Things To Do In SW Florida

By DAMIAN J. TROISE

NEW YORK (AP) — Most of the numbers on Wall Street this week were red, but not all of them.

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Companies that focus on food, health care and other necessities gained ground, despite a slump in the broader stock market over worries about an escalating trade war that erased trillions of dollars in value for the biggest U.S. companies. Big Tech stocks, specialty retailers, travel and energy companies took sizeable losses.

At the same time, many investors in search of safer places to put their money shifted their focus to companies that tend to hold up during economic slowdowns and recessions. They figured that Americans still need health care, basic necessities such as food, soap and toilet paper, and electricity to power their homes. Plus the occasional alcoholic or carbonated beverage. read more

By Alex Brown, Stateline.org

For many California residents, the Los Angeles wildfires earlier this year were the latest and most searing example of the devastating effects of climate change. Some estimates have pegged the damages and economic losses from the fires at more than $250 billion.

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“We’ve had disaster after disaster after disaster,” said Assemblymember Dawn Addis, a Democrat. “It’s the taxpayers and the insurance ratepayers that are bearing the cost. It’s not sustainable, it’s not right and it’s not ethical.” read more

By FATIMA HUSSEIN, AAMER MADHANI and SARAH PARVINI, Associated Press

WEST PALM BEACH, Fla. (AP) — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership.

The order was announced as White House officials believed they were nearing a deal for the app’s operations to be spun off into a new company based in the U.S. and owned and operated by a majority of American investors, with China’s ByteDance maintaining a minority position, according to a person familiar with the matter.

But Beijing hit the brakes on a deal Thursday after Trump announced wide-ranging tariffs around the globe, including against China. ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs, said the person, who spoke on the condition of anonymity to discuss the sensitive details of the negotiations. read more

By ALEXA ST. JOHN

DETROIT (AP) — President Donald Trump’s tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk.

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Here’s what consumers should know about the impact of tariffs on electric vehicles.

Where does EV adoption stand in the U.S.?

EVs accounted for about 8% of new car sales in the U.S. in 2024, according to Motorintelligence.com.

Some of those sales can be attributed to expanded tax credits for EV purchases, a Biden-era policy that spurred car buyer interest. read more

By CHRISTOPHER RUGABER, AP Economics Writer

ARLINGTON, Va. (AP) — The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, Fed Chair Jerome Powell said Friday.

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  US added 228,000 jobs in March as economy showed strength in buildup to Trump trade wars

Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.” read more