News from the South - Florida News Feed
South Florida 6:30 p.m. Weather Forecast 12/1/2024
SUMMARY: Meteorologist Dave Warren forecasts a significant cool down for South Florida due to a high-pressure system pushing cold air over the lakes, leading to lake effect snow in northern areas. In the coming days, residents can expect cool mornings with temperatures dropping to the low 70s by the evening. A north breeze will make it feel chillier, with the coldest mornings anticipated on Tuesday and Wednesday, dropping into the 50s. By late week, milder air returns, with temperatures gradually rising back to average. However, rough water conditions and a moderate risk of rip currents are expected due to strong winds.
CBS News Miami’s NEXT Weather Meteorologist Dave Warren says to expect another chilly next few days heading our way as the cold from the north brings down temperatures heading into next week.
News from the South - Florida News Feed
Asian shares slide further as rate cut, tariff worries hit market sentiment
SUMMARY: Asian shares declined on Friday, influenced by a closed U.S. market for a National Day of Mourning for former President Jimmy Carter. U.S. futures dropped as oil prices increased. Analysts cited waning confidence in potential interest rate cuts by the Federal Reserve amid strong U.S. economic data. Minutes from a recent Fed meeting revealed concerns about inflation and the incoming Trump administration’s trade and policy changes. Regional markets, including Japan and China, showed losses. In bond markets, yields remained steady after recent increases linked to better-than-expected economic reports and inflation concerns. Brent crude oil prices rose slightly.
The post Asian shares slide further as rate cut, tariff worries hit market sentiment appeared first on www.clickorlando.com
News from the South - Florida News Feed
How the wildfires in Los Angeles area could affect California’s home insurance market
SUMMARY: California’s wildfires, including the most destructive blaze in Pacific Palisades, are challenging the state’s insurance market. With many insurers halting policies in high-risk areas, homeowners face rising insurance costs or must turn to the FAIR Plan, which offers limited coverage. The number of FAIR Plan policies has surged, but its ability to handle large claims from these fires remains uncertain. To address the crisis, California has updated regulations to allow insurers to consider climate change in pricing and pass on reinsurance costs. However, premiums may rise, and the long-term impact on the market is still unclear.
The post How the wildfires in Los Angeles area could affect California’s home insurance market appeared first on www.news4jax.com
News from the South - Florida News Feed
What to expect in 2025 from Polk County's population boom
SUMMARY: Polk County in the Bay Area is experiencing a significant population boom, making it one of the fastest-growing counties in the U.S. Realtors report high demand for homes, with many inquiries from potential buyers relocating from states like New York, North Dakota, California, and Washington. The city of Lakeland is rapidly filling up, with few home sites available. Polk County’s appeal lies in its job opportunities and affordable cost of living. In 2023 alone, the county gained nearly 30,000 residents. Local leaders expect this growth trend to continue as more people discover the area’s benefits.
Polk County is becoming more popular as a place to move because of competitive home prices opportunity and slower pace of life
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