Things To Do In SW Florida

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks sank Friday as Wall Street kept punishing companies that could become losers in the artificial-intelligence revolution. A surprisingly discouraging update on inflation also hurt the market, while oil prices climbed with worries about tensions between the United States and Iran.

The S&P 500 fell 0.4% and staggered to the finish of just its second losing month in the last 10. The Dow Jones Industrial Average dropped 521 points, or 1.1%, the Nasdaq composite sank 0.9%.

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The losses came as investors returned to knocking down software companies and other businesses they suspect could get supplanted by AI-powered competitors. read more

A recent development filing in Orange County offers insight into the new direction SeaWorld and its parent company are taking on some prime real estate around the theme park, after quietly pulling the plug on plans for two future hotels.

The company is seeking a so-called Change Determination Review that would allow it to build up to 670 multifamily units on undeveloped land along Sea Harbor Drive, across from the main parking lot, for a project called SeaWorld Vacation Village. The application identifies four parcels that would be affected, according to a report in GrowthSpotter: two owned by SeaWorld and two adjacent properties. One is home to the Renaissance Orlando Resort, and the other is occupied by the Sea Harbor Office Center, which houses the Visit Orlando and Wyndham Vacations offices.

Winter Park-based apartment developer, Epoch Residential, is listed as the developer in the project documents. The applicant is working with engineering firm Kimley-Horn on the planning and entitlements and FK Architecture. According to the preliminary plan, the new development would be built on the SeaWorld and Renaissance properties. The office parcel would be used only for its existing entrance drive and for emergency access. read more

Joe Rohde, formerly of Walt Disney Imagineering, is releasing a book about creativity. “Floating Mountains: The Art of Imagining the Impossible” will be available in September.

“I’ve had a career as a creative person, and I finally have written a book,” Rohde said in a video posted on his Instagram account. He is seen surrounded by art books and wearing his elaborate trademark earring.

“This is a book about how creative we can be when we are creative together,” he said.

Rohde worked for Imagineering for 40 years, starting in 1980 as a model designer for Epcot. Eventually, he moved into roles that included the development of the Adventurers Club at the now-defunct Pleasure Island; Aulani, a Disney Vacation Club resort in Hawaii; and Disney’s Animal Kingdom theme park, plus, subsequently, the addition of Pandora — the World of Avatar land there. The book’s cover may suggest to readers the gravity-defying, arching, mountainous structure seen above the Pandora attractions, which debuted in 2017. read more

NEW YORK (AP) — Warner Bros. Discovery has determined that Paramount’s latest takeover offer is superior to the streaming and studio agreement it struck with Netflix, marking a stark shift in momentum in the fight for the storied Hollywood giant.

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The owner of HBO Max, DC Studios and popular titles like “Harry Potter” had backed Netflix’s proposal for months. But after Skydance-owned Paramount upped its rival bid for the entire company to $31 per share, in addition to other revisions, Warner’s board on Thursday said that the offer “constitutes a ‘company superior proposal.’” read more

By MAE ANDERSON, Associated Press

NEW YORK (AP) — Delivery company FedEx said in a statement on Thursday that it will return any tariff refund it might get to shippers and customers who paid them.

The statement came after FedEx filed suit in the U.S. Court of International Trade to request a refund on what it paid for tariffs set by President Donald Trump under the International Emergency Economic Powers Act. On Friday, the Supreme Court ruled that the IEEPA tariffs are illegal.

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  Walmart to pay $100 million to settle FTC allegations over deceptive practices for delivery drivers

More than 1,000 companies have filed suit in the U.S. Court of International Trade in efforts to recoup costs from the illegal tariffs, including large U.S. corporations like Costco and Revlon. read more