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☆ Billionaire Ken Griffin says Miami could overtake New York as a financial hub
▼ + stars: | 2023-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

The Citadel founder said that the city could one day overtake New York as the US' financial hub. Wall Street giants and tech CEOs are flocking to Miami, with Jeff Bezos moving from Seattle. AdvertisementKen Griffin has said that Miami "represents the future of America" and hinted that the city could one day supersede New York as a financial hub. We're on Brickell Bay, and maybe in 50 years it will be Brickell Bay North, how we refer to New York in finance," he said. The company is building a new $1 billion headquarters in Brickell Bay , Miami's financial district.

Persons: Ken Griffin, Jeff Bezos, —, Griffin, Miami's Organizations: Bloomberg, Citadel, Wall Street, Service, Sunshine State, Amazon, Florida doesn't Locations: Miami, New York, Seattle, Miami's Brickell Bay, Brickell Bay, Brickell, Chicago, Afghanistan, York, Florida

ORLANDO, Fla. (AP) — Disney on Tuesday released a study showing its economic impact in Florida at $40.3 billion as it battles Florida Gov. Disney accounted for 263,000 jobs in Florida, more than three times the actual workforce at Walt Disney World, according to the study conducted by Oxford Economics and commissioned by Disney, covering fiscal year 2022. The jobs include Disney employees as well as jobs supported by visitor spending off Disney World property. In central Florida, Disney directly accounts for 1 in 8 jobs, and for every direct job at Disney World, another 1.7 jobs are supported across Florida, Oxford Economics said. Before control of the district changed hands from Disney allies to DeSantis appointees, the Disney supporters on its board signed agreements with Disney shifting control over design and construction at Disney World to the company.

Persons: Disney, Ron DeSantis, DeSantis, “, Mike Schneider Organizations: Florida Gov, Disney, Walt Disney, Oxford Economics, Sunshine State, Central, Florida Legislature Locations: ORLANDO, Fla, Florida, Disney, Oxford, DeSantis, Southern California, Orlando , Florida, Central Florida, Orlando, Tallahassee

☆ Florida Man Chases Poachers
▼ + stars: | 2023-11-11 | by ( Lydia Millet | ) www.nytimes.com time to read: +2 min

Though Babauta was a law-enforcement officer, Renner recounts, he often felt a kinship with the poachers he was tasked to bring in. Or the developers and politicians who cater so eagerly and profitably to that voracious demand. Rather, they crawl toward us out of the dark ooze, slowly opening long jaws lined with sharp teeth. They lurk in the murk like primordial fear and sometimes find themselves on the wrong side of a golf course fence. GATOR COUNTRY: Deception, Danger, and Alligators in the Everglades | By Rebecca Renner | Flatiron | 277 pp.

Persons: Renner, Jeff Babauta, finessing, Babauta, Karen Russell, Lauren Groff, Rebecca Renner Organizations: Flatiron Locations: Florida, South Florida

☆ What orange juice futures tell us about the state of our world
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.

Persons: Nicole, it’s, they’re, ”, Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, “, Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States

☆ Trump’s efforts to overshadow DeSantis in Florida take center stage
▼ + stars: | 2023-11-04 | by ( Steve Contorno | Kristen Holmes | ) edition.cnn.com time to read: +12 min

CNN —A Florida Republican lawmaker, after flipping his support to former President Donald Trump, is now publicly questioning Gov. Ron DeSantis’ support for the Jewish community. In the tug of war for home-state supremacy, Trump has gained the upper hand in part by exploiting rifts between DeSantis and Florida Republicans. Upstaging the governorThe personal vendettas help explain the lengths that Trump and his allies have traveled to upstage the Florida governor. “I think Ron DeSantis has been a good governor of Florida,” he told CNN.

Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Florida Sen, Rick Scott, Randy Fine, hasn’t, Scott, Fine, Byron Donalds, Matt Gaetz, ’, Trump’s, Nikki Haley, Sen, Joe Gruters, Gruters, ” Gruters, “, Paul Renner, ” Renner, ” DeSantis, Andrew Romeo, ” “, ” Romeo, —, Susie Wiles, Wiles, Justin Caporale, James Blair, Jennifer Locetta, Brian Hughes, DeSantis ’, “ He’s, Generra Peck, Marc Reichelderfer, Ken Cuccinelli, Matt Wolking, Erin Perrine, Kathleen Passidomo, ”, Stephen Cheung, Crooked Joe Biden, ” Cheung, Upstaging, Greg Steube, –, bagman, Caporale Organizations: CNN, Florida Republican, Trump, Florida Republicans, Republicans, DeSantis, GOP, Republican, Republican Party, Mar, Iran, Hamas, Sunshine State, Florida gubernatorial, South, Sunshine, “, White, Trump’s Department of Homeland Security, Capitol, Politico, Fair, Florida, House Locations: Florida, DeSantis, Orlando, Tallahassee, Miami, Hialeah, Israel, Iowa, South Carolina, ”, Washington, Lago

☆ Stay or go: Why Americans are drawn to — or sick of — living in Florida
▼ + stars: | 2023-11-03 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

Nearly 730,000 moved to the Sunshine State between 2021 and 2022, while almost 500,000 people left. Those who moved in love the lifestyle, while those who moved out say the state got too expensive. AdvertisementAdvertisementSome people love Florida, but some hate it: the Sunshine State is undeniably divisive. It's part of "the biggest migration" in a generation, said Holly Meyer Lucas, a real-estate agent in South Florida. People are tending to move in droves to lower-tax states, including Florida but also Texas and Arizona, she added.

Persons: —, Holly Meyer Lucas, Chris Brown, Ryan, Jami Wilson Organizations: Sunshine State, Service, Sunshine Locations: Florida, South Florida, Texas, Arizona, Chicago, Tampa, South Carolina

☆ Jeff Bezos is moving to Miami. Step inside 'Billionaire Bunker,' the exclusive neighborhood where he owns 2 mansions.
▼ + stars: | 2023-11-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +1 min

Jeff Bezos, who has called Seattle home for 29 years, is officially moving to Miami. Jeff Bezos has reportedly purchased a waterfront mansion in Indian Creek, an artificial barrier island in Miami. Karwai Tang/WireImage via Getty Images; Jeffrey Greenberg/Universal Images Group via Getty ImagesBezos made the announcement on Instagram on Thursday evening. "I want to be close to my parents, and Lauren and I love Miami," Bezos wrote of his and his fiancé Lauren Sanchez's decision to make the move. Of course, Bezos is no mere wealthy individual: With a $160 billion net worth, the Amazon founder is currently the second-richest person in the world.

Persons: Jeff Bezos, Karwai Tang, Jeffrey Greenberg, Bezos, Lauren, Miami, Lauren Sanchez's Organizations: Seattle, Getty, Universal Locations: Miami, Indian, Cape Canaveral, Pacific

☆ The allure of Tennessee: Why Floridians are trading their sandy beaches for a quieter life
▼ + stars: | 2023-10-31 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Floridians, Texans, and Californians in particular are relocating there for a slower pace of life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementLindsey Moore, a mom of three and a dental technician who posts about her life on TikTok @lindseyswagmom , recently extolled the virtues of her new home state: Tennessee. She said many Floridians are packing up for places like Knoxville, Tennessee; Greenville, South Carolina; and Huntsville, Alabama, which she collectively calls "the Villes." "People are moving to simpler places because the places that they're leaving are becoming very, very complicated."

Persons: —, Lindsey Moore, TikTok @lindseyswagmom, Moore, didn't, Texas —, Rachael Wedekind, Jamie Foreman, Holly Meyer Lucas, Meyer Lucas, they're, Michael Tyler Organizations: Texans, Service, Volunteer, Memphis, . Software, Oracle, Facebook, Sunshine, Golden State, Knoxville Locations: Tennessee, Floridians, Knoxville, Nashville, Memphis, Florida, California, Texas, New York, Pennsylvania, Smoky, Relocators, Miami, Orlando, Tampa, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Sacramento, Jonesborough

☆ Wealthy movers to South Florida have pushed the real-estate market to new highs. See 6 homes for sale only the rich can afford.
▼ + stars: | 2023-10-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

An influx of wealth is reshaping the real-estate market in South Florida. The average home price in Palm Beach hit $20 million, making it the country's most expensive market. Six South Florida homes seeking over $40 million offer perks from a rooftop pool to a tennis court. At the same time, the number of listings has fallen off in Palm Beach and Miami Beach, nudging along competition for what homes come to market. Take a look at six of the most expensive homes for sale in South Florida eyed by these monied movers, with prices topping $40 million.

Persons: —, Larry Ellison's, Ken Griffin's, Jeff Bezos's, Ruthie Assouline, Douglas Elliman, there's, Corcoran Organizations: Palm, Service, Sunshine State, Oracle, Citadel, Miami, Wall, CNBC, Miami Beach Locations: South Florida, Palm Beach, Florida, Valley, New York City, Miami, Beach, Miami Beach, nudging

☆ People are fleeing California and New York. Here's where they're moving.
▼ + stars: | 2023-10-27 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementOver 8.2 million Americans moved to a different state between 2021 and 2022, 100,000 of whom moved from California to Texas. New US Census migration data reveals thousands of Americans are leaving California and New York in favor of Florida and Texas. The California to Texas move remained high for 2021-2022, but on the flip side, only 42,000 Texas residents moved to California. AdvertisementAdvertisementAs New York City become more expensive and elusive, Jersey City has attracted thousands of New Yorkers into new housing developments. Many moved to communities with easy access to New York City without paying city prices — and many have stayed remote.

Persons: —, Zillow Organizations: Service, Texas ., Sunshine State, New Locations: Texas, Arizona, Washington, New, Florida, California, Texas . New, New York, Nevada , Washington, Oregon, Arizona , Washington, Nevada, Yorkers, Georgia, Knoxville, Greenville, New Jersey, New York City, Jersey City, Connecticut, —, Tennessee , Utah, South Carolina

☆ Florida is experiencing the 'biggest migration' in a generation. Here are 10 states locals are moving to.
▼ + stars: | 2023-10-24 | by ( Kelsey Neubauer | Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Floridians moving to Georgia, Texas and North Carolina have the same impetus for leaving, Meyer Lucas said. AdvertisementAdvertisementThe typical cost of a home in Florida was $384,300 at the end of 2022. The typical cost of a home in Georgia was $340,000 and the typical cost of a home in North Carolina was $345,100, according to Redfin. For those relocating to Texas, Meyer Lucas observed that people aren't going to places like Dallas, Houston, or Austin.

Persons: —, Holly Meyer Lucas, Floridians, Meyer Lucas Organizations: Service, Sunshine State, Florida, Yorkers Locations: —, — Florida, Georgia, North Carolina, Texas, New York, California, Florida, Florida , Arizona, South Georgia, Georgia , Texas, Dallas, Houston, Austin

☆ House speaker: One of the most important jobs in American politics has turned into a nightmare
▼ + stars: | 2023-10-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +8 min

CNN —Winning a majority party’s nomination for speaker of the House of Representatives usually elevates a lawmaker into the pantheon of American political leaders. But this is about more than the plight of a Republican Party that often looks like it’s tearing itself apart. If the dysfunctional House GOP majority cannot get its act together, the US government could run out of funding before Thanksgiving week – and millions of Americans could pay the price. As former House Speaker Newt Gingrich, himself a notoriously polarizing figure, said on Fox News this weekend: “They got big decisions coming down the road. We don’t have someone who is the speaker of the House to negotiate with the White House, with Senate Democrats who are in the majority.

Persons: Kevin McCarthy, McCarthy, Vern Buchanan, ” Buchanan, Byron Donalds, Steve Scalise, Jim Jordan, Donald Trump, “, ” Trump, Christ, Jesus, ‘, ’, Tom Emmer, Scalise, Joe Biden, There’s, –, there’s, Newt Gingrich, Brett Guthrie, Larry Bucshon, CNN’s Brianna Keilar Organizations: CNN, GOP, Republican Party, Florida, Sunshine, Republican, Caucus, Black Republicans, Democratic, White, Fox News, Democratic Senate, Republicans, ”, The Indiana Republican, Democrats Locations: Washington, New Hampshire, Florida, There’s, Brett Guthrie of Kentucky, Israel, Ukraine

☆ Wall Street and money moved into South Florida, driving up prices. Now some residents want to move out.
▼ + stars: | 2023-10-22 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +10 min

They're looking to nearby smaller cities in South Carolina, North Carolina, Georgia, and Tennessee. They're picking places like Knoxville, Tennessee; Greenville, South Carolina; Huntsville, Alabama; and Asheville, North Carolina; which she collectively refers to as "the Villes." AdvertisementAdvertisementWhy CEOs moved their lives — and their businesses — to FloridaWall Street moved to South Florida in droves in 2020 and 2021. Billionaire hedge-fund CEOs — like Citadel's Ken Griffin — paid record-shattering amounts for South Florida homes , added offices, and moved their businesses there entirely from New York, Chicago, and Silicon Valley. They bought a 2,400-square-foot, four-bedroom home on an acre of land for the same price in Greenville, South Carolina.

Persons: —, There's, Nicole Panesso, Holly Meyer Lucas, Meyer Lucas, Ken Griffin —, Brian Guzman, Guzman, Jonathan Miller, Ken Griffin, PATRICK T, FALLON, It's, Larry Ellison, Miller, Michael Bordenaro, Greg May, Marcia Straub, Keller Williams, Jill Cody, she's, Ryan Wilson, Jami, Alexander Spatari, Jami Wilson Organizations: Service, Sunshine State, Census Bureau, Orlando, Coral, Fort Myers, Florida Wall, Billionaire, Guzman Advisory Partners, Getty, West Palm Beach, Florida Atlantic University, Silicon, Oracle, South, South Florida metros, Fortune, Miami, Homes, Army Locations: Florida, Greenville, Knoxville, South Florida, Chattanooga , Tennessee, South Carolina, North Carolina , Georgia, Tennessee, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Asheville , North Carolina, Realtor.com, Asheville, Miami, Gulf Coast, New York, Chicago, Silicon, West Palm, Fort Lauderdale, Palm Beach, Texas, North Carolina, Greensboro, Fort

ORLANDO, Fla. (AP) — The forecast for Florida citrus, the state’s signature crop, is expected to improve in the upcoming season compared to last year when twin hurricanes battered the state at the start of the citrus season, according to estimates released Thursday. Florida is expected to produce 20.5 million boxes of oranges during the upcoming season, up from 15.8 million boxes last season, according to the U.S. Department of Agriculture. Florida growers are expected to harvest 1.9 million boxes of grapefruit during the 2023-2024 season, which lasts through next spring, up from 1.8 million boxes last season. The harvest was 41.2 million boxes in 2021-2022 and more than 52.9 million the season before that. Even before the hurricanes, citrus production had been on a downward trajectory because of ongoing disease problems.

Persons: mandarins, Hurricanes Ian, Nicole Organizations: U.S . Department of Agriculture, Hurricanes, Sunshine State Locations: ORLANDO, Fla, Florida, U.S, California

☆ Floridians are relocating to the center of the state to try to avoid hurricanes — and high insurance premiums
▼ + stars: | 2023-10-08 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementSome Floridians are leaving their coastal homes due to the risk of extreme weather events and increasing insurance premiums —but they aren't going too far. They were happy to move far away from not only the risk of extreme weather events, but also the rising insurance premiums tied to coastal communities. Ocala, Florida John Coletti/Getty ImagesOf course, Ocala is not completely immune to hurricanes, as the Journal noted 2017's Hurricane Irma caused some power outages and flooding. Ocala, Florida Michael Warren/Getty ImagesThe average insurance premiums for Florida residents has tripled in the past five years, according to Insurance Information Institute data collected by the Journal. Danny Collins, who lives in Hobe Sound, Florida, just north of West Palm Beach, previously told Insider his mortgage jumped $1,000 under new insurance premiums.

Persons: —, Courtney Moody, Moody, it's, she's, Ocala , Florida John Coletti, Irma, Jo Anne, Ed Lewis, Bonita Springs . Ocala , Florida Michael Warren, Danny Collins, Bob Stephens Organizations: Ocala, Alpha, Service, Wall Street, Ocala Police Department, Getty, Florida, Insurance, Journal, Farmers Group, West Palm Beach, Dade Locations: Florida, South Florida, Ocala, Orlando, Sunshine, Miami, Ocala , Florida, Bonita Springs, Bonita Springs . Ocala , Florida, Hobe Sound, West Palm, Marathon . Ocala, Marion, Dade County, that's

☆ Nikki Haley could be the last, best chance for Republicans to unite against Trump before he steamrolls the GOP presidential field
▼ + stars: | 2023-10-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Former President Trump remains well ahead of his fellow Republican presidential contenders. But Nikki Haley is in a solid position in both GOP statewide polling and general election matchups. As other candidates leave the race, Haley's viability as a top Trump alternative will likely strengthen. Meanwhile, Haley's stock may be low, but very importantly it's up: she's averaging around 8% in the FiveThirtyEight GOP polling average, up from 3% at the beginning of August. AP Photo/Meg KinnardA Public Opinion Strategies survey of New Hampshire had Trump ahead with 44% support, with Haley in second place with 17% support.

Persons: Trump, Nikki Haley, —, Nikki Haley's, Joe Biden, Ron DeSantis, Donald Trump's, Haley, she's, Meg Kinnard, Biden, DeSantis, Vivek Ramaswamy, Sen, Tim Scott of, Donald Trump, Jae Organizations: Trump, Service, South Carolina Gov, Gov, GOP, New, United Nations, AP, Boston Globe, New Hampshire, NBC, Trump White, Walt Disney Company, Sunshine State, Iowa Locations: Florida, Iowa, New Hampshire, South Carolina, Clive , Iowa, Suffolk, DeSantis, Tim Scott of South Carolina, Anaheim , Calif

☆ How Florida became America's 2nd-most-valuable housing market
▼ + stars: | 2023-10-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Florida beat out New York to become the country's second-most-valuable housing market, Zillow said. Of the top six markets that gained the most value since the onset of COVID-19, four are in Florida. The market boom is driven by an influx in new residents putting more demand on the housing stock. Florida welcomed 655,000 new residents since the start of the pandemic, according to Census estimates reported by Insider in March. Stefanie Mortenson traded her life in Virginia for a $159,000 tiny home near Tampa, Florida.

Persons: Zillow, —, Stefanie Mortensen, Stefanie Mortenson, Noelle Lane, Nicole Panesso, There's, David Triana Organizations: Florida, Service, Sunshine, Bloomberg, Florida Atlantic University, Florida International University, Tampa, North, Coral, Lakeland, Cape Coral, Joint Center for Housing Studies, Harvard University Locations: New York, Florida, California, Tampa, Miami, Jacksonville, Orlando, Virginia, Tampa , Florida, North Port, Palm, Gulf Coast, Naples, Cape, Georgia, Tennessee, Nicole Panesso South Florida, Fort Lauderdale, Chattanooga , Tennessee, Clermont , Florida

☆ The 9 locations around the world where sharks attack most, from Florida to Western Australia
▼ + stars: | 2023-09-29 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

The risk of being bitten by a shark is low, and deaths from a shark attack are rare. Insider has taken a look at the locations where the most shark attacks occur across the globe. Insider has taken a look at some of the major shark attack hot spots around the world, from Australia to the Bahamas. The ISAF says that the US tops the charts for "confirmed unprovoked" shark attacks since 1580, with a recorded 1,604 incidents. Peter Unger/Getty ImagesA woman was killed in a second fatal shark attack in the area of Plettenberg Bay in 2022.

Persons: —, Walt Harden, Mark Sumersett, I've, Simon Nellist, Peter Unger, Kimon Bisogno, Sara Andreotti, Pawel Toczynski, Kim Mahbouli, Alexis Rosenfeld, Katarina Zarutskie Organizations: Service, Sunshine State, Florida, ISAF, Australia Australia, New, CNN, Getty, South, Palmetto State, Hilton Head Hospital, Hilton Head Island Government, New York Times, South Africa's Stellenbosch University, CBS News, Smithsonian Magazine, Daily Star, BBC Locations: Florida, Australia, Bahamas, Florida Florida, Smyrna Beach , Florida, Volusia County, ISAF, New Smyrna, New South Wales, Western Australia, Victoria, Little Bay, Sydney, Hawaii, Pacific, South Carolina, Sea Pines, Hilton, Carolina, North Carolina, South Africa, California, Africa, Plettenberg Bay, Plettenberg, France, London, Brazil Brazil, Brazil, Caribbean, American

☆ Democratic donors rolled their eyes at a recent meeting when the Biden campaign team included GOP-trending Florida as a state that could help reelect the president next year, report says
▼ + stars: | 2023-09-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

The Biden reelection campaign sees Florida as a potential state on their expansion map, per WaPo. But donors remain skeptical of Florida being a part of Biden's reelection calculus, per the paper. According to WaPo, there were "deep eye-rolls" among donors when Florida was brought up during a presentation. Florida, Florida, Florida. But the Biden campaign seemingly isn't giving up hope, despite the odds.

Persons: WaPo, Donald Trump, Ron DeSantis, that's, Joe Biden's, Julie Chavez Rodriguez, Quentin Fulks, North Carolina —, Biden Organizations: Biden, Service, Republicans, Sunshine State, Electoral College, The Washington Post, National Finance Committee, North Carolina, Democratic Locations: Florida, Wall, Silicon, Florida . Florida , Florida , Florida, Arizona, North Carolina, Chicago, Michigan , Pennsylvania, Wisconsin, Arizona , Georgia, Nevada

☆ Why this small Florida county became the 'shark bite capital of the world'
▼ + stars: | 2023-09-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Florida's Volusia County is known as the "shark bite capital of the world." The area is a hot spot for shark attacks, especially on September afternoons, per the ISAF. Data from the Florida Museum's International Shark Attack File (ISAF), which describes itself as "the world's only scientifically documented, comprehensive database of all known shark attacks," shows that Florida is the global leader in shark attacks, with 259 from 2012 to 2021, well ahead of Australia in second place. But it is in Volusia County — which includes the renowned Daytona Beach and New Smyrna Beach — on Florida's east coast that has been dubbed the "shark bite capital of the world." The sharks that hunt the waters of Volusia County and are mostly involved in biting incidents include Blacktip, Bull, and Requiem sharks.

Persons: Gavin Naylor, Menhaden, Naylor, It's, surfboards, Carlos Grillo, Mark Summersett, Alex Miller, Miller, Summersett, I've, Sumersett Organizations: ISAF, The Florida, of Shark Research, Service, Sunshine, Florida, Daytona Locations: Volusia County, Wall, Silicon, Florida, Australia, Volusia County —, and New Smyrna, —, Florida's, Brevard, Volusia, Ponce, ISAF, Tiger Beach, Bahamas, New Smyrna Beach

☆ These are the 10 most affordable US cities to live in with mortgage rates near multi-decade highs, according to Bank of America
▼ + stars: | 2023-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Mortgage rates are at their highest levels since the early 2000s after slipping late last year, while home price growth has ticked back up this summer after steadily falling from its pandemic peak. Mortgage rates are near multi-decade highs right now. Many people are bailing on big, pricey citiesBut not all US cities are equally affected by lofty mortgage rates and elevated property prices. 10 highly affordable US citiesProspective property owners priced out of costly cities and squeezed by historically high mortgage rates may want to look at homes in the most affordable US markets. Below are the 10 US markets with the highest affordability values as of the most recent data, according to Bank of America and the National Association of Realtors.

Persons: Freddie Mac, BofA Organizations: Federal Reserve, Bank of America, National Association of Realtors ., Denver, The Sunshine, National Association of Realtors, NAR Locations: San Jose , Los Angeles, Anaheim, National Association of Realtors . Florida, Colorado, Miami, Naples, Boulder, Angeles, New York, San Francisco, Seattle, Jacksonville , Florida, Columbus , Ohio, Austin , Texas, San Antonio , Texas, Tampa , Florida, Orlando , Florida

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

☆ Florida's mega-rich could pay $600K for annual home insurance in elite enclaves as the state is slammed with increasingly severe hurricanes
▼ + stars: | 2023-09-09 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Insurance rates in Florida have tripled in recent years, according to Bloomberg. For the ultra-rich, insurance companies could sell five- to six- figure policies. Homeowners across Florida have seen rates increase threefold in the past few years, the report found. Weather risks, along with a combination of other factors, have caused insurance companies to pivot and stop issuing new policies in Florida. California, a state that is prone to wildfires and extreme weather, has also experienced an exodus of insurance companies.

Persons: Diddy, Jennifer Lopez, Ken Griffin, Idalia, Mark Friedlander, Oscar Seikaly Organizations: Bloomberg, Service, Homeowners, Citadel, Sunshine State, National Weather Service, Insurance Information Institute, Farmers Insurance, AAA, Farm, Allstate, NSI Insurance Locations: Florida, Wall, Silicon, Florida's, Star, Texas, . California, Napa Valley

☆ One year out, here’s what we know about how the presidential race will look on Labor Day 2024
▼ + stars: | 2023-09-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +15 min

CNN —Much remains unknown of course about the presidential general election whose traditional kick-off will come one year from today on Labor Day, 2024. Twenty states have likewise voted for the GOP presidential nominee in all four of those contests. That means 40 of the 50 states, or 80%, have voted the same way in four consecutive presidential elections. In the presidential elections of 2012, 2016 and 2020, though, the states where the margin of victory landed within four points of the national vote total dwindled. Eventually a Democratic choice to write off Florida and Ohio could provide a tactical benefit for the GOP presidential nominee.

Persons: ”, Doug Sosnik, Bill Clinton, Barack Obama’s, Joe Biden’s, Franklin D, Roosevelt, Trump, hasn’t, Obama, Kyle Kondik, Ball, Kondik, Amy Walter, Biden, Crystal Ball, Cook, Trump’s, headwinds, Republican Sen, Ron Johnson, Roy Cooper, Erika Franklin Fowler, “, George W, Bush’s, Hillary Rodham Clinton, Michael Bloomberg, I’ve, Steve Schale, Schale, don’t, it’s, “ Biden, Ben Tulchin, Fowler Organizations: CNN, Labor, White, Democratic, GOP, University of Virginia’s Center for Politics, Electoral College, Trump, Democrats, Crystal Ball, New Hampshire, Republican, White House, Biden, Pennsylvania Senate, Democratic Gov, Wesleyan Media Project, Wesleyan University, Electoral, Republicans, ”, Wisconsin, District, New, New York City, Sunshine Locations: Indiana , Iowa , Ohio, Florida, North Carolina, Arizona, Georgia, Wisconsin, Michigan, Nevada, Pennsylvania, New Hampshire, Arizona , Georgia, New, dislodging Michigan, Nebraska, Ohio, New York, Minnesota, New Hampshire , Virginia, Oregon, Texas

☆ Opinion: DeSantis’ snub of Biden in Florida shows why he’s bad at politics
▼ + stars: | 2023-09-03 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden traveled to Florida on Saturday to survey the devastation from Hurricane Idalia. But a White House official told CNN the governor hadn’t raised that issue when the president told him of his visit before announcing it publicly. Of course, those concerns were apparently not an issue when DeSantis welcomed Biden to the state to survey past calamities. For example, in 2021, after the deadly condo collapse in Surfside, Florida, Biden and DeSantis came together as the president toured the damage. And it’s really important.”Just last year, again Biden and DeSantis publicly toured the destruction caused by Hurricane Ian in October.

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