The Senior Citizens League predicts a 3.9% cost-of-living adjustment (COLA) for Social Security in 2027, up from this year's 2.8%, reflecting rising inflation pressures. This increase could raise the average retired worker's benefit by about $81. However, the Social Security trust fund is projected to become insolvent by 2032, which would force automatic benefit cuts of around 25%. Experts warn that if wages don't keep pace with inflation, the program's deficit will worsen, accelerating insolvency. Proposals to improve solvency include capping benefits for wealthy recipients and introducing new employer taxes.
The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging that the company may have provided misleading business information to investors. Investors who purchased Putnam stock-based mutual fun...
Several stocks experienced significant declines today driven by company-specific events. SANUWAVE Health's shares dropped 39.21% despite strong revenue guidance, Twin Vee Powercats fell 30.95% amid a legal investigation, and Gorilla Technology declin...
The phase III ENDURANCE trial showed that two years of lenalidomide maintenance therapy offers the same long-term survival benefit as indefinite treatment for patients with standard-risk multiple myeloma who are not transplant candidates. After nearl...
The stock market saw significant gains driven by corporate announcements and high trading volumes, particularly in battery technology, electric vehicles, and green energy sectors. Electrovaya surged 49.05% after announcing a commercial deal with Amaz...
An Akamai Technologies executive sold 3,100 shares as the company shifts focus from its declining content delivery network business to high-growth cloud infrastructure and cybersecurity services. This strategic pivot is supported by a $1.8 billion, s...
