Things To Do In SW Florida

By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — Stocks rose on Wall Street following a better-than-expected report on the U.S. job market. The S&P 500 climbed 1% Friday, marking its second weekly gain in a row. The Dow Jones Industrial Average added 1%, and the Nasdaq composite rose 1.2%. U.S. employers slowed their hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade wars. Lululemon Athletica sank after lowering its profit forecast for the full year. Treasury yields rose in the bond market. The yield on the 10-year Treasury note rose to 4.51%.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — Stocks rose on Wall Street Friday following a better-than-expected report on the U.S. job market.

The S&P 500 index rose 1.2% in afternoon trading. The benchmark index remains on track to notch a second consecutive winning week.

The Dow Jones Industrial Average added 448 points, or 1.1% as of 3:03 p.m. Eastern. The Nasdaq composite rose 1.4% read more

By MICHELLE CHAPMAN, Associated Press Business Writer

Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.

The news comes as temperatures are rising across the U.S. and the official start of summer rapidly approaches.

The Midea air conditioners fit in windows and resonated with consumers because of their unique design, which allows consumers to close their window ‘through’ the unit.

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By PAUL WISEMAN, Associated Press Economics Writer

WASHINGTON (AP) — U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade wars.

Hiring fell from a revised 147,000 in April, the Department of Labor said Friday. The job gains last month were above the 130,000 that economists had forecast.

Healthcare companies added 62,000 jobs and bars and restaurants 30,000. The federal government shed 22,000 jobs, however, the most since November 2020, as Trump’s job cuts and hiring freeze had an impact. And factories lost 8,000 jobs last month.

Average hourly wages rose 0.4% from April and 3.9% from a year earlier – a bit higher than forecast.

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Epic Universe is populated with monsters, wizards, dragons and little guys named Mario and Luigi. And Universal Orlando is tempting visitors to buy remembrances of them, creating a lineup of merchandise, much of which is exclusive to the new theme park.

Consumer tastes and trends make producing souvenirs a more elaborate task than cranking up T-shirt and keychain factories.

“We really have leaned in on the novelty, the playfulness,” said Cathy Fischer, senior vice president of parks global merchandise for Universal Products & Experiences. “It’s really about that cosplay.”

Epic visitors are decked out as videogame characters, playing into the theme of the park’s Super Nintendo World, or as goth vampire types for photo ops within Dark Universe, the land that celebrates Universal’s classic monsters.

“We want people to come into the park and have fun, and what better way than to just get into whoever their favorite character or monster is, to really feel that when they come into the park?” Fischer said. read more

An Atlanta developer’s plan to transform the once-thriving Seminole Towne Center has lined up its first retailer, with Costco under contract to buy a portion of the property and build a new store there.

Costco Wholesale recently submitted plans to the City of Sanford calling for a 156,454-square-foot membership warehouse store, 847 parking spaces, and a gas station to replace the former Macy’s building and a parking lot south of the mall, according to a report in GrowthSpotter. JP Andrews, Director of Real Estate Development at Costco, confirmed that the company is under contract to purchase the parcel from The Ardent Companies, which bought the shuttered mall property in March.

“We are under contract here, so we’re working on a certain timeline. I need to have a budget together and present it to our CEO in August to be able to move this project forward,” Andrews said during a pre-application meeting on Tuesday with Sanford staff. “We are presenting a pretty conceptual plan here, understanding that there’s going to be some massaging of this based on the city requirements and all of that. What you’re seeing here is pretty much a prototype footprint of one of our buildings.” read more