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Social Security Benefits Face 22% Cut by 2032 Without Congressional Action
Social Security trust fund projected to deplete by 2032, triggering a 22% automatic benefit cut unless Congress passes reform. Three main proposals being debated.
AFCA Ignores Wills on Charity Gifts: Study Finds Only 11% Follow Testator Intent
AFCA distributed superannuation according to wills in only 11.2% of cases examined, blocking charitable bequests. New research calls for law reform to protect testator intent.
Daniel Mulino Overhauls Super Rules: ATO Gets Veto Power on SMSF Transfers
Assistant Treasurer Daniel Mulino unveils major superannuation reforms including ATO veto power on SMSF transfers, new knowledge requirements, and disclosure rules to protect retirees from switching scams.
Walmart, Target Face 15-Item Self-Checkout Limits in New US Rules
Walmart and other retailers face new self-checkout rules: 15-item limits, mandatory staffing requirements, and lane caps. West Hollywood, New York, Ohio, and Rhode Island are cracking down on theft.
Corus Entertainment Cuts More Jobs at Global News and Radio on August 21
Corus Entertainment confirms fresh layoffs at Global B.C., Global National, News 640, and talk radio. Q3 revenue fell 16% and the company posted a $36.5M net loss.
OpenAI’s iMessage Plugin Raises Privacy Stakes for Apple on August 21
OpenAI rolled out an Apple Messages plugin for ChatGPT on Mac that can read, search, and send texts. The feature raises privacy questions despite local processing claims and default approval gates.
European Stocks Post Worst Week Since July: Stoxx 600 Drops 1.14% as Oil Surge and Bond Yields Bite
European Stocks closed a rough week on August 21, 2026, with the Stoxx 600 down 1.14%, its steepest five-day slide since July 6. Rising Brent crude prices and surging bond yields drove the sell-off. Germany’s 10-year Bund yield hit 3.22%, its highest level since 2011, while Brent crude touched $93.56 a barrel on Thursday. Tech…
Stock Market Close: Sensex Ends Flat at 77,540, Nifty Holds 24,200 as Bank Gains Offset IT and Auto Drag
Sensex closed nearly flat at 77,540 on Friday, up marginally from the previous close of 77,537.72. The Nifty50 held near 24,235, against Thursday’s close of 24,231.85. Banking and financial stocks like HDFC Life and Power Grid cushioned the index, while IT, FMCG, and auto shares dragged. The muted session reflected cautious global cues as Brent…
JBM Auto (JBMA) Share Price Jumps 10% to ₹685 on ₹2,850 Crore Bain Capital Deal Buzz
JBM Auto shares jumped nearly 10% to ₹685 on August 21, 2026, after reports that Bain Capital is considering an investment of up to ₹2,850 crore in the company’s electric vehicle business. The potential deal has brought JBM Auto’s share price back into focus, while heavy trading volume added to the day’s move. Talks are…