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Social Security Trust Fund Depletes in 2032, Triggering 22% Benefit Cut
Social Security’s Old-Age trust fund depletes in late 2032, triggering a 22% automatic benefit cut. Newly retired couples face $16,900 annual losses. Congress has narrowing window to act.
Social Security Faces 22% Automatic Cut in 2033 Without Congressional Action
Social Security’s retirement trust fund runs dry in late 2032, forcing automatic 22% benefit cuts affecting 70 million Americans. A new bipartisan bill seeks to prevent the cuts.
Trump Administration Weighs $100,000 Bond for Green Card Applicants
Trump administration considers requiring green card applicants to post $100,000 refundable bond. Proposal targets those deemed at risk of becoming public charges. Details remain unresolved.
FIFA World Cup Prize Money Hits Record $1.25 Billion in 2026
FIFA awards record $1.25 billion in prize money for 2026 World Cup. Winners take home USD $50 million, runners-up USD $33 million. Every team guaranteed minimum USD $12.5 million.
Hitachi (TYO: 6501) and Eve (NYSE: EVEX) Partner to Build Charging Infrastructure for eVTOL Flying Cars
On 17 July 2026, Hitachi Energy and Eve Air Mobility (NYSE: EVEX) announced a partnership to develop charging infrastructure for electric vertical take-off and landing (eVTOL) aircraft. The agreement focuses on one of the biggest challenges facing the flying car industry: building reliable power systems that can support commercial operations. As urban air mobility moves…
Wise (LSE: WISE) Reaffirms Full-Year Outlook After Q1 Revenue Jumps 25% to $714 Million
Wise reported strong first-quarter results for fiscal year 2027 on July 16, 2026. Net revenue rose 25% year-over-year to $714.0 million for the quarter ended June 30. Transaction revenue climbed 27% to $540.9 million, driven by rising cross-border volumes. Wise reaffirmed its full-year guidance, targeting revenue growth in the middle of its 15-20% range. Active…
Caliber Mining IPO Sees Early Bids on Day 1; ₹135 Crore Anchor Book Backed by Abakkus and Helios
The Caliber Mining IPO opened for public subscription on July 17, 2026. The Maharashtra-based coal mining and logistics firm is raising ₹450 crore through this mainboard offering. Ahead of the launch, the company secured ₹134.99 crore from anchor investors on July 16. Abakkus and Helios Mutual Fund led the anchor round, signaling strong institutional confidence…
Bipartisan PROMISE Act Aims to Avert 22% Social Security Cut by 2033
Senators introduce bipartisan PROMISE Act to address Social Security insolvency. The program faces a 22% benefit cut in 2033 if Congress does not act before the trust fund depletes.
King Charles Meets Prince Harry’s Children for First Time in Four Years on July 10
King Charles met Prince Harry, Meghan Markle, and their children Archie and Lilibet at Highgrove on July 10 for the first time in four years. Queen Camilla played a key role in arranging the reunion.