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Month: June 2025

IAAPA Expo thinking bigger at convention center

IAAPA Expo thinking bigger at convention center

The IAAPA Expo plans to expand its footprint at Orange County Convention Center, a move that is said to reflect the health of the tourism industry and the boom in related economic activity.

The annual trade show will move into the convention center’s West Concourse for the first time in 2026. Previously it has been staged only in the North and South concourses.

“The industry is growing. We see that with the projects like Epic Universe, but we also see it with all the smaller attractions, which happen everywhere now — if it’s a Ripley’s Mirror Maze or if it’s a Puttshack or if it’s a PopStroke — all those little attractions are actually contributing to the success of the attraction industry,” said Jakob Wahl, president of the Orlando-based International Association of Amusement Parks and Attractions, a k a IAAPA.

The expo is known for its vast, teeming trade floor that includes vendors of all manner of manufacturers and creative types, presenting everything from water-slide equipment to major roller coasters to plush animals for carnival games to theme park announcements. The assortment of participants has been diversifying, Wahl said. read more

Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease

Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Calm returned to Wall Street on Monday, and U.S. stocks rose, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

The S&P 500 climbed 0.9% to reclaim most of its drop from Friday. The Dow Jones Industrial Average rose 317 points, or 0.8%, and the Nasdaq composite gained 1.5%. They joined a worldwide climb for stock prices, stretching from Asia to Europe.

Israel and Iran are continuing to attack each other, and a fear remains that a wider war could constrict the flow of Iran’s oil to its customers. That in turn could raise gasoline prices worldwide and keep them high.

But past conflicts in the region have seen spikes for crude prices last only briefly. They’ve receded after the fighting showed that it would not disrupt the flow of oil, either Iran’s or other countries’ through the narrow Strait of Hormuz off Iran’s coast.

Hopes that the fighting could remain similarly contained this time around helped send oil prices back toward $71 per barrel on Monday. read more

Florida lawmakers agree on tax cuts for back-to-school shopping, commercial leases, hurricane supplies

Florida lawmakers agree on tax cuts for back-to-school shopping, commercial leases, hurricane supplies

TALLAHASSEE — Florida would hold a sales-tax “holiday” each August for back-to-school items, while sales taxes would be eliminated on commercial leases and such things as hurricane supplies and sunscreen, under a tax package that House and Senate leaders released Friday evening.

The House and Senate will vote on the tax package early this week along with a state budget for the 2025-2026 fiscal year. The tax package is projected to reduce state and local government revenue by about $1.3 billion next fiscal year.

Senate Appropriations Chairman Ed Hooper, R-Trinity, told reporters Friday nobody will “get rich and go have a European vacation” on the tax cuts.

“Will you save a ton of money because of what we do? Probably not,” he said. “But you will save some.”

House and Senate leaders had earlier said they planned to eliminate the 2 percent sales tax on commercial leases, a cut long sought by business lobbyists. The lease-tax elimination makes up an estimated $904.8 million of the projected cuts in the package. read more

High prices charged by Florida insurers revealed by cost-per-$1,000 analysis

High prices charged by Florida insurers revealed by cost-per-$1,000 analysis

Behold, the insurance secrets that surface when you look at publicly available data a different way, by ranking companies by what they charge per $1,000 of insured value:

— Collectively, Florida-based property insurers charge significantly higher rates per $1,000 than companies headquartered outside the state charge.

— Owners of condominium units in Florida pay twice as much per $1,000 to insure their contents than homeowners pay to cover their entire structures and contents.

— And if you are covered by one of the 17 companies that have helped to depopulate state-owned Citizens Property Insurance Corp., you are paying significantly more per $1,000 of insured value than customers of non-participating insurers.

These findings stem from an analysis by the South Florida Sun Sentinel of data that insurers have been required to make available to the public since the second quarter of 2022.

The newspaper dug into quarterly Residential Market Share Reports released by the Office of Insurance Regulation and calculated what insurance customers pay per $1,000 of coverage value, figures that are not included on the spreadsheets. read more

Axiom Space back on track for possible Space Coast launch next week

Axiom Space back on track for possible Space Coast launch next week

A leak in space and a leak on Earth have been taken care of, clearing the way for the next human spaceflight from the Space Coast.

A SpaceX Falcon 9 rocket topped with a new Crew Dragon spacecraft looks to bring the four private astronauts on the Axiom Space Ax-4 mission on a trip to the International Space Station as early as Thursday morning from Kennedy Space Center’s Launch Pad 39-A during a launch window that runs from 4:45-5:05 a.m.

The crew faced a series of delays already last week. A planned Monday launch was called off by weather and a Tuesday attempt was delayed so SpaceX could fix a liquid oxygen leak found in the rocket’s first-stage booster. While SpaceX retested its booster Thursday with no leak detected, NASA announced it would have to delay the launch because of recent repairs to a years-old leak on the Russian side of the space station that needed to be monitored.

“Following the most-recent repair, pressure in the transfer tunnel has been stable,” reads an update from NASA released Saturday. “Previously, pressure in this area would have dropped. This could indicate the small leaks have been sealed.” read more