Georgia financial CEO Todd Burkhalter sentenced for running historic $380M Ponzi scheme to fund lavish lifestyle

Georgia financial CEO Todd Burkhalter sentenced for running historic $380M Ponzi scheme to fund lavish lifestyle

A Georgia financial advisory CEO was sentenced Friday to 20 years behind bars for masterminding a $380 million Ponzi scheme to finance his lavish lifestyle of yachts, private jets and luxury stores. Todd Burkhalter, founder of Atlanta-area Drive Planning LLC, orchestrated one of Georgia’s largest schemes, stealing millions from more than 2,000 investors in a … Read more

OCC approves World Liberty Financial national bank charter for USD1

OCC approves World Liberty Financial national bank charter for USD1

ProCap Financial President and CEO Anthony Pompliano Joins ‘Varney & Co.’ to discuss the long-term growth potential of bitcoin, government money printing, and its new AI financial platform, Silvia. The Office of the Comptroller of the Currency (OCC) on Friday granted preliminary conditional approval for a national trust bank linked to World Liberty Financial, a … Read more

FDA in Mexico a month after linking Taylor Farms to cyclospora outbreak

FDA in Mexico a month after linking Taylor Farms to cyclospora outbreak

Food and Drug Administration investigators traveled to Taylor Farms operations in Mexico for the first time this week to begin inspecting facilities linked to the largest cyclospora outbreak in the U.S., according to four people with knowledge of the matter, who spoke on condition of anonymity to discuss an ongoing investigation.

Claude Users Cancel Subscriptions, Citing Anthropic’s New AI Watermark

Claude Users Cancel Subscriptions, Citing Anthropic's New AI Watermark

Anthropic’s move to watermark Claude-generated text is turning some users away from its AI assistant. The AI ​​Lab said this week that some versions of Claude will incorporate an “imperceptible watermark” directly into its text output. It will travel with the content when copied and pasted and can survive a few edits, Anthropic said, helping … Read more

OpenAI talent exodus raises ‘huge red flag’ ahead of IPO

OpenAI talent exodus raises 'huge red flag' ahead of IPO

When OpenAI hired Denise Dresser from Slack to be its chief revenue officer in December, Fidji Simo, a senior executive, said in a blog post that Dresser’s “experience will help us make AI useful, reliable, and accessible to businesses everywhere.” Four months later, Dresser took on additional responsibilities when chief operating officer Brad Lightcap left … Read more

Disney CEO Josh D’Amaro tous parks ‘surprise’ in last quarter, ‘clarity’ and ‘stability’

Disney CEO Josh D'Amaro tous parks 'surprise' in last quarter, 'clarity' and 'stability'

Disney CEO Josh D’Amaro told CNBC’s Julia Boorstin on Friday that the company’s parks division was a “big surprise” last quarter and that he feels confident in the company’s trajectory during his first months atop the media giant. “We’re doing everything we said we were going to do,” D’Amaro said. “I think there’s clarity within … Read more

Stock Market Today: Dow Falls On Surprise Retail Sales; AI Giant Dives On Earnings

Stock Market Today: Dow Falls On Surprise Retail Sales; AI Giant Dives On Earnings

The Dow Jones Industrial Average and other major stock indexes held steady Friday as Wall Street digested weaker-than-expected retail sales ahead of consumer confidence data. Meanwhile, Applied Materials (AMAT) and Reddit (RDDT) were big stock market drivers today. Just after Friday’s open, the Dow industrials fell less than 0.1%, while the S&P 500 rose marginally. … Read more

Trump Accounts tax benefits are lacking, Ramsey expert cautions

Trump Accounts tax benefits are lacking, Ramsey expert cautions

Ramsey Solutions personality George Kamel explains the pros and cons of Trump Accounts to Fox News Digital and when is the best time to invest in your children. When the federal government began depositing an initial $1,000 contribution into the newly launched Trump Accounts for eligible children in July, Ramsey Solutions personal finance and personality … Read more