The Special Minimum Benefit, created in 1972, helps low-wage workers with long careers get higher Social Security payments based on years of coverage rather than lifetime earnings. For 2026, it pays up to about $1,124 monthly for 30 qualifying years, which can add roughly $144 more per month compared to the standard formula for some retirees. However, this benefit is becoming rare because it is not wage-indexed and is less favorable for workers turning 62 after 2023. Those eligible before 2024 should check their records and ensure they receive the higher benefit, as it can significantly impact retirement income for workers without other savings or pensions.
Last week, several large-cap stocks surged following better-than-expected earnings and optimistic future guidance. Dell Technologies jumped 57% after reporting strong Q1 results and raising its FY27 outlook. Snowflake rose 52.33% after beating Q1 est...
Major tech companies including Dell, IBM, Meta, and Salesforce reported better-than-expected Q1 earnings, driven by strong demand for AI and cloud services. Dell secured a $9.7 billion Pentagon deal, while IBM launched a $5 billion AI security initia...
Last week, ten large-cap stocks experienced significant declines, led by Zscaler which dropped over 20% after reporting weaker-than-expected Q3 results and cautious Q4 sales guidance. Other notable losers included Cerebras Systems, Boston Scientific,...
Immunocore announced updated Phase 1/2 data for brenetafusp in heavily pretreated advanced melanoma patients, showing a 6-month overall survival rate of 87% and a disease control rate of 52%. The 160 mcg dose demonstrated better clinical outcomes and...
Apple's stock surged 15% in May, driven by optimism around its future in AI, particularly the potential of 'agentic smartphones.' Bank of America raised Apple's price target to $380, highlighting this AI opportunity as a key growth driver. Meanwhile,...
