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Cost of Living Adjustment increases 8.7% in 2023, Contribution Base increased to $160,200
over 1 year ago by Calculated Risk @ Calculated Risk
With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2023.From Social Security: Social Security Announces 8.7 Percent Benefit Increase for 2023Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social Security benefits will increase by more than $140 per month starting in January.The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Increased payments to more than 7 million SSI beneficiaries will begin on December 30, 2022. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA to the incre...
Weekly Initial Unemployment Claims increase to 228,000
over 1 year ago by Calculated Risk @ Calculated Risk
The DOL reported:In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of 9,000 from the previous week's unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week's unrevised average of 206,500. emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6v6TpWmJmvjZgczBPS3Od5vlSZWtSwIxz35f1zbcUOH...
BLS: CPI increased 0.4% in September; Core CPI increased 0.6%
over 1 year ago by Calculated Risk @ Calculated Risk
From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment.Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased.The index for all items less food and energy rose 0.6 percent in September, as it did...
Swing Trader Pro: Morning Briefing (10-13-2022)
over 1 year ago by David @ All Star Charts
From the Desk of Kimmy Sokoloff As I write this morning, the futures are trading higher, with the SPX at 3,600 ahead of the release of September CPI data. I’d like to see the SPX hold onto 3,600 and trend higher from here, but time will tell. The levels to watch on the $SPY are […] The post Swing Trader Pro: Morning Briefing (10-13-2022) appeared first on All Star Charts.
Viking Global Now Owns 17% of INBX
over 1 year ago by David @ All Star Charts
The largest insider transaction on today’s list is a Form 4 filing by the Greenwich-based hedge fund Viking Global Investors. The fund reported a purchase worth roughly $40 million in the small-cap biotech Inhibrx $INBX, increasing its total stake to 17%. After just about doubling in the last two weeks, INBX is trading at its […] The post Viking Global Now Owns 17% of INBX appeared first on All Star Charts.
Chart of the Day: Breadth Improvement?
over 1 year ago by JC @ All Star Charts
In bear markets you tend to get more and more stocks making new lows. We haven’t seen that. In bull markets you tend to get more and more stocks making new highs. We haven’t seen that either. So are we going to finally get that expansion in the new lows list? Or are these meaningful […] The post Chart of the Day: Breadth Improvement? appeared first on All Star Charts.
Starbucks Is A Bargain, And So Are These 2 Faster-Growing Dividend Aristocrats
over 1 year ago by SA Most Popular
Wall Street Breakfast October 13: September's CPI Likely To Show 'stickier' Costs Rising More, Economists Say (Podcast)
over 1 year ago by SA Wall St. Breakfast
Realty Income: Wide Moat + Wide Margin Of Safety = Sleep Like A Baby
over 1 year ago by SA Most Popular
Things Are Breaking In Global Financial Markets
over 1 year ago by SA Editor's Picks
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Sign of the Times: A Safety Trade Blows Up In A Hurry
over 1 year ago by Dr. Duru @ Dr. Duru
“It isn’t random that utilities are acting fairly well.” Carter Braxton Worth, CNBC Fast Money, September 8, 2022. There is truly nowhere left to hide in this stock market! One of the last “safe haven” investments, the Utilities Select Sector SPDR Fund (XLU), hit an all-time closing high exactly one month ago and today completed a ... Read more The post Sign of the Times: A Safety Trade Blows Up In A Hurry appeared first on ONE-TWENTY TWO: Trading Financial Markets.
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