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By AP Economics Writer Christopher Al Gerber WASHINGTON (AP) — Federal Reserve officials expect inflation to worsen in the coming months, but are forecasting two interest rate cuts by the end of this year. The Fed said the economy is expanding at a “solid pace” with key rates changed for the fourth consecutive meeting on Wednesday. Typically, changes in the Fed rates, but not always, affect the borrowing costs for mortgages, car loans, credit cards, and business loans. The central bank has also released its latest quarterly forecasts on the economy and interest rates. Before President Donald Trump announced the…
Thousands of Floridians sent a clear message to lawmakers in protest at their beloved state park last summer. Public land should be protected.Despite a massive display of bipartisan support for wild Florida locations, lawmakers approved budget cuts Monday night for the state’s flagship conservation land acquisition program to help grow and create new state parks. The Florida Forever program is expected to receive $18 million for the upcoming budget year, according to state documents. The money for the land purchases amounts to an additional $100 million from the governor of Florida, recommended for the new budget. Several environmental advocacy groups…
Michelle Chapman, AP Business Writer Amazon CEO Andy Jassy expects generative artificial intelligence to cut down the corporate workforce in the coming years as online giants begin to increase their use of technology. “There are fewer people doing some of the work that’s going on today, and more people doing other types of work,” Jassy said in a message to employees. “It will be difficult to know exactly where this is online over time, but over the next few years, this is expected to reduce the total workforce of businesses. The executive said Amazon has over 1,000 generative AI services…
Tampa – One morning in 2022, the car traveled down quiet, dark Tampa Street, doubled and stopped on the side of the road. A time stamp on the surveillance video of a nearby house showed that the headlights sat in the dark for about 50 seconds before the lights turned on and then cut off at 3am almost exactly, then turned off again, then back to it so that it came and then turned off again.In that short range, Nilkia Alexander was killed in the car. Three years after a 14-year-old girl was shot dead and left on a dead-end…
Denver (KDVR) – Admission fees for all 63 people at the national park will be exempt from Thursday as the National Park Service will be commemorated in June. This day is known by many names – Black Independence Day, Liberation Day, Jubilee Day – but the reason for celebrating it is to commemorate the day the last African Americans learned they were no longer enslaved. President Abraham Lincoln had already signed the Emancipation Declaration, but as of January 1, 1863, it became official, but the African people of Galveston, Texas learned of the declaration on June 19, 1865. A guide…
AP Business Writer Alex Veiga McLean, Va. (AP) – The average 30-year U.S. mortgage rate has eased for three consecutive weeks. This is a welcome trend for future home buyers when higher borrowing costs continue to drag on in the housing market. Mortgage buyer Freddie Mac said Wednesday that the long-term rate fell to 6.81% from 6.84% last week. A year ago, the price averaged 6.87%. The borrowing costs for 15-year fixed-rate mortgages, which are popular for homeowners to refinance their mortgage, have also decreased. The average rate eased to 5.96% from 5.97% last week. According to Freddie Mac, a…
Sunrise, Florida – Once in a lifetime? Try it twice in two years! Maintaining the Stanley Cup in South Florida, the powerhouse Panthers stuck to signature brand hockey to secure their second straight championship with a 5-1 victory over the Edmonton Oilers in Game 6 of the Stanley Cup final held at Amelan Bank Arena on Tuesday. “Forward Sam Bennett, who brought Comte Smaystrophe home as the most valuable player of the postseason, said: “There’s so much faith in that locker room, and there’s a lot of experience. We really believed that everyone could win the Stanley Cup again from…
ST. PETERSBURG — A seashell-pink star of vintage postcards and Instagram feeds alike, the Vinoy Renaissance Resort and Golf Club is a Tampa Bay icon. Long a hotspot for dances, weddings and luxe getaways, the Mediterranean Revival-style hotel is steeped in history, from the original ceramic tile floors to the hand-painted cypress rafters.And now it’s celebrating a big milestone: In December, the Vinoy turns 100. Locals and visitors might know that the Vinoy was one of the first luxury hotels on the Gulf Coast, a playground for actors, athletes and presidents. They may have seen it on shows like “Ghost…
International Drive’s entertainment complex, Icon Park has several soccer-related activities related to the FIFA Club World Cup event, which will host games in Orlando this month. At the Illusions Museum of Illusions Attraction, visitors can earn discount tickets with the Score & Save experience. Those who kick a soccer ball into an area designated as a “discount goal” will receive up to $7 on same day entry. The setup is located in the front event space of the MOI. “We love creating simple and memorable ways for guests to interact with the museum,” George Young Dahl, general manager of the…
Riviera Beach, Fla. (WFLA) – A 14-year-old child is charged with murder after being accused of fatally shooting a man in Riviera Beach last month. According to NBC affiliate WPTV, the teen was booked at the Palm Beach County Jail Monday night on charges related to the May 19 shooting. That night, around 10pm, Riviera Beach officials responded to reports of gunshots in the area. At the scene, they spotted a Nissan Altima crashing into a garden along West 30th Avenue. PASCO Hospital Employees are accused of forcing patients Authorities said the vehicle is 32-year-old Noeraint Gulesaint, who died of…