Social Security’s trust funds are headed toward depletion, and without a fix from Congress, retirees will see steep payment cuts in less than a decade. The annual Social Security trustees’ report this week said the Old-Age and Survivors Insurance (OASI) trust fund is on track to reach insolvency in 2033, at which point benefits would be cut by 21%. If Social Security’s Disability Insurance trust fund were combined with the OASI fund, which would require a change in the law, the funds would be able to pay the total scheduled benefits until 2035. But if reforms are not implemented by…

Last updated: May 8, 2024 02:31 EDT | 2 min read LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect. In a Tuesday announcement, the exchange informed its users that new signups and advertisement postings for Monero trades would be disabled immediately. Furthermore, starting from May 14, the platform will no longer support trading of the privacy-focused cryptocurrency. LocalMonero Cites Internal and External FactorsWhile the company cited a combination of internal and external factors for its decision, it did not provide specific details regarding the reasons behind the closure.“After almost 7 years of operation, due to a combination of internal and external…

Nintendo has announced plans to reveal the successor to its Switch console by March 2025.The success of games like “The Legend of Zelda: Tears of the Kingdom” has prolonged the Switch’s lifespan, prompting anticipation for the next console.Predicting 13.5 million Switch unit sales this year, Nintendo aims to maximize sales of the current device. Japan’s Nintendo said on Tuesday it plans to make an announcement about the successor to its long-lasting Switch console during the financial year ending March 2025.Nintendo has extended the lifecycle of the Switch device with hit titles such as “The Legend of Zelda: Tears of the…

Stormy Daniels said that after Trump changed out of pajamas, they went to sit down at the dining table inside the hotel suite just to talk. She said it wasn’t dark outside yet, and he wanted to talk first before they went downstairs for dinner. “So I took a seat and we started talking,” Daniels said. Asked what they discussed, she said that he asked questions in an effort to get to know her like where she was from, where she grew up. “General get-to-know-you sort of things,” she said. Daniels said Trump was very interested in how she went…

Last updated: May 7, 2024 23:36 EDT | 1 min read Crypto market maker Wintermute is providing liquidity and supporting the newly launched Hong Kong spot Bitcoin and Ethereum exchange-traded funds (ETFs).In an announcement shared with CryptoNews, London-based Wintermute said it is providing liquidity to two Hong Kong licensed digital asset platforms; OSL Digital Securities and HashKey HK Exchange. Wintermute said both OSL Digital Securities and HashKey will be acting as sub-custodians and virtual asset trading platforms helping with the launch and operation of the Hong Kong-listed ETFs.“ETFs play a key role in bringing the next wave of investors into the…

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as…

With every red carpet—well, green in the case of the 2024 Met Gala—comes a flock of men in tuxedos. It feels like, for some, the more traditional and classic, the better. After all, what does a leading man wear? A tux! And there’s always a watch involved, and most likely a bow tie. And maybe, if they’re feeling really fancy, a white jacket paired with a black pair of pants.But not at the Met Gala. Luckily for us, last night’s Costume Institute benefit with its “The Garden of Time” dress code in honor of the new exhibition “Sleeping Beauties: Reawakening…

Vanderpump Rules Season 11 cast. Gizelle Hernandez/Bravo Ariana Madix‘s refusal to film with Tom Sandoval during the season 11 finale ultimately caused several of her Vanderpump Rules costars to turn on her. The Tuesday, May 7, episode showed how the rest of a cast trip played out as Ariana, 38, remained firm about keeping her distance from Sandoval, 41. Ariana’s decision was already getting criticized throughout the season — and the finale didn’t make it better. Later in the episode, one of Scheana Shay‘s many past conversations with Sandoval became the catalyst for Ariana breaking the fourth wall. After Scheana,…

A former U.S. Army soldier was convicted by a federal jury in Pensacola, Florida, on Monday in the decades-old killing of a pregnant soldier overseas.Shannon Wilkerson, 43, was found guilty of second-degree murder in the beating and strangling death of 19-year-old Pfc. Amanda Gonzales, the Department of Justice announced on Tuesday.The crime took place in her barracks room at Fliegerhorst Kaserne – a former Army base in Hanau, Germany – in November 2001.Her body was found on Nov. 5 after she didn’t show up to her job as a cook in the Headquarters Supply Company of the 127th Aviation Support…

TikTok and its corporate parent, ByteDance, filed a lawsuit in federal court Tuesday seeking to block a U.S. law mandating that the social media platform be sold to a company without ties to the Chinese Communist Party. President Biden signed a bipartisan bill ordering ByteDance to sell TikTok to an appropriate company by Jan. 19, 2025. The lawsuit argues that such a divestiture cannot happen, noting the Chinese government’s own demands relating to TikTok.The lawsuit argues that divestiture “is simply not possible: not commercially, not technologically, not legally. … There is no question: the Act will force a shutdown of…

RESEDA, LOS ANGELES () — Los Angeles police have released new video of a stolen Lamborghini fleeing officers at speeds over 100 mph before a violent crash that shredded the vehicle and killed the driver.The incident happened in the San Fernando Valley in the early morning hours of April 6.LAPD West Valley officers were on patrol around 5 a.m. when they pulled up alongside a gray 2019 Lamborghini Huracan. They noticed the driver was asleep at the wheel while stopped at the red light on Sherman Way at Reseda Boulevard.They pulled the driver over on Sherman Way and asked for…

@arianagrande @Vogue original sound – arianagrandeAt the close of the 2024 Met Gala, pop star Ariana Grande and Tony Award-winner Cynthia Erivo joined the stage together to perform a powerful rendition of When You Believe from the animated film The Prince of Egypt. Following the performance, Grande shared the video to her TikTok account.Their rendition of the Stephen Schwartz song is reminiscent of pop cover by Whitney Houston and Mariah Carey, which hit the charts in 1998 during the original release of the film. The two artists will be starring together in the upcoming film version of Schwartz’s Broadway musical Wicked. The first part will be released…

Known for its glitz, glamor and eccentricity, the Eurovision Song Contest will attract millions of viewers from across the globe when the grand final begins Saturday in Malmö, Sweden.    But a show that has become compulsory annual viewing for many has more humble beginnings as an attempt to heal the wounds of post-World War II Europe, while also achieving the technological marvel of beaming live television pictures into countries across the Continent. “This was really an experiment in the nascent technology of television,” historian Dean Vuletic told NBC News last month about the competition, which was first held in the picturesque Swiss…

“The People Call Stormy Daniels.” It was the moment that Donald Trump’s hush money trial — bogged down in recent days in dreary testimony about accounting — roared back to life on Tuesday. A former president — who could find himself back behind the Oval Office desk in January — came face-to-face for the first time in years with the adult film star whom he’s accused of silencing with a hush money payment. What came next was tawdry, compelling, and achingly embarrassing to Trump, who was forced to sit scowling as Daniels painted a detailed scene of a black-tiled hotel…

Last updated: May 8, 2024 00:43 EDT | 2 min read A new reorganization plan filed Tuesday night proposes that nearly all FTX account holders will be repaid in full for their claims. They may even receive additional cash on top of that amount.This unexpected windfall is possible because FTX said it recovered billions more dollars than initially anticipated to cover customer losses from its Nov. 2022 collapse.FTX revealed it amassed roughly $15b, primarily from selling venture capital investments made by the exchange and its affiliate Alameda Research. This amount is enough to fully repay nearly all creditors with claims…