Local Business
Sunday, May 3, 2026 · Palm Coast
Pre-Tariff Import Frenzy Balloons U.S. Trade Deficit to Record $162B
Companies raced to stockpile goods ahead of President Trump's new tariffs, propelling the U.S. goods-trade deficit to a historic $162 billion in March 2025. Imports surged 5% to $342.7 billion, potentially dooming first-quarter GDP to contraction. As the 2026 Trade Policy Agenda ramps up protectionism, businesses brace for higher costs and shifting global chains.
Fed Cuts Rates as Economy Cools, Signals More Ahead
The Federal Reserve lowered interest rates by a quarter-point to 4-4.25% amid moderating growth and rising unemployment risks. Officials cited slowed job gains and elevated inflation but shifted focus to bolstering employment. Markets now eye further easing despite persistent price pressures.
Sunday, May 3, 2026
Inflation Squeezes U.S. Wallets as Spending Stalls
American consumers are tightening their belts amid stubborn inflation and a cooling job market, with real spending flatlining since December 2024. Tariff shocks and policy uncertainty have triggered a sharp pullback in discretionary purchases, signaling broader economic strain. As core inflation lingers above 3%, households face eroding purchasing power into mid-2026.[1][3]
Sunday, May 3, 2026
Mortgage Rates Surge to 6.71%, Freezing US Housing Market
The average 30-year mortgage rate climbed to 6.71% in April 2025, the highest in months, slamming the brakes on home sales and piling up inventory nationwide. Buyers face 47% higher costs for the same home compared to a year ago, amid tariff uncertainties and persistent inflation. Forecasters predict rates staying above 6% through 2026, testing the limits of affordability.
Sunday, May 3, 2026
Big Tech's Q1 Boom: AI Fuels Revenue Surge Despite Massive CapEx
Microsoft, Alphabet, Amazon, and Meta crushed Q1 revenue expectations with double-digit growth powered by AI-enhanced clouds and ads. But soaring capital spending on data centers and chips squeezed short-term margins, testing investor patience. The results signal AI's profitability is emerging faster than feared.
Sunday, May 3, 2026
Community's Choice Results: Metro Diner Crowned Best Burger in Palm Coast – Full Poll Rankings Revealed!
Discover the results of Palm Coast's Best Burger poll! Metro Diner tops the list in a thrilling tie, with McDonald's and Culver’s close behind. Explore the full rankings and why these spots are must-visits for burger lovers in Palm Coast, FL.
Sunday, May 3, 2026
Palm Coast Residents Grapple with AC Overheating Concerns
Palm Coast residents are facing AC overheating issues as temperatures rise, often due to maintenance neglect, low refrigerant, or electrical problems.
Sunday, May 3, 2026
Daytona Beach HVAC Business Installation: What Palm Coast Residents Should Know
Palm Coast businesses with interests in Daytona Beach are reminded of the importance of reliable HVAC systems for commercial properties.
Sunday, May 3, 2026
Why Is My Heat Pump Running Constantly in Palm Coast, FL?
Palm Coast residents are noticing their heat pumps running constantly as temperatures rise, often due to dirty filters, refrigerant leaks, or improper thermostat settings.
Sunday, May 3, 2026
Start Planning a Wedding at Hammock Beach Resort
Hammock Beach Golf Resort & Spa is inviting couples to plan their weddings at its luxurious oceanfront Palm Coast location, offering comprehensive services and stunning venues.
Sunday, May 3, 2026
Start Planning a Wedding at Hammock Beach Resort
Hammock Beach Golf Resort & Spa is actively promoting its comprehensive wedding and event planning services, offering a convenient and luxurious setting for local couples and families in Palm Coast.
Sunday, May 3, 2026
Walt Disney World Begins Testing Facial Recognition Technology
Walt Disney World has begun a limited, voluntary test of facial recognition technology for park entry at Magic Kingdom, a development of interest to Palm Coast families planning future visits.
Sunday, May 3, 2026