As Supplemental Security Income turns 50, some are calling for the program’s outdated rules to change

Fg Trade | E+ | Getty Images A key federal program providing benefits to elderly, blind and disabled people — Supplemental Security Income — is turning 50 years old. The program, which currently serves nearly 8 million beneficiaries, was created by legislation signed by President Richard Nixon on Oct. 30, 1972. But even as Supplemental…

Truth Social merger partner’s shares rise after Trump weighs in on Elon Musk Twitter deal

In this article DWAC Follow your favorite stocksCREATE FREE ACCOUNT The TRUTH Social website is seen on a mobile device with an image of former US president Donald Trump in the background in this photo illustration in Warsaw, Poland on 23 February, 2022. Nurphoto | Getty Images Shares of Digital World Acquisition Corp., the blank…

Altria quarterly earnings miss estimates as cigarette maker’s revenue falls

In this article MO PM CRON-CA Follow your favorite stocksCREATE FREE ACCOUNT Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Here’s…

Stocks making the biggest moves premarket: Exxon Mobil, Chevron, Amazon and others

In this article CVX XOM AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices. Chevron…

More than 40% of U.S. households will owe no federal income tax, down from last year, according to a new analysis

The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analysis. An estimated 72.5 million households — or 40% of total households — will pay no federal income…

Activist Starboard takes a stake in Vertiv, and an opportunity to boost margins is in sight

Kobus Louw | E+ | Getty Images Company: Vertiv Holdings (VRT) Business: Vertiv designs, manufactures and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The company went public through a SPAC merger in the first quarter of 2020 with GS Acquisition Holdings, a SPAC…

‘Your loved ones will already be in a state of trauma.’ The ramifications of dying without a will

C.j. Burton | The Image Bank | Getty Images What happens if a loved one dies without a will? Millions of us are bound to find out, as two-thirds of American adults have no will, according to a recent Caring.com study. If a person dies without a will, or intestate, the probate court decides who…

‘Millionaire tax’ plans are on the ballot in California and Massachusetts. Here’s what that means for taxpayers

amriphoto Amid the nationwide flurry of tax cuts, two states are voting on whether to enact a “millionaire tax” on top earners in November. In California, Proposition 30 would add a 1.75% levy on annual income of more than $2 million, in addition to the state’s top income tax rate of 13.3%, beginning Jan. 1. …

Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock…

GM temporarily suspends advertising on Twitter following Elon Musk takeover

In this article TSLA GM Follow your favorite stocksCREATE FREE ACCOUNT DETROIT — General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to Musk-led electric vehicle maker Tesla, said it is “pausing” advertising as it evaluates…

Shopify shares pop 17% on smaller-than-expected loss

In this article SHOP-CA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Shopify jumped 17% after the e-commerce company reported a narrower-than-expected loss for the third quarter and revenue that beat Wall Street’s estimates. Loss per share: loss of 2 cents, adjusted, vs. loss of 7 cents expected by analysts according to Refinitiv. Revenue: $1.37…