Jacksonville and Northeast Florida

Florida Business News

• Two-month consumer sentiment collapse stabilizes in May

  After two months of unprecedented declines, consumer confidence among Floridians inched up one-tenth of a point in May to 76.4 from April’s revised figure of 76.3. Similarly, consumer sentiment at the national level increased slightly.

• How Florida’s strained insurance market is facing COVID-19, hurricane season

  From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020.

• Tropical Storm Cristobal forms in the Gulf, earliest third-named Atlantic storm on record

  Tropical Depression #3 was upgraded to Tropical Storm Cristobal, the 3rd earliest named storm in the Atlantic on record. The previous record was held by Tropical Storm Colin on June 5, 2016.

• SpaceX proceeding toward eighth launch of Starlink satellites from Cape Canaveral

  After successfully taking astronauts to orbit over the weekend, SpaceX is still targeting Wednesday night for the launch of another batch of Starlink internet satellites from Cape Canaveral Air Force Station.

• Florida bars and lounges are anxious to reopen. No sign yet of when it will be OK

  Local elected officials are telling the governor that bar and nightclub owners whose businesses rely on alcohol for 50 percent of revenue are getting desperate watching from the sidelines.

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