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OBR Warns UK Debt Could Hit 300% of GDP by 2076 Without Action
OBR warns UK debt could triple to 300% of GDP without fiscal action. Government needs £120bn in tax rises or spending cuts equivalent to entire education budget by 2031-32.
Mahesh Muralidhar Pai Set to Head South Indian Bank Following RBI Clearance
Mahesh Muralidhar Pai will become South Indian Bank’s next Managing Director and CEO. The Reserve Bank of India approved his appointment through a letter dated July 7, 2026. Pai’s three-year term begins on October 1, 2026, succeeding outgoing CEO P R Seshadri. He currently serves as Chief General Manager at Canara Bank, leading digital banking…
IRS COVID Tax Portal Now Live: File Your Kwong Refund Claim Before Friday
The IRS COVID tax refund window is closing fast for certain taxpayers. On July 7, 2026, the IRS launched an online option for Form 843 claims tied to Kwong v. United States. This new IRS COVID tax portal lets individuals file protective refund claims electronically. The catch: most taxpayers must act before July 10, 2026….
Sam’s Club Summer Sale: Walmart Reduces Prices on More Than 1,000 Items
Sam’s Club and Walmart announced sweeping summer price cuts on July 6, 2026. The Bentonville, Arkansas-based retailer slashed prices on more than 1,000 items. Shoppers will see savings across groceries, household essentials, outdoor living, toys, and apparel. The move covers stores and clubs nationwide, including online and app orders. Sam’s Club, a Walmart Inc. (Nasdaq:…
SpaceX Shares Fall 2.3% Ahead of Nasdaq 100 Entry as Morgan Stanley Sets $300 Price Target
SpaceX shares slipped about 2.3% on July 7, 2026, as investors looked ahead to the company’s upcoming addition to the Nasdaq 100. The decline came even after Morgan Stanley initiated coverage with a $300 price target, reflecting confidence in the company’s long-term growth. Some investors chose to lock in gains before the index inclusion, while…
Micron Technology Inc (NASDAQ: MU) Stock Gains 0.94% as AI Infrastructure Drives Memory Market Growth
Micron Technology Inc closed higher after its stock rose 0.94%, as investors continued to focus on companies supplying memory products for artificial intelligence systems. The expansion of AI data centers is driving higher demand for advanced memory, giving Micron Technology Inc added exposure to one of the fastest-growing areas in technology infrastructure. The latest move…
Meta News: States Seek $1.4 Trillion Over Facebook, Instagram
On July 7, 2026, Meta disclosed that four US states are seeking up to $1.4 trillion in civil penalties over allegations related to Facebook and Instagram’s effect on young users. The demand comes before a major trial set for August 2026 and is one of the largest legal claims ever brought against a technology company….
Samsung Electronics Co Ltd Falls 9.12% Despite Record 2Q Profit
Samsung Electronics shares dropped 9.12% on July 7, 2026, even after posting record quarterly profit. The company reported preliminary Q2 operating profit of 89.4 trillion won ($58.4 billion). That figure surged 1,810.3% year over year. Investors sold into the news anyway, triggering a sharp single-day decline across South Korea’s chip sector. Samsung Electronics Posts Record…
European Markets: FTSE 100 Gains 0.26%, CAC 40 Climbs 0.30% as Geopolitical Risks Remain in Focus
FTSE 100 edged higher on July 6 as European equities opened the week with cautious gains despite ongoing geopolitical concerns. The UK’s benchmark index rose 0.26%, while France’s CAC 40 advanced 0.30% during early trading. Germany’s DAX also traded modestly higher as investors monitored developments in the Middle East, global trade discussions, and expectations for…