In the United States, eligible individuals can begin receiving Social Security retirement benefits after they turn 62, with the program providing vital financial support to over 50 million people every month.
The size of a recipient’s monthly payments depends on their work history, employment status and personal circumstances.
Oil Falls After Trump Strikes Deal With Russia on Diesel Supply
Oil prices fell after President Trump said his administration reached an agreement for Russia to supply large amounts of diesel to the U.S. and global markets.
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Iran-Backed Militants Are Tightening the Screws on Saudi Arabia’s Crown Prince
Mohammed bin Salman is now caught by an economy weakened by heavy spending and miscalculations of the Houthi threat.
This has been a year highlighted by a changing of the guard. Longtime CEOs Warren Buffett and Tim Cook handed over the keys to their respective successors, and President Donald Trump’s Fed chair nominee, Kevin Warsh, became only the 17th head of the central bank on May 22.
Despite these changes, Wall Street’s preeminent stock indexes,
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US stock futures rose on Monday morning as investors geared up for big bank earnings on Tuesday and watched energy markets for geopolitical developments.
Futures on the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) rose 0.2%,
US stocks are set for a cautious open, with sentiment pulled in two directions by inflation worries and weakening consumers. The dominant driver today is the jump in US inflation expectations that clashes with a sharp slide in confidence.
Indian mutual funds are set to sell more government bonds after offloading $4.5 billion since July, four fund managers said, as the central bank’s policy shift raised expectations of a longer, steeper rate-tightening cycle.
The Reserve Bank of India raised rates for the first time in nearly four years and signalled further increases as inflation rises.
» Read more about: Mutual funds set to sell more government bonds after RBI rate hike »
Equity mutual fund schemes attracted net inflows of ₹38,306.55 crore in September, up nearly 31% from ₹29,328.62 crore in August, even as equity markets corrected and foreign portfolio investors (FPIs) resumed selling. However, heavy outflows from debt funds pushed the mutual fund industry’s overall net flows into negative territory.
According to data released by the Association of Mutual Funds in India (AMFI),
Equity mutual fund schemes attracted a net inflow of ₹38,306 crore in September, rising 31 per cent from the preceding month, driven by strong investor interest in mid-cap and small-cap funds despite underperformance in the equity market.
The inflow was higher than ₹29,329 crore recorded in August, according to data released by the Association of Mutual Funds in India (AMFI) on Monday.
» Read more about: Equity mutual funds inflow surges 31% to ₹38,306 crore in September »
Melius Research upgraded Microsoft to buy, based on its cybersecurity offering for AI agents.
Goldman Sachs upgraded Palantir to buy, citing demand from companies that want control over their AI data.
TD Cowen upgraded Marvell to buy on its AI data center connectivity business,
» Read more about: 3 Tech Stocks Wall Street Upgraded Last Week, and the One I'd Buy First »