The 2027 COLA comes amid concern the annual increase will do little to ease the financial pressures of older Americans.

Social Security recipients will get a 3.6% pay raise next year, but experts warn rising costs may eat up the extra cash.

The Social Security cost-of-living adjustment will be 3.6% in 2027, up from 2.8% this year, the Treasury Department said Wednesday, as older adults grapple with higher costs for healthcare, housing and groceries.

Social Security benefits will rise by 3.6% in 2027, the biggest boost in four years, according to the Social Security Administration’s Wednesday announcement. The cost of living adjustment (COLA) will equal an additional $75 a month for the average retired worker and an additional $59 a month for disability and survivor beneficiaries. That figure is 0.8% percentage points higher than last ...

South Korea’s benchmark Kospi index has dropped more than 7% on Tuesday on a sell-off of chip shares and Asian shares mostly declined after U.S. stocks ended mixed

SK Hynix and Samsung stocks drop as chip fears go global, with investors worried the AI trade won’t endure earnings season.

The Kospi index was down 7.4 per cent to 5,914.35, its lowest level since late July. It reached an all-time high in June after crossing 9,000, supercharged by the global artificial intelligence boom.

South Korea’s Kospi plunged over 7% amid concerns about rising competition from Chinese semiconductor makers, triggering a temporary trading curb. Samsung Electronics and SK Hynix suffered sharp losses, while foreign investors sold equities heavily. Weak technology stocks, a softer won and falling bond yields reflected growing market uncertainty and investor anxiety.

The International Monetary Fund has slightly upgraded its outlook for the world economy for this year, but it's forecasting growth at a still sluggish 3.1%. Growth in 2025 was 3.5%. Its

The International Monetary Fund has slightly upgraded its outlook for the world economy for this year, but it's forecasting growth at a still sluggish 3.1%

The International Monetary Fund on Tuesday slightly upgraded its outlook for the world economy for this year, while warning of growing risks from rising debt, including borrowing related to artificial intelligence.The IMF says it expects the global economy to grow at a 3.1% pace this year. That's up from its July forecast for 3.0% growth and well below the 3.5% expansion in 2025. Growth in 2027 should rebound to 3.4%, it said in its latest...

The International Monetary Fund (IMF) maintained its 2027 global economic growth forecast at 3.4%, warning that escalating Middle East tensions, rising government debt and persistent inflation could threaten the

LVMH's sales in mainland China dropped by double digits in the third quarter, adding to doubts about the durability of a broader luxury recovery. Bloomberg's Angelina Rascouet reports.

LVMH’s third-quarter fashion and leather goods sales fell 5%, worse than analysts expected, as weaker Chinese demand weighed on Louis Vuitton, Dior and other brands. Overall organic sales rose 1%, supported by growth in the U.

LVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment. View on euronews

Shares in LVMH were indicated ​to open lower ‌on Tuesday after the luxury ​group missed third-quarter ​sales expectations, as weakening ⁠Chinese consumer ​sentiment weighed on ​its key division, home to brands ​Louis Vuitton ​and Dior.

JPMorgan, Goldman, Wells Fargo and Citigroup reported third-quarter results, kicking off a mixed Wall Street earnings season.

Follow live bank earnings coverage for JPMorgan, Wells Fargo, Goldman Sachs and Citigroup, with third-quarter results, calls and stock moves.

The results came after a turbulent quarter marked by the conflict in Iran, elevated oil prices and a global bond-market selloff, which affected dealmaking and trading activity across financial markets

JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup are all slated to report earnings for the third quarter, in that order, before Tuesday's opening bell. Investors will be looking closely for si