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News Powered By AI

Bipartisan group of senators propose Social Security reform process ahead of funding shortfall

by News Feed Editor | Aug 4, 2026 | Financial

A bipartisan group of senators introduced the PROMISE Act to establish a legislative process for enacting Social Security reforms before the program’s trust fund faces a projected funding shortfall.

The scary rise of locksmith scams: ‘I was shut out with my baby – and charged £2,200 to get back in’

by News Feed Editor | Aug 4, 2026 | Financial

The UK is experiencing a surge in locksmith scams, with reported incidents rising 147% in early 2026. Customers are being subjected to bait-and-switch tactics, with initial quotes of £45-£80 ballooning to thousands of pounds.

General Mills recalls 736,000 Pillsbury rolls over glass contamination fears

by News Feed Editor | Aug 4, 2026 | Financial

General Mills is recalling nearly 736,000 Pillsbury frozen bread rolls due to potential glass contamination concerns, with products distributed across 19 states.

Homebuyer affordability slipped for fifth straight month, real estate index shows

by News Feed Editor | Aug 4, 2026 | Financial

Homebuyer affordability declined for the fifth consecutive month in June, with qualifying income reaching $109,152 as home prices and mortgage rates remained elevated.

Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher

by News Feed Editor | Aug 4, 2026 | Financial

A 65-year-old retiring in 2026 may spend an average of $185,500 on healthcare expenses in retirement, according to Fidelity Investments, marking a 7.5% increase from prior-year estimates.

Lawmakers renew push to axe a lucrative tax loophole for crypto investors

by News Feed Editor | Aug 4, 2026 | Financial

Congressional lawmakers are pushing to eliminate a tax loophole that allows cryptocurrency investors to claim investment losses without divesting holdings, a practice estimated to cost billions annually in foregone tax revenue.

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RocketNews is a news aggregator covering top stories from around the globe across 17 categories. Stories are gathered from leading news organizations — including the BBC, The Guardian, the Associated Press, NPR, Al Jazeera, and respected industry publications — along with government sources and official releases. Each story is presented without advertising as an original summary produced with Claude AI, with attribution and a link to the original reporting at the source. RocketNews also publishes featured articles from contributing writers. Story selection and summaries are automated.

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