TECHNOLOGY

Money Moves: Tech Giants, Social Security Bumps, and a Chicken Recall

United StatesThu Oct 29 2026
Money Moves: Tech Giants, Social Security Bumps, and a Chicken Recall

Tech earnings are sending mixed signals right now. Robinhood missed profit targets in the third quarter even though trading revenue jumped nearly twenty percent. The drag came from crypto, where revenue got cut in half compared to last year. Microsoft told a different story. Its stock popped four percent after cloud sales surged almost fifty percent. Jim Cramer thinks the big players can handle the chaos but warns the recent AI rally might be getting ahead of itself.

Bond markets are looking interesting for anyone hunting yield. Rising Treasury rates pushed corporate bond yields higher, especially for top rated companies. The giants like Alphabet, Amazon, Meta, and Microsoft have been borrowing heavily to fund AI buildouts. Some pros say that debt load is significant but not dangerous. Meanwhile stock futures climbed Monday as chip shares rallied on news of an Anthropic IPO filing and oil prices slipped.

Millions of retirees just got word of a pay bump. Social Security benefits will rise three point six percent in 2027. That works out to roughly seventy five dollars more per month for the average recipient. Workers who claim benefits early will also see a higher earnings threshold before payments get reduced. The changes take effect next year and could mean nearly nine hundred dollars extra annually for some households.

A food safety alert is out for two types of Grace canned chicken sausages sold across five states. The USDA says the products were illegally imported from Jamaica, a country not approved to ship meat or poultry to the U.S. Shoppers are being told to check pantries and toss any matching cans. No illnesses have been reported yet but the risk prompted a public health warning.

Workers are feeling the speed of AI adoption. HR leaders from major firms say the pace creates whiplash for teams trying to keep up. Adaptation strategies are now a top agenda item at executive summits. Even fast food is shifting. KFC announced a drink menu overhaul that will change what comes with your combo meal.

actions