The 2026 Social Security and Medicare Trustees Report projects the Old-Age and Survivors Insurance Trust Fund will be depleted by the fourth quarter of 2032. Once that threshold is hit, ongoing payroll tax revenue would cover only 78% of scheduled benefits, triggering an automatic 22% across-the-board cut without congressional action. The report was released by…

The European Central Bank is widely expected to raise interest rates Thursday as policymakers confront mounting inflation fueled by surging energy costs. Unlike the Federal Reserve, the ECB operates under a single mandate, keeping inflation close to its 2% target, and recent data shows pressure building on both headline and core readings. Headline euro zone…

General Motors is making a significant wager on sodium-ion battery technology as it looks to reshape its energy business and capture Wall Street’s attention. GM created GM Energy back in 2022, but the division has failed to generate the kind of investor excitement that rival Ford recently enjoyed following a similar energy announcement. The key…

Shares of AST SpaceMobile (ASTS) fell for a fourth consecutive session on Monday, marking the stock’s longest losing streak of 2026 as SpaceX’s blockbuster IPO approached. ASTS stock dropped nearly 2%, touching its lowest levels in nearly three weeks during a difficult stretch for the broader space sector. The losing streak followed a sharp selloff…

Memory chip makers are experiencing a powerful wave of surging demand that is reshaping pricing power and profit projections across the historically volatile sector. Analysts are no longer treating this as a short-term supply squeeze, instead describing the current environment as a full-blown “supercycle” with legs that could extend well beyond 2027. Micron Technology (MU)…

Wall Street is bracing for a sharp inflation reading Wednesday morning as the Bureau of Labor Statistics releases its May consumer price index report at 8:30 a.m. ET. The Dow Jones consensus projects the CPI will show inflation running at a 4.2% annual rate, driven by an expected 0.5% monthly gain in May. That reading…

The Social Security retirement trust fund is now projected to be depleted in the fourth quarter of 2032, according to the latest trustees’ report released Tuesday. That date is several months earlier than last year’s estimate, reflecting a notable acceleration in the program’s financial deterioration. Once the trust fund is exhausted, Social Security would only…

Several exchange-traded funds that built early private-market positions in SpaceX have seen dramatic asset growth ahead of the company’s highly anticipated public listing. Four funds in particular attracted a combined $7.9 billion in net inflows due to their existing private SpaceX holdings, signaling enormous investor appetite for pre-IPO exposure. The funds drawing the most attention…

Grandparents looking to give their grandchildren a lasting financial head start have a powerful tool at their disposal: the custodial Roth IRA. This account works similarly to a standard Roth IRA, but because minors cannot legally hold their own accounts, a grandparent or other adult serves as custodian. The custodian manages the account on the…

Jennifer Aniston’s boyfriend Jim Curtis has delisted his New York City condo just over four months after originally putting the property up for sale at $1.53 million. Curtis, 50, who works as a professional lifestyle guru, purchased the 1,200-square-foot Manhattan condo for just under $1.3 million back in 2015. In the years following his purchase,…