Tesla is set to unveil the redesigned Roadster on Thursday after the EV-maker first previewed a next-generation version of its electric sports car nearly nine…
Social Security beneficiaries could face a 22% across-the-board benefit reduction in 2032 without congressional action, according to the Committee for a Responsible Federal Budget (CRFB), as a new cost-of-living adjustment renews debate over the program’s…
Crypto titan Michael Saylor predicts bitcoin will surge past $100,000 over the next year to kick off a massive new bull market. The largest cryptocurrency by market capitalization is trading around $81,800, up from about $75,900 a month ago, around the time the Senate failed to advance the Clarity Act…
The Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027. The COLA is determined using the consumer price index for urban wage earners and clerical workers (CPI-W) data for the third quarter of the year, including the months of July, August and September. It aims to…
This story about the September CPI inflation report will be updated with further details. Inflation accelerated in September as the pace of consumer price growth trended higher due to elevated energy prices.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…
The Treasury Department announced approximately $1.21 billion in penalties against Bank of America over longstanding anti-money laundering failures and U.S. sanctions violations. Regulators found the bank failed to adequately investigate trillions of dollars in potentially suspicious transactions despite knowing about significant compliance deficiencies.The action includes the largest penalty in the…
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Young Americans are reconsidering the value of a college degree given the high cost of college and the prospect of taking on student loan debt, which is prompting some colleges and universities to cut tuition…
