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☆ Here's everything you need to know about Friday's big jobs report
▼ + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring. Still, even if the Labor Department's nonfarm payrolls report for July, to be released Friday at 8:30 a.m. "You're seeing just modest on-the-margin weakness in the labor market that [isn't likely to] spiral out of control into a negative feedback loop." Citigroup projects an even lower number — 150,000 on payrolls and a tick higher in the unemployment rate to 4.2%. Should the unemployment rate keep climbing, it could raise fears that the so-called Sahm Rule is in danger of being triggered.

Persons: Hurricane Beryl, nonfarm, Mike Reynolds, Dow Jones, Goldman Sachs, Beryl Organizations: Amerant, Hurricane, Labor, Federal, department's Bureau of Labor Statistics, Citigroup Locations: Florida, Sunrise , Florida, The U.S, department's, Texas, Houston

☆ These 10 U.S. states have America’s best economies in 2024
▼ + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.

Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida

☆ U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
▼ + stars: | 2024-07-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty ImagesThe U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. A broader unemployment rate which counts discouraged workers and those holding part-time jobs for economic reasons held steady at 7.4%. Household employment, which is used to calculate the unemployment rate, increased by 116,000.

Persons: Joe Raedle, Nonfarm, Dow Jones Organizations: Amerant, Labor Department, Dow, Federal Reserve Locations: Florida, Sunrise , Florida

☆ Florida Panthers games are moving from cable to local broadcast stations
▼ + stars: | 2024-07-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Sergei Bobrovsky, #72, and the Florida Panthers celebrate the Stanley Cup win following a 2-1 victory over the Edmonton Oilers in Game 7 of the NHL Stanley Cup Final at Amerant Bank Arena in Sunrise, Florida, on June 24, 2024. The Florida Panthers are skating to a new TV home. The Panthers, which have appeared in the Stanley Cup finals two years in a row, signed a multiyear deal with E.W. Scripps that allows the broadcast station owner to televise all locally produced Panthers preseason and regular season games as well as round one of the playoffs. "After careful review and dialogue, Diamond reached a mutual agreement with the Florida Panthers to end our existing telecast rights contract," a Diamond spokesperson said in a statement.

Persons: Sergei Bobrovsky, Diamond Organizations: Florida Panthers, Stanley, Edmonton Oilers, NHL, Amerant Bank, National Hockey League Stanley, The Panthers, E.W, Scripps, Panthers, Scripps Sports, Professional, Diamond Sports Group, Bally Sports Florida, Diamond Locations: Sunrise , Florida, Florida

☆ 2024 Stanley Cup Final Game 7: Edmonton Oilers and Florida Panthers set for historic showdown
▼ + stars: | 2024-06-24 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Game 7 of the 2024 Stanley Cup Final between the Edmonton Oilers and the Florida Panthers will decide which team will lift the famous trophy. It sets up a winner-takes-all final game in what has been a thrilling series. While Florida have three times missed the opportunity to claim the organization’s first title, one final victory will write the team into the history books. Edmonton's Stuart Skinner (left) makes a save from Florida's Sam Reinhart during Game 6 of the Stanley Cup Final. Going into Game 7, I can’t really expect what kind of game it’s going to be.

Persons: Paul Maurice, “, ” Maurice, Maurice, you’ve, –, Edmonton's Stuart Skinner, Florida's Sam Reinhart, Jeff Vinnick, Kris Knoblauch, Edmonton Knoblauch, They’ve Organizations: CNN, Edmonton Oilers, Florida Panthers, Panthers, Oilers, Amerant Bank, ABC, ESPN, CBC, Florida, NHL, Edmonton, Toronto Maple Leafs Locations: Florida, Edmonton

☆ How the Panthers avoided historic collapse to win their first Stanley Cup with 2-1 Game 7 win: 5 takeaways
▼ + stars: | 2024-06-24 | by ( Michael Russo | Daniel Nugent-Bowman | ) www.nytimes.com time to read: +8 min

The Panthers were also trying to avoid becoming the first back-to-back Stanley Cup losers since the 1977 and 1978 Boston Bruins. Canada’s Stanley Cup drought has now reached 31 years. After being largely silent in the past three games, the Panthers’ big guns showed up big in the make-or-break final game. Aleksander Barkov became the first Finnish captain in NHL history to lead his team to a Stanley Cup. Panthers arena flooded with Oilers fansIt’s a rarity to see a home arena invaded by visiting fans in the Stanley Cup Final, let alone in a Game 7.

Persons: Connor McDavid, Canada’s, Carter Verhaeghe, Sam Reinhart, Verhaeghe, Reinhart’s, Dmitry Kulikov, Mattias Janmark, McDavid, Conn Smythe, Sergei Bobrovsky backstopped, Paul Maurice, Maurice, Aleksander Barkov, “ Mr, Clutch ”, Vladimir Tarasenko, Clutch, Matthew Tkachuk’s, CARTER VERHAEGHE, ino H, ince, aron E kblad, hird, rick Organizations: NHL, Florida Panthers, Edmonton Oilers, Amerant Bank, Panthers, Oilers, Toronto Maple Leafs, Boston Bruins, Edmonton, Eastern, Stanley, ino H ard, ust Locations: Fla, Florida

Learn moreThe Canadians are mounting an incredible comeback, bringing us to a somewhat unlikely Game 7 on Monday. If you want to attend the game in person in Florida, we can help you out. Options are running low for the sold-out finale, but we can show you where to buy Stanley Cup tickets for Game 7 of the Oilers vs. Panthers match. Oilers vs. Panthers Game 7 tickets When: Monday, June 24, 8 p.m. Business Insider does not endorse or condone the illegal reselling of tickets, and entry into an event is at the venue's discretion.

Organizations: Business, Stanley, Oilers, Panthers, Amerant Bank, Florida Amerant Bank, Vivid Locations: Florida, Edmonton, Sunrise

☆ Stanley Cup Final: The Edmonton Oilers look to take the Florida Panthers to the limit in Game 6
▼ + stars: | 2024-06-21 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —The Edmonton Oilers aren’t done with their quest to end Canada’s decades-long Stanley Cup drought when they face off against the Florida Panthers in Game 6 on Friday. The Oilers defeated the Panthers 5-3 Tuesday at Amerant Bank Arena, forcing the Stanley Cup Final back to Canada. The Oilers were 0-3 down in the best-of-seven series series, but arguably have the momentum after successive wins as the scene shifts back to Edmonton. If the Oilers secure a win at home on Friday, they would take the series to a winner-takes-all Game 7 in Sunrise, Florida. If they manage to come back and win the series, the Oilers will finally end a three-decade Stanley Cup drought for Canadian teams – the Montreal Canadiens were the last to lift the Cup back in 1993.

Persons: “, we’ve, Connor Brown, “ We’ve, Kris Knoblauch, ” Knoblauch, you’re, Paul Maurice, We’ve Organizations: CNN, The Edmonton Oilers, Florida Panthers, The Oilers, Panthers, Amerant Bank, Oilers, ” Oilers, NHL, Toronto Maple Leafs, Detroit Red Wings, Stanley, Montreal Canadiens, Rogers, CBC, ESPN, ABC Locations: Canada, Edmonton, Sunrise , Florida

☆ Florida Panthers defeat Edmonton Oilers in Game 1 of NHL Stanley Cup Final
▼ + stars: | 2024-06-09 | by ( Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —The Florida Panthers defeated the Edmonton Oilers 3-0 in Game 1 of the NHL Stanley Cup Final on Saturday at the Amerant Bank Arena in Sunrise, Florida. Bobrovsky’s 32 saves helped lead the Panthers to the first Stanley Cup shutout victory in team history. So, they’re really smart players and it was a fun challenge.”Game 1 kicked off the second consecutive Cup Final for the Panthers. This is the team’s third ever appearance in the Stanley Cup. The Florida Panthers lost to the Vegas Golden Knights in last year’s Stanley Cup – their first final in 27 years.

Persons: Carter Verhaeghe, Aleksander Barkov, Connor McDavid, Sergei Bobrovsky, Evan Rodrigues, Eetu Luostarinen, ” Bobrovsky, “, ” McDavid Organizations: CNN, Florida Panthers, Edmonton Oilers, NHL, Amerant Bank, Panthers, Oilers, Stanley, ” Oilers, ”, Vegas Golden Knights Locations: Sunrise , Florida, Florida, Russian

☆ Lenders are bailing out of commercial real estate as a wave of debt builds
▼ + stars: | 2024-01-30 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Roughly $2.1 trillion of debt connected to commercial real estate assets, including office properties, apartment buildings, hotels, and retail spaces, will come due between now and the end of 2025 in the US, according to the real estate services firm JLL. The wave of maturities and the enormous equity shortfalls have raised concerns that a growing number of commercial real estate debts will fall into distress, forcing banks and other lenders to suffer losses. His group tracked about $15 billion of commercial property debt sales during the year, roughly three times the volume from 2022. Commercial real estate loans differ from residential mortgages taken by homeowners in that most are interest-only or pay down their principal balance minimally and span a decade or less. More banks are exploring loan salesBanks and other lenders generally aren't eager to seize the real estate assets that collateralize their debt.

Persons: Jerry, Stephen Scouten, Piper Sandler, it's, Kevin Aussef, Aussef, David Tobin, Marcus, Millichap, Synovus, Tobin, David Frosh, they're, Frosh, Fitch, David Blumberg, we'd, Blumberg, Daniel Geiger, Rob Verrone, Banks, You've, Bliss Morris, Morris Organizations: Amerant Bank, Business, Banking, CIBC, Mission, PacWest, HSBC, Fidelity, Funding Inc, Blackstone, Bloomberg, Broadway, Aon Center, 601W Companies, Iron Hound Management, First Financial Locations: Coral Gables , Florida, Houston, Canadian, Brookfield, Los Angeles, Columbus, Manhattan, Midland, Chicago, Oklahoma City, New York

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