The financial news that actually matters
OTB Hospitality, the company behind the On The Border restaurant chain, voluntarily filed for Chapter 7 bankruptcy on June 19, 2026, and began winding down operations entirely. In a separate action earlier this month, Neighborhood Restaurant Partners Florida, a 53-unit Applebee’s franchisee, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern…
Conroe Corral Murphy, LLC, the operator of a Golden Corral franchise location, has filed for Chapter 11 bankruptcy protection for the second time after a 2025 case ended without a confirmed reorganization plan. The new petition, docketed as case number 26-34166 in the Southern District of Texas, was filed voluntarily under Subchapter V, a streamlined…
A Village Inn franchisee operating locations in central Florida filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Florida, adding fresh financial strain to a diner brand that has been serving pancakes and pot roast since the late 1950s. The debtor entities, including VI ZEPHYRHILLS, LLC, ran restaurants…
Morgan Stanley has set a target for the S&P 500 near 7,800, but the firm’s strategists warn that equity prices already reflect the best-case scenario on economic growth and Federal Reserve policy. That tension between an optimistic price target and a market that has front-run favorable data puts investors in an unusual position: the upside…
About 2,700 retail investors lost roughly $402 million after a Lititz, Pennsylvania, man allegedly funneled their savings into ATM-related funds that federal authorities now say were fraudulent from the start. Daryl F. Heller, 55, was arrested on one count of securities fraud and four counts of wire fraud in connection with a scheme that raised…
Daryl F. Heller, a 55-year-old from Lititz, Pennsylvania, ran two investment firms that collected more than $770 million from investors over seven years while causing roughly $400 million in losses, according to federal regulators and prosecutors who filed civil and criminal charges against him. The Securities and Exchange Commission and the U.S. Attorney’s Office for…
American consumers paid higher prices on imported goods for years while tariffs collected billions of dollars at the border. Now that the Supreme Court has ruled those tariffs illegal, the refund money is flowing back to the companies that paid it, not to the shoppers whose wallets absorbed the cost. U.S. Customs and Border Protection…
More families are juggling late payments on credit cards, auto loans, and student debt at the same time, according to new credit-bureau analysis prepared for Bloomberg News. Researchers at the Urban Institute report that student loan delinquency has climbed back to prepandemic levels and is now concentrated among borrowers carrying larger balances and more types…
Starting in 2026, workers aged 50 and older can contribute up to $32,500 to a 401(k) plan, combining a $24,500 base limit with an $8,000 catch-up contribution. The IRS set these figures through Notice 2025-67, which covers all retirement-plan cost-of-living adjustments for the coming year. For millions of older Americans trying to close a retirement…
Homeowners who bought during the pandemic-era price surge and sell now could walk away with six-figure gains and owe nothing in federal capital gains tax. Under 26 U.S. Code Section 121, married couples filing jointly can exclude up to $500,000 of profit from the sale of a principal residence, while single filers can exclude up…
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