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MONEY


Florida’s Freedom Week: Here’s a list of what to buy tax-free

The Fourth of July weekend calls for all sorts of items such as grills, canoes, camping gear or event tickets.

What to expect for Amazon Prime Day 2022

Set your calendars for July 12 and 13 for this year's Prime Day sale.

President Biden calls for 3-month suspension of gas tax. Here’s how much you would save

President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures.

Glastonbury: Fans descend on festival amid travel disruption

Worthy Farm will welcome more than 200,000 festival-goers, but some are now nervous about the trip.

bbc.co.uk
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What is skills-based training?

It’s where students learn specific skills needed to perform tasks associated with a career.

Gas prices drop in Florida. How low will they go?

Gas prices take a dip in Florida.

Baseball commissioner Rob Manfred says Rays, A’s need new ballpark deals soon

Baseball Commissioner Rob Manfred says the Tampa Bay Rays and Oakland Athletics need to reach new ballpark deals soon and left open the strong possibility of considering relocation if agreements are not struck.

How to save money as consumer prices keep rising

Inflation continues to batter consumers, but there are still ways to lessen the bite.

Russia's economy in for a bumpy ride as sanctions bite

Four months after Russia invaded Ukraine, the economy still works but it lacks some of its parts.

bbc.co.uk
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Breaking down the latest trends in homeowners insurance costs, rental properties

Why have there been more insurance claims of late? And what do you need to know about renting out a property?

Spirit Airlines, a bidding war target, postpones buyout vote

Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday vote on whether to accept one of those buyout offers after a flurry of counter proposals from JetBlue and Frontier Airlines.

Consumers admit using credit cards to cover monthly expenses

Florida consumers who are struggling with the high price of everything from gasoline to food should consider a new budget mantra: “Is it a need or a want?”

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Why higher mortgage rates still shouldn’t dissuade buyers from looking for a home

Rates have jumped from just under 3% at this time last year to more than 5% at the moment, adding yet another wrinkle to a predominantly seller’s market.

Suze Orman's three rules to easily budget money as a couple

Suze Orman has never shared a bank account with her partner of over 20 years. The financial expert recommends couples follow three steps to managing money.

cnbc.com
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5 ways efficient doors, windows can add to your home’s value and help you save money

While areas such as bathrooms or kitchens get a lot of attention with remodels, windows and doors can also be ways to save money and add value.

Rebuffed by Spirit, JetBlue goes hostile in takeover bid

JetBlue is going hostile in its bid for Spirit Airlines.

Federal Reserve may freeze labor to fight inflation, experts say

America has been bogged down with the worst inflation in decades. Economist Sean Snaith blamed bad policy in response to the COVID-19 pandemic.

Orange County man wins $2 million top prize on $10 scratch-off game

An Orange County man scored a big win off his $10 scratch-off game purchase.

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US producer prices surge 11% in April as food prices jump

U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.

US inflation dips from 4-decade high but still causing pain

Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices.

As gas prices hit record highs, here’s how to get better mileage

The dollars-and-cents counter on the gas pump seems to be spinning faster these days with U.S. gasoline prices hitting another record high on Tuesday.

Covid breach court case criticised by gym owner

Alex Lowndes' gym faced prosecution for opening in lockdown but the case was thrown out of court.

bbc.co.uk

Spirit still prefers bid from Frontier Airlines over JetBlue

Spirit Airlines’ board still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it determined JetBlue’s competing $3.6 billion offer isn’t a superior proposal.

Gas prices jump again in Florida, up $1.40 per gallon from year ago

The state average is 8 cents more than a week ago and $1.40 per gallon more than this time last year.

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Why do taxes of a property go up when it’s sold?

On this latest episode of “You Have Real Estate” with Attorney Justin Clark, Seminole County appraiser David Johnson gives insight on property taxes and home values in the area.

5 reasons why having a landline phone can still be beneficial

While many are turning to cellphones because they are cheaper and can be used anywhere, there still is some value to having a landline.

Elon Musk reaches deal to acquire Twitter for $44 billion

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.

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2 Central Florida men win $1 M each on scratch-off game

A $50 scratch-off game recently paid off for two Central Florida men.

Tory donor’s 'link' to sanctioned oligarch’s secret London property

A major donor was listed as a director of a firm secretly owned by a Russian oligarch close to Putin.

bbc.co.uk

Q&A: DeSantis vs. Disney, what does it mean?

News 6 political expert Jim Clark weighs in on a special session in Florida that could do away with the Reedy Creek District at Disney World.

An Easter primer: Facts, figures you might not have known about the celebration

Here’s a synopsis of both the historical elements of Easter that people might not know about, and the modern financial windfall Easter is expected to be in 2022.

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What are higher interest rates doing to the real estate market?

On this latest episode of “You Have Real Estate” with Attorney Justin Clark, Orlando-area Realtors Rose Kemp and Eric Mock discussed what those higher interest rates are doing to the market.

Here’s why US inflation is so high and how long it could linger

Another month, another four-decade high for inflation.

Gas prices drop 10 cents per gallon in Florida. Here’s why

Gas prices in Florida are the lowest they have been in more than a month.

Biden waiving ethanol rule in bid to lower gasoline prices

President Joe Biden has journeyed to corn-rich Iowa to announce he's suspending federal rules that restrict ethanol in gasoline, aiming to strike at least a small blow against surging inflation.

US inflation jumped 8.5% in past year, highest since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

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California woman wins $10M after ‘accidentally’ purchasing scratch-off game

LaQuedra Edwards won the prize after buying a 200X Scratchers ticket at a Los Angeles County supermarket back in November, the California Lottery announced in a news release Wednesday.

5 things I learned about inflation, after talking to an expert

Inflation is the topic of the month in our solutions journalism show, “Solutionaries.”

Best February ever: Orange County tourism tax collections set new record

Orange County announces its latest revenue numbers.

Ex-P&O Ferries chef sues for unfair dismissal

John Lansdown is the only seafarer out of the 800 sacked at short notice to take P&O to a tribunal.

bbc.co.uk

Inflation and car prices: What’s going on? How did this happen?

It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.

Aluminum shortage impacting cat food, canned beer, and more

Shortages continue to plague grocery stores and now the latest victims appear to be cat food and canned beer.

With soaring gas prices, EVs and public transportation have never looked more attractive

The nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.

An easy guide to help college students set up their first budget

Setting up your first budget may seem daunting, but it's actually really simple! Here are a few quick tips to help college students set up their first budget.

cnbc.com

We asked how inflation is affecting your life. Here’s what you had to say.

Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?

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5 situations in which pets can be used for tax breaks

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

Firms must choose between Russia and West, says US

Wally Adeyemo, a top US politician, says the West is committed to issuing more sanctions on Russia.

bbc.co.uk

Texas woman's video of busting credit card skimmer goes viral

A Texas woman’s TikTok video of her busting a credit card skimmer at a 7-Eleven has gone viral. NBC News’ Morgan Chesky meets with the woman to discuss how she was able to detect the scam.

news.yahoo.com

Seminole County man claims $5 million on scratch-off game

A Seminole County man claimed a $5 million prize after purchasing a winning scratch-off ticket.

Walt Disney World resorts that won’t break the bank

With 18 hotels and 23,000 hotel rooms, families swarm to Florida to enjoy the heat and take in the magic of Disney. Looking to spend more money in the parks and less on a hotel? Let us show you the...

Tell us: How is inflation affecting your life?

Inflation is a word that fills many with dread. A recent Harris Poll found that 55% of Americans are worried about inflation and what it will do to their cost of living.

Ships are sitting offshore containing items that we desperately need -- what can be done?

If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.

How do your county’s current gas prices compare to last week, last month?

If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.

The Russians trapped on a Thai island as war rages in Ukraine

Thousands of Russian and Ukrainian tourists are stuck in Phuket, unable to go home.

bbc.co.uk
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Traveling by car this spring break? This is what it could cost.

It’s no secret: Traveling by vehicle has gotten pretty pricy recently.

2 Central Floridians win $1M each on scratch-off game

Two Central Floridians scratched their way to $1 million.

6 free things to do on your next Disney World vacation -- yes, really

We'll bet you never thought the words "Disney" and "cheap" could go in the same sentence. Well, guess again.

Gas prices inch down in Florida

Gas prices have slightly dipped in the past couple of days.

🔓Tax day is approaching. Do you have questions?

Insiders, we want to answer your questions about filing your taxes this year.

Quiz: How much do you know about income tax?

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

Inflation has Fed critics pointing to spike in money supply

But central bank officials say economy has changed since high-inflation days of the 1970s.

washingtonpost.com

Matt Damon, Jimmy Fallon and the celebrity-cryptocurrency industrial complex

Matt Damon, Tom Brady, Paris Hilton and other celebs are peddling NFTs and cryptocurrency. Of course they are.

washingtonpost.com

Iowa, Texas Republicans hail benefits from Biden infrastructure bill they opposed

“Since the bill was signed into law, this money was going to be spent regardless. If there’s federal money on the table she is, of course, going to do everything she can to make sure it is reinvested in Iowa,” Seid said in a statement. “That’s why she worked with a bipartisan group of her colleagues in asking the U.S. Army Corps of Engineers to prioritize NESP construction along the Upper Mississippi River.”

washingtonpost.com
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Anti-apartheid icon Desmond Tutu dies aged 90

South African anti-apartheid icon Archbishop Desmond Tutu, described as the country's moral compass, has died at the age of 90, sparking an outpouring of tributes for the outspoken Nobel Peace Prize winner.

news.yahoo.com

Covid in Wales: New rules cause confusion and empty pubs

New restrictions are affecting the hospitality sector on what should be one of its busiest times.

bbc.co.uk

Seminole County commissioners to approve nearly $3 million to help homeless shelter

Seminole County homelessness Commissioners are set to vote on spending nearly $3 million of American Rescue Plan money to help the homeless. (wftv.com)SEMINOLE COUNTY, Fla. — Commissioners are set to vote on spending nearly $3 million of American Rescue Plan money to help the homeless. County officials said the number of people who are out on the streets was made worse by the pandemic. The only emergency homeless shelter in Seminole County has about 115 beds for men, women and children in Seminole County. Commissioners are expected to approve that $2.8 million for the shelter next Tuesday at their meeting.

wftv.com

Suze Orman: Don't get a joint bank account. Here's how couples should budget their money

Suze Orman has never shared a bank account with her partner of around 20 years. The financial expert recommends all couples follow this formula to pay bills.

cnbc.com

91% of people with health savings accounts make this mistake

Most HSA owners don't invest their savings. That could short-change them over the long term.

cnbc.com

The Most Important Number of the Week Is 61.07

Bond traders aren’t panicking about higher yields, which should bring some comfort to stock investors.

washingtonpost.com

Crypto tax: ‘MiamiCoin’ has made the city $7 million so far, a potential game-changer for revenue collection

MiamiCoin has generated roughly $7 million for the city since its August launch, and Mayor Francis Suarez said cryptocurrency contributions could one day replace city taxes.

washingtonpost.com

Music company buys NFT of 'Side-eyeing Chloe' meme

The image of two-year-old Chloe Clem making a disapproving face was auctioned in cryptocurrency.

bbc.co.uk

The Activist: Priyanka Chopra 'sorry' for role on reality show

The show was originally pitched as a competition series but will now become a documentary.

bbc.co.uk
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Emmett Till memorial sign missing days after 66th anniversary of his death

The sign dedicated to the 14-year-old appears to have been hit by a car and removed.

cbsnews.com

Lebanon agrees to pay World Bank loan to the poor in dollars

Lebanon’s government has agreed to pay tens of thousands of poor families cash assistance in U.S. dollars from a World Bank loan as the country’s economic crisis deepens

washingtonpost.com

After ‘legalized bank robbery,’ Floyd Mayweather buys massive house in Miami Beach

Floyd Mayweather is the proud owner of a mansion in Miami Beach, after throwing down serious coin last week.

news.yahoo.com

Love and money: 'I borrowed from a friend, it went wrong'

After sleeping on the night bus with her daughter, Jo was forced to borrow money.

bbc.co.uk

Climate change: Low-income countries 'can't keep up' with impacts

Officials warn that the severity of natural disasters is outpacing efforts to prevent their damage.

bbc.co.uk

Yami "Rowdy" Lofvenberg: The top hip-hop dancer who can’t count the beats

Dancer Yami "Rowdy" Lofvenberg was labelled "stupid" at school. Now she has returned to education - as a lecturer.

bbc.co.uk

'Covid vaccine scammers nearly got me'

Sioban Moore escaped disaster by a whisker after receiving a fake email inviting her for a jab.

bbc.co.uk

Hints From Heloise: For back to work and school, organize the closet

Keep in mind that items you no longer wear can often be used by someone else.

washingtonpost.com

Met Police seize record £180m of cryptocurrency in London

The seizure is the largest of its kind in the UK - beating the previous record set just weeks ago.

bbc.co.uk
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Euro 2020: England and Villa fan conned out of £2k for final tickets

Ben Moore says he was "sceptical" about the offer but messages on Twitter looked "so genuine".

bbc.co.uk

Sainsbury's stops selling CDs and DVDs

The supermarket giant says its customers increasingly go online for their entertainment.

bbc.co.uk

'Predictably Irrational' author says people often underestimate how much their dream retirement will cost. Here's the real number

People underestimate how much their ideal retirement will cost, according to author Dan Ariely, a professor at Duke University. Here's how much you'll need.

cnbc.com

WXYZ: Child Tax Credit Payments Begin July 15. Here's What To Know

While the money could offer relief to families, some parents may want to opt out.

newsy.com

D.C. affordable housing: Bowser?s record investment won?t fully meet need, but puts suburbs to shame

Flood of federal dollars and new D.C. zoning plan could be game-changers for affordable housing.

washingtonpost.com

'I've been ghosted by my insurer'

Thousands of small businesses are still waiting for Covid-related insurance payouts.

bbc.co.uk

3 easy ways to make sure your 401(k) investments are on the right track

Whether you're setting aside cash for retirement or are simply trying to grow your wealth, you should be in control of your finances.

cnbc.com

FTC says cryptocurrency scams are skyrocketing

As the number of Americans investing in cryptocurrency has increased, so too have the scams. The Federal Trade Commission released new data showing cryptocurrency-related investment scams have skyrocketed.

washingtonpost.com

Vote? Not yet. Invest? Yes. Fidelity launches teen accounts

Teenage Investing Fidelity FILE - In this Oct. 14, 2019 file photo a Fidelity Investments logo is attached to a building, in Boston. Fidelity is launching a new type of account for teenagers to save, spend and invest their money. The teens can make their own trades through a simplified experience on Fidelity's mobile app, with zero account fees or minimum balances, though the youth account requires a parent or guardian to have their own Fidelity account as well. Fidelity began a pilot of the youth account program in the middle of 2020. "This is positioned as a way for parents to have good conversations with their children," Dintenfass said of the new youth account.

wftv.com
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Lockdown easing: How to socialise without breaking the bank

If your bank balance is looking anything but healthy right now, this might help.

bbc.co.uk

Covid: Bolton Indian variant surge leaves hospitality nervous

Pub and cafe owners in Bolton are apprehensive about reopening amid a rise in the Indian variant.

bbc.co.uk

FTC shuts down savings app Beam under tentative settlement

Beam aimed to let users earn higher interest rates on their money by engaging with its mobile savings app. Beam — the mobile savings app that imploded last year after a CNBC investigation revealed dozens of customers were unable to get their money out — has been shut down for good under a tentative settlement with the Federal Trade Commission. As part of the settlement, Beam is banned from operating a mobile banking app or any other product or service that can be used to deposit, store, or withdraw funds. Under the settlement, neither Beam nor Du admit wrongdoing. Beam, which launched in 2019, billed itself as "the first mobile high-interest savings account for the 99%."

cnbc.com

The new $1,400 stimulus checks would cost over $400 billion. Here's how Congress plans to get the funds

President Joe Biden's Covid relief plan is making its way through Congress. The $1.9 trillion bill includes money for a myriad of programs, including enhanced unemployment benefits, vaccination efforts and $1,400 stimulus checks. Funding new relief spending involves an interesting way of borrowing and figuratively printing money, according to Sahil Bloom, a financial educator and vice president at Altamont Capital Partners. Bloom said the government can create money without actually printing physical currency. Check out this video to see who actually "clicks the button" and to learn how the process can backfire.

cnbc.com

Chicago spent $367 million on overtime in 2020, double what Mayor Lori Lightfoot budgeted

“I don’t think they got their money’s worth. I think most of our statistics, particularly those related to crime show that doling out overtime like drunken sailors didn’t make our city safer. As we’ve seen twofold increases in carjackings, violent crime ... significantly higher than the year previous and in some cases the highest it’s been in five years, all that extra money was spent with nothing to show for it,” Lopez said.

chicagotribune.com

The best free resources to help you learn how to manage your money

There are so many ways to earn, manage and invest your money that it really takes some preparation to get it right. Here is a list of some great free resources to learn more about managing your money. Government ResourcesSeveral government agencies offer free learning resources for new investors. Here are some of my favorite resources:The IRS' Interactive Tax Assistant program offers a plethora of answers to common tax issues and questions. The Social Security Administration also offers excellent resources for mapping out any benefits for which you might qualify - how much you can anticipate to receive in Social Security or SSDI benefits; Medicare; and more.

cnbc.com

Biden says he told foreign leaders "America is back"

What is the GSA, and what role does it play in the transition?

cbsnews.com

Retired motorcycle cop gives $5,000 to unemployed preschool teacher after News 6 report

Just hours after the single moms story was broadcast on News 6 at 7 p.m., retired officer Larry Saxon contacted News 6 to offer DaCosta help. [PREVIOUS: Florida preschool teacher caught in unemployment red tape]I did 25 years in law enforcement, 22 of them with the city of Coral Springs," Saxon said. Ive driven up and around that school in Coral Springs.Christ Church Coral Springs furloughed teachers as students stopped attending because of the COVID-19 pandemic. Nine weeks after being furloughed on March 23, the single mother of two girls -- ages 11 and 13 -- has not received an unemployment check. News 6 found that while working at the nonprofit school, administrators never paid the payroll deduction for unemployment.

US economy shrank at 5% annual rate in Q1

It was the biggest quarterly decline since an 8.4% fall in the fourth quarter of 2008 during the depths of the financial crisis. The downward revision to first quarter GDP reflected weaker investment by businesses in their inventories which was partially offset by slightly stronger consumer spending. Economists believe the lockdowns that shut wide swaths of the economy and triggered the layoffs of millions of workers will send the GDP sinking at an annual rate of 40% in the current quarter. That would be the biggest quarterly decline on records that go back to 1947. Many forecasters believe growth will rebound sharply in the July-September quarter with the Congressional Budget Office predicting GDP will rise at an annual rate of 21.5%.

Many more likely sought US jobless aid even as layoffs slow

WASHINGTON The U.S. government is set to sketch its latest picture Thursday of the layoffs that have left tens of millions of people unemployed but have slowed as states increasingly allow businesses to reopen. Even with companies calling some laid-off employees back to work, millions more likely filed for unemployment benefits last week after nearly 39 million sought aid in the previous nine weeks as the coronavirus paralyzed the economy. The pace of layoffs has declined for seven straight weeks, a sign that the cratering of the job market may have bottomed out. The job cuts reflect an economy that was seized by the worst downturn since the Great Depression after the virus forced the widespread shutdown of businesses. The economy is thought to be shrinking in the April-June quarter at an annual rate approaching 40%.

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