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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’s New Global Tariffs Loom as $71B Refund Wave Hits Companies
Companies have received $71 billion in tariff refunds after the Supreme Court ruled Trump’s tariffs illegal. Now Trump plans new global tariffs of 10-12.5% starting July 24, affecting UK, Japan, India, Taiwan, and China.
New World Development Quietly Renames Kwun Tong Mall from Scramble Hill to The ANGLE
New World Development rebrands Kwun Tong mall from Scramble Hill to The ANGLE. The 50-million-square-foot complex now emphasizes anime, dining, and pet-friendly spaces.
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…
Japan Men’s Volleyball Extends Winning Streak to 10-0 After Stunning Comeback vs Canada
Japan’s men’s volleyball team beats Canada 3-2 in a five-set comeback at the 2026 Volleyball Nations League in Osaka, extending their undefeated streak to 10-0 with six victories in five-set matches.
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
PC Jeweller Shares Fall 5.80% to ₹9.73 After Board Approves ₹1,000 Crore QIP on July 16
On 16 July 2026, PC Jeweller shares fell 5.80% to ₹9.73 after the company’s board approved a ₹1,000 crore Qualified Institutional Placement (QIP). The fundraising plan aims to strengthen the company’s finances and support future growth. However, the announcement also raised concerns about possible equity dilution, leading to selling pressure in the stock. Here’s why…
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…