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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

Wall Street is rattled as Trump says he discussed firing Powell but is ‘unlikely’ to do it

Wall Street is rattled as Trump says he discussed firing Powell but is ‘unlikely’ to do it

By STAN CHOE, AP Business Writer

NEW YORK (AP) — President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.

The S&P 500 rose 0.3% after whipping through an earlier drop and subsequent recovery.

The Dow Jones Industrial Average gained 231 points, or 0.5%, and the Nasdaq composite added 0.3% to its record set the day before.

Stocks had been rising modestly in the morning, before news reports saying that Trump was likely to fire Fed Chair Jerome Powell quickly sent the S&P 500 down by 0.7%.

When later asked directly if he was planning to fire Powell, Trump said, “I don’t rule out anything, but I think it’s highly unlikely.” That helped calm the market, and stocks erased their losses, though Trump added that he could still fire Powell if “he has to leave for fraud.” Trump has been criticizing a $2.5 billion renovation project underway of the Fed’s headquarters. read more

US producer prices unchanged with wholesale inflation remaining under control

US producer prices unchanged with wholesale inflation remaining under control

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher for goods before they reach consumers.

The Labor Department reported Wednesday that its producer price index was unchanged last month from May after rising 0.3% the previous month. June wholesale prices rose 2.3% from a year earlier, the smallest year-over-year gain since September. Both measures came in below what economists had expected.

Excluding volatile food and energy prices, so called core producer prices were also unchanged from May and up 2.6% from June 2024.

The report on wholesale inflation arrived a day after the Labor Department reported that consumer prices last month rose 2.7% from June 2024, the biggest year-over-year gain since February, as Trump’s sweeping tariffs pushed up the cost of everything from groceries to appliances.

Consumer prices and producers prices do not always move in tandem, however. read more