Washington, DC (CNN) — Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing population, robust tourism activity and increased business investment. Miami had the lowest unemployment rate of…
Financial services giant Wells Fargo, in reporting its first-quarter 2023 earnings, said that it added $643M during the quarter to its reserves to cover potential loan losses. Specifically, the bank said the total reflected an increase in reserves for commercial…
Blackstone has closed on its latest real estate fund, raising $30.4B in capital commitments. The fund is 48% larger than the investment giant's previous real estate fund, which closed in 2019. The new fund is called Blackstone Real Estate Partners…
When hedge fund giant Citadel announced plans last summer to move its headquarters from Chicago to a new skyscraper in Miami, it tapped one of its longtime Chicago corporate neighbors to build it. But that partnership is now off. While…
On a net basis, suburban and urban counties in Texas, Florida and Arizona added the most new residents among all counties across the nation last year. This, according to the recently released Vintage 2022 estimates from the U.S. Census Bureau,…
Capital on Tap, a business credit card expert, has conducted a new research study to determine the best and worst US states for starting a small business. The study analyzed eight factors including new firm survival rates, corporate tax rates,…
The FII Priority conference recently heard that economic and social reforms being carried out on a national level in Saudi Arabia and on a city level in Miami offer a model for progress and development that can be emulated worldwide.…
Employers struggling to find candidates to fill jobs now know why: Miami-Dade’s unemployment in February was the lowest on record at 1.7%. The previous record low was 1.8% unemployment in the condo boom – before the condo bust – in…
Since he was 18, Christopher Matthews has worked at Pizza Hut and 7-11, done a stint in food delivery and taught carpentry. Now, the Miami native is trying to forge a vocational path that could lead to a promising career.…
The Federal Reserve implemented a quarter-point interest rate increase Wednesday while also indicating that its pattern of hikes could be ending soon. The largely expected decision was seen by analysts as a middle-ground move aimed at fighting inflation while also…
