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Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

By SEUNG MIN KIM

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.

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Trump confirmed that in a White House meeting Tuesday night with about a dozen House Republicans he had discussed the “concept” of dismissing Powell, long a target because of his refusal to lower interest rates as Trump wants. read more

A look inside a lab making the advanced fuel to power growing US nuclear energy ambitions

A look inside a lab making the advanced fuel to power growing US nuclear energy ambitions

By JONATHAN MATTISE and JENNIFER McDERMOTT

OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousands of tiny black spheres that each contain a speck of uranium enriched beyond what today’s power plants use.

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The United States is chasing a new age of nuclear power that banks on domestic production of reactor fuel like X-energy is making, and though the work at Oak Ridge is unfolding across just 3,000 square feet, X-energy and others are already revving up for big production. read more

6 Central Florida restaurants shut down last week

6 Central Florida restaurants shut down last week

Six Central Florida restaurants shut down the week of July 6-12, according to data from the Florida Department of Business and Professional Regulation.

Orange

Crazy Buffet at 7038 W. Colonial Dr. in Orlando shut down on July 9. Inspectors found 29 violations, three of which were high priorities for raw food not separated from ready-to-eat food, roach activity and food held at the wrong temperatures. The restaurant remained closed on July 10 because the restaurant hadn’t complied with the emergency order. On July 11, a third and final inspection occurred. Inspectors found 23 violations, with only one being a high priority. The restaurant requires a follow-up inspection, but has reopened since it poses no threat to the general public.

Judy’s Diner at 5220 Old Winter Garden Road in Orlando shut down on July 11. Inspectors found 26 violations, five of which were high priorities. Those violations included roach activity and excrement, flying insects and wiping cloth sanitizer solution exceeding the maximum concentration. A second inspection occurred the same day. Inspectors found 12 violations, none of which was deemed a high priority. The restaurant met inspection standards. read more

Trial opens against Meta CEO Mark Zuckerberg and other leaders over Facebook privacy violations

Trial opens against Meta CEO Mark Zuckerberg and other leaders over Facebook privacy violations

WILMINGTON, Del. (AP) — An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm.

Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’ personal information would be misused by Cambridge Analytica, a firm that supported Donald Trump’s successful Republican presidential campaign in 2016. Shareholders say Facebook officials repeatedly and continually violated a 2012 consent order with the Federal Trade Commission under which Facebook agreed to stop collecting and sharing personal data on platform users and friends without their consent.

Facebook later sold user data to commercial partners in direct violation of the consent order and removed disclosures from privacy settings that were required under consent order, the lawsuit alleges.

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$1K ‘Trump Accounts’ for kids: How do they stack up?

$1K ‘Trump Accounts’ for kids: How do they stack up?

By Lauren Schwahn, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

President Donald Trump’s “one big, beautiful bill” is launching a new way to save for children’s futures: the “Trump Account.” This investment account gives kids who meet certain requirements $1,000 courtesy of the federal government.

But a Trump Account may not be a superior replacement for existing investment tools just yet.

What is a Trump Account?

Formerly called “Money Accounts for Growth and Advancement,” or “MAGA accounts,” the Trump Account is a special trust designed to give children a head start financially. Money contributed to these accounts gets invested in the stock market.

The Trump Accounts Contribution Pilot Program starts eligible kids off with a one-time $1,000 credit. The money comes from the Department of the Treasury. read more