Stocks hit new record highs Friday after a tame inflation report set the stage for a possible rate cut at next week’s Fed meeting. With the government shutdown limiting other economic updates, all eyes were on today’s CPI data. Social Security recipients are set to receive a 2.8% COLA increase in 2026. In tech, AMD and Intel both rallied after IBM announced plans to use AMD chips for quantum computing. Intel’s earnings topped estimates, while Netflix stumbled on weaker-than-expected results.   Enjoy the quick read — and have a great weekend!

Markets & Economy: Dow rises 500 points to record on Friday’s after mild inflation data source:cnbc.com Social Security Administration announces 2026 COLA benefit increase of 2.8% source:cnbc.com AMD’s stock pops 7% on report IBM can use its chips for quantum computing source:cnbc.com Intel stock jumps as Q3 earnings beat expectations, AI drives chip demand source:www.yahoofinance.com Netflix stock falls after Q3 earnings miss estimates source:www.yahoofinance.com Auto Stocks Surge as Carmakers Navigate Policy Shifts with ‘Robust’ Sales source:www.cnbc.com Inherited IRAs have a key tax change for 2025. What to know to avoid a penalty of up to 25% source:cnbc.com