SURFSIDE

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008.

Developers and city officials are pushing back on family members’ expectations for a memorial for 98 people who died last year when a beachfront Florida condominium building collapsed.

Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come.

Homebuyers are regaining leverage at the negotiating table as the housing market slows, new data from Redfin shows.

Lottery Jackpot FILE - In this Wednesday, July 27, 2022 file photo, Mega Millions lottery tickets are shown at a lottery retailer in Surfside, Fla. A giant Mega Millions lottery jackpot ballooned to over $1 billion after no one matched all six numbers and won the top prize. That last time someone hit the Mega Millions jackpot was April 15. If no one wins the Mega Millions jackpot Friday night, lottery officials expect the prize will grow to $1.7 billion for the next drawing Tuesday, making it the nation’s largest lottery prize. Before rushing out to spend $2 on a ticket, keep in mind that the odds of winning the Mega Millions jackpot are a staggering 1 in 302.5 million. The estimated $1.28 billion prize is for players who get their winnings through an annuity, paid annually over 29 years.

Lottery Jackpot FILE - In this Wednesday, July 27, 2022 file photo, Mega Millions lottery tickets are shown at a lottery retailer in Surfside, Fla. A giant Mega Millions lottery jackpot ballooned to over $1 billion after no one matched all six numbers and won the top prize. (AP Photo/Wilfredo Lee, File) (Wilfredo Lee)DES MOINES, Iowa — (AP) — A $1.1 billion lottery prize will be on the line Friday night as numbers are drawn for the Mega Millions game. That last time someone hit the Mega Millions jackpot was April 15. Before rushing out to spend $2 on a ticket, keep in mind that the odds of winning the Mega Millions jackpot are a staggering 1 in 302.5 million. If no one wins the Mega Millions jackpot Friday night, the prize will grow even larger ahead of the next drawing Tuesday night.

Lottery Jackpot FILE - In this Wednesday, July 27, 2022 file photo, Mega Millions lottery tickets are shown at a lottery retailer in Surfside, Fla. A giant Mega Millions lottery jackpot ballooned to over $1 billion after no one matched all six numbers and won the top prize. (AP Photo/Wilfredo Lee, File) (Wilfredo Lee)DES MOINES, Iowa — (AP) — A $1.1 billion lottery prize will be on the line Friday night as numbers are drawn for the Mega Millions game. That last time someone hit the Mega Millions jackpot was April 15. Before rushing out to spend $2 on a ticket, keep in mind that the odds of winning the Mega Millions jackpot are a staggering 1 in 302.5 million. The $1.1 billion prize is for players who get their winnings through an annuity, paid annually over 29 years.

Facebook News Partnerships FILE - The Facebook app is shown on a smart phone in Surfside, Fla., Friday, April 23, 2021. Meta Platforms said Thursday, July 28, 2022, it will no longer pay U.S. news organizations to have their material appear in Facebook's News Tab as it reallocates resources in the economic downturn. The company said Thursday that most of people “do not come to Facebook for news, and as a business it doesn’t make sense to over invest in areas that don’t align with user preferences.”Meta, then called Facebook, launched the partnerships in 2019. Meta does not pay for news content that outlets post on its platform. This material may not be published, broadcast, rewritten or redistributed without permission.

Meta Platforms says it will no longer pay U.S. news organizations to have their material appear in Facebook's News Tab as it reallocates resources in the economic downturn.

One of the nation’s biggest lottery prizes has grown a little bigger as the Mega Millions jackpot increased to an estimated $1.1 billion.

On the first anniversary of the Surfside condo collapse, many families of those killed say they remain in a state of limbo. A judge on Thursday gave final approval for a $1 billion settlement to families who lost loved ones, but it offers no answers as to what happened, and assigns no blame.

Building Collapse Miami FILE - Search and rescue personnel work atop the rubble at the Champlain Towers South condo building, where scores of people remain missing after it partially collapsed the week before June 30, 2021, in Surfside, Fla. Friday, June 24, 2022, marks the anniversary of the oceanfront condo building collapse that killed 98 people in Surfside, Florida. The disaster at Champlain Towers South also turned into the largest emergency response that didn't involve a hurricane in Florida history. First Lady Jill Biden is expected to speak at a public event organized by the town of Surfside. Champlain Towers South had a long history of maintenance problems, and shoddy construction techniques were used in the early 1980s. Although the investigation is expected to take years, a judge approved a compensation settlement topping $1 billion Thursday for the victims.

Building Collapse Miami FILE - Search and rescue personnel work atop the rubble at the Champlain Towers South condo building, where scores of people remain missing after it partially collapsed the week before June 30, 2021, in Surfside, Fla. Friday, June 24, 2022, marks the anniversary of the oceanfront condo building collapse that killed 98 people in Surfside, Florida. The disaster at Champlain Towers South also turned into the largest emergency response that didn't involve a hurricane in Florida history. First Lady Jill Biden is expected to speak at a public event organized by the town of Surfside. Champlain Towers South had a long history of maintenance problems, and shoddy construction techniques were used in the early 1980s. Although the investigation is expected to take years, a judge approved a compensation settlement topping $1 billion Thursday for the victims.

A year has passed since the oceanfront condo building collapse that killed 98 people in Surfside, Florida.

The $1.2 billion settlement is for unit owners and families of those who died in the condo tower. It was finalized one day before the anniversary of the disaster in which 98 people died.

Building Collapse Miami FILE - The site where the Champlain Towers South collapsed killing 98 people is shown on April 14, 2022, in Surfside, Fla. The decision by Miami-Dade Circuit Judge Michael Hanzman came a day before the one-year anniversary of the Champlain Towers South disaster in the Miami suburb of Surfside. Champlain Towers South had a long history of maintenance problems and questions have been raised about the quality of its original construction and inspections in the early 1980s. The death toll in the Champlain Towers collapse ranks among the highest in U.S. history among similar disasters. The 1981 Hyatt Regency walkway collapse killed 114 people and a Massachusetts mill disaster in 1860 killed between 88 and 145 workers.

A judge has given final approval to a settlement of more than $1 billion for victims of the collapse of a Florida beachfront condominium.

Average long-term U.S. mortgage rates inched up this week following last week’s mammoth jump, the biggest in 35 years.

People have compared the survival of a teenage boy in one of the deadliest collapses in U.S. history to the Bible story of Jonah and the whale.

Baby Formula Shortage A can of Toddler Nutritional Drink is shown on a shelf in a grocery store, Friday, June 17, 2022, in Surfside, Fla. (AP Photo/Wilfredo Lee) (Wilfredo Lee)WASHINGTON — (AP) — The Biden administration announced Wednesday that it is providing logistical support to import the equivalent of about 16 million 8-ounce baby formula bottles from Mexico starting this weekend, as part of its efforts to ease nationwide supply shortages caused by the closure of the largest U.S. manufacturing plant. Trucks contracted by the Department of Health and Human Services will drive about 1 million pounds of Gerber Good Start Gentle infant formula from a Nestlé plant to U.S. retailers, the White House said, nearly doubling the amount imported to the U.S. to date. Cargo flights from Europe and Australia already have brought baby formula into the U.S., including two new rounds of air shipments that begin this weekend. The White House has been working to make supply more available as it has faced pressure from parents over supply issues after regulators in February shuttered a Michigan plant run by Abbott that is the largest domestic manufacturer of baby formula over safety concerns. The White House says that by June 26, it efforts, dubbed “Operation Fly Formula," will have brought 32 flights and almost 19 million 8-ounce bottle equivalents of infant formula into the U.S.

First Lady Jill Biden will arrive at the Palm Beach International Airport in West Palm Beach Thursday afternoon as part of the administration’s Cancer Moonshot initiative, according to a news release.

Building Collapse Miami FILE - The site where the Champlain Towers South collapsed killing 98 people is shown on April 14, 2022, in Surfside, Fla. The building in Surfside, Florida, collapsed without warning early on June 24, 2021, leaving 98 people dead. Florida will require statewide recertification of condominiums more than three stories tall under new legislation Republican Gov. NIST also said investigators have developed a questionnaire for interviews of anyone who may have information about the collapse. The agency has said it could take years to complete its investigation into the collapse.

The federal investigation into the deadly collapse of a Florida beachfront condominium building is entering a new phase that involves cutting and drilling into concrete and steel to determine what role they played.

Attorneys who worked to secure settlements topping $1 billion in the collapse of a beachfront Florida condominium building in which 98 people died are requesting about $100 million in fees and costs.

Condominium Collapse Florida FILE - Rescue crews work at the site of the collapsed Champlain Towers South condo building after the remaining structure was demolished Sunday, in Surfside, Fla., Monday, July 5, 2021. (AP Photo/Lynne Sladky, File) (Lynne Sladky)A Florida judge on Saturday gave initial approval to a settlement of more than $1 billion to families who lost loved ones in the collapse last year of a Florida beachfront condominium building in which 98 people died. The quick settlement of the unprecedented collapse of the 12-story Champlain Towers South building in the early morning hours of June 24, 2021, means that potentially years of court battles will be avoided. The National Institute of Standards and Technology is investigating the cause of the collapse, a process expected to take years. Champlain South had a long history of maintenance problems and questions have been raised about the quality of its original construction and inspections in the early 1980s.

A Florida judge has given gave initial approval to a settlement of more than $1 billion to families who lost loved ones in the collapse last year of a Florida beachfront condominium building in which 98 people died.

A Florida judge has given gave initial approval to a settlement of more than $1 billion to families who lost loved ones in the collapse last year of a Florida beachfront condominium building in which 98 people died.

The agreement to end litigation over the Champlain Towers South tragedy awaits approval by Circuit Judge Michael Hanzman, but that should just be a formality. Additionally, nearly $100 million will be split by those who lost their property in the collapse. Expand Autoplay Image 1 of 9 Families of those lost in Surfside building collapse reach settlement (Associated Press)The money comes from several sources, including insurance companies, engineering companies and a luxury condominium that had recently been built next door. Champlain South had a long history of maintenance problems and questions have been raised about the quality of its original construction and inspections in the early 1980s. The Champlain Towers South was 40 years old and its condominium association had been struggling with compliance at the time of the collapse.

The agreement to end litigation over the Champlain Towers South tragedy awaits approval by Circuit Judge Michael Hanzman, but that should just be a formality. Additionally, nearly $100 million will be split by those who lost their property in the collapse. The National Institute of Standards and Technology is investigating the cause of the collapse, a process expected to take years. Champlain South had a long history of maintenance problems and questions have been raised about the quality of its original construction and inspections in the early 1980s. The Champlain Towers South was 40 years old and its condominium association had been struggling with compliance at the time of the collapse.

Attorneys for the families who lost relatives or homes in last year’s collapse of a Florida condominium tower that killed 98 people have reached a $1.02 billion settlement.

Mortgage Rates FILE - A home with a "Sold" sign is shown, Sunday, May 2, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates fell this week, Thursday, May 26, 2022, for the second week in a row, though interest rates on the key 30-year home loan remain at decade-high levels. (AP Photo/Wilfredo Lee, File) (Wilfredo Lee)WASHINGTON — (AP) — Average long-term U.S. mortgage rates fell this week for the second week in a row, though interest rates on the key 30-year home loan remain at decade-high levels. Economic uncertainty and weakened homebuyer demand continue to loom over mortgage rates. By contrast, the average rate stood at 2.95% a year ago. Besides staggering inflation, rising mortgage rates and soaring home prices, the supply of homes for sale continues to be scarce.

Average long-term U.S. mortgage rates fell this week for the second week in a row, though interest rates on the key 30-year home loan remain at decade-high levels.

What you need to know about the Champlain Towers South (NCD)MIAMI — The site where a South Florida condominium partially collapsed nearly a year ago, killing 98 people, will be sold to a billionaire developer from Dubai. Only three people survived the initial collapse, according to the AP. The proceeds of the sale will go toward a settlement for relatives of victims of the collapse and unit owners. >> Surfside condo collapse: Plaintiffs reach $997M settlementSajwani is a friend and business partner of former President Donald Trump, the Herald reported. Miami-Dade Circuit Judge Michael Hanzman, who is overseeing the case, must approve the sale, according to the Herald.

Condominium Collapse Florida Pablo Langesfeld looks at the name of his daughter Nicole Langesfeld, Thursday, May 12, 2022, in Surfside, Fla. A large banner with the names of the 98 killed in the collapse of the Champlain Towers South building nearly a year ago, was installed around the site. Avison Young is the commercial real estate firm that was appointed to market the land as part of a class-action lawsuit. Most of the Champlain Towers South collapsed suddenly about 1:20 a.m. last June 24 as most of its residents slept. The condominium's residents and visitors formed a melting pot: Orthodox Jews, Latin Americans, Israelis, Europeans and snowbirds from the Northeast. The National Institute of Standards and Technology is investigating the cause of the collapse, a process that is expected to take years.

A billionaire developer from Dubai is set to purchase the site of a South Florida condominium that collapsed last June, killing 98 people, for $120 million after no other bids were submitted by the Friday evening deadline for next week’s auction.

Mortgage Rates FILE - A home with a "Sold" sign is shown, Sunday, May 2, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates retreated modestly this week, Thursday, May 19, 2022, but interest on the key 30-year loan remains at decade-high levels. (AP Photo/Wilfredo Lee, File) (Wilfredo Lee)WASHINGTON — (AP) — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% from 5.3% last week. Besides staggering inflation, rising mortgage rates and higher home prices, the supply of homes for sale continues to be scarce. "Economic uncertainty is causing mortgage rate volatility,” said Freddie Mac Chief Economist Sam Khater.

Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels.

Most of the Champlain Towers South collapsed suddenly about 1:20 a.m. June 24 as most of its residents slept. Harley S. Tropin, who represents the Champlain Towers families, credited the judge for setting the conditions that led to the lawsuit's speedy conclusion. The deck's collapse on June 24 started the cascade of structural failures that ended with the building's partial collapse seven minutes later. The developers of Eighty Seven Park insist their building was constructed safely and played no part in the collapse. "The design, development, and construction of Eighty Seven Park in no way caused or contributed to the collapse of Champlain Towers South.

Most of the Champlain Towers South collapsed suddenly about 1:20 a.m. June 24 as most of its residents slept. Harley S. Tropin, who represents the Champlain Towers families, credited the judge for setting the conditions that led to the lawsuit's speedy conclusion. The deck's collapse on June 24 started the cascade of structural failures that ended with the building's partial collapse seven minutes later. The developers of Eighty Seven Park insist their building was constructed safely and played no part in the collapse. "The design, development, and construction of Eighty Seven Park in no way caused or contributed to the collapse of Champlain Towers South.

Family members of some of the 98 people killed in a Florida condominium collapse last June say they are too deep in mourning to contemplate the nearly $1 billion settlement their attorneys negotiated on their behalf.

A settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June's condominium collapse in Surfside, Florida.

The Champlain Towers South condominium collapsed abruptly on June 24, destroying dozens of units and and burying victims under rubble.

(AP Photo/Mark Humphrey, File) (Mark Humphrey)ST. PETERSBURG, Fla. — (AP) — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June's condominium collapse in Surfside, Florida, an attorney said Wednesday. Champlain Towers was in the midst of its 40-year structural review when it partially crumbled to the ground. The collapse triggered lawsuits from victims, families and condo owners, and prompted state and federal investigations. In December, a Florida grand jury issued a lengthy list of recommendations aimed at preventing another condominium collapse, including earlier and more frequent inspections and better waterproofing. And in February of this year, the Florida House unanimously passed a bill that would require statewide recertification of any condo building above three stories high.

The settlement is still pending approval from the courts.

The settlement is still pending approval from the courts.

ST. PETERSBURG, Fla. — (AP) — A nearly $1 billion tentative settlement has been reached in a class-action lawsuit brought by families of victims and survivors of last June's condominium collapse in Surfside, Florida, an attorney said Wednesday. Earlier this year, Hanzman had approved an $83 million settlement to compensate people who suffered economic losses such as condominium units and personal property. In December, a Florida grand jury issued a lengthy list of recommendations aimed at preventing another condominium collapse, including earlier and more frequent inspections and better waterproofing. The condominium building was located in Surfside, a town just north of Miami Beach. The little-known enclave comprises a mix of older homes and condos similar to the collapsed tower, built decades ago for the middle-class, and recently erected luxury condos drawing the wealthy.

A class-action lawsuit has been settled for $997 million — an amount far greater than most people involved expected it to reach.

ORLANDO, Fla. — Up and down the Florida coast, condo owners are waking up to a new reality as insurance rates rise, and coverage declines. “We’ve had no claims in the last year and more deductibles in essence 50% less coverage.”Read: Florida homeowners are facing property rate insurance hikes. There are more than 440 condos in Brevard County that are at least 40 years old, and another 150 in Volusia. Florida lawmakers did consider a bill to require inspections and reserve funds, but it did not pass and is not expected to be taken up until 2023. VIDEO: Florida lawmakers pushing bill to require inspections for older condos The Florida House of Representatives took up a bill Thursday to require inspections for all condos three-stories or taller, depending on their age.

Lawyers representing families of victims and survivors of the condominium collapse in Surfside, Florida, last June have told a judge that they've reached a nearly $1 billion tentative settlement.

>> Read more trending newsThe Champlain Towers South condominium collapsed at about 1:22 a.m. EDT during the early morning hours of June 24, 2021, killing 98 people. Wednesday’s settlement comes six weeks before the one-year anniversary of the collapse of the 12-story, 136-unit oceanfront building in Surfside, the Miami Herald reported. BREAKING: In a surprise development, the class-action litigation over the collapse of Champlain Towers South has been settled, a federal judge was told Wednesday, with plaintiffs expected to receive just under $1 billion. The plaintiffs claimed that construction work at Eighty Seven Park damaged Champlain Towers South, according to the newspaper. >> Tentative settlement agreement for Surfside condominium collapse reaches more than $55 millionHanzman originally approved an $83 million settlement in March, CNN reported.

The residents of Bayview 60 Homes were ordered out Monday by city officials. He said as soon as they did, they contacted the building owner and came up with a plan to evacuate everyone. “We did speak with the owner and advised the owner that they should have closed the building," Sorey said. “But once we got the information, we went out and did what we needed to do to protect the lives of North Miami Beach residents." Shortly after the Surfside condominium collapse, North Miami Beach officials ordered the evacuation of the 10-story Crestview Towers Condominium.

Residents of a five-story apartment building near Miami have been evacuated after an engineer said its foundation was unsound.

Residents were ordered to evacuate an apartment building in North Miami Beach, Florida, after engineers found the five-story structure unsafe, a discovery that

Mortgage Rates A sold sign is shown in front of a home, Monday, Sept. 20, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. (AP Photo/Wilfredo Lee) (Wilfredo Lee)WASHINGTON — (AP) — Average long-term U.S. mortgage rates rose again this week as the key 30-year loan rate vaulted over 4.5% and attained its highest level since the end of 2018. The developments mean that mortgage rates likely will continue to rise over the year. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan this week rose to 4.67% from 4.42% last week. That’s a sharp contrast from last year’s record-low mortgage rates of around 3%.

Average long-term U.S. mortgage rates rose again this week as the key 30-year loan rate breached 4.5% and attained its highest level since the end of 2018.

Proposed changes to enhance condo safety in the aftermath of the tragedy that killed 98 in Surfside fail to pass.

The money for owners of the 136-unit Champlain Towers South building will come from sale of the now-vacant beachfront land as well as insurance policies, officials said. These people need certainty and they need to carry on,” Miami-Dade Circuit Judge Michael Hanzman said before approving the deal at a hearing. I think it's an outstanding result.”Champlain Towers South, a 12-story condo in Surfside, Florida collapsed without warning early on June 24. Some family members of those died questioned why the property owners get the first chunk of guaranteed money. “Loss of life is extremely more valuable than losing property,” said Martin Langesfeld, whose sister and brother-in-law were killed.

People who owned units in a Florida oceanfront condominium building that collapsed last year will divide $83 million for property losses, with the compensation for families over the 98 deaths still to be determined.

The newly elected mayor of Surfside, Florida, is making the town’s response to the deaths of 98 people in the collapse of an oceanfront condominium a top priority in his new administration.

Mortgage Rates A sold sign is shown in front of a home, Monday, Sept. 20, 2021, in Surfside, Fla. Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. Mortgage buyer Freddie Mac reports, Thursday, March 17, 2022, that the average rate on the 30-year loan this week jumped to 4.16% from 3.85% last week. (AP Photo/Wilfredo Lee) (Wilfredo Lee)WASHINGTON — (AP) — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. The increases mean that mortgage rates likely will continue to rise over the year. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan this week jumped to 4.16% from 3.85% last week.

Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019.

The mayor of the South Florida town where 98 people died in a beachfront condominium collapse last summer has been voted out of office. Surfside Mayor Charles Burkett came in third in Tuesday's election, according to uncertified results from the Miami-Dade County Elections Department. Business owner Shlomo Danzinger won the race with 499 votes, followed by Vice Mayor Tina Paul with 476 votes and Burkett with 466.

Residents of a small South Florida town where a beachfront condominium building collapsed last summer killing 98 people voted their mayor out of office on Tuesday.

SURFSIDE, Fla. — Survivors and the family of victims killed when a condominium collapsed in Surfside, Florida, in 2021 have reached a tentative settlement in a wrongful death lawsuit. The settlements agreed to were $16 million and $31 million, while a third defendant, DeSimone Consulting Engineers, the structural engineers for a neighboring condo, agreed to settle for $8.55 million, CNN reported. The DeSimone settlement marks the first settlement with the defendants associated with a nearby construction project that the plaintiffs have blamed for the collapse, The Miami Herald reported. The settlement agreement will create a “common fund” to compensate condominium owners for the destroyed property, and in exchange, the unit owners’ liability for injury and wrongful death would be waived, WPLG reported. The $83 million fund is broken down into $50 million that will be taken from the first $100 million to be recovered, and $33 million to be paid from money collected over $100 million, WPLG reported.

Brevard County high rise Brevard County officials are asking who will be responsible for conducting high-rise building inspections if proposed legislation passes following the deadly Champlain Towers South collapse in Surfside last year. (WFTV.com News Staff)BREVARD COUNTY, Fla. — Brevard County officials are asking who will be responsible for conducting high-rise building inspections if proposed legislation passes following the deadly Champlain Towers South collapse in Surfside last year. Proposed legislation could change that. The proposed legislation would require inspections for multifamily buildings taller than three stories across the state. Brevard County officials say the bills making their way through the state legislature don’t spell out who’d be responsible for enforcement.

The Atlanta-based beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes were ahead of 2019 levels. The World Heath Organization named omicron as a variant of concern in late November, triggering lockdowns in some parts of the world. Quincey said Coke is expecting consumer mobility to continue to improve this year. Rival PepsiCo also reported better-than-expected fourth quarter results Thursday. Pepsi's net revenue grew 12% to $25.2 billion, better than the $24 billion Wall Street was anticipating.

The Atlanta-based beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes were ahead of 2019 levels. (AP Photo/Wilfredo Lee) (Wilfredo Lee)Coca-Cola’s revenue rose 10% to $9.5 billion in the fourth quarter as coffee shops, movie theaters and other venues continued to reopen. Coke said its coffee sales volumes grew 17% in the October-December period as its Costa coffee shops reopened in the United Kingdom. Rival PepsiCo also reported better-than-expected fourth quarter results Thursday. Pepsi's net revenue grew 12% to $25.2 billion, better than the $24 billion Wall Street was anticipating.

Coca-Cola’s revenue rose 10% to $9.5 billion in the fourth quarter as coffee shops, movie theaters and other venues continued to reopen.

(AP Photo/Wilfredo Lee) (Wilfredo Lee)Boeing is reporting a $4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting worse. The company also said problems with the 787 will add $2 billion in unusual production costs, double the earlier projection. Deliveries of new 787s were halted in May 2021 because of production flaws including gaps where panels of the carbon-composite fuselage are joined. In all, the Boeing loss compared with a loss of $8.44 billion a year ago, when the aircraft industry was bottoming out during the pandemic. The Chicago-based company still finished far behind European rival Airbus in delivering new planes last year, partly because of the 787.

Anti-Semitic flyers were distributed over the weekend to hundreds of homes in two South Florida cities with large Jewish populations.

Anti-Semitic flyers were distributed over the weekend to hundreds of homes in two South Florida cities with large Jewish populations, authorities said. Miami Beach Mayor Dan Gelber tweeted that flyers in plastic sandwich bags with small pebbles were distributed to hundreds of homes. In neighboring Surfside, the same type of flyers were distributed to homes, officials said in a “community alert" email to residents.

The fliers mixed vitriol against Judaism with comments about coronavirus measures, according to authorities.

The legal fees and costs associated with the deadly collapse of a Florida beachfront condominium building could reach $100 million.

The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.

For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime.

After the deadly collapse last year of the Champlain Towers South condominium building in Surfside, the chairwoman of the Senate Community Affairs Committee filed a...

A major lawsuit in the collapse of a Florida beachfront condominium that killed 98 people will go to trial in March 2023.

A Florida grand jury has issued a lengthy list of recommendations aimed at preventing another condominium collapse like the one that killed 98 people in June.

The report comes six months after the horrific collapse of the Champlain Towers South condo building that killed 98 people, and warns of future catastrophes if changes are not immediately instituted.

A new lawsuit contends that construction of a luxury building next door triggered the collapse of an already fragile Florida condominium that killed 98 people in June.

Off The Charts Mortgage Rates FILE - In this Thursday, Oct. 7, 2021, file photo, a waterfront home is shown for sale, in Surfside, Fla. Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. — (AP) — The average long-term mortgage rate in the U.S. ticked back down this week following several weeks of increases. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage fell to 3.09% from 3.14% last week. Last year at this time the long-term rate stood at 2.78%. The rate for a 15-year loan, a popular option for homeowners refinancing their mortgages, fell to 2.35% from 2.37% last week.

The average long-term mortgage rate in the U.S. ticked back down this week following several weeks of increases.

(AP Photo/Wilfredo Lee, File) (Wilfredo Lee)CANBERRA, Australia — (AP) — Australia plans to crack down on online advertisers targeting children by making social media platforms seek parental consent for users younger than 16 years old to join or face fines of 10 million Australian dollars ($7.5 million) under a draft law released Monday. The code would also require platforms to obtain parental consent for users under the age of 16. The proposed legal changes come after former Facebook product manager Frances Haugen this month asserted that whenever there was a conflict between the public good and what benefited the company, the social media giant would choose its own interests. While the reasons for this are varied and complex, we know that social media is part of the problem,” Coleman said in a statement. Australia also defied the tech companies by creating a law that could imprison social media executives if their platforms stream violent images.

Australia plans to crack down on online advertisers targeting children by making social media platforms seek parental consent for users younger than 16 years old to join or face fines of $7.5 million under a draft law.

Those bond purchases have helped keep mortgage rates at ultra-low levels for much of the last 18 months. Signals from the Fed and signs that inflation remains pervasive set the stage for mortgage rates to move even higher in coming months, economists say. “However, in the months ahead inflation will likely be the single biggest determinant of what happens with mortgage rates. The likelihood is that we see higher rates, not lower rates in the months ahead.”The volume of mortgage refinancing has slowed in recent months after surging last year. Even with higher mortgage rates, the housing market is expected to remain fiercely competitive given the shortage of homes for sale relative to demand.

Mortgage rates are hovering near all-time lows, but that could begin to change.

Gov. Ron DeSantis is gearing up for another legal fight with the federal government as President Joe Biden plans to release an executive order that will mandate companies with more than 100 employees to require vaccinations for workers or submit them to weekly COVID-19 testing.

Average long-term mortgage rates declined this week, with the benchmark 30-year loan slipping back below 3%.

The surge coincides with the recent run-up in bitcoin and other cyrptocurrency prices, and the two trends are converging in Miami.

A plan to possibly sell the South Florida property where the collapse of a condo building killed 98 people to a United Arab Emirates-based developer has been endorsed by a Florida judge.

Several victims’ relatives said the Surfside site where the 12-story Champlain Towers South once stood is hallowed ground. Please, we beg you, allow us some time.”Photos: Workers continue to sift through Surfside condo collapseExpand Autoplay Image 1 of 23 Surfside collapse President Joe Biden listens during a briefing with first responders and local officials in Miami Beach, Thursday, July 1, 2021, on the condo tower that collapsed in Surfside, Fla., last week. READ: Surfside condo collapse: Final victim identified; death toll rises to 98He said possible sales and land swaps with government entities and others have been explored, but none have panned out and he doesn’t expect any will. If the property is developed, there are proposals to build the memorial at a nearby park or by converting a side street adjoining the site. READ: Surfside condo collapse: Judge says families to get minimum of $150M in compensationElena Pazos lost her 55-year-old husband, Miguel Pazos, her 23-year-old daughter Michelle Pazos and her daughter’s best friend, Anastasia Gromova, 24, in the collapse.

A 58-year-old man died after being found unresponsive in the ocean in Daytona Beach, according to officials.

A man was shot and wounded in Volusia County, deputies say.

A hearing was held Thursday morning to discuss several topics surrounding the aftermath of the Surfside condominium collapse.

The fight over whether the site of June’s deadly Florida condominium collapse should be sold for development or turned into a memorial boiled over during an emotional court hearing.

Florida will start issuing $5,000 fines to businesses, schools and government agencies that require people to show proof of a COVID-19 vaccination.

Video released by a team of federal investigators shows more evidence of extensive corrosion and overcrowded concrete reinforcement in a Miami-area condominium that collapsed in June, killing 98 people.

An oceanfront park is emerging as the leading site for a memorial to the victims of the deadly condominium building collapse in Florida.

President Joe Biden’s administration is offering its full-throated support for local cities and school boards in Texas and Florida that are defying orders by their Republican governors that prohibit mask-wearing mandates in schools.

A private bidder is willing to offering up to $120 million to purchase the Miami-area oceanfront property where the collapsed Champlain Towers South building once stood.