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The EUR/USD pair extended its losses in the second consecutive trading session, trading near 1.1510 during Asian hours on Monday. Despite a cautious tone from the European Central Bank (ECB), the Euro Zone's economic recovery remains under pressure.
The GBP/USD pair has struggled to capitalize on recent gains, with the pound sliding below 1.3100 amid a firmer US Dollar and growing concerns over UK budget stability.
President Trump is set to reveal details of his new health care plan aimed at curbing ACA premium costs, with key figures expected to unveil the 'Healthcare Price Cuts Act' at an early date. The proposal seeks to address the rising expenses of the Affordable Care Act, particularly affecting nearly 22 million Americans whose subsidies may expire soon. The announcement comes amid growing public support for extending tax credits and the potential for a separate bill enshrining the 'Most Favored Nation' drug pricing policy.
While middle-class incomes have increased, the cost of living and housing have skyrocketed, making it harder to maintain the same lifestyle as decades ago.
Singapore's stock market continued its downward trajectory on Friday, with the Straits Times Index falling nearly 1% following a series of sector-specific declines. The market's resilience is being tested as global markets remain uncertain amid mixed economic signals.
Understanding the implications of claiming Social Security at 62 is crucial for retirement planning. Early claims can lead to significant penalties, the earnings test may reduce benefits, and eligibility can be delayed based on birth month.