Social Security confirms $1,300 monthly cut for these people: Bad news for millions of citizens – El Diario 24
The Social Security Administration warns that unless Congress acts quickly, benefits for working couples could decrease by $16,500 a year starting in 2033. And it's not just them. In early 2024, SSA sent a letter to the U.S. Senate stating: Federal OASI (Old Age Survivors Insurance) Trust Fund Depletionprovides checks to retired workers, deceased workers, […]
Dollar keeps poise ahead of Fed minutes, kiwi falls after big rate cut By Reuters – Investing.com
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday, offering some relief to the yen and other major currencies after surging to seven-week highs last week as investors took a break to assess the outlook for U.S. interest rates. It gave me a feeling. The New Zealand dollar fell to $0.60705, […]
Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut – Yahoo Finance
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday as investors paused to assess the outlook for the path of U.S. interest rates, adding some support to the yen and other major currencies, which soared to a seven-week high last week. It gave me a sense of relief. The New Zealand […]
New Zealand’s RBNZ expected to cut interest rate by 50 bps amid slowing economic activity – FXStreet
The Reserve Bank of New Zealand is expected to cut interest rates by 50bps to 4.75% on Wednesday. The deepening economic downturn in New Zealand's economy and optimism about inflation point to the possibility of a major rate cut from the RBNZ. The RBNZ's policy announcement is likely to cause severe volatility for the New […]
Time to cut fantasy football bait with D’Andre Swift
Dear D'Andre Swift who are you? This doesn't mean your favorite color, the TV show you watch, or your biggest fear. Or rather, who are you as an NFL running back? It's obvious that we don't know, so I humbly ask. Another look back at the tumultuous relationship between us, the everyday fantasy football managers, […]
The Fed’s 50 Basis Point Cut Was a Mistake Driven by Political Pressure
Fed Rate Cuts: A Premature Mistake Caused by Politics The Fed's 50 basis point interest rate cut in September was not only premature; driven by political pressure. Last Friday's employment statistics revealed a misjudgment. 254,000 new jobs, unemployment rate down to 4.1%Rather than stagnate, the labor market is growing stronger. Wages rose 4% from a […]
BP ‘abandoning plan to cut oil output’ angers green groups | BP
Environmental groups are furious over reports that BP has scrapped its oil production cut targets for the next five years, accusing the company of putting profits ahead of the health of the planet. Campaigners including Greenpeace and Reclaim Finance condemned the move, which could see oil companies scrap plans to cut oil and gas production […]
Energy Giant Puts Goal To Drastically Cut Oil, Gas Production On Ice
European energy company BP has abandoned its pledge to cut oil and gas production by 2030, Reuters reported on Monday, as it seeks to boost investor confidence following a slide in its stock price. BP announces plans August 2020 Cut oil and gas production by 40% by 2030, before lowering the target to 25% in […]
J&R Music owner looking to sell former retail space after Fed cut
The iconic retail and office space at 15 Park Row, once home to J&R Music, is being put up for sale by owner Rachel Friedman as a 200-year condominium lease. The 15,186 square feet of office space on the second floor is leased to creative agency DBOX until November 2026, but all of the 19,327 […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]