Mindblown: a blog about philosophy.

Barring Congressional action, Social Security’s trust funds are set to be depleted by 2032. At that point, tens of millions of retirees could see their monthly benefits cut by 22%. While the cuts will be brutal, Social Security recipients in 29 states would see a benefit loss of $500 or more per month. Data from…

Key Points Artificial intelligence has been and will continue to be the biggest driving force of the current bull market. Analysts see upside of more than 25% for each of these ETFs over the next 12 months. These Vanguard funds have low expense ratios. Even after an incredible bull market run for the last 45…

Global stocks fell on Friday as investors fretted about tech stocks and energy prices. AI chip stocks tumbled in Asia as sky-high valuations and rising volatility spooked markets. Japan’s Kioxia has lost half its value since peaking after a blockbuster AI-fueled stock surge. Global stocks slid on Friday as investors soured on tech stocks and…

A typical, newly retired dual-income couple could lose nearly $17,000 in annual Social Security benefits beginning in 2033 if Congress does not take action to resolve the program’s funding crisis, according to a new report from the Committee for a Responsible Federal Budget (CRFB). It comes as lawmakers face mounting pressure to address Social Security’s…

The outlook for Social Security in 2027 is already looking brighter than many retirees expected. Early forecasts suggest the average monthly benefit could rise by about $77, after cooling inflation eased estimates that had climbed earlier this year. That is welcome news, especially for retirees living on just Social Security, but a larger COLA does…

The benchmark indices traded higher by midday on July 17 as strong buying in financial and information technology stocks lifted the broader market. The Nifty was hovering around the 24,270 level, while the Sensex was hovering near the 77,970 mark.  Quarterly earnings remained the biggest trigger for stock-specific action, with Jio Financial Services rallying after…

By Tharuniyaa Lakshmi and Johann M Cherian July 17 (Reuters) – European shares fell on Friday, tracking a loss in global markets on the back of a chip-stock selloff and ‌an escalating Middle East conflict. Investors rushed out from highly volatile tech stocks from Japan to ‌Europe, taking cover in sectors that have lagged so…

En esta noticia Millions of Americans who receive Social Security benefits could see a larger cost-of-living adjustment (COLA) in 2027 if current inflation trends continue. A new estimate released after the latest inflation report suggests beneficiaries may receive a 3.8% COLA next year. While the official figure will not be announced until October by the…

Bipartisan legislation introduced in the Senate this week aims to force Congress to act quickly before massive Social Security cuts hit within the next seven years. U.S. Senator Dick Durbin, D-Ill., announced this week the Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE, Act. The act itself doesn’t offer specific solutions to…

From 2h ago European stock market joins global tech sell-off The tech sell-off has spread to European stock markets this morning: the Stoxx Europe 600 is down 0.5%, led by a 1% decline in its tech sector. ASML, a Dutch business which specialises in making chip manufacturing equipment, is down 4%. Infineon Technologies, a German…