Social Security bump eyed as 2.2 percent rise forecast for 2018
Trustees project a 2.2 percent automatic increase in Social Security benefits in 2018, the largest in years, with the average monthly payment around $1,253. Medicare Part B premiums are expected to stay unchanged for most beneficiaries, while long term funding remains a concern.
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Washington
Social Security
Medicare
Congress
Health and Human Services
Tom Price
Verizon confirms 6 million PINs leaked from vendor cloud
Verizon on Wednesday confirmed data from about six million customers was exposed online in June due to a vendor's employee granting external access to a cloud storage area on Amazon S3. The leak involved some phone numbers and PINs but no Social Security numbers or voice recordings. The incident was flagged by Chris Vickery of UpGuard, and the storage was sealed on June 22.
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Verizon
Zdnet
Amazon
Jeffrey Bezos
Washington Post
Nice Systems
Chris Vickery
UpGuard
Vickery
Republican Party
CNN
Hemu Nigam
SSP Blue
McDonald’s Faces Slow Turnaround as Locations Shrink
McDonald’s, facing a shrinking footprint for the third straight year, struggles to reverse falling customer visits despite a broadened menu and new delivery options. It tests dessert stations, promotes low priced items, and shifts focus back to burgers amid competition from Shake Shack and others.
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U.S
Shake Shack
Habit Burger Grill
McDonald's
Starbucks
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Nick Karavites
Chicago Area
Richard Adams
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Karavites
Chicago
Economists oppose tariffs on steel imports in letter to president
Nobel laureate Joseph Stiglitz and Laura Tyson join Columbia’s Glenn Hubbard and Harvard’s Greg Mankiw in a letter advising the president against broad steel tariffs. They note past Bush measures harmed the economy and warn of costly retaliation from allies at the G20. Janet Yellen was not asked to sign.
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Joseph Stiglitz
Columbia University
Laura Tyson
University of California At Berkeley
Bill Clinton
Glenn Hubbard
Columbia
Greg Mankiw
Harvard
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Fed
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William Reinsch
Low
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Reinsch
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George W. Bush
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Markets hold steady as earnings loom and banks lead gains
U.S. equities edged higher on optimism ahead of major bank earnings with financials leading. T Rowe Price, Goldman Sachs and Morgan Stanley posted solid gains while Delta Air Lines slipped after a soft quarter. Retailers Gap Macy’s Target rose as earnings expectations supported stocks. NRG Energy planned asset sales to cut debt.
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Eric Wiegand
U.S. Bank
T. Rowe
Goldman Sachs Group
Morgan Stanley
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Jpmorgan Chase
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Davidson
Delta Air Lines
NetApp
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Macy's
Target
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Sara Senatore
Senatore
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the Chronicle
Amherst
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