The quarter-point hike puts the benchmark rate at 5.1%, the highest in 16 years. But amid bank turmoil, the Fed also signaled future hikes could be put on hold. WASHINGTON (AP) – The Federal Reserve reinforced its fight against high…
While many may consider Miami as a destination to vacation, as opposed to a place to live, the city’s sprawling economy and mayor’s contemporary leadership has now put South Florida on the map as a global family and financial hotspot. Miami Mayor Francis…
Planners who had been spotlighting transit passenger solutions to Miami-Dade’s road congestion are suddenly shifting their focus to freight, but with the same objective. For years commissioners looked to dormant freight rail lines to carry passenger transit but had no…
The international purveyor of self-assembled furniture and Swedish meatballs is printing out instructions for a growth spurt in the U.S. over the next three years. Ikea plans to spend $2.2B over the next three years opening eight new home furnishings…
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,…
