Quick Read - Social Security back pay is taxed entirely in the year received, and Medicare's two-year lookback locks in higher premiums before a warning arrives. - A married couple where both spouses cross one IRMAA tier can face roughly $2,300 in extra annual Medicare costs...</
Current administration exceeds traditional presidential market cycle The Trump administration is significantly outperforming the traditional historical presidential market cycle. This outperformance is noted by Bank of America strategists in a recent analysis.
Volume in politics and economics-related prediction trades has plummeted as sports and parlay-style wagers dominate platforms like Polymarket and Kalshi. Prediction markets have shifted sharply toward entertainment-driven trading since early 2024, with sports and parlay-st
A High Court ruling bars Nord Stream AG from recovering insurance payouts after pipeline sabotage, citing standard war-risk clauses. A UK High Court judge ruled against Nord Stream AG’s bid to recover $662 million in insurance claims for the 2022 sabotage of its gas pipeli
Rising hostilities between Washington and Tehran may disrupt global oil stockpiles after prices fell $31 in June to $68 a barrel. The International Energy Agency warned that renewed U.S.-Iran conflict could derail its forecast for an oil market surplus next year. Despite r
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday The black gold has come under p
Tehran’s control over the critical oil chokepoint disrupts global shipping as negotiations with Washington stall. Iran has effectively closed the Strait of Hormuz, halting maritime traffic amid escalating tensions with the US. The move follows recent US military actions an
Katayama avoids commenting on bond yields but underscores fiscal sustainability as the ruling party revises economic plans. Japan’s Finance Minister Shunichi Katayama declined to comment on specific bond yield levels, maintaining the government’s traditional distance from
The bank updates policies after regulators charged a Google employee for allegedly profiting $1.2 million using nonpublic data. Goldman Sachs has prohibited employees from trading prediction market contracts tied to the bank, elections, financial markets, and geopolitical
Control over advanced computing resources is poised to shape global economic dominance in the AI era, analysts say. The next major geopolitical conflict will center on control of artificial intelligence infrastructure, mirroring past struggles over coal, oil, and semicondu
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