Medicare hospital trust pushed to 2026 in trustees report
The annual trustees report shows Medicare's hospital trust would be exhausted in 2026, two years later than projected, while Social Security remains slated for 2033. With 58 million on benefits, the plan highlights slower health spending growth and lower Medicare costs as partial relief amid looming funding gaps. President Obama aims to bolster both programs with Congress, amid political risk over benefit cuts or tax hikes.
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Recovery shift lifts growth stocks as banks lead gains
Investors move from defensive plays to growth stocks with banks and insurers driving gains in the S&P 500 over the past month. Technology and industrials outpace utilities and consumer staples as unemployment falls to a four year low, signaling stronger economy and higher profit potential.
MENTIONED IN THIS ARTICLE
Standard & Poor
OPEC keeps oil output target at 30 million barrels
OPEC ministers kept the output target at 30 million barrels per day and deferred steps to counter surging U S shale production amid internal rivalries. Prices hovered above 100 dollars a barrel while global demand remained tepid and geopolitical tensions supported values.
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