Things To Do In SW Florida

By Anna-Louise Jackson, Bankrate.com

The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the full amount of their wagering losses.

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New rules included in the massive tax bill that was signed into law in July will reduce the tax deduction gamblers can claim on their losses, from 100% to 90%, starting next year.

Consider this: If a gambler wins $20,000 and loses $20,000 in the same year, this change in tax law affects how much of those losses they can deduct: read more

By MICHELLE CHAPMAN, Associated Press Business Writer

Disney’s profit and revenue climbed in its fiscal third quarter as the entertainment company continued to add subscribers to its streaming service and see strength at its domestic theme parks.

It also raised its full-year adjusted earnings forecast on Wednesday.

The Walt Disney Co. earned $5.26 billion, or $2.92 per share, for the three months ended June 28. A year earlier it earned $2.62 billion, or $1.43 per share.

Excluding certain items, earnings were $1.61 per share. This easily beat the $1.46 per share analysts polled by Zacks Investment Research were looking for.

Revenue for the Burbank, California, company totaled $23.65 billion, falling slightly short of Wall Street’s estimate of $23.68 billion.

Last night the NFL announced that it had entered into a nonbinding agreement with ESPN, which Disney owns. Under the terms, ESPN will acquire NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators and the league will get a 10% equity stake in ESPN. read more

By ROB GILLIES

TORONTO (AP) — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

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Goods that comply with the 2020 United States-Mexico-Canada Agreement trade pact that Trump negotiated during his first term are excluded from the tariffs.

Here’s a look at Trump’s tariffs on the two countries and their exemptions:

Most Canadian exports reaching the U.S duty free

Canada’s central bank says 100% of energy exports and 95% of other exports are USMCA compliant. The Royal Bank estimated that almost 90% of Canadian exports appear to have accessed the U.S. market duty free in April. read more

Ahoy! There’s an opening date in sight now for the Beak and Barrel, the pirate-themed tavern floating into Magic Kingdom.

Walt Disney World says the establishment — which will serve food alongside alcoholic and non-alcoholic beverages — will open Aug. 29.  The company will start taking reservations as of Aug. 14.

The pub, located in the theme park’s Adventureland near the Pirates of the Caribbean ride, has a backstory as being a place where swashbucklers of all ages gather. The place, as the Disney story goes, is run by Capt. Meridian “Merry” Goldwyn alongside her first mate/talkative parrot partner Rummy.  The place is themed out, according to the Disney Parks Blog, including miniature ships in bottles that “come alive and engage in a fearsome battle,” an overhead anchor holding candles, a skull-shaped stern and salvaged parts of a shipwreck.

The full menu (and prices) are now posted online at disneyworld.com.  Eye-catching edibles include Kraken’s Catch, a cold salad with octopus tentacles ($18), and cook’s corn griddle cakes ($12. Add chipotle chicken and it’s $14). read more