More than 75 million Americans receiving Social Security and Supplemental Security Income (SSI) benefits will see their monthly payments rise by 2.8% in 2026, marking the first time in three years that the annual adjustment has outpaced the previous year’s increase. The Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) on Friday, shortly after …
Coca-Cola’s third-quarter results topped Wall Street expectations on Tuesday. The strong performance was driven by steady global demand for its sodas and growing sales of zero-sugar and energy drinks. The company reported revenue of $12.46 billion, above analysts’ estimates of $12.39 billion, according to LSEG data. Shares rose 2.5% in premarket trading after Coca-Cola reaffirmed …
In a sign of shifting priorities at the world’s most powerful central bank, the U.S. Federal Reserve is expected to cut interest rates twice more before year-end, a move analysts say reflects mounting concern over a slowing job market despite persistent inflation. According to a survey, out of 117 economists, 115 expect the Fed to …
The U.S. Federal Reserve is preparing for its next policy meeting under an unusual cloud of uncertainty, with the ongoing government shutdown halting key economic data releases and leaving policymakers without a clear picture of the economy’s health. Official employment figures have not been published since the shutdown began on October 1, while limited private …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
Domino’s Pizza has outperformed Wall Street expectations in its third-quarter results, riding a wave of value-driven promotions and new menu offerings as budget-conscious Americans search for affordable meal options amid stubborn inflation. The world’s largest pizza chain reported a 5.2% increase in U.S. same-store sales, surpassing analysts’ forecasts of 4%, according to data from LSEG. …
A renowned economist, Muda Yusuf, has said that Nigeria could sustain the declining inflation rate to make a positive impact on the masses. Yusuf, who is the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), shared his view in a statement on Wednesday, October 15, following the release of the …
Across Nigeria’s capital city, the dream of living close to work is fast slipping away. The recent spike in house rents across Abuja has triggered an exodus of residents from central districts to far-flung areas, as landlords adjust their prices in response to inflation, rising building costs and, in some cases, sheer greed. For many, …
America’s small businesses are bracing for a rough patch. According to new data released by the National Federation of Independent Business (NFIB), confidence among U.S. small business owners fell sharply in September, as inflation worries, tariff pressures, and growing policy uncertainty weighed heavily on Main Street. The NFIB Small Business Optimism Index dropped 2.0 points …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
