The Social Security Administration's COLA, or cost-of-living adjustment, will be 2.8% in 2026, the agency said on Friday, with Social Security retirement benefits set to increase by about $56 per month on average starting in January. CNBC's Sharon Epperson explains what the change means for retirees. Read the full story: cnb.cx/4oEp1Qb Sign up for the Money 101 newsletter for more personal finance updates: cnb.cx/3HU95t9 | CNBC

The resumption of direct flights between Chinese mainland and India marks the latest progress in the earnest implementation of the important consensus reached between the leaders of the two countries during their meeting in Tianjin. It also represents a positive step toward facilitating friendly exchanges between the more than 2.8 billion people of China and India, the Chinese Foreign Ministry’s spokesperson Guo Jiakun said during a regular press conference on Tuesday, in response to a question