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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.

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.

FTSE 100 Today: UK Stocks Slip 0.37% as Iran Tensions Overshadow Stronger-Than-Expected GDP Growth
The FTSE 100 fell 0.37% Thursday morning, extending Wednesday’s modest decline. That drop came despite UK GDP data beating expectations by a wide margin. The economy grew 0.7% in the three months to May, well above forecasts of 0.5%. Annual growth accelerated to 1.3%, its fastest pace in 13 months. Fresh Iran threats overshadowed that…

Social Security 2027 COLA Projected at 3.8% as Inflation Cools, July 15
TSCL projects 3.8% Social Security COLA for 2027, raising average benefits by $73.62 monthly. Congress reintroduces Social Security 2100 Act but passage unlikely.

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.