inflation

Retirement Upside

Why a 3.6% Social Security COLA Is More Flat than Fizzy

Photo by Frank van Hulst via Unsplash

Most retirees would probably prefer lower inflation and a smaller COLA to rapidly rising prices and a larger one.

2 min read

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Inflation & Prices

As Soaring Energy Prices Boost Inflation, Refiners Have Become Money Machines

A 9.1% jump in gasoline prices from a month earlier accounted for more than half of the 0.6% monthly increase in all prices from August.

2 min read
Photo via Teera Noisakran/Sipa USA/Newscom

Economics

IMF Warns of AI ‘Tsunami’ That Will Wash Away Jobs, Tax Revenue

Still, the IMF sees the demand and investment fueled by global AI spending of up to $2.7 trillion this year could significantly boost growth.

2 min read
Photo via Gent Shkullaku/ZUMAPRESS/Newscom

Markets

Brisk $39 Billion Treasury Auction Offers Bond Market Breather

The yield on the yield fell to 5.282%, after rising to the highest level since 2002 ahead of Wednesday’s auction.

2 min read

Banking

New York State Comptroller Says Wall Street Profits Could Top $90 Billion by the End of the Year

Photo via JOHN ANGELILLO/UPI/Newscom

While nearly all revenue lines increased, underwriting activities, account supervision and commissions were particularly strong.

2 min read

Indicators

What Will Latest Jobs Data Reveal About AI’s Effects on Labor Market?

Photo via Andrej Sokolow/dpa/picture-alliance/Newscom

Anthropic’s CEO said last year that the technology could eliminate half of all entry-level white-collar roles.

1 min read

Markets

How Much Longer Can Blue-Chip Companies Keep Up High Performance?

Photo via Lev Radin/ZUMAPRESS/Newscom

Earnings per share for S&P 500 companies skyrocketed 53% from a year earlier in Q2 and sales jumped almost 16%, according to LSEG data.

2 min read

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