La chaîne d'options affiche les données clés des options sur actions de Babcock & Wilcox à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Babcock & Wilcox..

Babcock & Wilcox (NYSE:BW) Stock, Chaîne d'Options

Babcock & Wilcox

Babcock & Wilcox Enterprises Inc is a power generation equipment supplier and servicing company that operates in three segments: B&W Renewable, B&W Environmental, and B&W Thermal. B&W Thermal, focuses on steam generation products and solutions for plants in the power generation, oil, and gas, and industrial sectors, generates the majority of the company's revenue. B&W Renewable focuses on sustainable power and heat generation while B&W Environmental focuses on emissions control. The company's customer base spans the industrial, electrical utility, and municipal industries located predominantly in the United States, Canada, Denmark, the United Kingdom, and other regions. Business in the U.S. contributes the vast majority of its revenue.

Babcock & Wilcox Enterprises, Inc. Common Stock

Babcock & Wilcox Enterprises Inc

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Bridgewater Bancshares, Inc. - Depositary Shares, Each Representing a 1/100th Interest in a Share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series A

BOWEN COKING COAL LTD by BOWEN COKING COAL LTD.

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BW Energy Ltd

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The Baldwin Insurance Group, Inc. - Class A Common Stock

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BOARDWALKTECH SOFTWARE CP by Boardwalktech Software Corporation

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BW LPG Ltd

BW LPG Ltd ADR

Bowleven PLC

BROWNIE'S MARINE GRP INC by Brownie's Marine Group, Inc.

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BLACKROCK WRLD MNG TR by BlackRock World Mining Trust plc

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Betterware de Mexico SAPI de CV

BORROWMONEY.COM INC by BorrowMoney.com inc.

BorrowMoney.com Inc

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Babcock & Wilcox Enterprises, Inc. 6.50% Senior Notes due 2026

BAWANG INTL GRP HLDG LTD by Bawang Intl Group Holding Ltd.

BW Offshore Ltd

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Baader Bank Aktiengesellschaft

BLUE WATER PETROLEUM CP by Blue Water Petroleum Corp.

Blue Water Petroleum Corp

BALWIN PROPERTIES LTD by Balwin Properties Ltd.

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Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026

ETF Opportunities Trust Brendan Wood TopGun Index ETF

BOWLIN TRAVEL CENTERS INC by Bowlin Travel Centers, Inc.

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Bakken Water Transfer Services Inc

BLUE WATER VENTURES INC by Blue Water Ventures International, Inc.

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SPDR Bloomberg International Treasury Bond ETF

BWX Technologies Inc

BWX LIMITED ORD by BWX Limited

SPDR Bloomberg Short Term International Treasury Bond ETF

Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred Stock

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 1,100 points on Friday. Beijing unveiled a retaliatory 34% tariff on U.S. goods—mirroring the rate announced by President Donald Trump on Wednesday—deepening fears of a full-blown trade war.
The Dow traded down 4.03% to 38,909.97 while the NASDAQ fell 4.94% to 15,733.18. The S&amp;P 500 also fell, dropping, 4.79% to 5,138.01.
Check This Out: <a href="https://www.benzinga.com/25/04/44644881/top-3-financial-stocks-that-may-fall-off-a-cliff-in-april">Top 3 Financial Stocks That May Fall Off A Cliff In April</a>
Leading and Lagging Sectors Real estate shares fell by just 2.9% on Friday.
In trading on Friday, energy shares tumbled by 7.3%.
Top Headline
In March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. The outcome is well above the three-month average of 195,000 and topped economists&#8217; forecasts of 135,000. February's employment growth was downwardly revised to 117,000.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>XChange TEC.INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares shot up 7% to $0.7943. XChange TEC.INC announced the acquisition of a Hong Kong-based insurance brokerage firm licensed by the Hong Kong Insurance Authority.</li>
<li>Shares of Simulations Plus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>)got a boost, surging 6% to $25.13 as the company posted stronger-than-expected results for its second quarter and issued upbeat FY25 earnings forecast.</li>
<li>USA Rare Earth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAR#NASDAQ">USAR</a>) shares were also up, gaining 15% to $7.46.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NeuroOne Medical Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMTC#NASDAQ">NMTC</a>) shares dropped 44% to $0.4852 following its $8 million stock offering.</li>
<li>Shares of Sandisk Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>) were down 23% to $29.39.</li>
<li>Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) was down, falling 21% to $29.06.</li>
</ul>
Commodities In commodity news, oil traded down 7.6% to $61.88 while gold traded down 2.3% at $3,049.80.
Silver traded down 6.9% to $29.77 on Friday, while copper fell 8.1% to $4.4360.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 5.12%, Germany's DAX 40 dipped 4.95% and France's CAC 40 fell 4.26%. Spain's IBEX 35 Index fell 5.83%, while London's FTSE 100 dipped 4.95%.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei 225 dipping 2.75% and India's BSE Sensex falling 1.22%.
Economics
<ul>
<li>In March, nonfarm payrolls surged by 228,000, the Bureau of Labor Statistics reported Friday. The outcome is well above the three-month average of 195,000 and topped economists&#8217; forecasts of 135,000. February's employment growth was downwardly revised to 117,000.</li>
<li>The unemployment rate unexpectedly inched higher from 4.1% to 4.2%, defying expectations for no change.</li>
<li>Average hourly earnings increased 0.3% from February&#8217;s pace, as predicted, and rose 3.8% year-over-year, marginally lower than the 3.9% predicted.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44645517/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-4-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 4% Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

Earnings

Equities

News

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

NMTC

SNDK

USAR

Nasdaq Dips 5%; NeuroOne Medical Technologies Shares Plummet

Analyst Ratings

Live On CNBC, Jim Lebenthal Announces Sold UnitedHealth Group

Macro Economic Events

WIIM

Economics

Oil is trading lower after OPEC+ producers accelerated output hikes. Additionally, President Trump's recent tariff announcements and China's retaliatory tariffs on the US have driven further demand uncertainty.

Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) will release its fourth-quarter financial results after the <a href="https://www.benzinga.com/quote/play/earnings">closing bell on Monday, April 7.</a>
Analysts expect the Coppell, Texas-based company to report quarterly earnings at 71 cents per share, down from $1.03 per share in the year-ago period. Dave &amp; Buster&#8217;s projects quarterly revenue of $550.37 million, compared to $599.1 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 4, Dave &amp; Buster&#8217;s Entertainment promoted Cory Hatton to the position of Head of Entertainment Finance, Investor Relations &amp; Treasurer.
Dave &amp; Buster&#8217;s shares fell 8.1% to close at $17.00 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PLAY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Truist Securities analyst Jake Bartlett maintained a Hold rating and slashed the price target from $27 to $21 on April 2, 2025. This analyst has an accuracy rate of 72%.</li>
<li>BMO Capital analyst Andrew Strelzik maintained an Outperform rating and cut the price target from $51 to $47 on Dec. 11, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Benchmark analyst Mike Hickey initiated coverage on the stock with a Hold rating on Oct. 7, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Piper Sandler analyst Nicole Miller Regan downgraded the stock from Overweight to Neutral and raised the price target from $50 to $71 on April 4, 2024. This analyst has an accuracy rate of 75%.</li>
</ul>
Considering buying PLAY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="646" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04032417/image-1-11-1024x646.png" alt="" class="wp-image-856988" style="width:455px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04032417/image-1-11-1024x646.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04032417/image-1-11-300x189.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04032417/image-1-11-768x484.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04032417/image-1-11.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:
<ul>
<li> <a href="https://www.benzinga.com/25/04/44626468/top-3-risk-off-stocks-that-are-ticking-portfolio-bombs">Top 3 Risk Off Stocks That Are Ticking Portfolio Bombs</a> </li>
</ul>
Photo via Shutterstock

Price Target

PLAY

Dave & Buster's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Oppenheimer analyst Scott Schneeberger maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Outperform and lowers the price target from $176 to $142.

Oppenheimer Maintains Outperform on XPO, Lowers Price Target to $142

BMO Capital analyst Keith Bachman maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform and lowers the price target from $1185 to $990.

BMO Capital Maintains Outperform on ServiceNow, Lowers Price Target to $990

<a href="https://x.com/selinawangtv/status/1908199653545250986" title="https://x.com/selinawangtv/status/1908199653545250986">https://x.com/selinawangtv/status/1908199653545250986</a>

Politics

General

'Walmart is actively considering joining a group of investors to buy TikTok, sources close to the deal tell me, who say Walmart's interest was triggered by Amazon throwing their hat into the ring. Walmart was interested in buying TikTok back in 2020' -ABC Reporter On Twitter

Movers

NDAQ

Live On CNBC: Josh Brown Sells Nasdaq

AMZN

UBER

Live On CNBC: Josh Brown Buys More Amazon, Uber, Chevron

BMO Capital analyst John Kim upgrades Center (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSR#NYSE">CSR</a>) from Market Perform to Outperform and maintains the price target from $77 to $77.

Upgrades

BMO Capital Upgrades Center to Outperform, Maintains Price Target to $77

Live On CNBC: Josh Brown Buys Rocket Companies

Alnylam Pharmaceuticals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NYSE">ALNY</a>) short percent of float has risen 17.65% since its last report. The company recently reported that it has 2.54 million shares sold short, which is 2.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Alnylam Pharmaceuticals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743785125_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Alnylam Pharmaceuticals has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Alnylam Pharmaceuticals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Alnylam Pharmaceuticals's peer group average for short interest as a percentage of float is 6.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

ALNY

Is Alnylam Pharmaceuticals Gaining or Losing Market Support?

Plains GP Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NYSE">PAGP</a>) short percent of float has fallen 4.77% since its last report. The company recently reported that it has 8.05 million shares sold short, which is 4.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Plains GP Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743785120_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains GP Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plains GP Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Plains GP Holdings's peer group average for short interest as a percentage of float is 4.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

PAGP

Looking Into Plains GP Holdings's Recent Short Interest

Air Products &amp; Chemicals's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) short percent of float has fallen 10.75% since its last report. The company recently reported that it has 4.24 million shares sold short, which is 1.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Air Products &amp; Chemicals Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743785114_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Air Products &amp; Chemicals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Air Products &amp; Chemicals's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Air Products &amp; Chemicals's peer group average for short interest as a percentage of float is 4.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Is Air Products & Chemicals Gaining or Losing Market Support?

BMO Capital analyst John Kim downgrades AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) from Outperform to Market Perform and announces $220 price target.

Downgrades

BMO Capital Downgrades AvalonBay Communities to Market Perform, Announces $220 Price Target

BMO Capital analyst Juan Sanabria upgrades Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) from Market Perform to Outperform and announces $78 price target.

BMO Capital Upgrades Equity Lifestyle Props to Outperform, Announces $78 Price Target

ABTS

ADBE

ADSK

ALKT

ASAN

AVPT

BILL

BRZE

BTBT

BTDR

BTOG

CFLT

CIFR

CRWD

CVLT

CYBR

DDOG

DOCU

ESTC

FROG

FRSH

FTNT

GTLB

HUBS

INTA

INTU

KVYO

NCNO

ORCL

PANW

PATH

PEGA

QTWO

QUBT

RBRK

SEMR

SOUN

WDAY

Shares of software companies are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs

<a href="https://techcrunch.com/2025/04/04/microsofts-copilot-can-now-browse-the-web-and-perform-actions-for-you/" title="https://techcrunch.com/2025/04/04/microsofts-copilot-can-now-browse-the-web-and-perform-actions-for-you/">https://techcrunch.com/2025/04/04/microsofts-copilot-can-now-browse-the-web-and-perform-actions-for-you/</a>

MSFT

'Microsoft's Copilot Can Now Browse The Web And Perform Actions For You' - TechCrunch

The <a href="https://www.benzinga.com/personal-finance/25/04/44585316/social-security-administration-relaxes-id-verification-rules-after-backlash-from-lawmakers-and-advocates">Social Security Administration</a> is facing a potential overhaul of its computer systems, one that could disrupt the benefits of millions of Americans who rely on these payments. The Department of Government Efficiency aims to migrate the SSA's infrastructure away from its decades-old COBOL programming language in just a few months. Experts warn that such an aggressive timeline could jeopardize the very system that supports the financial well-being of millions of people.
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<li><a href="https://www.benzinga.com/money/arrived-private-credit-fund">Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom</a></li>
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<h2 class="wp-block-heading">What is DOGE&#8217;s Plan?</h2>
<a href="https://www.benzinga.com/25/03/44549941/elon-musk-to-visit-cia-for-government-efficiency-talks-after-department-of-defense">DOGE</a> has outlined a proposal to replace the core programming of the SSA, which has been running on COBOL—a language created in the late 1950s. According to <a href="https://www.wired.com/story/doge-rebuild-social-security-administration-cobol-benefits/">WIRED</a>, DOGE's team is pushing to complete this transition in just a matter of months. This proposal is raising red flags across the tech community. Modernizing such a massive system is already a monumental task, but attempting to do so in such a compressed timeframe could lead to costly errors.
<h2 class="wp-block-heading">The Role of COBOL</h2>
Many critics of the SSA's infrastructure point to its reliance on <a href="https://www.benzinga.com/personal-finance/25/03/44292349/if-i-were-a-beneficiary-id-be-setting-aside-some-money-right-now-former-ssa-commissioner-warns-t">COBOL</a>, which, despite its age, remains a workhorse for many financial systems. According to <a href="https://www.reuters.com/graphics/USA-BANKS-COBOL/010040KH18J/">Reuters</a>, COBOL is still widely used to process 95% of ATM transactions worldwide. The programming language&#8217;s longevity is a testament to its stability and efficiency, particularly when handling large datasets, such as those needed to calculate and distribute Social Security benefits.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
The SSA has relied on COBOL since its creation. In 2023, the SSA distributed over $1.3 trillion in benefits to 70 million beneficiaries, showing the system&#8217;s continued ability to process payments on a large scale. Critics are concerned that replacing COBOL with a new programming language, such as Java, could pose significant risks with changes that may go unnoticed in the rush to complete the migration.
<h2 class="wp-block-heading">Potential for Disaster</h2>
One of the most pressing concerns is the possibility of payment errors or system outages. The SSA handles an enormous volume of financial transactions each year—840 million to be exact. Small discrepancies in calculations could result in catastrophic errors. A former SSA technologist told WIRED that COBOL processes decimal values differently than newer languages like Java, meaning that even a minor error could lead to incorrect payments for recipients, further straining an already complicated system.
Waldo Jaquith, a former government technologist, <a href="https://www.msnbc.com/opinion/msnbc-opinion/doge-social-security-plan-fail-code-rcna198866">wrote</a> in an opinion piece for MSNBC that even if the migration is technically successful, there's no guarantee that it will improve the SSA's operations. He wrote that the system is already working well enough for its intended purpose, and replacing it with a newer infrastructure may not provide any tangible benefits to the public. Some argue that the push to modernize is driven more by the desire for a flashy accomplishment than by a genuine need to improve the system.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
<h2 class="wp-block-heading">A Race Against Time</h2>
Experts agree that migrating such a complex system, especially in a matter of months, is fraught with danger. Jaquith compared the process to "a high-wire act without a net." The potential risks of creating unintentional failures are significant, and if DOGE's team moves forward with the project, it could put the benefits of millions of Americans in jeopardy.
Despite these warnings, DOGE seems undeterred. WIRED reports that the group has already begun recruiting a team, which includes engineers with little experience in government systems. As the migration moves forward, the question remains: Can they pull it off in time, or will they risk destabilizing a critical part of the nation's social safety net?
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