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Tag: Expected

Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says – CNBC

People leave the Social Security Administration building in Burbank, California. Valerie Macon | AFP | Getty Images Social Security directors attributed the slightly improved outlook to more people contributing to the program amid a strong economy, low unemployment, and rising employment and wage growth. Last year, the trustees predicted that the program’s funding would last […]

Yankees’ Gerrit Cole expected to throw off mound Saturday

Manager Aaron Boone said Gerrit Cole played catch on Friday, but the right-hander’s next real test is expected to be Saturday, when the Yankees ace takes the mound for the first time since being sidelined with elbow inflammation. He said he was planning to get off the train. March. “This is a step,” Boone said […]

Rep. Cuellar of TX expected to face indictments from DOJ: sources

The Justice Department plans to indict Texas Democratic Rep. Henry Cuellar on Friday, a person familiar with the investigation told Fox News Digital. Federal law enforcement raided Kueyar’s home and office in 2022 as part of an investigation into ties between a group of American businessmen and Azerbaijan. The representative and the agency agreed to […]

US economy adds 175K jobs in April, much weaker than expected

Brian Levitt, global market strategist at Invesco, discusses economic growth and inflation on Barron’s Roundtable. U.S. job growth slowed significantly in April, while the unemployment rate unexpectedly rose, a sign that high interest rates and stubborn inflation are starting to weigh on the labor market. Employer added 175,000 jobs in AprilThe Labor Department said it […]

Apple sales fall less than expected, beating Wall Street estimates

Ryan Payne, president of Payne Capital Management, discusses the challenges Apple faces with Varney & Co. Apple reported a year-over-year revenue decline in its fiscal second-quarter earnings report released after the bell Thursday, but still beat Wall Street expectations. The tech giant’s revenue fell 4.3% year over year to $90.75 billion. Analysts had expected sales […]

April jobs report expected to show a ‘cooling’ labor market

Lisa Erickson, senior vice president at U.S. Bank Wealth Management, analyzes stock trends, the job market and potential “signs of further deterioration.” April’s jobs report is expected to show that the U.S. labor market cooled last month, but that employment remains strong despite high interest rates and chronic inflation. Department of Labor April salary reportThe […]

Shell unveils new $3.5bn share buy-back after higher profits than expected | Shell

Shell plans to shower shareholders with a further $3.5 billion (£2.8 billion) in share buybacks in the next quarter after reporting a better-than-expected profit of almost $8 billion in the first three months of this year. The company reported first-quarter adjusted profit of $7.7 billion, lower than the $9.6 billion reported in the year-ago period […]