Economy
NSU economist on 401(k) accounts: ‘Leave it alone ... don’t panic’
A Nova Southeastern University economist joined the personal finance experts who believe 401(k) retirement savings accounts will recover.
Tariff concerns loom as food price hikes could be on the menu: ‘Costs will be passed along’
Car sales have made headlines as a potential consumer pinch-point when President Donald Trump’s global tariff plans take effect. But food prices are expected to rise as well.
Local businesses brace for possible price increases as tariffs loom: ‘Everything goes up’
While President Donald Trump paused planned tariffs on goods from Canada and Mexico set to take effect Tuesday, the reprieve was only temporary Monday — and tariffs on Chinese products were still set to go ahead.
Wynwood staple Wood Tavern shuts down — are local businesses being priced out?
A staple in Wynwood has officially closed its doors. Wood Tavern, located at 311 NW 23rd St., announced on social media that it will not be reopening again.
President Biden delivers remarks on ‘Bidenomics’ in Maryland
U.S. President Joe Biden is holding a press conference Thursday about an economic agenda that his administration says is helping the middle class, while Republicans say the U.S. economy is failing, particularly when it comes to inflation.
Biden praises regulators for orchestrating deal to keep U.S. banking system healthy
President Joe Biden met with reporters on Monday at the Rose Garden in the White House to address the second-largest bank failure in U.S. history after Washington Mutual’s collapse in 2008.
White House: ‘We are not close to a recession right now’
Amid fears of a looming recession, President Joe Biden hit the road Thursday for Springfield, Virginia to tout his economic wins.
White House: Gas prices to continue to decrease in December
Drivers in South Florida should expect gas prices to continue decreasing this month, according to the White House.
South Florida economic forecast identifies climate resiliency as ‘biggest concern’
An economic forecast for south Florida was just released, as local leaders look ahead to the next five years.
VIDEO: Biden speaks about new actions to provide families with ‘more breathing room’
President Joe Biden held a news conference Wednesday to speak about new actions his administration is taking to provide families with “more breathing room.”
Report: 8 of 10 U.S. areas with highest rent increases were in Florida
In news that should come as no surprise to any Sunshine State renter, a new report out of Harvard University found that eight out of 10 areas with the highest year-over-year rent increases were in Florida.
President Biden salutes veterans on Veterans day, discusses inflation concerns
President Biden salutes troops on his first Veterans Day as president and discusses inflation in the United States.
Live events industry feels economic plunge in South Florida
The hospitality industry felt the hit first. As the coronavirus pandemic began to impact South Florida and officials were forced to implement safety measures, workers and entrepreneurs in almost every sector experienced the economy’s downturn during the April-June quarter.
Nordstrom to close Dadeland Mall store
Nordstrom announced Friday the store in Dadeland Mall in Miami-Dade County will not survive the coronavirus pandemic’s economic crisis.
Coronavirus pandemic wipes out decade of job gains in 1 month
The long lines outside of the New Birth Baptist Church on Friday near Opa-locka were a reflection of the economic downturn during the coronavirus pandemic. The shutdowns in the leisure and the hospitality industries have hurt many families’ finances in South Florida.
Need for free food during coronavirus pandemic ‘has only gotten worse,' commissioner says
Drivers in need during the coronavirus pandemic started to arrive at about 2 a.m. on Wednesday to Hialeah Gardens High School. Within a few hours, an L-shaped line of cars curved from Hialeah Gardens Boulevard and stretched on Okeechobee Road.
DeSantis to form new task force to plan re-opening businesses amid coronavirus pandemic
Gov. Ron DeSantis said Wednesday he is forming a task force to consider reopening businesses before there is a vaccine for COVID-19, the highly contagious respiratory illness that is to blame for killing nearly 600 people in Florida and infecting at least 632,000 people in the U.S.
