President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Retirees who want to know how much their Social Security cost-of-living adjustment will change their benefits should check their online statements come December.
The Social Security Administration unveiled its cost-of-living adjustment, or COLA, for 2018 earlier this month. The 2 percent increase for next year marks a significant jump over last year, which was just 0.3 percent, and the biggest change since 2012, when older Americans saw a 3.6 percent raise.
More information on how the COLA will affect individual benefits will be available in December,. The actual changes will be in checks starting in January, according to a Social Security Administration spokesman. The average monthly benefit is expected to increase by $25.
Medicare premiums could offset that increase for about 70 percent of retirees, according to The Senior Citizens League. A "hold harmless" provision protects certain retirees from having their Social Security benefits reduced by an increase in Medicare premiums. That's because covering the cost of any Medicare increases can wipe out any boost from Social Security.
All workers can benefit from checking their benefits online, even if they have not started collecting and have plenty of time before they do so.
The statements provide payment estimates based on the age you start taking benefits. Online profiles also include your earnings record.
The Social Security Administration recommends that individuals check these records annually to make sure their earnings history is correct. If it needs to be adjusted, you are encouraged to submit records including a W-2 form, tax return and other documents verifying your wages and place of employment. The agency will then work to verify and correct the information.
To view your statement online or to create an account, visit SocialSecurity.gov/reviewyourstatement.
The system will prompt you to verify your identity in two ways: your username and password and a security code sent to you via text message or email. The new verification process was added in June to better protect accounts from fraud or unauthorized access, according to the Social Security Administration.
The agency mails statements to those who are 60 yearsold and above and who do not have an online account.
Those who establish an account online should receive an annual email to check their record around the time of their birthday.
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