Former President Donald Trump has reiterated his plan to eliminate taxes on Social Security benefits for seniors, a move that has sparked concerns among policy experts. While this proposal may seem beneficial on the surface, experts warn that it could have serious repercussions for the solvency of Social Security and Medicare trust funds. By repealing
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Automaker Stellantis made headlines recently with its announcement of plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This move comes as Stellantis shifts its focus towards newer models of the Ram 1500, leaving the older “Classic”
Embracing a visionary approach towards sports innovation, Life Time’s founder and CEO Bahram Akradi has set out to revolutionize the world of pickleball. Dissatisfied with the inconsistency in bounce and durability of traditional pickleballs, Akradi took it upon himself to create what he calls “the ultimate pickleball.” This groundbreaking development is set to redefine the
A hazardous goods container exploded on a cargo ship in China’s Ningbo port, owned by Yang Ming Marine Transport Corp. Fortunately, there were no casualties or injuries reported. The incident occurred on the YM Mobility ship and resulted in a fire, which has since been contained. All individuals on board were safely evacuated from the
The article discusses how wealthy investors and family offices have been reducing their stock holdings over the past year in favor of private markets due to concerns about an overheated tech sector. Although the move away from equities seemed prudent, it raises questions about the diversification of their portfolios. While private equity may offer higher
Artificial intelligence (AI) has made its way into the financial sector with JPMorgan Chase rolling out a generative AI assistant for tens of thousands of its employees. This move marks the beginning of a broader plan to integrate AI technology throughout the financial giant. The program, known as LLM Suite, is already in use by
The stock market has been witnessing a mix of positive and negative trends in recent sessions. Companies like E.l.f. Beauty and Paramount Global have shown significant gains in sales and stock performance. However, other companies like Sweetgreen and Archer Aviation have experienced ups and downs in after-hours trading. This erratic behavior reflects the unpredictable nature
Delta Air Lines recently revealed that the CrowdStrike outage that occurred last month had significant financial repercussions, costing the company approximately $550 million. This hefty price tag includes a $380 million revenue hit in the current quarter, primarily due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, the airline