S. Daniel Abraham, Billionaire Founder of Slim-Fast, Dies at 100
He died on June 29, according to American Friends of Bar-Ilan University, on whose board he had served.
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What To Expect in Markets This Week: Earnings From Palantir, AMD, McDonald's and More
Key Takeaways Several key companies are slated to report earnings this week, including Palantir, AMD, McDonald's, Pfizer, Disney, and Uber. Investors will be watching for economic data releases on the U.S. trade deficit, productivity, consumer credit, and services-sector sentiment. San Francisco Federal Reserve President Mary Daly and St. Louis Fed President Alberto Musalem are among the Fed officials scheduled to deliver remarks this week brought a string of blockbuster corporate reports. Those will continue in the days ahead, with big tech companies and well-known consumer names set to publish their quarterly financial updates. AI data analyst firm Palantir, chipmaker Advanced Micro Devices, and ride-hailing app Uber Technologies lead the tech names set to report. McDonald's and Walt Disney are among the leading consumer companies on the calendar. Several noteworthy drugmakers are also scheduled to post earnings, including Novo Nordisk, Amgen, Pfizer, and Eli Lilly. Updated data on the U.S. trade deficit comes as tariffs are remaking the landscape of international trade, while factory orders could help show whether tariffs are helping spur a rise in domestic manufacturing so far. Trade weighed heavily on stocks to close out last week, with concerns about tariffs and the health of the job market pulling all three major indexes into the red after a generally strong July. Consumer credit data later in the week will provide insight into how much Americans are spending. Market watchers will also be following comments from Federal Reserve officials after last week's decision to keep interest rates unchanged. Read to the bottom for our calendar of key events—and one more thing. Earnings from Palantir, AMD, McDonald's, Pharma in the Spotlight Palantir Technologies' (PLTR) scheduled earnings report on Monday kicks off the week for investors as the firm continues to trade near record highs, lifted by optimism about AI spending trends. Advanced Micro Devices (AMD) is to report the following day, with analysts saying the chipmaker's MI350 series chips could be competitive with Nvidia products. Analysts are also high on Uber Technologies (UBER) ahead of its scheduled report on Wednesday. McDonald's (MCD) reportm on tap for Wednesday, is due as the burger chain has reported that traffic from middle-income households was down amid lagging consumer confidence. Disney's (DIS) scheduled report on the same day follows the entertainment giant lifting its full-year profit outlook in the prior quarter amid subscriber growth in its streaming services. Novo Nordisk's (NVO) expected Wednesday report comes after the Danish drugmaker lowered its full-year outlook amid declining sales of its weight-loss drugs Ozempic and Wegovy. Eli Lilly's (LLY) report set for Thursday follows cuts to its profit outlook in May against the backdrop of high research and development costs. Trade Data, Fed Speakers Highlight Economic Calendar U.S. trade deficit data, due Tuesday, will provide market watchers with more insight into how President Donald Trump's tariff policies are affecting international trade. The data comes as the gap between imports and exports is narrowing as the tariffs take hold. Areport on second-quarter productivity comes as market watchers look for the impact of AI on the workforce. Updated consumer credit data will be released as economists closely watch the health of the U.S. consumer. Meanwhile, investors will also be alert to weekly jobless claims on Thursday following last week's employment report. After two members of the Federal Open Market Committee (FOMC) voted last week to cut interest rates, investors will be tracking public comments from San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic, and St. Louis Fed President Alberto Musalem for more insight into what's next for the central bank. Quick Links: Recap Last Week's Trading | Read Investopedia's Latest News This Week's Calendar Monday, Aug. 4 Data to Watch: Factory orders (June) Key Earnings: Palantir, Vertex Pharmaceuticals (VRTX), Williams Cos. (WMB), Axon Enterprise (AXON) Tuesday, Aug. 5 U.S. trade deficit (June) Key Earnings: Advanced Micro Devices, Caterpillar (CAT), Amgen, Eaton Corp. (ETN), Arista Networks (ANET), Pfizer, BP (BP) More Data to Watch: S&P final U.S. services PMI (July), ISM services PMI (July) Wednesday, Aug. 6 Fed Representative Speaking: San Francisco Fed President Daly Key Earnings: Novo Nordisk, McDonald's, Walt Disney, Uber Technologies, Shopify (SHOP), Sony Group (SONY), Applovin (APP), DoorDash, Airbnb Thursday, Aug. 7 Initial jobless claims (Week ending Aug. 2) Fed Representative Speaking: Atlanta Fed President Bostic Key Earnings: Eli Lilly, Gilead Sciences (GILD), ConocoPhillips (COP), Constellation Energy (CEG), Motorola Solutions (MSI), Monster Beverage (MNST) More Data to Watch: U.S productivity (Q2), Wholesale inventories (June), Consumer credit (June) Friday, Aug. 8 Fed Representative Speaking: St. Louis Fed President Musalem One More Thing The cost of health care for retirees keeps climbing, but many people aren't planning accordingly or using resources available to cut these expenses. Investopedia's Elizabeth Guevara has more on that story here. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Senator Jason Esteves wants to be the next Democratic governor, and win Savannah's vote
Georgia Democratic Gubernatorial Candidate and Senator Jason Esteves arrived at Hotel Indigo at 3:30 p.m. on Saturday, Aug. 2 for an open meet-and-greet with a modest crowd of about 30 people. 'Democrats can win in Georgia,' said a lively Esteves to the room, which reciprocated with murmurs of approval. 'Democrats will win in Georgia.' In a state led by sitting Republican Governor Brian Kemp that swung back to red in the 2024 presidential election, in a country with a Republican-majority House and Senate, it's an optimistic battle cry on behalf of the Democratic Party. And 41-year-old Esteves himself is a relatively fresh face among two potential other Democratic candidates, including two-time state Representative Derrick Jackson and former Atlanta Mayor Keisha Lance Bottoms. But his strategy seems to be keeping his messaging simple, in a universal promise that may appeal to both sides of the aisle. 'We win by going across this state, not just in blue cities and blue counties, but red towns and red counties too,' he said. 'By talking to people about how we are going to keep and grow the money in their pocket.' Big promises for small businesses Esteves wears hats that may position him well to a variety of voters. He is a lawyer, business owner of an urgent care and two breakfast restaurants and a former middle school social science public school teacher. Still, his political stint has been a relatively recent endeavor as the state Democratic Party treasurer since 2019, and the District 35 Senator since 2023, representing Douglas and parts of Fulton County. Still, Esteves was confident enough to throw in the first Democratic chip for governor in April. And it appears that the new kid can also throw some punches. 'We deserve to have a governor that is going to invest as much in our small businesses as our governor today invests in a company like Hyundai,' said Esteves. Earlier in the day, Esteves spoke at a Black Business Expo panel in downtown Savannah. Whether the subject remained fresh on his mind, or he did intend to focus on it, small businesses owners were a cornerstone of his informal talk. 'He speaks the language,' said Brandon Campbell owner of B. Campbell, a custom suit company in Savannah since 2023. 'He doesn't just support mine, but any small business.' 'We don't get the back-end help or push the major companies get,' said Tajuan Brantley, owner of TB Fitness in Savannah for the past eight years. But listening to Esteves convinces Brantley that help will come. All paths lead to a fight in Washington Still, it's not just small business owners that Esteves hopes to win over. In response to a question about how to appeal to red counties, he boiled it down to three fairly lofty goals. 'When they meet me, and they see that I'm laser-focused on economic issues, laser focused on building a world-class healthcare system, a world-class education system, a lot of these folks have issues with that too,' he responded. 'We need a governor that's going to address the issues that have been plaguing Georgia for decades, long before Donald Trump was our president." Still, this doesn't mean he doesn't have a bone to pick with the current administration, and one of those bones is worth $119 million. Included in his promise to grow Georgians' pockets is seeing through the millions of dollars in federal aid for afflicted residents after Hurricane Helene that have still not been distributed nearly a year later—a frustration he expressed in an interview with Atlanta Journal Constitution podcast "Politically Georgia" in May. When asked how he might get back some of that federal money, 'we have to not be afraid to call out Washington, D.C. for what they're doing in Georgia,' Esteves said. The current "Republican governor is not saying a thing... I'm going to make sure that we have a governor that's going to fight the administration.' What Esteves wants for Savannah On Sunday, Aug. 3, Esteves will visit two local Savannah churches and attend another meet-and-greet at 4 p.m. at the The 5 Spot Sandfly at 7360 Skidaway Rd. If elected governor, Esteves' plans to ensure Savannah's residents can continue to live where they work. 'The coast has experienced significant growth, and it has beared the burden of keeping up with that growth,' said Esteves. Alleviating that burden means providing enough jobs that keep kids out of trouble, building infrastructure that can withstand flooding and climate change impacts, and providing affordable housing amid rapid development, he added. As for a nearby major developer's parking lot, he said he detests seeing license plates belonging nearly every other state but Georgia. 'We need a governor that's going to enforce the agreements that we have with Hyundai,' said Esteves, including those that promised hiring local contractors. 'Right now we have a governor that's putting business first instead of the people of the state.' The Georgia gubernatorial race will take place Nov. 3, 2026. The primary election for Governor of Georgia will take place on May 19, 2026. Jillian Magtoto covers climate change and the environment in coastal Georgia. You can reach her at jmagtoto@ This article originally appeared on Savannah Morning News: Democratic gubernatorial vandidate Senator Jason Esteves visits Savannah Solve the daily Crossword
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3 Social Security Changes Coming in January 2026: What You Need to Know.
Key Points Social Security beneficiaries will likely receive a "raise" in 2026. The Social Security full retirement age will officially be higher beginning next year. Workers could have to pay more Social Security taxes on their earnings in 2026, too. The $23,760 Social Security bonus most retirees completely overlook › Bob Dylan was 23 years old when he wrote "The Times They Are a-Changin'." Social Security was probably the last thing on his mind. Today, though, Dylan is 84. He has been eligible to receive Social Security benefits for years, and the title of his song from the 1960s applies to the popular federal program. Three Social Security changes are coming in January 2026. Here's what you (and perhaps Dylan) need to know. 1. A cost-of-living adjustment Probably the one change that every Social Security beneficiary looks forward to each year is the annual cost-of-living adjustment (COLA). The Social Security Administration will announce the 2026 COLA in mid-October of this year. It's theoretically possible that there won't be a COLA. That can happen if the average Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the third quarter of the current year is equal to or lower than the average CPI-W for the third quarter of the previous year. This has occurred three times since 2009. However, I think the chances of no COLA in 2026 are very low. The Senior Citizens League, a nonprofit organization that advocates for seniors, projects that next year's benefit increase will be 2.6% based on the latest data. This would be slightly above the 2.5% COLA received in 2025. 2. The full retirement age will officially be 67 One Social Security change next year that has been a while in the making is that the full retirement age (FRA) will officially be set at 67. For a long time, the FRA was 65. However, legislation passed in 1983 gradually increased the retirement age to 67 for anyone born in 1960 or later. As of the beginning of 2026, the period of gradual increases will be complete. Note, though, that the early retirement age will remain 62 for everyone. Also, the age for obtaining the maximum Social Security retirement benefit will still be 70. 3. Higher maximum taxable earnings Another likely Social Security change that could take effect in January is a higher limit on maximum taxable earnings. This change applies to working Americans rather than retirees. The maximum taxable earnings (also called the contribution and benefit base) is the maximum amount of annual earnings subject to FICA taxes used to fund Social Security. By the way, there is no maximum taxable earnings for the portion of FICA taxes that fund Medicare. Note that I used the word "likely" to describe this change. The maximum taxable earnings limit is set based on the national average wage index. It's possible that this index won't change from year to year. For example, the average wage index -- and therefore the maximum taxable earnings -- remained the same in 2009, 2010, and 2011, and in 2015 and 2016. However, I suspect the chances are greater than not that we'll see higher maximum taxable earnings next year. The limit is $176,100 for 2025. The latest projection is that the threshold will increase to $183,600 next year. One other key change that will affect many retirees One change that will be felt by many retirees isn't a Social Security change per se. The One, Big, Beautiful Bill narrowly passed by Congress and signed into law by President Donald Trump included a new additional standard deduction for Americans 65 and up. This deduction can be up to $6,000 for an individual taxpayer and up to $12,000 for married senior couples filing jointly. The White House said that 88% of seniors receiving Social Security retirement benefits won't have to pay taxes on their benefits as a result of this so-called "senior bonus." There are two caveats with this change, though. First, it's temporary. The senior bonus will only be available through 2028. Second, not everyone will receive the higher standard deduction. It begins to phase out for single filers with modified adjusted gross income (MAGI) of $75,000, and $150,000 for married couples filing jointly. Specifically, the $6,000 per-person tax deduction is reduced by 6 percent of the amount of MAGI that exceeds the income limits. Single filers with MAGI above $175,000 and married couples filing jointly with MAGI above $250,000 won't receive the senior bonus at all. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these Motley Fool has a disclosure policy. 3 Social Security Changes Coming in January 2026: What You Need to Know. was originally published by The Motley Fool
