ECONOMICS NEWS

World Cup host cities face tourism shortfall as travel barriers, high costs weigh on fans
A report by the American Hotel and Lodging Association released last month projects hotel bookings will fall below expectations.

Source: Cassie Semyon, Spectrum News Staff, David Johnson
Friday, Jun 05 2026

Operator of S&P 500 decides against fast-tracking 'MegaCap' IPOs into its stock indexes
S&P Dow Jones Indices has decided not to change its guidelines for including large "MegaCap" companies in its stock indexes

Source: Associated Press
Friday, Jun 05 2026

AbbVie plans 185-acre campus, 734 jobs in Durham
Artificial intelligence and new laboratory technologies will be implemented into their immunology, neuroscience and oncology machines.

Source: Daniel Gray
Friday, Jun 05 2026

Anthropic urges industry coordination to allow for a 'pause' in AI development if risks grow
Anthropic is proposing that top AI companies coordinate a way to pause the development of advanced AI systems if they become too dangerous

Source: Associated Press
Friday, Jun 05 2026

Employers added 172,000 jobs last month as U.S. job market shows resilience despite Iran war
The unemployment rate stayed at a low 4.3%.

Source: Associated Press
Friday, Jun 05 2026

New York state lawmakers pass bill targeting surveillance pricing
Gov. Kathy Hochul would need to sign the bill for it to become law.

Source: Luke Parsnow
Friday, Jun 05 2026

Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report
Stocks fell on Wall Street as big technology companies lost ground and weighed down the broader market

Source: Associated Press
Friday, Jun 05 2026

New initiative aims to bring more business to Buffalo's Electric District
As part of District Live, businesses near the Electric Tower are teaming up to host indoor and outdoor special events and promotions.

Source: Spectrum News Staff
Friday, Jun 05 2026

Businesses hope cliff diving competition brings boost now that spring break has passed
Crusin' Tikis says after spring break business typically slows down, but they have a busy weekend thanks to the Red Bull Cliff Diving World Series.

Source: Angie Angers
Friday, Jun 05 2026

Senate blocks extending key surveillance program following backlash over Trump pick to lead intel
Six Republicans joined nearly all Democrats in opposing the measure, which would have set up a final vote next week.

Source: Associated Press
Friday, Jun 05 2026

St. Pete defers decision on new contract with pier event firm
Previous contracts with Pier Events, LLC totaled $90,000 per year, but the company's latest bid would take it to $250,000.

Source: Sarah Blazonis
Friday, Jun 05 2026

Surveillance pricing bills facing uphill climb as N.Y. legislative session nears its end
It’s comprised of two pieces of proposed legislation.

Source: Nicole Neuman
Thursday, Jun 04 2026

Tyco agrees to $10 million settlement with Wisconsin over PFAS water contamination
The manufacturer of firefighting foam that contaminated the water supply in northeast Wisconsin with PFAS chemicals for decades has agreed to a $10 million settlement with the state

Source: Associated Press
Thursday, Jun 04 2026

Supreme Court sides with Trump administration on federal regulation of telecom companies
The 8-1 decision upheld one of the Federal Communications Commission's key tools, though the companies also won a concession from the administration.

Source: Associated Press
Thursday, Jun 04 2026

Crystal River now part of America 250 Road Trip
FDOT placed a new historical marker in Crystal River, highlighting the warm springs that manatees call home every winter.

Source: Tim Wronka
Thursday, Jun 04 2026

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers

Source: Associated Press
Thursday, Jun 04 2026

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs
The summer suspensions could cause more headaches for travelers already facing fewer flight options and higher price tags across their budgets.

Source: Associated Press
Thursday, Jun 04 2026

Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases
The Supreme Court has upheld a broad reading of the authority of the Securities and Exchange Commission to recoup ill-gotten gains from people who engage in securities fraud

Source: Associated Press
Thursday, Jun 04 2026

US jobless aid filings, a proxy for layoffs, rise to 225,000 last week but remain historically low
The number of Americans filing for jobless aid rose last week but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran

Source: Associated Press
Thursday, Jun 04 2026

DOT to cut up to $400 million from projects due to funding gap
The Maine DOT already delayed six paving projects — a total value of $50 million, with $10 million coming from state funds.

Source: Emma Davis
Thursday, Jun 04 2026

George Santos reported to prosecutors over suspicious Kalshi trades, AP source says
The prediction marketplace Kalshi detected trades made by Santos ahead of Trump's Feb. 24 speech.

Source: Shannon Ryan, Associated Press
Wednesday, Jun 03 2026

Officials aim to uplift Broome County by reinvigorating the industry that defined its past
As New York's semiconductor ecosystem continues to grow, Broome County is hoping to become a vital piece of the puzzle.

Source: Natalie Mooney
Wednesday, Jun 03 2026

Ukrainian drones hit St. Petersburg oil terminal before city hosts Russian economic forum
Ukrainian long-range drones have struck an oil terminal in St. Petersburg, setting it ablaze, according to President Volodymyr Zelenskyy

Source: Associated Press
Wednesday, Jun 03 2026

U.S. proposes new tariffs on 60 trading partners over forced labor concerns, appeals refund ruling
The prospective new tariffs would range from 10%-12.5%.

Source: Christina Santucci
Wednesday, Jun 03 2026

How can I illustrate our financial position to a spouse who shows little interest?
Charts, graphs, and mind maps can be useful communication tools to use with a financially disengaged spouse

Source: Associated Press
Wednesday, Jun 03 2026

Oil prices climb back toward $100, but US stocks hang near their records
Oil prices are rising back toward $100 per barrel, but U.S. stocks are nevertheless holding near their records

Source: Associated Press
Wednesday, Jun 03 2026

Report: Disruption of Mideast energy supplies into next year would slam global economy
Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy

Source: Associated Press
Wednesday, Jun 03 2026

Meta expands 13+ content settings for teen accounts
The tech company says it realizes what is trending, and it wants to limit any harmful content shown.

Source: Breanna Fuss
Wednesday, Jun 03 2026

Electric SUV showdown: Edmunds compares the revamped Toyota bZ to the Tesla Model Y
Electric SUVs are becoming the default choice for many car buyers, shifting the question from whether to go electric to which model fits everyday life best

Source: Associated Press
Wednesday, Jun 03 2026

Wall Street inches to more records thanks to booming AI stocks
The S&P 500, Nasdaq and Dow Jones Industrial Average set all-time highs.

Source: Associated Press
Tuesday, Jun 02 2026

ODA's 'Ohio Proud' program highlights businesses at national show
There were 21 states that participated in the four-day pavilion

Source: Madison MacArthur
Tuesday, Jun 02 2026

Appleton Harley-Davidson moves into a new dealership
Milwaukee-based motorcycle manufacturer eyes bike targeted at new riders.

Source: Nathan Phelps
Tuesday, Jun 02 2026

U.S. agriculture secretary says fixes needed to help upstate dairy farmers
Secretary Brooke Rollins met Tuesday with dairy farmers and industry stakeholders in Tompkins County to discuss key challenges they face.

Source: Emily Kenny
Tuesday, Jun 02 2026

New York sues over the Trump administration's deal to end an offshore wind project
State attorneys general from Connecticut, Maine, Massachusetts, New Jersey, Rhode Island and Vermont joined New York in challenging the cancellation.

Source: Associated Press
Tuesday, Jun 02 2026

N.Y. Assembly speaker on 1-year data center moratorium: 'We intend to pass it'
It comes after an initial bill implementing a three-year moratorium was reworked to shorten the time span.

Source: Luke Parsnow
Tuesday, Jun 02 2026

Everest Microbrewery opens for the season in Niagara Falls
It is owned and operated by a group of friends from Nepal, who came here to the U.S. and all share the same love for their homeland.

Source: Spectrum News Staff
Tuesday, Jun 02 2026

AeroVironment to expand production capabilities near Dayton
AV is a global defense technology company which received a tax credit from the Ohio Tax Credit Authority for the expansion project

Source: Madison MacArthur
Tuesday, Jun 02 2026

Tampa tourism defies statewide slowdown as convention and cruise industries drive growth
Summer travel is kicking off on the heels of a slight decline in tourism across the state.

Source: Jason Lanning
Tuesday, Jun 02 2026

Wegmans to offer free on-demand ASL interpreting services
Shoppers can start a video call with a professional interpreter at the tap of a button.

Source: Adam Penale
Tuesday, Jun 02 2026

Electronics recycling company Sunnking moves operations to Bloomfield
Sunnking says it will own the building outright and will be adding a second shredder.

Source: Spectrum News Staff
Tuesday, Jun 02 2026

General Mills agrees to sell Häagen-Dazs shops in China to investor group
General Mills is selling its Häagen-Dazs ice cream shops in China to a group of investors that includes a Chinese tea brand

Source: Associated Press
Tuesday, Jun 02 2026

Short seller Andrew Left convicted of securities fraud
A federal grand jury in California has convicted short seller Andrew Left of securities fraud

Source: Associated Press
Tuesday, Jun 02 2026

Treasure Island weighs tougher code enforcement for unsafe, neglected properties
According to Dixon, about 78% of homeowners have voluntarily complied with post-storm cleanup and repairs. Others face fines.

Source: Justina Rhines
Tuesday, Jun 02 2026

Cambodia initiates action with UN agency to force conciliation of maritime dispute with Thailand
Cambodia has filed for compulsory conciliation under a U.N. maritime law agreement to resolve a sea border dispute with Thailand

Source: Associated Press
Tuesday, Jun 02 2026

Wall Street poised to open lower even as AI and data center companies soar on still-hot demand
Markets on Wall Street tipped toward losses before the opening bell Tuesday even as a handful of technology companies saw their shares post big gains as demand for AI and data center infrastructure remains red hot

Source: Associated Press
Tuesday, Jun 02 2026

Berkshire Hathaway buys homebuilder Taylor Morrison and then invests $10B in Alphabet under new CEO
Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

Source: Associated Press
Monday, Jun 01 2026

Nvidia bets on AI personal computers with new 'superchip' powering Windows laptops
Nvidia has unveiled powerful new chips to bring advanced artificial intelligence to Windows laptops and desktops

Source: Associated Press
Monday, Jun 01 2026

Scott Pelley of '60 Minutes' accuses CBS News head Bari Weiss of 'murdering' the show, report says
Reports say Scott Pelley has accused CBS head Bari Weiss of "murdering" the hugely successful “60 Minutes.”

Source: Associated Press
Monday, Jun 01 2026

Anthropic races toward a Wall Street debut with a confidential SEC filing
Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion

Source: Associated Press
Monday, Jun 01 2026

Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT
The state of Florida has filed a lawsuit against OpenAI and CEO Sam Altman, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks

Source: Associated Press
Monday, Jun 01 2026

Memorial Tournament expected to generate millions for Dublin economy
The Memorial Tournament is expected to generate about $35 million in economic impact for Dublin.

Source: Aliah Keller
Monday, Jun 01 2026

As costs rise, summer food trucks deliver relief
Summer break doesn’t just mean no school, it can also mean losing reliable meals, but one district is trying to change that with a food truck

Source: Sheena Elzie
Monday, Jun 01 2026

High diesel prices may dampen summer lobster fishing season
Prices nationwide are up more than $2 a gallon.

Source: Sean Murphy
Monday, Jun 01 2026

Robbins Lumber resumes operations after deadly fire
According to the Robbins Lumber website, the mill has resumed full operations and began processing orders again on May 26.

Source: Jules Walkup
Monday, Jun 01 2026

Family restores their bookshop from Hong Kong in upstate New York
When one book closes another one opens, and for one family, they have been able to bring the city of Hong Kong to the small town of Honeoye Falls.

Source: Adriana Loh
Monday, Jun 01 2026

Young and unemployed? Remote work, not AI, may be the problem, study finds
The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found

Source: Associated Press
Monday, Jun 01 2026

NRG Energy transfers ownership of Dunkirk plant to Genover
The NRG Plant operated for more than 60 years before being retired in 2016.

Source: Spectrum News Staff
Monday, Jun 01 2026

Almost a year since Chantal, businesses are preparing for this season's flood threats
Guglhupf Bake Shop in Chapel Hill reopened only weeks after Tropical Storm Chantal but is gearing up for potential flooding this storm season.

Source: Sydney McCoy
Monday, Jun 01 2026

Local businesses impacted by chemical incident in Garden Grove
It's been over a week since a chemical incident in Garden Grove forced 50,000 people to evacuate.

Source: Maryssa Rillo
Monday, Jun 01 2026

A robot is helping an ailing couple stay in their home. Are more to come for an aging population?
The decades-long quest to build home robots that are both helpful and lifelike — spurred on by fictional machines like The Jetsons’ humanoid maid Rosie —- is still mostly a pipe dream, but some developers are getting closer

Source: Associated Press
Monday, Jun 01 2026

Malaysia bans social media accounts for children under 16 but questions remain
Malaysia has started enforcing rules to prevent children under 16 from having social media accounts

Source: Associated Press
Monday, Jun 01 2026

St. Pete’s Hometown Haulers program wins state innovation award
The first-of-its-kind program engaged local businesses to accelerate hurricane debris removal.

Source: Josh Rojas
Monday, Jun 01 2026

Now Hiring: Lucille’s hiring ahead of busy Capitol patio season
To keep service running smoothly, staff are trained across all aspects of the restaurant, from menu knowledge to customer interaction.

Source: Kathryn Larson
Monday, Jun 01 2026

Chelsea's Star on 18 diner closes after nearly 25 years
The diner, located on 10th Avenue near West 18th Street, closed Sunday night.

Source: Ron Lee
Monday, Jun 01 2026

OHA won't pursue KITV purchase
Trustees voted down a motion to fund exploration of the proposed purchase.

Source: Michael Tsai
Monday, Jun 01 2026

Wrightstown hosts public meeting as data center developers target village land
It comes after village board members added a referendum to gauge public support for data center development in this August's primary election.

Source: Blake Dietz
Sunday, May 31 2026

'I’m really going to miss Cudahy': Beloved bakery closes after 12 years
After many years serving the Milwaukee community, a beloved local bakery has closed its doors, leaving behind bittersweet memories for many.

Source: Haley Kosik
Sunday, May 31 2026

A United Airlines flight to Spain turns back to Newark after a possible security threat
A United Airlines flight from Newark to Spain turned around midflight Saturday due to a possible security threat

Source: Associated Press
Sunday, May 31 2026

A United Airlines flight to Spain turns back to Newark after a possible security threat
A United Airlines flight from Newark to Spain turned around midflight Saturday due to a possible security threat

Source: Associated Press
Sunday, May 31 2026

Duke Energy lowers rates for customers starting Monday
This is the third rate reduction of the year.

Source: Spectrum News Staff
Sunday, May 31 2026

Texas drivers, experts discuss the state of electric vehicles and EV infrastructure
The growing number of electric vehicles created a huge demand for more charging stations to support the industry in Texas and around the country.

Source: Valencia Jones
Saturday, May 30 2026

St. Petersburg artists may get new funding through developer contributions
In exchange, developers would get a little more density for projects.

Source: Tyler O'Neill
Saturday, May 30 2026

Cocoa Beach businesses react to Blue Origin explosion
Despite the potential of delays in the Artemis program, businesses believe tourism won't take a major hit.

Source: Brandon Spencer
Saturday, May 30 2026

Russian spies are aggressively seeking Western technology as sanctions bite, officials say
Russian intelligence agencies have grown more aggressive in their efforts to steal Western technology and defense secrets as sanctions squeeze the country’s wartime economy

Source: Associated Press
Friday, May 29 2026

Orlando’s downtown nightlife takes another hit as The Attic will close
The owner said business dropped some 50% to 70% since a deadly Halloween weekend shooting in 2024.

Source: Adrianne Flores
Friday, May 29 2026

US stocks gain ground, adding to their records, as Dell soars
Stock indexes closed higher on Wall Street, adding to the all-time highs they set a day earlier

Source: Associated Press
Friday, May 29 2026

In farm country, an old American pickup truck becomes more than a workhorse
Pickup trucks were made for work

Source: Associated Press
Friday, May 29 2026

Rescuers evacuate the first of 5 villagers found trapped in a cave in Laos; 2 still missing
Rescue divers in Laos have safely evacuated the first of five villagers trapped in a cave for over a week due to floodwaters

Source: Associated Press
Friday, May 29 2026

Brazilian court orders restoration of Fordlandia, Henry Ford’s Amazon ghost town
A Brazilian court has ruled that officials must restore and preserve Fordlandia

Source: Associated Press
Friday, May 29 2026

Elmwood's Mister Pizza reopens under new management
According to a press release, most kitchen equipment has been replaced and the entryway and cashier counter have also been remodeled.

Source: Spectrum News Staff
Friday, May 29 2026

Series of upgrades to keep Buffalo's Black Rock Lock going for another century
The Black Rock Lock gives boats an easier way to get past strong currents from the Niagara River.

Source: Viktoria Hallikaar
Friday, May 29 2026

Clearwater gets update on downtown development projects
The Cleveland Street Alliance told the city council that projects are expected to generate $200 million in private investment for the district.

Source: Sarah Blazonis
Friday, May 29 2026

Humanoids dance and thread needles as Japanese robotics developers look to outdo Chinese
The Humanoids Summit Tokyo showcases advanced robotics, highlighting China's growing influence

Source: Associated Press
Friday, May 29 2026

Repair shops across New York seeing shortage in mechanics
Demand for diesel mechanics is quickly outpacing the supply.

Source: Rachel Niemi
Thursday, May 28 2026

Developer shows renderings, video of proposed Gas Plant development
Foundation Vision Partners showed a rendering video for the first time in a public forum.

Source: Josh Rojas
Thursday, May 28 2026

Maine dairy farmers hope high fertilizer, diesel costs ease soon
A Turner dairy farmer says Maine’s location "on the end of nowhere" is another challenge.

Source: Susan Cover
Thursday, May 28 2026

Key inflation gauge worsens as Americans' income and spending power erodes
It was the highest level of inflation in three years

Source: Associated Press
Thursday, May 28 2026

Tax collectors call on state to address system outages
Tax collectors offices say they have been dealing with daily outages of the system they use to issue driver's licenses, car and boat registrations.

Source: Sarah Blazonis
Thursday, May 28 2026

N.C. governor gets proactive on prediction markets with new executive order
Last year the prediction market was valued at $63.5 billion. That’s a 300% increase from the year prior.

Source: Daniel Gray
Thursday, May 28 2026

New program teaches small businesses to master AI
New training program helps close the growing artificial intelligence skills gap

Source: Taylor Bruck
Thursday, May 28 2026

Albany Co. exec says county doesn't control proposed data center
Developer Guild Ventures wants to build the data center on the site of the former Doane Stuart School.

Source: Spectrum News Staff
Thursday, May 28 2026

Sanford Airport food truck court takes off
One truck owner said Memorial Day weekend was “nuts,” but in a good way.

Source: Sean Murphy
Thursday, May 28 2026

DeSantis calls for special session next week on property tax relief
Gov. DeSantis is calling for a special session to put a property tax reform measure before voters for a "yes or no" question on the November ballot.

Source: Jeff Van Sant, Jason Delgado, Spectrum News Staff
Wednesday, May 27 2026

Businesses assess holiday performance amid rising fuel costs
As crowds packed Florida beaches for the holiday weekend, businesses were also keeping a close eye on fuel costs.

Source: Julia Hazel
Wednesday, May 27 2026

43North accelerator program to conclude at end of 2027
43North will continue programming through 2027 for participants.

Source: Brian Campbell
Wednesday, May 27 2026

Immigrant rights groups rally outside FIFA offices in downtown LA
The coalition alleges FIFA's accreditation requirements for SoFi Stadium workers force employees to provide sensitive personal information.

Source: City News Service
Wednesday, May 27 2026

Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fears
Drivers in Massachusetts for ride-hailing apps such as Uber and Lyft have become the first in the nation to certify a union

Source: Associated Press
Tuesday, May 26 2026

Nearly 500 N.Y. small business owners join calls for state data center moratorium
It follows a rally at the state Capitol two weeks ago where advocates pushed for the passage of proposed legislation before the end of session.

Source: Nicole Neuman
Tuesday, May 26 2026

Flavored vapes approved for marketing and sale
The Food and Drug Administration recently approved the use, sale and marketing of flavored-vape products.

Source: Brian Dwyer
Tuesday, May 26 2026

'It's definitely hard': Milwaukee businesses struggle with significant road construction
One barber estimates the construction has contributed to him to losing 15 clients.

Source: Blake Dietz
Tuesday, May 26 2026