The Daily

Do billionaires qualify for Social Security benefits? The short answer is yes. Under the current law, an individual’s wealth or current income level has no impact on their eligibility to receive a Social Security retirement benefit. In other words, even if you have $10 billion in assets, you could qualify for Social Security as long as you meet the requirements.

 » Read more about: Do Billionaires Still Collect Social Security? The Answer Might Surprise You.  »

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Markets are muted in their reaction to the weekend strikes on Iranian nuclear facilities by US bombers, but a top bank is eyeing one scenario that would produce a massive spike in oil prices.

Analysts with JPMorgan’s global commodities research team said markets are pricing in a 21% chance that the conflict between Israel and Iran could disrupt energy production in the Persian Gulf,

 » Read more about: JPMorgan lays out a worst-case scenario for Israel-Iran that could send oil prices spiking 75%  »

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The Securities and Exchange Board of India (SEBI) has issued a circular to clarify the application of rebalancing rules for passive breaches in actively managed mutual fund schemes. These breaches occur when a fund’s investments exceed allowed limits due to factors beyond the control of fund managers, such as price fluctuations or large redemptions.

 » Read more about: SEBI mandates uniform rules for passive breaches in mutual funds  »

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The widely held belief that lower expense ratios automatically translate into higher returns in equity mutual funds does not hold true for active funds, according to Niranjan Avasthi, Senior Vice President, Edelweiss Mutual Funds.

“‘Low Expense = High Returns’ is a myth in active equity funds,” Avasthi said in a post on X.

 » Read more about: Mutual funds: 'Lower fees don’t always mean higher returns in active funds', says Niranjan Avasthi of Edelweiss MF  »

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