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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Why Robinhood Stock Is Soaring Today
Shares of Robinhood Markets (NASDAQ: HOOD) surged 12.1% on Monday, coinciding with a 0.3% increase in the S&P 500 and Nasdaq Composite. The rise follows Robinhood's announcement of launching commission-free tokenized trading in the E.U., enabling customers to trade over 200 U.S. stocks and ETFs, including Nvidia and Apple, outside traditional trading hours. Explain It To Me Like I'm 5: Robinhood's stock is going up because they are letting people in Europe trade American stocks...
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