Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."Technologyread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Social Security benefits for nearly 58 million people will rise only 1.5 percent next year, among the smallest increase since automatic adjustments were adopted in 1975, the government announced Wednesday.
The cost-of-living adjustment, or COLA, is based on a government measure of inflation that was released Wednesday.
(Read more: Consumer prices mild in Sept, giving Fed free rein)
The increase was small because consumer prices, as measured by the government, haven't gone up much in the past year.
The COLA affects benefits for more than one-fifth of the country, including millions of disabled veterans, federal retirees and people who get Supplemental Security Income, the disability program for the poor.
Social Security pays the average retired worker $1,272 a month. A 1.5 percent raise would come to about $19.
In some years, part of that raise would be erased by an increase in Medicare Part B premiums, which are deducted automatically from Social Security payments. But Medicare announced Monday that Part B premiums, which cover doctor visits, will stay the same in 2014, at $104.90 a month for most seniors.
The COLA announcement had been scheduled for two weeks ago. It was delayed because the Bureau of Labor Statistics did not issue the inflation report for September during the partial government shutdown.
(Read more: Most Americans delay retirement plans)
Since 1975, annual Social Security raises have averaged 4.1 percent. Only six times have they been less than 2 percent, including three of the past five years. This year's increase was 1.7 percent. There was no COLA in 2010 or 2011 because inflation was too low.
By law, the cost-of-living adjustment is based on the consumer price index for urban wage earners and clerical workers, a broad measure of consumer prices generated by the Bureau of Labor Statistics. It measures price changes for food, housing, clothing, transportation, energy, medical care, recreation and education.
The COLA is calculated by comparing consumer prices in July, August and September each year to prices in the same three months from the previous year. If prices go up over the course of the year, benefits go up, starting with payments delivered in January.
(Read more: Retirement roulette is thenew American normal)
Gasoline prices are down 2.4 percent from a year ago, while food prices are up slightly, according to the August inflation report. Housing costs, meanwhile, went up 2.3 percent, and utilities increased by 3.2 percent.
Medical costs went up less than in previous years but still outpaced some other consumer prices, rising 2.5 percent.
—By The Associated Press.