COLA for Social Security unlikely to ease seniors' costs
About 70.6 million beneficiaries will receive a 2.5 percent increase in January 2025, smaller than recent years, with many seniors like 82 year old Sherri Myers in Pensacola noticing inflation eroding savings. Analysts note the increase benefits the average retiree by about $48 monthly, while warning of long-term trust fund shortfalls and tied political debate on protecting the program.
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Wall Street hits fresh records led by cruise stocks
U S equity averages reached new highs as the S P 500 and Dow climbed with Nasdaq up. Cruise lines rose on Citi upgrade and optimistic demand data while Helen of Troy jumped on strong quarterly results. KinderCare debuted on the NYSE as Boeing slid after a failed contract offer with its workers.
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Boeing withdraws contract amid long strike and junk rating warning
Boeing halted a proposed contract as talks with IAM District 751 collapsed, sparking blame over non negotiable demands. S&P warned of a potential junk rating while Clover or Moody's noted upcoming debt maturities. The strike has frozen West Coast production and pushed for cash preservation.
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Trump Bibles Printed in China Amid Campaign Push
The AP finds nearly 120000 copies of Donald Trump’s God Bless the USA Bible shipped from Hangzhou China to the United States between February and March in three shipments valued at about 342000. Each Bible priced at 59.99 dollars could yield around 7 million in sales. The shipments followed Trump’s March 28 announcement with Lee Greenwood, tying religion to his campaign. The Bibles include Constitution and Declaration pages, with Trump’s name on the cover. CIC Ventures licensed Trump’s name. royalties cited at 300000, period unclear. No comment from Trump or spokesman.
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