Things To Do In SW Florida

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation changed little in September, likely easing the way to a widely expected interest rate cut by the central bank next week.

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Prices rose 0.3% in September from August, the Commerce Department said Friday, in a report that was delayed five weeks by the government shutdown. It matched the increase recorded during the previous month. Excluding the volatile food and energy categories, core prices rose 0.2% in September from August, the same as August, and a pace that if it continued for a year would bring inflation closer to the Fed’s 2% target. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — The U.S. stock market rose to the edge of its all-time high on Friday.

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The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain.

The Dow Jones Industrial Average added 104 points, or 0.2%, and the Nasdaq composite gained 0.3%.

The modest moves capped a quiet week for Wall Street, offering a respite following weeks of sharp and scary swings. read more

You probably can think of a million reasons you’re too anxious to leave your job right now. It seems like no one is hiring. Companies that are won’t meet your pay requirements. And what if you make a change and then get laid off?

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The mood is dark. In the Federal Reserve Survey of Consumer Expectations released Nov. 7, consumers said they believe it’s increasingly likely the unemployment rate will rise in the next 12 months, and they’ll struggle to find a job if they lose their current one. That pessimism has some people clinging to their jobs for dear life. read more

By WYATTE GRANTHAM-PHILIPS and MATT OTT, AP Business Writers

NEW YORK (AP) — Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind “Harry Potter” and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.

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If approved by regulators, the merger would put two of the world’s biggest streaming services under the same ownership — and join Warner’s television and motion picture division, including DC Studios, with Netflix’s vast library and its production arm, which has released popular titles such as “Stranger Things” and “Squid Game.” read more

Just two weeks ago, Alexie Fonseca, senior VP for Colliers, was sitting on a panel at a local real estate industry luncheon when an audience member asked what her dream development site would be. She didn’t hesitate: the former Orlando Sentinel property.

“I’m dying for that site — I just have so many great ideas,” she told the NAIOP attendees, according to a report in GrowthSpotter. “I know how it should be redeveloped. It’s a sexy site, and I think it would really change downtown.”

The comment was prescient, as she later learned that the Miami investors who bought the former newspaper property had been meeting privately with Mayor Buddy Dyer to discuss a transformational, $2 billion plan for the site. But much has to happen before the long-awaited project becomes reality.

Midtown Development, led by Alex Vadia and Richard Perez, bought the nearly 20-acre, two-block site at North Orange Avenue and East Colonial Drive in 2016 for $35.1 million. It was the firm’s second major investment in Orlando; Midtown previously acquired the vacant 400 block of North Orange across from the county courthouse and sold it for $17 million to Property Markets Group, which developed the 27-story Society Orlando apartment tower there. read more