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Social Security COLA 2027 Estimate Holds at 3.1% After July 2026 CPI-W Report
The Social Security COLA estimate for 2027 held at 3.1% after July’s CPI-W data release. The Bureau of Labor Statistics confirmed CPI-W rose 3.4% over the 12 months ending July 2026. That trend-based calculation, from MyFederalRetirement, stayed unchanged from last month’s projection. Other forecasters see the increase running higher, ranging between 3.4% and 3.6%. The…
Pirro Convenes Rare Special Grand Jury in DC Amid Trump Clash on August 13
U.S. Attorney Jeanine Pirro convenes rare special grand jury in DC. The secretive panel, overseen by her ally Steven Vandervelden, can issue reports without indictments and typically investigates government corruption or complex conspiracies.
Social Security Adds 14 Rare Diseases to Fast-Track Disability List
Social Security added 14 rare diseases to its fast-track disability list on August 11, 2026. The Compassionate Allowances program now covers 314 conditions and has helped 1.2 million people receive faster approval.
Asian Stocks Rise as KOSPI Surges on Chip Rally, Nasdaq 100 Futures Gain 0.4% Ahead of US CPI
Asian stocks climbed on August 12, 2026, as a fresh rally in chip shares pushed South Korea’s KOSPI sharply higher. Strong gains in major semiconductor companies lifted technology sentiment, while Nasdaq 100 futures rose about 0.4% before the latest US inflation data. Investors were watching closely to see whether the CPI report would support hopes…
Super Micro Computer Stock Surges 9% as $65-72 Billion FY2027 Revenue Outlook Crushes Forecasts
On August 12, 2026, Super Micro Computer (NASDAQ: SMCI) stock jumped about 9% after the company issued a FY2027 revenue forecast of $65 billion to $72 billion. The outlook came in well above Wall Street expectations and pointed to continued demand for AI servers. Quarterly earnings also beat forecasts, while margins improved sharply. That leaves…
FTSE 100 Live: Index Falls 7.39 Points to 10,836.80 as Investors Await US CPI, Brent Near $89.51
The FTSE 100 fell 7.39 points to 10,836.80 on Wednesday, August 12, as investors remained cautious before a closely watched US inflation reading. The July US CPI report was due later in the day, with economists expecting annual inflation to ease to 3.4% from 3.5% in June. Meanwhile, Brent crude stayed close to $90 a…
Over-65 Savings Interest Tax: Millions Face a Stealth Tax Raid on Retirement Savings
For UK savers aged 65 and over, higher interest income is creating an unexpected tax squeeze. More than 2.1 million pensioners are forecast to pay tax on savings interest in 2026/27, compared with 517,000 in 2022/23. The Personal Savings Allowance has not increased alongside higher returns on cash deposits. As a result, retirees who depend…
Safeway Closes 3 More Stores in 2026 as Albertsons Cuts Underperforming Locations
Safeway closes stores in California, Oregon, and Washington D.C. in 2026. Albertsons cites expiring leases and underperformance as reasons for the restructuring amid failed Kroger merger.
Trump Secretly Switched Planes in Turkey Amid Iran Threat, August 11
President Trump secretly switched to a smaller military plane in Turkey on July 8 to escape an Iranian threat after a NATO summit. He was smuggled via a catering truck while Air Force One flew as a decoy.