Browsed by
Category: Uncategorized

In-N-Out Burger CEO to join the list of high-profile business figures to leave California

In-N-Out Burger CEO to join the list of high-profile business figures to leave California

LOS ANGELES (AP) — As California’s much-loved hamburger chain In-N-Out Burger expands across the country into Tennessee, billionaire owner and CEO Lynsi Snyder has announced she and her family are going with it and heading east, too.

Related Articles

“There are a lot of great things about California, but raising a family is not easy here,” Snyder announced last week on the “Relatable” podcast, hosted by conservative commentator Allie Beth Stuckey. “Doing business is not easy here.”

Snyder said the corporate headquarters will remain in California. The company announced in 2023 that it planned to open a corporate office in Tennessee, along with restaurants in and around Nashville. read more

What’s happening with forgiveness for student loans on income-based repayment plans?

What’s happening with forgiveness for student loans on income-based repayment plans?

By CORA LEWIS

NEW YORK (AP) — Amid a federal overhaul of student loan plans, many borrowers have been left wondering what it means for their hopes of loan forgiveness. In particular, those who are enrolled in a repayment plan known as income-based repayment, or IBR, have wondered if forgiveness will still be available to them.

Related Articles

A recent update from the Education Department said forgiveness through the IBR plan is paused while systems are updated. “IBR forgiveness will resume once those updates are completed,” the agency said.

IBR is not affected by a federal court’s injunction blocking former President Joe Biden’s Saving on a Valuable Education, or SAVE, plan. The IBR plan was created by Congress separately from other existing repayment plans, including those known as PAYE and ICR. It’s also exempt from some changes coming from President Donald Trump’s tax and spending bill. read more

Long-conservative Seminole votes to raise taxes for first time in 16 years

Long-conservative Seminole votes to raise taxes for first time in 16 years

Commissioners in Seminole County, where elected leaders have long prided themselves on keeping taxes low, voted Tuesday to hike property taxes for the first time in nearly two decades.

Under the higher rate, the owner of a home with a taxable value of $300,000 would see a $144 property tax jump.

But it’s not a done deal. Commissioners will vote on the final tax rate Sept. 23, before Seminole’s new fiscal plan goes into effect on Oct. 1.

Acknowledging their decision was not easy, commissioners said Seminole — like nearly every other local government across the state — is struggling with soaring insurance costs, persistent inflation, state financial mandates and expanding mass transit services. Seminole also is grappling with an increasing number of sheriff’s deputies seeking better pay at other law enforcement agencies.

Commissioners — all Republicans — admitted they’ve waited too many years to either raise taxes or look for other revenue sources to pay for the increasing amount of services that a growing number of citizens have expected. read more

OpenAI’s Sam Altman warns of AI voice fraud crisis in banking

OpenAI’s Sam Altman warns of AI voice fraud crisis in banking

WASHINGTON (AP) — OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person’s voice to bypass security checks and move money.

Related Articles

Altman spoke at a Federal Reserve conference Tuesday in Washington.

“A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication,” Altman said. “That is a crazy thing to still be doing. AI has fully defeated that.” read more

Investors breathe life into new batch of meme stocks as Kohl’s and Opendoor Technologies surge

Investors breathe life into new batch of meme stocks as Kohl’s and Opendoor Technologies surge

By DAMIAN J. TROISE

NEW YORK (AP) — As the stock market pushes into record territory and bargains become harder to find, investors are once again turning to some of Wall Street’s beaten down companies in hopes of a quick score.

Related Articles

The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.

Wall Street defines a meme stock as a stock that gains significant popularity and trading volume, primarily driven by social media hype and online communities, rather than the company’s fundamental financial performance. Think GameStop and AMC Entertainment in 2021, and a few subsequent instances. read more