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Joe Cavaretta/South Florida Sun Sentinel/TNS

Feds awarding $25 million safety grant for Florida's Brightline corridor

Business / Business News /

In a major initiative to cut down on deaths and injuries along Brightline’s rail corridor, the U.S. Government has allocated $25 million for safety improvements between Miami-Dade and Brevard counties, railroad and government officials announced Monday.

The money is helping to cover $45 million in measures that will include improvements at ...Read more

Christopher Myers/Dreamstime/Dreamstime/TNS

Delta cites ongoing crew sick calls driving summer flight cancellations

Business / Business News /

Delta Air Lines said pilots and flight attendants called out sick in June at a rate 50% higher than June 2019 levels, with the effects of the ongoing COVID-19 pandemic straining its operations and contributing to flight cancellations.

The disclosure came as the Atlanta-based airline sought Federal Aviation Administration approval to cut its ...Read more

Dreamstime/Dreamstime/TNS

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Business / Business News /

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on, blue-collar kind of guy, but when ...Read more

'Free' job training can cost a fortune for employees who quit

Business / Business News /

BreAnn Scally is a pet lover, the kind who wishes she could take home every stray she passes on the street. So she was intrigued last year when she discovered that PetSmart, the pet-supply chain, offered what it advertises on its website as “FREE paid” grooming training. She hopes to open her own cage-free animal shelter one day, and she ...Read more

Gan Chaonan/Dreamstime/TNS

Crypto during a recession: Here's what to expect

Business / Business News /

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

But with the broad crypto market falling sharply from all-time highs reached in ...Read more

Erin Hooley/Chicago Tribune/TNS

Rideshare and delivery drivers demand better wages and working conditions, join national movement

Business / Business News /

David Crane keeps a yellow legal notepad in his car, pages upon pages filled out with his thoughts on the concerns of thousands of other rideshare drivers like him, with demands that boil down to better wages, safer working conditions and union rights.

“We deserve what’s right. We deserve better pay for the amount of time that we spend away...Read more

Michael Laughlin/South Florida Sun-Sentinel/TNS

If more than two big storms hit Florida this year, insurers could be in trouble

Business / Business News /

It's that time of year again in Florida. Peak hurricane season is bearing down on the state like that flying saucer in the movie Nope.

Insurance insiders say policy holders are covered — as long as the state isn't hit by more than two major storms.

Typically, mid-August through mid-October is when Florida and the southeastern United States ...Read more

TNS

Consumer prices are soaring. Here are the best ways to protect your savings

Business / Business News /

While inflation is at the highest it’s been since the early 1980s, many people — especially those living paycheck to paycheck — may be struggling to save any money at all.

Inflation is likely to remain high, with most economists polled in Bankrate’s Second-Quarter Economic Indicator survey predicting inflation will remain as expected or...Read more

Dreamstime/Dreamstime/TNS

'Unmortgaged millennials': What a new study reveals about millennial homebuyers

Business / Business News /

Millennials — those between ages 26 and 41, also sometimes called Generation Y — now represent the biggest population cohort in America. And while lots of them dream of homeownership, many find themselves priced out of the housing market. In fact, nearly half of millennials who do not yet own a home are pessimistic that they may ever be able...Read more

Konstantin Kolosov/Dreamstime/TNS

Credit card balances rise above pre-pandemic high, as inflation hits

Business / Business News /

Consumers continue to take on more credit card debt as inflation hikes up their spending.

Consumer revolving debt — which is mostly based on credit card balances — gained $14.8 billion on a seasonally adjusted basis in June. It’s now up to $1.125 trillion, taking it past its pre-pandemic high, according to the Fed’s G. 19 consumer ...Read more

Mel Melcon/Los Angeles Times/TNS

'I was in shock': California rents are spiking -- and not only where you'd expect

Business / Business News /

When Santa Monica resident Rob Leonard got a notice telling him that rent for his one-bedroom apartment would go up $100 a month starting in September, he had to read the letter several times because he thought there was a mistake.

"I was in shock," he said. "Twelve hundred dollars a year — that's people's grocery money. That's gas. I have a ...Read more

Stacey Wescott/Chicago Tribune/TNS

With nearly 2.5 million weddings happening in the US this year, florists are in high demand amid a flower shortage

Business / Business News /

Bouquets, boutonnieres and flower girl baskets. Flowers can be considered one of the most essential items for a wedding. With this year having approximately 2.47 million weddings in the U.S., 2022 will have the highest number of weddings since 1984, according to the Wedding Report, a research company that tracks and forecasts wedding industry ...Read more

Renée Jones Schneider/Minneapolis Star Tribune/TNS

Target makes strides to better serve Black customers and employees

Business / Business News /

Target Corp. earmarked billions of dollars for Black businesses and communities to address racial equity issues after the police killing of George Floyd two years ago.

The Minneapolis retailer made visible strides in that time, but a review of its benchmarks shows it still has a way to go to meet all of its goals.

Target increased its share of...Read more

JADE GAO/AFP/Getty Images North America/TNS

The Chinese dream of home ownership is crumbling. The economy could go with it

Business / Business News /

TAIPEI, Taiwan — Last November, hundreds of angry homeowners in Nanchang, the capital of China's Jiangxi province, gathered on the roof of an unfinished apartment building. From their perch, they unfurled red and white banners along the outer walls and chanted demands for completion of the homes they had already partially paid for. On the dirt...Read more

Justin Sullivan/Getty Images North America/TNS

T-Mobile surprises as tech winner in tough stock market

Business / Business News /

With everything from once-high-flying software companies to behemoths such as Alphabet Inc. mired in losses this year, investors looking to make money in technology-related stocks have found a surprising winner — T-Mobile US Inc.

The mobile-phone carrier has jumped 26% and is flirting with an all-time high. It’s the only tech, media or ...Read more

Phillip Chin/Getty Images North America/TNS

TV station owner Nexstar acquires a controlling stake in CW Network

Business / Business News /

LOS ANGELES — Nexstar Media Group, the country's largest TV station owner, has acquired a controlling stake in the CW Network from its co-owners Paramount Global and Warner Bros. Discovery.

The Irving, Texas-based company announced the deal Monday, giving it control of a national broadcast service already carried by 37 of its stations ...Read more

Win McNamee/Getty Images North America/TNS

Mohamed A. El-Erian: Fed needs to resist opting again for quick and easy

Business / Business News /

Over the last 18 months or so, the quick and easy interpretation of inflation data has turned out to be incorrect. Will it be different going forward? Markets sure hope so. Federal Reserve officials seem more cautious, and rightly so. The markets’ latest narrative pivot is not the right one for the world’s most powerful central bank.

When ...Read more

UPS pilots ratify two-year labor contract extension

Business / Business News /

UPS pilots have voted to ratify a two-year extension of their labor contract.

The Independent Pilots Association, which represents more than 3,300 pilots at UPS, reached the deal with management in June for an extension including wage increases and pension improvements.

The union said nearly 91% of UPS pilots voted in favor of the agreement. ...Read more

Libo Tang/Dreamstime/TNS

Food pantry for Disney employees still fights hunger as donations fall

Business / Business News /

Hit with a hefty dental bill, a Disney employee faced the choice of paying it or buying groceries.

Another Disney worker’s infant son was diagnosed with food allergies and needed a specific, pricey formula when formula shortages were intensifying nationwide. The family found the bulk of their grocery budget was going toward feeding him.

Both...Read more

Joe Johnston/San Luis Obispo Tribune/TNS

California could lend PG&E $1.4 billion to save Diablo Canyon nuclear plant

Business / Business News /

A last-minute proposal from Gov. Gavin Newsom could keep the Diablo Canyon nuclear plant open through 2035, a decade beyond its current closure date — in part by giving owner Pacific Gas & Electric Co. a $1.4-billion forgivable loan.

The proposal is part of draft legislative language distributed to state lawmakers late Thursday night. The ...Read more