Business news

• Social Security Issues Urgent 6-Year Warning: Why 63 Million Americans Face an Automatic $500 Monthly Cut

  01-07-2026 14:17 via ibtimes.co.uk
  
  The US Social Security system warns of a potential 22% benefit cut by 2032 due to fund depletion, affecting 63 million Americans. Congress must act to prevent financial strain on retirees.
  
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• 'In the Best Interests of the American Public': Trump Earned $2B Crypto Income and $86.5M in Lawsuits in 2025

  01-07-2026 15:51 via ibtimes.co.uk
  
  Donald Trump's 2025 financial disclosure reveals over $2 billion in income, with cryptocurrency emerging as a key wealth driver alongside legal settlements and traditional business ventures.
  
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• 'Biological Sex' Prevails: SCOTUS Shuts Down Challenges to Idaho and West Virginia Transgender Athlete Bans

  01-07-2026 15:50 via ibtimes.co.uk
  
  The US Supreme Court has backed Idaho and West Virginia laws banning transgender athletes from women's sports, a decision Donald Trump is touting as a major victory for his administration's Title IX agenda.
  
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• Trump Ruthlessly Mocked for All-Caps 'Obuma' Tirade Over Rumoured State Fair Flop

  01-07-2026 15:42 via ibtimes.co.uk
  
  Donald Trump faced online ridicule after claiming the Great American State Fair was packed, despite evidence of sparse attendance. His comments drew attention for their tone and misspellings.
  
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• Microsoft Plans Another Round Of Layoffs Just Months After Axing Thousands Of Jobs

  01-07-2026 15:38 via ibtimes.co.uk
  
  Microsoft is reportedly planning another round of layoffs, affecting less than 2.5% of its workforce, as it continues to invest heavily in artificial intelligence infrastructure.
  
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• 'I'm Losing This Battle': Martin Lewis Breaks Down Over AI Scam Victims

  01-07-2026 15:31 via ibtimes.co.uk
  
  Martin Lewis warns of AI-generated scams using his identity to deceive people into fake investments, urging stronger online safety measures and consumer protection against fraudulent ads.
  
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• 'A Real Warning Sign': Supreme Court Sends Trump a 'Troubling' 5-4 Signal on Birthright Citizenship

  01-07-2026 15:30 via ibtimes.co.uk
  
  A narrow US Supreme Court ruling on birthright citizenship has alarmed legal analyst Quinta Jurecic, who says the decision shows Donald Trump still enjoys deep sympathy among the justices for his expansive view of presidential power.
  
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• Director Carl Rinsch Gets 2.5 years for Defrauding Netflix of £9.2M, Luxury First Over 'White Horse' Film

  01-07-2026 15:29 via ibtimes.co.uk
  
  Hollywood director Carl Rinsch was sentenced to 30 months in prison for diverting $11 million from a Netflix project into personal luxuries and failed investments, with restitution ordered.
  
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• Football Star Alessandro Bastoni Dragged Into Child Prostitution Investigation

  01-07-2026 15:28 via ibtimes.co.uk
  
  Inter defender Alessandro Bastoni is under investigation for alleged involvement in underage prostitution linked to a VIP events company. Bastoni's lawyer denies the allegations.
  
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• TikTok Settles Explosive Lawsuit After Teen Sues Over 'Addictive' Algorithms That Harmed His Mental Health

  01-07-2026 15:23 via ibtimes.co.uk
  
  TikTok's parent company, ByteDance, settled a lawsuit with a Florida teen who claimed the platform's design contributed to mental health issues. The confidential agreement avoids a high-profile trial
  
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• Apple and Micron Blame Each Other for Price Hikes and Memory Shortage

  01-07-2026 15:21 via ibtimes.co.uk
  
  Apple and Micron are at odds over rising memory prices, with Apple blaming suppliers and Micron pointing to aggressive buying tactics that killed margins during the 2023 price collapse.
  
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• Ukraine Oligarch's Alleged Mistress Reportedly Loses Both Legs in Monaco Bomb Attack, While Legal Wife Is Safe

  01-07-2026 15:19 via ibtimes.co.uk
  
  A bomb attack in Monaco severely injured Anna Nasobina, partner of Ukrainian businessman Vadim Ermolaev. French authorities are investigating potential motives and suspects linked to the explosion.
  
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• Trump Responds to the US Supreme Court's Birthright Citizenship Ruling by Congratulating President Xi

  01-07-2026 15:17 via ibtimes.co.uk
  
  The US Supreme Court reaffirmed birthright citizenship, rejecting Trump's attempt to limit it. Trump responded sarcastically to Xi Jinping, referencing the historic Wong Kim Ark case.
  
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• Trump's Attack on Female Journalist Backfires After Book Exposes Secret Epstein Meetings, Elon Musk's 'Co-Presidency'

  01-07-2026 15:10 via ibtimes.co.uk
  
  Donald Trump's attack on reporter Maggie Haberman inadvertently highlights a new book's claims about his presidency, including Epstein fallout meetings and Elon Musk's brief co-presidential role.
  
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• The First Lady Effect? American Parents Stopped Naming Their Babies 'Melania' After Trump's First Term

  01-07-2026 15:10 via ibtimes.co.uk
  
  The name Melania briefly entered America's top 1,000 baby names in 2017, the year Melania Trump became First Lady, before disappearing from the rankings again.
  
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• The First Lady Effect? American Parents Stopped Choosing the Name 'Melania' for Their Babies After Trump's First Term

  01-07-2026 15:10 via ibtimes.co.uk
  
  The name Melania briefly entered America's top 1,000 baby names in 2017, the year Melania Trump became First Lady, before disappearing from the rankings again.
  
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• The $400 Million Collapse: How Justin Baldoni's Massive Attempt to Sue Blake Lively, Ryan Reynolds Backfired Disasterously

  01-07-2026 15:09 via ibtimes.co.uk
  
  Blake Lively seeks over $8 million in legal fees after Justin Baldoni's $400 million countersuit was dismissed, marking a significant legal precedent in Hollywood's high-stakes disputes.
  
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• UK Energy Bills Rise 13% From Today as Experts Urge a Mid-Year Money Check

  01-07-2026 15:08 via ibtimes.co.uk
  
  UK energy bills rise 13% from 1 July as Ofgem lifts the price cap. Advisers explain how to run a mid-year money check as inflation persists.
  
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• Thomas Massie Resolution: House Votes To Expose Lawmakers In Sexual Misconduct Settlements

  01-07-2026 15:08 via ibtimes.co.uk
  
  The US House of Representatives voted 420-0 for a resolution demanding transparency on taxpayer-funded sexual misconduct settlements, aiming to restore public trust and accountability in Congress.
  
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• 'Is Our President Mad?' Ex-Federal Prosecutor Sounds Alarm Over Trump's Obsession With 'Bloodthirsty Dictators'

  01-07-2026 14:59 via ibtimes.co.uk
  
  Former federal prosecutor Jim Zirin has raised urgent questions about Donald Trump's second-term governance, citing a controversial 'Great Men' document as evidence of a concerning shift toward an imperial presidency.
  
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• 'Quick to Lose His Temper': Prince Harry's Alleged Private Warning Claims Prince William Lacks the Temperament to Be King

  01-07-2026 14:54 via ibtimes.co.uk
  
  Prince Harry reportedly doubts Prince William's temperament for kingship, adding tension to their ongoing feud. The claims, published in Closer magazine, remain unverified and highlight the brothers' strained relationship.
  
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• How Elon Musk Created 'So Much Destabilization' That the Government Paid $11B Just to Clear the Room

  01-07-2026 14:52 via ibtimes.co.uk
  
  A report reveals that Musk's Deferred Resignation Program cost taxpayers up to $15.1bn, contradicting claims of savings from the Trump administration's federal workforce reduction efforts.
  
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• Embarrassing Footage Captures Trump's State Fair Turns Into Ghost Town As Just Seven People Turnout With One Asleep

  01-07-2026 14:50 via ibtimes.co.uk
  
  Footage of sparse attendance at Trump's Great American State Fair has gone viral, contradicting claims of large crowds and sparking widespread social media mockery.
  
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• Internet Divided Over Viral Video of Travis Scott Throwing Water Bottles to Get Cameraman's Attention

  01-07-2026 14:46 via ibtimes.co.uk
  
  Travis Scott's recent performance in New York sparked controversy after he threw water bottles at a cameraman, igniting debate over artistic control and respect for production staff.
  
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• Trump Reports $580M in Crypto-Linked Income, Ten Times More Than Last Year

  01-07-2026 14:43 via ibtimes.co.uk
  
  President Trump reported over $580 million in crypto income for 2025, a tenfold increase from the previous year, largely from World Liberty Financial and $TRUMP meme coin ventures.
  
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• 'Too Old, Too Feeble': Serious Competency Questions Raised After Leak Exposes Trump's Extreme Vulnerability

  01-07-2026 14:41 via ibtimes.co.uk
  
  A former RNC spokesperson has claimed Donald Trump is 'too mentally feeble' to serve and is being steered by a 'stalker‑ish' aide who shapes his late‑night Truth Social posts.
  
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• Why Prince William and Kate Middleton Are Allegedly Skipping Taylor Swift, Travis Kelce's Wedding

  01-07-2026 14:40 via ibtimes.co.uk
  
  Prince William and Kate Middleton are reportedly skipping Taylor Swift and Travis Kelce's rumoured New York wedding, despite a decade‑long friendship with the pop star and her NFL fiancé.
  
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• Candace Owens Tries to Trash Erika Kirk, Accidentally Admits She Has No Idea Where Her Own Husband Is

  01-07-2026 14:36 via ibtimes.co.uk
  
  Candace Owens' podcast remarks questioning the Kirk marriage authenticity have led to scrutiny of her own relationship with George Farmer, sparking widespread online debate and backlash.
  
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• Dog Owner Investigated For Allegedly Tying Dog To A Lamppost During UK's Hottest Day Before Flying To Egypt

  01-07-2026 14:22 via ibtimes.co.uk
  
  A UK woman faces an animal cruelty investigation after allegedly abandoning her dog outside a veterinary clinic on the hottest day of the year, before flying to Egypt
  
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• Warren Buffett Suddenly Paused His Billion-Dollar Gifts to Bill Gates: The Reason is Epstein

  01-07-2026 14:19 via ibtimes.co.uk
  
  Warren Buffett has paused his annual billion-dollar gift to the Gates Foundation for the first time in two decades, pending an Epstein review.
  
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