March 28, 2024

Wednesday's Afternoon Update

What you need to know about Florida today

| 4/20/2016

Florida shines for cash-heavy homebuyers

Cash homebuyers are disappearing on a national scale, but they are abundant in Florida, according to a new report from data firm RealtyTrac. So much so that among 110 metro areas nationwide with at least 1,000 single family and condo sales in the first quarter, those with the top five highest share of all-cash buyers were all in Florida. More from the Business Observer.

Tupperware raises expectations with better-than-expected profits

Orlando's Tupperware Brands (NYSE: TUP) beat profit expectations in the first quarter and raised its outlook for the rest of the year, the company reported Wednesday. More from the Orlando Sentinel.

Plan to sell old ICBMs stirs controversy

A push to let aerospace firms buy surplus ICBMs at a discount to launch commercial satellites has prompted warnings of unfair competition. The idea has only recently been floated publicly and has yet to gain broad traction. More from Florida Today.

Missing ingredient for millennials: Down payment savings

Short of savings and burdened by debt, America's millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. More from the AP.

Strengthening business ties with Japan

The Northwest Florida cultural ties with Japan are strong thanks to military veterans previously stationed there, the University of West Florida's Japan Center and numerous student exchanges with Pensacola’s sister city of Gero. More from the Pensacola News-Journal.

Sports Business
Orlando bidding to host NFL Pro Bowl

sports business The NFL's Pro Bowl all-star game could be bound for Orlando as early as next year. Florida Citrus Sports officials have submitted a proposal that would bring the game to Central Florida not just in 2017 but for the next three years.

» More from the Orlando Sentinel and Yahoo Sports.

Business Profile
Sanibel Captiva Community Bank

community banking A commonly held view is that community banks today need at least $500 million to $1 billion in assets to overcome government burdens and be solidly profitable. But Sanibel Captiva Community Bank defies that notion.

» More from the Business Observer

Tags: Daily Pulse, Afternoon Pulse

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Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

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