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California DMV Orders 11,000 Drivers to Retake Tests on July 8
California DMV orders 11,000 drivers to retake written exams within 30 days after finding irregularities in test results. Failure to comply will result in license cancellation.

Budget Changes Slam ‘Bank of Mum and Dad’ as First-Home Buyers Rush—July 9
Family support for first-home buyers drops sharply after 2026 budget changes to negative gearing and capital gains tax. Young buyers rush to purchase before costs rise, but parents pull back on guarantees.

Bitcoin Falls 3% to $61,480 as Trump Declares Iran Ceasefire ‘Over’
Bitcoin dropped more than 3% to $61,480 on July 8 after Trump declared the Iran ceasefire ended and threatened new strikes, rattling crypto and stock markets amid renewed geopolitical tension.

Joshua Wong to Face Second National Security Sentencing on September 2
Joshua Wong, Hong Kong’s prominent pro-democracy activist, will plead guilty to foreign collusion charges on September 2, 2026, facing a second national security conviction that could add years to his current prison term.

Lenovo Hits 90% Renewable Energy Milestone on July 8, 2026
Lenovo achieves 90% renewable energy in global operations, up from lower levels in prior years. Company remains on track for 2050 net-zero emissions target validated by Science Based Targets initiative.

Gao Shanwen, China’s Outspoken Economist, Dies at 55 on July 8
Chinese economist Gao Shanwen, known for questioning China’s official 5% GDP growth claims and suggesting true growth was around 2%, dies at 55 from cancer on July 7.

Dow Drops as Chip Stocks Crumble, Oil Surges on Iran Tensions—July 8
Dow fell 0.2%, S&P 500 dropped 0.5%, and Nasdaq sank 1.2% on July 7 as chip stocks tumbled and oil prices surged 3% amid geopolitical tension.

IRS COVID Tax Portal Now Live: File Your Kwong Refund Claim Before Friday
The IRS COVID tax refund window is closing fast for certain taxpayers. On July 7, 2026, the IRS launched an online option for Form 843 claims tied to Kwong v. United States. This new IRS COVID tax portal lets individuals file protective refund claims electronically. The catch: most taxpayers must act before July 10, 2026….

Sam’s Club Summer Sale: Walmart Reduces Prices on More Than 1,000 Items
Sam’s Club and Walmart announced sweeping summer price cuts on July 6, 2026. The Bentonville, Arkansas-based retailer slashed prices on more than 1,000 items. Shoppers will see savings across groceries, household essentials, outdoor living, toys, and apparel. The move covers stores and clubs nationwide, including online and app orders. Sam’s Club, a Walmart Inc. (Nasdaq:…