News about Economy

Gas prices in Florida averaged $3.90 on Tuesday, down 5 cents from last week. Diesel costs remain high as geopolitical tensions with Iran impact global energy supplies across the state.

Sixteen states led by Florida argue that Big Four climate disclosure efforts breach state laws, raising costs for consumers and small businesses while threatening firm contracts.

Duke Energy Florida filed a request with state regulators to cut electricity rates for customers starting in 2027, potentially lowering monthly bills across Central Florida.

Lyric Healthcare has been named to the shortlist for the Cloud Awards 2026 A.I. Awards in two key categories: Most Innovative AI Technology and Best Use of AI for Healthcare.

Ilya Sutskever highlights cyber risks for neoclouds, prompting security upgrades from major providers amid rapid AI growth affecting stock markets.

Marvell Technology benefits from hyperscaler AI spending, offering predictable growth for Orlando investors tracking semiconductor and cloud infrastructure trends.

Central Florida's rural 'Unbuilt Triangle' is undergoing rapid commercial development. Major retailers like Publix and Home Depot are entering the market to serve a growing population of 500,000.

Central Florida residents are feeling the economic impact of new federal tariffs, with the state accumulating $12 billion in costs since 2025. Local industries from real estate to tourism face rising prices.

Economists say President Trump's plan to lift tariffs on imported beef trimmings is unlikely to significantly reduce ground beef prices at local Orlando grocery stores before the election due to limited market impact.

Taiwan Semiconductor Manufacturing Company drives Central Florida's economic shift, influencing local tech employment and real estate development through critical AI chip production.

Rising coastal Florida insurance and flood costs push retirees toward Knoxville, Tennessee, which offers lower living expenses and no state tax on investment income.

Kevin Warsh warns the Federal Reserve faces significant work if US inflation stays high, while humanitarian teams resume Nepal-Tibet rescue efforts after weather delays.