At the end of last week, U.S. stocks dropped. Specifically, the S&P 500, an index of the 500 largest U.S. publicly traded companies, fell nearly one percent (0.92%) on Friday. Considering the positive economic news from the Federal Reserve last week, why did the week end in a slump? Jessica Menton and Donato Mancini of […]
Keeping up to date with the decisions of the Federal Reserve is a must. Right now, major stock market indexes and employment rates point to a strong economy, but the cost of borrowing money could be on the rise, which would test company profits. So who decides the cost of borrowing? One of the ways […]
Tallahassee’s Kim Rivers, the CEO of North Florida based Trulieve, appeared on CNBC’s “Mad Money” with Jim Cramer on Monday, October 8th. Rivers discussed how Florida’s largest fully licensed medical marijuana company is faring amid the cannabis craze and reported that Trulieve is “seeing a huge transition” from opioids to medical cannabis. Rivers’ told Cramer that […]
By Jim Turner, The News Service of Florida TALLAHASSEE — Florida Agriculture Commissioner Adam Putnam would like the renegotiated and rebranded North American Free Trade Agreement to do more to help the state’s farmers. And he’s not alone, as U.S. Sen. Marco Rubio, R-Fla., also expressed concerns about the absence of relief for Florida agriculture […]
At the September 26th meeting, the City Commission introduced a new ordinance regarding the closing hours for any licensed establishment selling and purchasing of alcoholic beverages. It is currently unlawful for any licensed establishment to remain open between 3:00 am and 6:00 am. In January 2016, the City Commission passed an ordinance to treat all […]
The Wall Street Journal reported on new data from the Census Bureau regarding American incomes and poverty levels. In 2017, income levels were rising and poverty was declining— trends that have remained consistent for several years. New data still show that average incomes are increasing, by 10.4% over the least three years. Median household income […]
Note: The original percentage revision (105%) published was changed using a more conservative calculation method. Late last year the Bureau of Economic Analysis (BEA) released data that showed that Tallahassee had one of the fastest growing Growth Domestic Product’s (GDP) in the state of Florida in 2016 with a growth rate of 4.3%. This growth […]
By Jim Saunders, The News Service of Florida TALLAHASSEE — In a case being watched by business groups and local governments, the city of Miami Beach is asking the Florida Supreme Court to act quickly in a battle about the legality of a local minimum wage. Justices last month, in a 4-3 decision, agreed to […]
By Jim Turner, The News Service of Florida TALLAHASSEE — Florida tourism is on pace to set an annual record, with an estimated 65.5 million people traveling to the state during the first half of the year, according to numbers released Wednesday. The tourism-marketing agency Visit Florida estimated that tourism during the first six months […]
The Northwest Florida Water Management District (NFWMD) has filed a lawsuit against companies affiliated with the Canopy development. Canopy is a mixed use development including single family housing, multi-family housing and commercial use. According to the lawsuit, NFWMD states that this “is an action seeking temporary and permanent injunctive relief and monetary penalties arising from […]