ECONOMY

In the aftermath of Hurricane Ian, federal loans are being offered to help Central Florida businesses that were impacted by the storm.

University of Central Florida professor Dr. Sean Snaith addressed members of Orange County’s Tourist Development Council on Friday to discuss how a potential recession could impact the area’s booming travel industry.

Area real estate experts join the show to break down what's going on in the Florida real estate market.

Homes are considered a good investment in general, but they become even better when putting some new touches on them that add to the value in the long run.

Is it different in Florida? Is the market stronger here than elsewhere around the country?

The Federal Reserve this week is expected to once again hike interest rates as it works to slow the economy and reduce inflation.

Electric rates keep rising in Leesburg, and some homeowners said they can't afford any more hikes.

The Orlando Utilities Commission Board of Commissioners approved an increase in electric rate charges for residential and commercial customers at a meeting Tuesday.

Florida’s minimum wage is set to go up again at the end of September.

Orange County, which has already broken a number of monthly tourism tax collections records in 2022, is continuing that streak after earning the highest annual collections ever in the fiscal year.

A high-level United States delegation invited Mexico to participate in a push to shift semiconductor production from Asia to North America and expand production of electric vehicles.

Beneficiaries are people (or a person) that derive an advantage from something such as a trust, will or life insurance policy should someone die.

There are reasons for people both under 60 and over 60 to still be optimistic about investing.

Scams have led to people — more commonly known as squatters — inhabiting residences they don’t legally rent or own, even if they think they have found a residence properly and aren’t doing anything wrong.

On this latest episode of “You Have Real Estate with Justin Clark,” area realtors and experts join the show to offer insight on the procedures foreigners have to undertake in order to purchase property in Florida.

Starbucks' pumpkin spice latte is coming back at a higher price.

After weeks on the decline, Florida gas prices are on the rise once again.

New government data shows economic growth shrank at a 0.6% annual rate in the second quarter — less than initially thought.

The Biden Administration announced Wednesday it will cancel up to $20,000 in student debt for borrowers who qualify. However, concerns have been raised about what that might entail.

One portion of the house has the original basketball court and bleachers, while another portion was renovated into elements of what typical homes have, such as a kitchen, bathroom and bedrooms.

Florida gas prices continue to plunge, for the 10th straight week.

In a new article, The Washington Post breaks down how the U.S. knew Russia would invade Ukraine, and began to prepare the country to go to war. Washington Post national security reporter Karen DeYoung joins CBS News to discuss.

The unemployment rate dipped to 3.5%, tying a 50-year low reached just before the coronavirus pandemic slammed the U.S. economy in early 2020.

One issue that is common is wire fraud when it comes to how money is transferred.

In the last year, the average annual cost of owning and operating a new vehicle has increased 11%.

Florida gas prices are continuing to fall, reaching prices last seen in early March.

July’s jobs report was a stunner, in more ways than one.

Time will tell if the trend will continue as school starts and the fall approaches.

The Great Lakes might be home to the world’s most abundant supply of freshwater whitefish, and to many, that treat tastes even better when it is smoked to give it even more flavor.

With higher interest rates and a lack of inventory still out there for potential homebuyers, many are worried that a crash in the real estate market is looming.

The Las Vegas Valley saw widespread flooding after severe thunderstorms, leaving multiple casinos on the Las Vegas Strip with water damage.

Democratic Sen. Randolph Bracy, who is running for U.S. House District 10, will host a roundtable discussion Friday with landlords and renters about skyrocketing rent costs amid Central Florida's housing crisis.

Orange County Commissioner Emily Bonilla held a news conference at Lake Eola to continue her push for a rent stabilization ordinance.

Financial Markets FILE - Pedestrians walk past the New York Stock Exchange, July 8, 2022, in New York. Stocks are opening slightly higher on Wall Street Thursday, July 28, 2022 following news the U.S. economy shrank for a second consecutive quarter. The U.S. economy shrank from April through June, contracting at a 0.9% annual pace. Consecutive quarters of falling GDP constitute an informal, though not definitive, indicator of a recession. The Federal Reserve is trying to slow the U.S. economy to fight inflation without tipping it into a recession.

There are still mounting concerns about the U.S. economy's resilience. Inflation is at 40-year highs, home sales are weakening and even the-red hot labor market is beginning to show cracks.

Consumers and businesses are feeling the pinch of high prices, including Second Harvest Food Bank of Central Florida.

Federal Reserve Chairman Jerome Powell said on Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. "This is a very strong labor market....it doesn't make sense that the economy would be in a recession with this kind of thing happening." Investors are fearing the Fed's hiking campaign may tip the economy into a recession. The gross domestic product reading for the second quarter is due on Thursday with economists expecting the economy to have barely expanded following a 1.6% contraction in the first quarter. Many on Wall Street refer to two consecutive negative quarters as a recession, but the official definition takes into account more factors than just GDP.

"Rebooting" the UK's "brittle" economy would be Labour's main focus, its leader will say.

On this latest episode of “You Have Real Estate with Justin Clark,” four area realtors join the show to lend their expertise on the current market conditions.

Florida gas prices continue to fall, reaching its lowest price in two months.

The once-hot housing market is beginning to cool down, but experts said homebuyers are canceling pending contracts at the highest rate since the start of the COVID-19 pandemic.

Inflation has risen to 9.1% over the past year, according to Bureau of Labor Statistics.

Inflation has risen to 9.1% over the past year, according to Bureau of Labor Statistics.

The industry feeling the greatest impact of inflation in Central Florida is the housing market, according to an expert on the subject.

Real estate experts in Florida weigh in on whether it’s a worthy investment to purchase land, and assess the overall real estate climate at the moment.

The Maitland city commission discussed the results of a study Monday evening to determine whether to raising water and sewage rates for residents.

Name a product, and somehow cherries have found their way into them when visiting the Cherry Republic, a group of stores in Michigan.

Starting on Sunday, the United States Postal Service is raising the price of postage.

The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon.

New numbers by Orange County for the month of May show tourist tax collections are up 65.8% compared to the same time last year.

June's big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather ahead.

Tucked along the Little Traverse Bay in Northern Michigan, Petoskey is a hotspot in the summer for tourists with its scenic water views, boating and other water activities.

Florida gas prices have dropped 10 cents over the last week, continuing their fall from a record high set in June.

Experts say real estate investments can still be a good hedge against inflation.

Even though some products are still being sold at the same price, the sizes are shrinking.

The potential sale of the Kohl’s department store chain has fallen apart in a shaky retail environment of rising inflation and consumer anxiety.

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year even though consumers and businesses kept spending at a healthy pace, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter.

For nearly two years, the U.S. economy has notched blockbuster gains, with millions of new jobs and wage hikes adding to the streak of good news. But now economists are bracing for a cool-down.

Following the pandemic — and now concerns regarding inflation — economists expect the already-low birth rate in the U.S. will continue to decrease.

The Orange County Commission is set to discuss its rent stabilization plan during a Thursday meeting that aims to push back against rising rental prices and help renters avoid troubling rent spikes.

The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.

The global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank warned.

During an uncertain period for the U.S. economy, The Washington Post is producing a series of animated guides examining several important trends, including persistent inflation and soaring gas prices.

Alan Blinder, former Federal Reserve vice chair, thinks that it's likely the U.S. will fall into a recession next year.

Sterling hit a two-year low versus the U.S. dollar following the GDP data as traders digested growing uncertainty about the U.K.'s economic outlook.

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says.

China on Monday posted better-than-expected GDP growth in the first quarter, though retail sales for March slumped amid ongoing Covid lockdowns on the mainland.

Though the economy may be the focus of November’s congressional elections, other divisive topics -- some new, some perennial -- will also vie for attention from voters. These so-called wedge issues are being fanned mostly by Republicans, who see little downside in taking on polarizing issues that might motivate conservative voters. The Supreme Court, with six of its nine seats filled by conservative justices appointed by Republicans, seems poised to stir things up even further with upcoming deci

Biden Economy FILE - President Joe Biden speaks at the North America's Building Trades Unions (NABTU) Legislative Conference at the Washington Hilton in Washington, April 6, 2022. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. One consequence of higher prices is that Americans began to use less oil and gas. But the key message that the White House wants to deliver in response to public fears about the economy is that Biden understands their concerns.

Biden Economy FILE - President Joe Biden speaks at the North America's Building Trades Unions (NABTU) Legislative Conference at the Washington Hilton in Washington, April 6, 2022. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. One consequence of higher prices is that Americans began to use less oil and gas. But the key message that the White House wants to deliver in response to public fears about the economy is that Biden understands their concerns.

Biden Economy FILE - President Joe Biden speaks at the North America's Building Trades Unions (NABTU) Legislative Conference at the Washington Hilton in Washington, April 6, 2022. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts. One consequence of higher prices is that Americans began to use less oil and gas. But the key message that the White House wants to deliver in response to public fears about the economy is that Biden understands their concerns.

Some futurists depict Michigan and the Great Lakes as “climate havens” that will lure people and businesses weary of worsening drought, wildfire, hurricanes and other disasters. Not so fast, skeptics say.

Elizabeth Economy looks closely at Xi Jinping's push to make China the center of the world.

Economic activity jumped by 6.9% in the last three months of last year, beating forecasts.

Germany Economy Containers are handled at a logistic port in Duisburg, Germany, Tuesday, Jan. 25, 2022. Europe's biggest economy, has picked up unexpectedly after a six-month slide, a closely watched survey showed Tuesday. (AP Photo/Martin Meissner) (Martin Meissner)BERLIN — (AP) — The German government on Wednesday cut its growth forecast for this year, but said that Europe's biggest economy remains “robust” and will return to its pre-pandemic size in 2022. The Economy Ministry predicted that gross domestic product will grow by 3.6%, down from the 4.1% Germany's previous government forecast in late October. On Tuesday, a closely watched survey showed business confidence unexpectedly picking up in January after a six-month slide.

The German economy grew by 2.7% in 2021, despite another year of surging Covid-19 cases, pandemic-related restrictions and supply chain pressures.

WASHINGTON — (AP) — The U.S. last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended. The Treasury Department reported Wednesday that the December deficit of $21.3 billion was the smallest monthly deficit since a $13 billion shortfall in December 2019. In the October-December period, government revenues were up 30.1% compared to the same period a year ago. Government spending during that period rose by a much smaller 3.8% compared to the same period a year ago to $1.43 trillion. The December deficit of $21.3 billion compared to a deficit in December 2020 of $143.6 billion.

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

LONDON — (AP) — The British economy slowed down during the third quarter of the year as widespread supply chain problems hobbled the recovery from the coronavirus pandemic, official figures showed Thursday. The increase was slightly below market expectations and lower than the second quarter's 5.5% boost. The third-quarter result means the British economy remains 2.1% below where it was before the pandemic struck in March 2020. Over the summer, Britain witnessed an array of supply chain problems tied to disruptions caused by the pandemic and Britain’s departure from the European Union. That was evident in the recent long lines seen at gas stations amid a shortage of truck drivers.

A large Russian island north of Japan will be a testing ground for Moscow’s efforts to reconcile its prized fossil fuel industry with the need to do something about climate change

October's job creation was strong in almost every sector, as hiring across industries helped the broader U.S. economy rebound from a late-summer lull.

Can free flights and rent lure the foreign workers back to Australia who quit when Covid arrived?

Yes, growth was weaker than forecast in the third quarter, but the latest GDP report also shows that the softness is temporary.

Virus Outbreak Japan FILE - In this Sept. 11, 2019, file photo, newly appointed Economy and Fiscal Policy Minister Yasutoshi Nishimura speaks during a press conference at the prime minister's official residence in Tokyo. (AP Photo/Eugene Hoshiko, File) (Eugene Hoshiko)TOKYO — (AP) — Japan’s government says more than 50% of the population has been fully vaccinated. The government is studying a roadmap for easing restrictions around November when a large majority of the population is expected to be fully vaccinated. That would allow fully vaccinated people and those who test negative to travel, gather for parties or attend mass events. Japan last Friday extended the ongoing state of emergency in Tokyo and 18 other areas until Sept. 30.

The Taliban's hold over the country is not in dispute but it is facing challenges from women against its extreme version of sharia law and guerrilla fighters in Afghanistan's north.

Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We're not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators and students. Powell said that, while it is not yet clear if the delta variant of COVID will have further impact on the economy, the country has already seen significant changes since the pandemic began shutting the country down in March 2020.

Americans spent more last month on clothing, electronics and dining out as the economy opened up and there were fewer pandemic-related restrictions. U.S. retail sales rose a seasonal adjusted 0.6% in June from the month before, the U.S. Commerce Department said Friday. The increase was a surprise to Wall Street analysts, who had expected sales to fall slightly last month. Sales at bars and restaurants rose 2.3%, according to Friday's report. Clothing store sales rose by 2.6%, and sales at electronic shops were up 3.3%.

LONDON — (AP) — Official figures show that the British economy rebounded further in May following another easing of lockdown restrictions, though the increase was about half that expected by economists. The Office for National Statistics said Friday that the economy grew by 0.8% during May. Though the British economy has now grown for four months in a row, May's increase was lower than April's 2.3% and below market expectations for a 1.5% rise. Despite the run of growth, the British economy remains 3.1% smaller than it was in February 2020, the month before the government first put lockdown measures in place to try to contain the coronavirus. This material may not be published, broadcast, rewritten or redistributed without permission.

Britain Economy FILE - In this Monday, April 12, 2021 file photo, people sit, drinking and eating, outside cafes and pubs in Soho, central London, on the day some of England's coronavirus lockdown restrictions were eased by the British government. The easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further ground lost during the coronavirus pandemic, official figures showed Friday June 11, 2021. The four nations of the U.K. — England, Scotland, Wales and Northern Ireland — have been lifting lockdown restrictions in stages after new coronavirus infections fell sharply and vaccines were rolled out rapidly. Despite the growth recorded in April, the British economy remained 3.7% smaller than it was in February 2020, before the U.K.'s first virus lockdown. The British economy is expected to regain more ground over the summer as remaining restrictions are lifted.

Federal Reserve Beige Book FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve reports that the U.S. economy grew at a somewhat faster pace from early April to late May despite adverse effects from supply chain disruptions. The Fed’s latest survey of economic conditions around the nation released Wednesday, June 2 2021, said that several Fed districts reported positive effects on the economy from increased vaccination rates and relaxed social distancing measures. (AP Photo/Susan Walsh, Pool, File) (Susan Walsh)WASHINGTON — (AP) — The U.S. economy grew at a somewhat faster pace in April and May despite disruptions that choked supplies to the nations manufacturers, the Federal Reserve reported Wednesday. In the Fed's latest survey of economic conditions around the nation, several of the central bank's districts reported increased vaccination rates and relaxed social-distancing measures were having a positive impact on the economy.

The Office for National Statistics also said Wednesday May 12, 2021, that the economy even managed to grow by 2.1% in March when the country began easing some restrictions. The overall first quarter figures provide further evidence that businesses and consumers have adapted to the constraints of lockdown by increasing their online activities. In the second quarter of 2020, when the first lockdown was in place, the British economy contracted by a fifth. Treasury chief Rishi Sunak said the March performance is “a promising sign of things to come.”Despite the March bounceback, the British economy remins 8.7% smaller than it was on the eve of the pandemic. The Bank of England even thinks that the British economy will have recouped all its COVID-related losses by the end of this year.

LONDON — (AP) — Official figures show that the British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus. The Office for National Statistics also said Wednesday that the economy even managed to grow by 2.1% in March when the country began easing some of the restrictions. The overall first quarter figures provide further evidence that businesses and consumers have adapted to the constraints of lockdown by increasing their online activities. In the second quarter of 2020, when the first lockdown was in place, the British economy contracted by a fifth. Still imports from Europe remained sluggish in the first three months of the year, outstripped by non-EU imports for the first time on record.

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, says Bank of England.

The economy rose 6.4% in the first quarter.

The economy rose 6.4% in the first quarter.

The U.S. recovery likely found its rhythm in the first three months of 2021, according to early forecasts of data to be released by the Bureau of Economic Analysis this morning. It appears likely all Covid-19-era losses will be recovered by the middle of this year.

CNBC's Jim Cramer on Monday advised that retail investors ignore talk of a potential market top with the economy in recovery mode.

Pedestrians walk outside the New York Stock Exchange in the U.S. The U.S. economy is recovering from the Covid-19 recession, but some economic "scarring" may take a long time to heal, said Richmond Federal Reserve Bank President Thomas Barkin. Economic scarring refers to damage left behind by crises that will suppress growth prospects over the medium or long term. "I'm hopeful we're on the brink of completing this recovery," Barkin said Monday at the Credit Suisse Asian Investment Conference that's being held virtually this year. The U.S. economy contracted by 3.5% in 2020 compared to a year ago, estimated the Bureau of Economic Analysis.

Lightfoot’s plan created a six-month payment plan that reduces required down payments and gives those with ticket debt more time to pay. The plan also allowed people to request a 24-hour extension to pay their fines in full or get on a payment plan after their vehicles are locked with a Denver boot, though the plan does not ban use of the controversial device that has been the bane of many motorists’ existence.

Without stimulus, employment might not reach pre-pandemic level until 2024 New analysis from the Congressional Budget Office predicts the U.S. economy will return to its pre-pandemic peak in the middle of 2021, but the number of people employed won't return to previous levels until 2024. Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, joins CBSN's "Red & Blue" host Elaine Quijano to discuss what she thinks the federal government should do to aid the economy.