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Retirees: expect a massive increase in Social Security in 2023 and a higher tax bill

Retirees: expect a massive increase in Social Security in 2023 and a higher tax bill

(Katie Brockman) Next year, retirees will likely receive one of the largest cost-of-living adjustments (COLAs) in history. While the official COLA for 2023 won’t be announced until October, Senior League pundits expect it to be around 8.7%. That’s way more than the usual 1% to 3% increase that seniors get most years, and it’s also …

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Billionaire investor Bill Ackman has the cure for high inflation: a massive wave of Russian immigration

Billionaire investor Bill Ackman has the cure for high inflation: a massive wave of Russian immigration

The Federal Reserve aggressively raised interest rates in hopes of cooling the economy and bringing inflation under control, which remained near a 40-year high in August at 8.3%. Their aim is to reduce demand and slow wage growth so that high consumer prices do not become “entrenched”. But senior officials noted this week that it …

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From the Fed to the currency crisis in Europe, here's what's behind this massive sell-off in financial markets

From the Fed to the currency crisis in Europe, here’s what’s behind this massive sell-off in financial markets

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened on Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could lead to much higher interest rates and a recession. Friday’s selloff was global, in a week the Fed …

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Dreamforce 2022: Tech Megacon Brings Massive Crowds, 30ft Waterfall and Puppy Playground to SF

Dreamforce 2022: Tech Megacon Brings Massive Crowds, 30ft Waterfall and Puppy Playground to SF

A flood of Dreamforce attendees saturated the streets around Moscone Center on Tuesday, bringing 2019-style crowds to downtown San Francisco for the city’s biggest conference in three years. A sold-out crowd of 40,000 crowded a closed block on Howard Street and the three Moscone Center facilities, with massive lines and pedestrian traffic jams outside each …

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Ethereum's massive software update just went live - here's what it does

Ethereum’s massive software update just went live – here’s what it does

Ethereum’s biggest update has just gone into effect, in what industry experts are calling a game changer for the entire crypto industry. So far, all signs suggest that the so-called merger – which is designed to reduce the cryptocurrency’s power consumption by more than 99% – has been a success. The first-ever block of Proof-of-Stake …

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A massive rail strike next week could deal another blow to the US economy

A massive rail strike next week could deal another blow to the US economy

“We’re hearing more and more that shippers and railroads are getting anxious,” said John Drake, vice president of transportation, infrastructure and supply chain policy for the U.S. Chamber of Commerce. The chamber is calling on both sides to reach an agreement that averts the first nationwide railway strike in 30 years. The unions and the …

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