Things To Do In SW Florida

By CHRISTOPHER RUGABER, Associated Press Economics Writer

JACKSON HOLE, Wyo. (AP) — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.

In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation. Yet he suggested that with hiring sluggish, the job market could weaken further.

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Wall Street rallies and the Dow soars 800 points on hopes for lower interest rates read more

By James Royal, Ph.D., Bankrate.com

The cryptocurrency industry has lately begun to heavily promote tokenized stocks, but what exactly are they? More importantly, what advantages do tokenized stocks offer — especially when investors already have safe, no-cost fractional share trading at many brokers?

A tokenized stock is a fancy way of saying that ownership of a stock can be transferred via blockchain, the technology behind cryptocurrency. Tokenizing, or digitizing, assets such as stocks, ETFs and other securities allows them to be traded on a specialized digital exchange and potentially directly between investors without the need for an exchange. These tokens are held in a digital wallet, much as crypto coins are, similar to a traditional brokerage account.

“The news cycle for crypto is all about representing traditional financial assets on a blockchain,” says Hilary Allen, professor, American University Washington College of Law. But Allen points out that investors and financial markets will endure major costs for doing so: “There are a lot of protections that are given up by this move.” read more

By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald Trump crave so much may be on the way.

The S&P 500 leaped 1.6%, and its first gain in six days has it on track to top its all-time high set last week.

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  As AI becomes part of everyday life, it brings a hidden climate cost

The Dow Jones Industrial Average soared 890 points, or 2%, and was on track to top its own all-time high, which was set in December. The Nasdaq composite was up 1.9%, as of 11 a.m. Eastern time.

“Ka-Powell” is how Brian Jacobsen, chief economist at Annex Wealth Management, described the reaction to Jerome Powell’s highly anticipated speech in Jackson Hole, Wyoming. “The Fed isn’t going to be the party-pooper.” read more

As Orange County commissioners prepare to discuss a scathing audit of Visit Orlando, the tax-funded marketing agency hosted a video conference Thursday to make the case for tourism’s impact on the local economy.

The industry welcomed 75.3 million visitors to Central Florida in 2024 and those paying guests spent about $59.9 billion here, said Adam Sacks, president of Tourism Economics, who has been measuring the economic impact of visitors in the region for 15 years.

Both figures were up over 2023 data.

“If you break that out on a daily basis, that’d be $164 million every single day, 85% of it [spent] in Orange County, 12% in Osceola and 3% in Seminole County,” said Sacks, whose team works with 500 destinations world-wide, hotel companies and attractions.

While there is little argument over the vast importance of tourism to the theme park capital of Central Florida, there is burgeoning controversy over the role of tax money in promoting it, making the timing of Visit Orlando’s Thursday conference apt. Constrained by state laws that limit its use of a six percent hotel tax, also called a tourism development tax, Orange County hands over $100 million-plus to Visit Orlando annually. read more

By CALEIGH WELLS, Associated Press

Marissa Loewen first started using artificial intelligence in 2014 as a project management tool. She has autism and ADHD and said it helped immensely with organizing her thoughts.

“We try to use it conscientiously though because we do realize that there is an impact on the environment,” she said.

Her personal AI use isn’t unique anymore. Now it’s a feature in smartphones, search engines, word processors and email services. Every time someone uses AI, it uses energy that is often generated by fossil fuels. That releases greenhouse gases into the atmosphere and contributes to climate change.

And it’s getting harder to live without it.

The climate cost

AI is largely powered by data centers that field queries, store data and deploy information. As AI becomes ubiquitous, the power demand for data centers increases, leading to grid reliability problems for people living nearby.

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