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Social Security COLA 2027: New 3.6% Estimate Shows a Smaller Raise for Retirees
The Social Security COLA for 2027 now stands at an estimated 3.6%, according to The Senior Citizens League. That’s down from 3.8% forecasts published in June and July. The drop follows July’s Consumer Price Index report, which showed inflation cooling to 3.4% year-over-year. Retirees would still see the largest benefit bump in four years if…
Moderna Soars 177% After Melanoma Vaccine Clears Phase 3 Trial on August 20
Moderna stock jumped 177% after its melanoma vaccine met Phase 3 trial endpoints. The personalized mRNA therapy showed significant improvements over standard treatment in over 1,100 patients.
Zcash Rallies 11% to $564.94 After Institutional Mining Launch
Zcash jumped 11% to $564.94 on August 20 following Cypherpunk Technologies’ $33.33M mining operation launch, controlling 18% of network hashrate.
Moderna Soars 177% on Melanoma Vaccine Win; Merck Gains 12%
Moderna jumped 177% and Merck rose 12% after announcing the first Phase 3 win for an mRNA cancer vaccine. The personalized treatment reduced melanoma recurrence risk significantly.
Russians Pull €24.4B From Banks in 7 Months as War Fears Mount
Russians withdrew €24.4 billion from banks in the first seven months of 2026, fearing the Kremlin will seize deposits to finance the Ukraine war. Five of Russia’s seven largest banks recorded net outflows.
Migros Bank’s Private Client Chief Markus Schawalder Steps Down August 19
Migros Bank’s private client head Markus Schawalder departs after five years leading the division. The bank begins search for successor as mortgage growth slows.
Japan’s Defense Minister Visits Australia and India for Missile Testing Talks, August 19
Japan’s Defense Minister Shinjiro Koizumi visits Australia and India to agree on SDF missile testing on Australian ranges and discuss Mogami-class frigate exports, strengthening Indo-Pacific defense ties.
Berlin Faces €7.2 Billion Beamte Backpay Bill After Court Ruling on August 19
Berlin civil servants may receive €1.3 to €7.2 billion in back pay after Federal Constitutional Court ruled their salaries fell below constitutional minimums from 2008 to 2020. Individual payouts could reach €123,256.
SK Hynix to Buy Back and Cancel 40 Trillion Won ($28.61 Billion) in Shares as AI Chipmaker Boosts Investor Returns
SK Hynix announced Wednesday, August 19, 2026, that it will buy back and cancel 40 trillion won worth of shares. That figure equals approximately $28.61 billion at current exchange rates. The board approved repurchasing 24.07 million common shares, about 3.3% of total shares outstanding. This marks the largest treasury share cancellation ever by a South…