Shell has announced $3.5bn of share buybacks after exceeding market expectations with $6bn in adjusted earnings for the third quarter. Chief executive Wael Sawan has focused on improving financial performance by cutting costs, simplifying the energy transition approach, and streamlining operations. Despite a drop in earnings in the chemicals division, Shell maintained its dividend at $0.34 a share while reducing capital expenditure and debt to enhance balance sheet resilience.
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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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