Author: Press Room

Kathrin Ziegler | Digitalvision | Getty ImagesAs inflation has kept prices high in 2022, Social Security beneficiaries may look forward to a record high cost-of-living adjustment in 2023.”Your Social Security benefits will increase by 8.7% in 2023 because of a rise in cost of living,” the Social Security Administration states in the annual statements it is currently sending to beneficiaries.The 8.7% increase will be the highest in 40 years. It is also a significant bump from the 5.9% cost-of-living increase beneficiaries saw in 2022.The increase is “kind of a double-edged sword,” according to Jim Blair, a former Social Security administrator…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN  —  The Federal Reserve is all but guaranteed to announce Wednesday that it will once again raise interest rates. But investors are hopeful it will be a smaller increase than the last four hikes. Traders are betting on just a half-point increase. Federal funds futures on the Chicago Mercantile Exchange show an 80% probability of a half-point hike. The Fed bumped up rates by three-quarters of a percentage point in the past four meetings (June,…

TAIPEI: Taiwan’s premier on Sunday (Dec 11) accused China of violating international trade rules and “discriminating” against the island after it halted more Taiwanese imports. According to Taiwan’s finance ministry, Chinese customs authorities “suddenly suspended” imports of certain alcoholic beverages from the island on Friday. It said the move was related to a regulation Beijing imposed on Jan 1 that requires all food and alcoholic beverage exporters to the mainland to be registered with Chinese customs. Some Taiwanese companies had still been under review. Premier Su Tseng-chang accused Beijing of violating World Trade Organization (WTO) norms by “making its own…

Nuclear energy is a key tool to reduce dependence on Russian oil and gas while also helping provide a cheaper alternative as Europe faces a heating crisis this winter, according to Sweden’s minister for foreign affairs. Tobias Billström, who assumed his role in October as minister of foreign affairs told Fox News Digital his government believes it needs “to step up when it comes to building more nuclear power” because Sweden is a small nation and needs “safe, clean, secure energy” that is “cheap.” “We want to see more nuclear reactors being built,” Billström said during an interview at the Aspen Security…

The writer is international policy director at Stanford University’s Cyber Policy CenterWhether they like it or not, technology companies can’t avoid making consequential decisions about geopolitics, conflict and war. Not only do they operate close to the frontline — at times they effectively mark it. Yet, astonishingly, there is no official mechanism for sharing information on threats and attacks involving corporate infrastructure between the governments of EU members or Nato countries and technology companies.Take, for example, Russia’s ongoing war in Ukraine. Not long after the invasion, Ukraine’s minister of digital transformation, Mykhailo Fedorov, reached out directly to Elon Musk on…

The former Virginia trooper accused of killing three members of a California family after “catfishing” their teenage relative drove to the state to visit a longtime girlfriend days before the triple homicide, a close friend of the ex-trooper said in an exclusive interview with NBC News.The friend, Tommy Gates, declined to identify the girlfriend but said the two had met online. He believed she was two to three years younger than Austin Edwards, 28. A home that Edwards recently purchased in Saltville, in southwestern Virginia, was intended for the two of them, he said.Edwards had been dating the woman for…

Alpine SkiingEngland lost 2-1 to France in the World Cup quarter-finals – but it seems Dave Ryding was expecting the pain as he only tuned in for 10 minutes before switching off to prepare for his slalom outing in Val d’Isère.00:00:41, 32 minutes ago Source: Euro Sports

Investors are pulling record levels of bitcoin from crypto exchanges as the collapse of Sam Bankman-Fried’s FTX stirs fears over the safety of their assets.FTX, once the darling of the crypto industry, filed for bankruptcy protection in mid-November after an $8bn hole emerged in its balance sheet. New chief executive John Ray described a lack of basic risk management and Bankman-Fried has admitted to poor internal controls. Its rapid descent has alarmed investors who keep and trade their assets on other centralised crypto exchanges, leading to record levels of withdrawals of bitcoin, the most widely-traded crypto token. FTX failed last…

In a bid to help tackle skyrocketing rents across the country, the government of Canada will be opening applications Monday for a one-time top-up as part of the Canada Housing Benefit (CHB) program — an initiative that would put $500 in the pockets of low-income renters. This comes amid an ongoing increase in renting costs. According to Rental.ca’s November 2022 Rent Report, the average October rent price across the country was $1,976 per month, which it said was an annual increase of 11.8 per cent.“I think the most important thing is to understand there are Canadians out there who are…

A handsome brown-and-black Spaniel mix is in the market for a new family.Eight-year-old Zeke is currently up for adoption at the Animal Rescue Fund (ARF) of the Hamptons in New York.The family that previously owned Zeke could no longer take care of the dog and surrendered him, ARF said — and from there, the dog found his way into ARF’s care.‘ACTIVE AND CUDDLY’ STAFFIE MIX IN LOS ANGELES READY TO FIND NEW FAMILY: HE’S ‘BEST OF BOTH WORLDS’The rescue group described Zeke to Fox News Digital as “friendly, smart and lovable.”Zeke walks “perfectly” on a leash, always looking back for…