How the Social Security tax calculation worksThe Social Security payroll tax rate is 12.4%, with workers paying 6.2% through paycheck deductions. Employers pay the other 6.2%.For 2025, workers will pay 6.2% on earnings up to $176,100, for a maximum of $10,918.20, according to the Social Security Administration. Once workers reach…

Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month. The news In a note to clients Friday, analysts at Roth MKM said they are “incrementally cautious” on the Facebook…

Boeing and the families of the victims of two fatal 737 Max crashes more than five years ago will have to wait to see what punishment the company will face for its misdeeds that preceded the crashes. A federal judge on Friday pressed US Justice Department officials to justify the…

TomTom N.V. (OTCPK:TMOAF) Q3 2024 Earnings Conference Call October 11, 2024 7:00 AM ET Company Participants Freek Borst – IRHarold Goddijn – CEOTaco Titulaer – CFO Conference Call Participants Marc Hesselink – INGWim Gille – ABN ODDONikos Kolokotronis – Van Lanschot Kempen Operator Good day, ladies and gentlemen. Welcome to…

Israeli forces wounded two UN soldiers on Friday, the second consecutive day that peacekeepers have been hit as Israel continues it offensive against Hizbollah in southern Lebanon. The strikes on the Unifil force deployed along Israel and Lebanon’s de facto border have drawn international condemnation, and come 10 days after…

President Joe Biden and other leaders are warning that Congress will soon need to pass additional funding to fill the federal government’s rapidly dwindling disaster-relief coffers after two major hurricanes slammed into the Southeastern US. While officials have stressed that the federal government has enough funds to address immediate needs…

By Chris Farrell, Next Avenue Mention college and the conversation swiftly turns to student loans — with good reason. The current loan-based system to pay for postsecondary education is failing too many students, including a surprisingly large number of debtors nearing or in their retirement years. For one thing, $1.6…

The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported. Over the last 12 months, the index increased 2.4%, the lowest yearly increase since February 2021. A rise in food and…

AMD launched a new artificial intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs.The Instinct MI325X, as the chip is called, will start production before the end of 2024, AMD said Thursday during an event announcing the new product. If AMD’s…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 ‘s record close set Wednesday. Oil…