ConocoPhillips (NYSE: COP) shares rose 2.5% on Friday morning amid escalating tensions in the Middle East, following Israeli airstrikes on Iran and subsequent Iranian drone attacks on Israel. Investors are concerned that this conflict could disrupt oil supplies from the region, potentially driving up oil prices.
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President Trump Promised to End Social Security Benefit Taxes. Here's What Seniors Are Getting Instead
The White House announced a new senior tax deduction from the One Big, Beautiful Bill (OBBB) for the 2025 tax year, claiming it will exempt 88% of seniors on Social Security from owing taxes on their benefits, fulfilling a key promise from President Trump. However, experts caution that while the deduction may assist some seniors, it does not eliminate taxes on benefits entirely, warranting a deeper understanding of its implications. Want More Context? 🔎
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