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Hyundai Motor to Make Boston Dynamics a Wholly Owned Unit by Buying SoftBank Stake
Hyundai Motor Group is finalizing full ownership of Boston Dynamics this month. The automaker will buy SoftBank Group’s remaining 9.65% stake for $325 million. This move ends a multi-year ownership arrangement dating back to 2021. Hyundai originally paid $880 million for an 80% controlling stake that year. The deal values Boston Dynamics at a far…
Singapore AGO Flags S$25M in HDB Parking Lapses, 136 Audit Findings on July 15
Singapore’s AGO report flags S$25M in HDB parking lapses and 136 audit findings across government agencies. HDB, MOM, and MOH face major governance issues.
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.
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.
House GOP Ends Weeks-Long Blockade After Conservative Rebellion Over Voter ID Bill
House Republicans ended their weeks-long blockade after Speaker Johnson agreed to attach the SAVE America Act voter ID bill to appropriations legislation, allowing votes on State Department funding and veterans benefits.
FIFA President Infantino Faces IOC Ethics Investigation Over Trump Ties on July 15
FairSquare accuses FIFA President Gianni Infantino of five violations of IOC political neutrality rules, citing his Trump ties and the Balogun suspension reversal during the 2026 World Cup.
DeepSeek Seeks Fresh Funding at $74 Billion Valuation Ahead of Planned China IPO
DeepSeek is back in the spotlight after reports said it is seeking fresh funding at a valuation of 500 billion yuan (about $74 billion) before a planned initial public offering (IPO) in China. The fundraising effort, reported on July 15, 2026, reflects rising investor interest in the country’s fast-growing artificial intelligence industry. As global competition…
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.
Netflix (NASDAQ: NFLX) Q2 Earnings Preview: Revenue Expected to Rise 13.5% to $12.57 Billion
Netflix reports second-quarter 2026 earnings on Thursday, July 16, after market close. Wall Street expects revenue of $12.57 billion, up 13.5% year-over-year, alongside earnings per share of $0.79. That EPS figure marks a 9.7% rise from the $0.66 reported in the same quarter last year. NFLX stock closed at $73.86 on July 14, down sharply…