Things To Do In SW Florida

By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Wall Street is holding steady on Tuesday, stuck in a summer lull.

The S&P 500 slipped 0.2%, a day after barely budging, and remains near its all-time high set last week. The Dow Jones Industrial Average was up 68 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was down 0.4%.

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Home Depot rose 3.1% to lead the Dow higher after reporting results for the latest quarter that were a bit short of what analysts expected.

The retailer said homeowners have been focused on smaller, less expensive home repairs while putting off bigger projects because of high interest rates and continuing concerns about inflation. But it stood by its prior forecast for revenue and profit over the full year. read more

By KELVIN CHAN, Associated Press Business Writer

LONDON (AP) — Britain abandoned its demand that Apple provide so-called backdoor access to any encrypted user data stored in the cloud, U.S. Director of National Intelligence Tulsi Gabbard said Monday.

Gabbard indicated London and Washington had resolved their high-stakes dispute over electronic privacy, writing on X that she and President Donald Trump and Vice President JD Vance spent the “past few months” working with the U.K. government.

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By ROB GILLIES, Associated Press

TORONTO (AP) — Air Canada said Tuesday it will gradually restart operations after reaching an agreement with the union for 10,000 flight attendants to end a strike that disrupted the travel plans of hundreds of thousands of travelers.

The union first announced the agreement early Tuesday after Air Canada and the union resumed talks late Monday for the first time since the strike began over the weekend. The strike is affecting about 130,000 travelers a day at the peak of the summer travel season.

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Canada’s largest airline said flights will start resuming Tuesday evening. Flight attendants walked off the job early Saturday after turning down the airline’s request to enter into government-directed arbitration, which allows a third-party mediator to decide the terms of a new contract. read more

By ROB GILLIES

TORONTO (AP) — The union for 10,000 striking Air Canada flight attendants said Monday they won’t return to work even though the strike, now in its third day, has been declared illegal. The strike is affecting about 130,000 travelers a day at the peak of the summer travel season, and the two sides remain far apart on pay and other issues.

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Air Canada said rolling cancellations now extend to Tuesday afternoon after the union defied a second return-to-work order. The country’s biggest airline had said earlier that operations would resume on Monday evening but the union president said that won’t happen. read more

Suddenly insurance companies seem to be falling out of the sky in Florida.

Another new company — it would be the 15th since lawmakers enacted reforms in 2022 and 2023 to quell litigation costs — has been permitted by the Florida Office of Insurance Regulation and will begin to sell homeowner insurance in the state if the company’s application for a Certificate of Authority is approved.

Vision Insurance Exchange, headquartered in Cape Coral, plans to begin operating in November. According to its website, the company will offer coverage to homeowners in every Florida county except Monroe, where the Florida Keys are located.

Officials of the company did not immediately respond to an email and text message seeking comment late Monday.

The new company will build its initial book of business by participating in efforts to depopulate state-owned Citizens Property Insurance Company, the website says. It will offer all-perils home and condo insurance policies as well as dwelling/fire policies to Citizens customers. read more