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NASDAQ:PRDO 23 January 2026

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  • Social Security Trust Fund Faces 22% Benefit Cut by 2032 as Reserves Deplete Early
    June 9, 2026, 7:44 PM EDT. The Social Security retirement and survivor fund is projected to exhaust its reserves by late 2032, advancing the timeline for potential cuts from earlier estimates. Following reserve depletion, the fund will only cover about 78% of promised benefits through payroll tax inflows, risking a 22% reduction. This shift stems from demographic changes like lower birth rates and decreased immigration, along with revenue impacts from the 2025 tax law reducing Social Security benefit taxation. Medicare's hospital insurance faces depletion in 2033, while the disability fund remains solvent over 75 years. Officials urge Congressional action to secure the program's future. Advocates warn that without intervention, millions of retirees could face significant income losses.

Latest articles

Super Micro sinks after $7B AI server plan; dilution a risk

Super Micro sinks after $7B AI server plan; dilution a risk

10 June 2026
Super Micro Computer plans to raise $7 billion through equity and equity-linked financing to fund soaring AI server orders, sending shares down about 9% in after-hours trading as investors focused on dilution risk; the company reported $39 billion in recent AI server orders, but noted these are not firm commitments and cited ongoing legal and regulatory risks.
American Airlines Stock Rises on Google Fuel Deal, Market Watches for Fuel Shock

American Airlines Stock Rises on Google Fuel Deal, Market Watches for Fuel Shock

10 June 2026
American Airlines surged to $14.09, up 48.5 cents, after announcing a three-year sustainable aviation fuel deal with Google covering 35 million gallons, as investors focused on surging fuel costs that jumped 78% in April to $6.5 billion; the stock rose in line with airline peers amid a drop in crude prices, while American’s 2026 outlook remains pressured by higher fuel expenses and a narrowed profit forecast.
Nokia Drops 7% After Nvidia 6G Chatter Hits AI Stocks

Nokia Drops 7% After Nvidia 6G Chatter Hits AI Stocks

10 June 2026
Nokia shares plunged 6.99% to 11.970 euros in Helsinki after reports of Nvidia’s push into future mobile-network tech raised fears over Nokia’s AI-driven growth story, with investors questioning whether Nokia can maintain its edge as competition intensifies and its forward P/E more than doubles this year.
Social Security Risks 22% Cuts by 2032—Timing Moves Up

Social Security Risks 22% Cuts by 2032—Timing Moves Up

10 June 2026
Social Security’s retirement and survivor fund will run out of reserves in late 2032, forcing a 22% cut to benefits unless Congress acts, as lower fertility, weaker immigration, and reduced tax revenue from Trump’s 2025 law worsen the outlook, trustees warned Tuesday.
Casey’s climbs late as pizza and fuel beat Street

Casey’s climbs late as pizza and fuel beat Street

10 June 2026
Casey’s shares jumped nearly 3% after hours as the company smashed Wall Street’s profit and revenue forecasts, fueled by record earnings, strong pizza and fuel sales, a 14% dividend hike, and a $1 billion buyback expansion, making its S&P 500 debut a standout despite flat fuel volume guidance for 2027.
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