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Month: April 2025

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

By CHRISTOPHER RUGABER, AP Economics Writer

ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, Fed Chair Jerome Powell said Friday.

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Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.” read more

How Trump’s latest tariffs could affect your wallet

How Trump’s latest tariffs could affect your wallet

By WYATTE GRANTHAM-PHILIPS and CORA LEWIS

NEW YORK (AP) — President Donald Trump has unveiled his latest tariffs, and they could have significant implications for your wallet.

Trump’s sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increase prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality.

Which impacts will be felt by consumers and workers first? And what can households do in the face of so much uncertainty? Here’s what you need to know:

What are tariffs and how will they affect me?

Tariffs are taxes on goods imported from other countries. Companies buying foreign products pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to customers.

Trump has argued tariffs will protect U.S. industries from unfair foreign competition and raise money for the federal government. But since so much of what we buy today relies on a global supply chain, steeper tariffs mean you’ll likely see more expensive prices from the grocery aisle to your next car repair. read more

Brightline launches new rewards program to replace popular commuter passes

Brightline launches new rewards program to replace popular commuter passes

Brightline, the higher speed rail line serving South and Central Florida, made good on its promise Friday to create a new rider loyalty program after pulling the plug on a once popular menu of discount commuter passes last year.

“Our guests have always been at the center of everything we do, and Brightline Rewards is the next step in recognizing their loyalty,” said Patrick Goddard, chief executive officer of Brightline Florida. “This program rewards all members with valuable perks and an even more personalized travel experience. It’s not just about earning points, it’s about deepening the connection with our guests as we continue to grow.”

The company unveiled the program Friday morning with the help of South and Central Florida tourism officials at its showcase MiamiCentral station in downtown Miami.

Management, according to a February financial report, estimates the program “will help us generate an incremtnal 15,000 riders per month.” In February, the company said its trains carried more than 247,000 riders for the month, a year-over-year increase of 28%. read more

Arches Cinco de Mayo in Fort Myers Beach 2025

Arches Cinco de Mayo in Fort Myers Beach 2025

May 3, 2025 –  If you’re searching for the best Cinco de Mayo event in Fort Myers Beach, look no further than the Arches Cinco de Mayo celebration! Taking place on May 3, 2025, from 1:00 PM to 9:00 PM, this free event is more than just a festival—it’s a cultural extravaganza featuring music, dancing, …

The post Arches Cinco de Mayo in Fort Myers Beach 2025 first appeared on 365 Things to do in Southwest Florida.

The post Arches Cinco de Mayo in Fort Myers Beach 2025 appeared first on 365 Things to do in Southwest Florida.

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Watch Live: SpaceX’s private polar space trip returns to Earth

Watch Live: SpaceX’s private polar space trip returns to Earth

SpaceX brought back to Earth on Friday the four crew members of the private polar Fram2 mission that launched from Kennedy Space Center on Monday night.

The Crew Dragon Resilience made a parachute-assisted splashdown off the California coast at 12:19 p.m. EDT (9:19 a.m. PDT) after spending more than 3 1/2 days circling the planet on the first human spaceflight on a polar orbit.

Chinese-born cryptocurrency entrepreneur Chun Wang, now of Malta, paid an undisclosed price for the jaunt to space getting a unique view of some of the same places in the Arctic and Antarctica to which he had trekked by land.

Flight Day 4

I woke up early and watched the launch of Starlink Group 11-13 on YouTube. Shortly after, SpaceX contacted us and informed us that we would be flying over Mongolia during the second stage deorbit burn. We opened the cupola and tried to observe the event, but had no… pic.twitter.com/OyOlShGYLP read more