The Social Security Administration announced a 2.5% cost-of-living adjustment for 2025, marking the smallest increase since 2021. Close to 68 million beneficiaries will see their checks increase by an average of $48 per month on January 1, 2025. While some advocate for using a different inflation calculation method, the increase may not be enough for many older Americans who rely on Social Security as their primary source of income.
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Did Nike's Turnaround Just Begin?
Nike (NYSE: NKE) experienced a significant 16% stock surge following its fiscal fourth-quarter earnings report, marking its largest one-day gain in several years. Despite a 12% revenue decline to $11.1 billion and a drop in earnings per share to $0.14, the company exceeded expectations, particularly with its optimistic guidance for the upcoming fiscal year. Explain It To Me Like I'm 5: Nike's stock went up a lot after they shared news that made people think...
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