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Nick Pihakis Files Chapter 7 Bankruptcy With $44M in Debt, August 09
Nick Pihakis files Chapter 7 bankruptcy with $44 million in liabilities. The Birmingham restaurateur faces liquidation of his restaurant empire after years of closures and unpaid debts.
Social Security Benefits Jump 3.8% in 2027 as Inflation Adjustment Takes Effect
Social Security benefits are projected to increase 3.8% in 2027, adding $73 to $197 monthly depending on current benefit level. The final COLA will be announced in October.
Toncoin Plunges 22.2% to $1.36 as Sellers Overwhelm Buyers
TONUSD fell 22.2% in 24 hours to $1.3638 on heavy selling pressure and weakening momentum indicators.
Ex-NBA Center Enes Kanter Declares for 2027 WNBA Draft, Challenges Eligibility Rules
Ex-NBA center Enes Kanter declares for 2027 WNBA Draft on August 7, challenging the league’s eligibility rules on self-identification. Royce White follows with his own declaration.
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
DOJ Keeps $2,000 From Pardoned Capitol Rioter, Citing Final Conviction
DOJ refuses to refund $2,000 restitution to pardoned Capitol rioter Felicia Konold because her conviction was final at pardon time and has not been vacated.
Trump’s Top General Seeks Exit From Iran War as Military Options Narrow
Gen. Dan Caine privately urges Trump officials to seek de-escalation in Iran war, citing limited military success and weapons shortages. Caine has coordinated with CIA Director, Secretary of State, and Vice President.
U.S. Lost 23,000 Jobs in July as Labor Market Weakens
U.S. employers cut 23,000 jobs in July. Unemployment fell to 4.1% but only because workers left the labor force. Wage growth slowed to 3.2% annually, below inflation.
Lufthansa 747 Diverts to Congo After Cabin Odor; Stock Falls 2.5%
Lufthansa Boeing 747-8 with 363 passengers diverts to Congo after cabin odor. Emergency landing in Brazzaville on August 7, 2026. Stock drops 2.5% to €8.34.