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New $6,000 senior tax deduction reduces Social Security taxes but risks earlier benefit cuts.

Market News
23 Mar 2026
247 Wallst
View Source
Bearish
pluang ai news

A new $6,000 tax deduction for seniors 65 and older, introduced in 2025, helps most retirees avoid paying taxes on their Social Security benefits. While this relief benefits about 88% of seniors, it reduces revenue from benefit taxation, potentially accelerating Social Security's financial shortfall. This could lead to earlier benefit cuts, posing long-term risks for retirees. Experts advise seniors to prepare by managing expenses, boosting income, and considering relocation to lower-cost areas in case cuts occur.

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Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...

Market News
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Wendy's offers $1 Frosty from July 19 with early access for Rewards members on National Ice Cream Day.

Wendy's offers $1 Frosty from July 19 with early access for Rewards members on National Ice Cream Day.

Wendy's is running a $1 promotion on small Classic Chocolate or Vanilla Frosty from July 20 to August 23, with early access for Wendy's Rewards members on July 19 in celebration of National Ice Cream Day. The offer is redeemable via the Wendy's app a...

Others
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4 hours ago
Dyadic launches new industrial enzyme program to boost bio-industrial growth and sustainability.

Dyadic launches new industrial enzyme program to boost bio-industrial growth and sustainability.

Dyadic International has expanded its bio-industrial pipeline with a new proprietary enzyme program focused on advanced cellulose processing, building on the success of its EN3ZYME™ product. This initiative leverages Dyadic's Dapibus™ platform to str...

Market News
Bullish
4 hours ago
Forum Markets buys $12M aircraft engine, expanding leased engine portfolio to four with a fifth pending.

Forum Markets buys $12M aircraft engine, expanding leased engine portfolio to four with a fifth pending.

Forum Markets has acquired a commercial aircraft engine for about $12 million, increasing its aviation portfolio to four engines leased to major U.S. airlines. The engine, a widely used CFM56-7B model, is already generating revenue under a long-term ...

Company Fundamentals
Bullish
4 hours ago
Faith-based film 'Our Crossroads' premieres exclusively on Angel streaming platform July 16, 2026

Faith-based film 'Our Crossroads' premieres exclusively on Angel streaming platform July 16, 2026

The award-winning faith-based film 'Our Crossroads,' based on a true story of a young couple caring for orphaned siblings in 1969 Ohio, premiered exclusively on the Angel streaming platform on July 16, 2026. The film, which won Best Faith/Family Feat...

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4 hours ago
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