
Tom Hudson
Senior Economics Editor and Special CorrespondentTom Hudson is WLRN's Senior Economics Editor and Special Correspondent.
Hudson's extensive reporting on South Florida's economy has taken him from the waters of Florida Bay to the depths of the PortMiami tunnel (and countless offices and conference rooms). He has interviewed bartenders and bankers, caregivers and CEOs to report on the people behind economic statistics.
He began his business reporting career in March 2000, just weeks after the dot-com bubble burst. He has reported from the trading floors of the CME, Chicago Board Options Exchange, NASDAQ and New York Stock Exchange. He previously served as Vice President of News at WLRN when he created and hosted The Sunshine Economy for 10 years. He was managing editor and co-anchor of Nightly Business Report on PBS.
Hudson is married with two sons and advises every bicycle rider to always wear their helmet.
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The Miami region used to have the highest annual inflation rate in the country. As inflation pressures have cooled, price hikes have slowed, but they haven't disappeared.
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Fort Lauderdale's second city reputation to Miami may be changing as jobs and residents move to the area, fueling significant economic growth for the neighborhood. But can it last?
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In his quarterly message, Federal Reserve Bank of Atlanta President Raphael Bostic supported a lower interest rate for the central bank, but he did not commit to the timing of a rate cut.
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Tourism is growing statewide, but air travel has slowed at South Florida's two major airports after record years. One reason is that fewer Canadians are coming. But cruise passengers continue crowding PortMiami and Port Everglades, while hotel tourism tax collection remains strong.
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Brightline added another car to its trains in July. Long distance ridership was a record, yet it hasn't been successful raising fares to help its financial outlook.
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It is a buyer's market for homes and condos in South Florida, according to the regional realtors association. Plus: find your neighborhood's housing market by zip code.
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COVID-19 changed commuting patterns. Most workers are back on the road at least some of the time, but work-from-home has helped shorten average commute times in some of South Florida.
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South Florida continues to have one of the lowest rates across the state.
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Consumer prices heated up in the Tampa-area in July. The annual inflation rate was 3.3% in that region according to data released Tuesday. That is the highest year-over-year inflation rate in over a year.
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Lower passenger fares in June led credit rating agency S&P Global to cut its rating on some of Brightline's bonds. The passenger train service hopes to refinance other borrowing, but at higher interest rates.
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Passengers are booking trips and cruise companies are holding firm on prices. It makes for pretty fair weather for the cruise industry despite worries over consumer spending and confidence.
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The private passenger rail service said it continues to "actively progress" a plan to sell a "substantial amount of equity" as it postponed paying interest on some of its borrowings.