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GBI Executes Search Warrant at Yurezz Home Center in Multi-State Fraud Probe
GBI and FBI search Yurezz Home Center in Baxley amid multi-state fraud investigation. Co-owner Richard Altman arrested on July 8 for illegal transmission of monetary funds. Customers urged to report complaints.
Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
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.
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
Senators Introduce PROMISE Act to Prevent 22% Social Security Benefit Cut by 2032
Bipartisan senators introduce PROMISE Act to address Social Security insolvency projected for 2032. The bill would create a process for Congress to vote on a solvency plan restoring benefits for 70 million Americans.
House Passes Daylight Saving Time Bill 308-117 on July 14
House passes Sunshine Protection Act 308-117 to make daylight saving time permanent. Bill heads to Senate with Trump backing but uncertain prospects.
UK Defers Crypto Liquidity Pool Tax Until April 2027
UK HMRC adopts ‘no gain, no loss’ tax treatment for crypto lending and liquidity pools from April 6, 2027, deferring capital gains tax until economic disposal. Affects 700,000 DeFi users.
Meta (NASDAQ: META) Expands Louisiana AI Data Center Investment Beyond $50 Billion
On 13 July 2026, Meta (NASDAQ: META) announced a major expansion of its AI data centre project in Louisiana. The company increased the planned investment to more than $50 billion and raised computing capacity to 5 gigawatts. It is one of the largest AI infrastructure investments announced by a technology company. The decision reflects Meta’s…
FBI Probes Argentine Football Association Over $300M Money Laundering Allegations
FBI investigates Argentine Football Association for alleged money laundering involving $300 million in U.S. financial transfers. Investigation focuses on Miami-based company TourProdEnter LLC managing AFA’s commercial deals.