Oct. 13, 2022, at 08:30 a.m. ET -- Social Security's more than 65 million beneficiaries will find out exactly how much their monthly benefit is slated to rise in 2023. For most of the 48.1 million retired workers receiving a Social Security check, unveiling the cost-of-living adjustment (COLA) is the most important announcement of the year. Why is Social Security's cost-of-living adjustment (COLA) so important?
As the London Metal Exchange (LME) savours its court victory over cancelled nickel trades, it still faces a host of challenges including ongoing repair of its damaged nickel contract and reputation after being rocked by crisis last year. The LME on Wednesday won a legal battle with U.S. financial firms which demanded $472 million in compensation after the exchange cancelled billions of dollars in nickel trades when prices shot to records above $100,000 a metric ton in a few hours of chaotic trade. The 146-year old LME is contending with rivals such as the Shanghai Futures Exchange and the CME Group grabbing market share while also seeking to satisfy regulators and win back some disgruntled customers.
A new report from the Kentucky League of Women Voters has found that the General Assembly has passed more and more bills using procedures that make the process less transparent.
Cleveland Federal Reserve President Loretta Mester said on Wednesday that an easing of inflation pressures has given the U.S. central bank time to decide the next move in its monetary policy path. "While it is still above our 2 percent goal, there has been discernible progress on inflation even while the overall economy has remained relatively strong," Mester said in the text of a speech prepared for delivery before a conference on financial issues in Chicago. It will likely take time to hit the Fed's inflation target, Mester said, but in the meantime, "monetary policy is in a good place for policymakers to assess incoming information on the economy and financial conditions."
The mom-of-two rocked a stunning all-black look ahead of her 35th birthday in December.
For decades, succession plans have been a big question for Berkshire Hathaway (BRK-A, BRK-B) investors, especially given the high bar set by Warren Buffett. The death of the company's vice chairman, Charlie Munger, has again brought some of those concerns to the forefront. Who will take over? How will the company fare after years of Buffett's leadership? However, as Morningstar Senior Stock Analyst Greggory Warren explains to Yahoo Finance Live, Buffett has made changes at the company that could make the transition easier for whomever takes his place. Warren expounds on the current structure of Berkshire Hathaway: "The fact that there are so few people at corporate and that Buffett's day-to-day duties have really just involved looking at potential capital allocation decisions, he spends far more time reading through Ks and Qs than he does sort of worrying about how one plant is running or another operation is running. He's left that down to the managers down the line, and that's kind of the beauty of the business model right now. It's sort of self-running and there's not a whole lot that the corporate is going to need to do going forward even without Buffet at the helm." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Andrew Bailey has claimed he is not an “ultra-pessimist” just days after warning that the outlook for the UK economy was among the worst he’d ever seen.
While electric vehicle demand may be swerving off course from US consumers, General Motors (GM) CEO Mary Barra assures that EV adoption continues to see an upside. Barra sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the auto maker's future EV models, noting that GM is working to address concerns that EVs may not "tick all the boxes" for car buyers at the moment. This includes pricing and affordability for American consumers and worries about charging range anxiety. Barra explains GM is pushing for a charging range of over 300 miles for the brand's electric vehicles, which will improve as the charging infrastructure is slowly built out in the US. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Senate Majority Leader Chuck Schumer, a Democrat who is the highest-ranked Jewish elected official in the U.S., warned Wednesday that antisemitism in the United States has reached levels unseen in generations and called on his fellow Democrats to clearly condemn it. The Biden administration is engaged in delicate negotiations to release hostages held by Hamas and extend a ceasefire, Democratic senators are increasingly calling to attach humanitarian conditions on a military aid package for Israe l, and the left-wing of the party has demonstrated a surge in support for Palestinians.
Ottawa has agreed to set a $100-million yearly cap on payments that Google will be required to make to media companies when its controversial online news legislation takes effect at the end of the year. The announced Wednesday has the Liberal federal government bending to the tech giant's demands after it threatened to remove news from its platform. The Online News Act compels tech giants to enter into agreements with news publishers to pay them for the news content that appears on their sites,
NEW YORK (AP) — The irreverent feminist website Jezebel is making a comeback less than a month after it was shut down. Paste Magazine, a digital pop culture publication based in Atlanta, announced Wednesday that it was buying Jezebel.com from G/O Media, which closed it and laid off its staff earlier this month. In an announcement on its website, Paste said it “moved quickly to try and save" Jezebel after learning of its closure, calling the site “a beloved platform with a strong focus on women’s
AI investing is a growing trend that uses software and algorithms to analyze market trends and make predictions based on historical data while considering price volatility and risk. But now, scammers...
A group of Kentucky residents on Wednesday sued CSX, saying the railroad operator could have prevented a train derailment that spilled molten sulfur in remote eastern Kentucky on the eve of the U.S. Thanksgiving holiday. The proposed class action lawsuit filed in Kentucky federal court claimed CSX's negligence, recklessness and failure to follow federal train regulations were to blame for the Nov. 22 crash, which involved 16 cars, including two carrying molten sulfur that spilled some of their load near Livingston, a town of approximately 200 people. The lawsuit said the derailment could have been avoided had CSX properly maintained equipment, including by more closely monitoring train wheel bearings the company has said overheated and caused the crash.
RFK Racing will enter a third car in next year's season-opening Daytona 500 for David Ragan, who will pilot the No. 60 Ford as part of a new program for the organization. The #Stage60 program will bring the No. 60 to the Cup Series and RFK plans to use it in additional races that were not part of Wednesday's announcement. The number is part of Jack Roush's heritage and was used in nearly 600 races in the second-tier Xfinity Series by Carl Edwards, Mark Martin, Greg Biffle, Chris Buescher and others.
Industry is a leading climate polluter: Our road map shows what’s needed to cut industrial emissions in fast-growing countries.
The "Charmed" actress revealed in 2020 that her breast cancer had returned as stage 4.
Sadiq Khan on his new initiative to tackle damp and mouldy homes in London's rental market
One home had 18 inches of sea water in it, officials say.
Jonathan Perry says on morning of inspection his wife said it was going really badly and she was traumatised
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