economy

City National Bank of Florida was one of the most prolific lenders of government rescue money during the pandemic.

The Federal Reserve has raised its forecast for economic growth, thanks to an improving public health outlook and trillions of dollars in federal spending.

Within days of President Biden signing the relief bill into law, many Americans have been delighted to see bank accounts showing $1,400 deposits already pending.

In remarks after a divided Senate approved his $1.9 trillion coronavirus relief package, Biden credited dogged lawmakers and widespread public support with getting it across the finish line.

The council maintains that Florida put itself at a competitive disadvantage in attracting high-skilled and high-paying jobs by giving up on “performance-based” incentive programs such as the Qualified Target Industry, or QTI, tax-refund program.

At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.

Restaurants and bars are reeling from persistent spikes of coronavirus cases. Earlier holiday sales also meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.

President-elect Joe Biden is proposing a $1.9 trillion plan to address the coronavirus pandemic and the resulting economic crisis.

After more than 25 years, Cuba is doing away with its dual currency system and getting rid of the Cuban Convertible Peso. What does the change mean for Cubans and for Cuban-Americans trying to help family and friends on the island?

A regular customer at a North Miami Beach juice bar and restaurant left a $2,021 when she paid her New Year's Day tab.

Data from the Census Bureau paint a grim picture of the pandemic’s impact on the economy. According to the bureau’s Household Pulse Survey, 26% of Floridians reported being late on rent, worse than the US average, while 12% reported not having enough to eat.

As new coronavirus surges restricted outings to stores and especially restaurants, retail sales dipped 1.1% in November compared to a month earlier.