Lee County Commissioners discuss LSCO Budget and Sheriff Marceno federal investigationNorth Fort Myers cheerleaders push for Nationals with community’s help
Lee County Commissioners discuss LSCO Budget and Sheriff Marceno federal investigation In light of recent investigations into Lee County Sheriff Carmine Marceno, a Lee County Commissioner proposed a change at Tuesday’s commissioner’s meeting that would separate the county budget from the sheriff’s. This potential change is a long way from being implemented because it isn’t necessarily a proposal, but more like the beginning steps of one. […]
NORTH FORT MYERS North Fort Myers cheerleaders push for Nationals with community’s help The North Fort Myers Pop Warner cheer team has the talent to compete on the biggest stage but lacks the money.
Victim identified in Charlotte County shooting A victim has been identified after a shooting on Nasturtium Drive early Monday morning.
Advanced care for lung cancer patients in Lee County The outlook for lung cancer is typically not good, mostly because it’s often picked up in late stages. However, Lee Health hopes to change that trajectory by launching a new advanced care center focusing on lung disease.
CHARLOTTE PARK After the storm: Harbor Belle RV Resort faces a slow path to recovery Here on WINK News, we have told you about the devastation at the Harbor Belle RV Resort in Charlotte Park and how, for months, many people did not have power.
New K-9 honors fallen Fort Myers officer A Fort Myers police officer who made the ultimate sacrifice serving southwest Florida gets a unique honor.
Websites to help you avoid charity rip-offs The holiday season is a popular time for people to open their wallets and make donations to charities, but how can you be sure your money is going to the right place?
Southwest Florida celebrates Giving Tuesday It’s a day of giving to the ones who need it the most. Giving Tuesday is the first Tuesday after Thanksgiving.
FORT MYERS BEACH Pink Shell developers plead their case against Fort Myers Beach To build up and out or to not. That is the debate going on right now on Fort Myers Beach. The Pink Shell wants to expand on the island.
NAPLES Naples football set for first state semifinal appearance in six years The Naples Golden Eagles are the lone Southwest Florida football team still standing in the drive to the 305.
FSW FSW volleyball celebrates history with third straight national title The FSW volleyball team became the first team ever to win three straight NJCAA national titles at the Division I level.
FORT MYERS Police report reveals how child with autism got out of house before drowning in Fort Myers pond A police report has been released revealing new details on how a 7-year-old boy with autism was able to leave his home before drowning in Fort Myers.
FORT MYERS Fort Myers Firecats 11U team headed to Pop Warner Super Bowl The Fort Myers Firecats 11U football team won the Southeast Region to earn the program’s first trip to the Pop Warner Super Bowl.
NAPLES New details released on former city employee accused of embezzlement More details have been released on purchases made by a former Naples city employee accused of embezzlement.
Hong Kong investor buys former Sears at Edison Mall for $5.8M Edison Florida Real Estate LLC bought the buildings at 4125 Cleveland Ave. on Nov. 18.
Lee County Commissioners discuss LSCO Budget and Sheriff Marceno federal investigation In light of recent investigations into Lee County Sheriff Carmine Marceno, a Lee County Commissioner proposed a change at Tuesday’s commissioner’s meeting that would separate the county budget from the sheriff’s. This potential change is a long way from being implemented because it isn’t necessarily a proposal, but more like the beginning steps of one. […]
NORTH FORT MYERS North Fort Myers cheerleaders push for Nationals with community’s help The North Fort Myers Pop Warner cheer team has the talent to compete on the biggest stage but lacks the money.
Victim identified in Charlotte County shooting A victim has been identified after a shooting on Nasturtium Drive early Monday morning.
Advanced care for lung cancer patients in Lee County The outlook for lung cancer is typically not good, mostly because it’s often picked up in late stages. However, Lee Health hopes to change that trajectory by launching a new advanced care center focusing on lung disease.
CHARLOTTE PARK After the storm: Harbor Belle RV Resort faces a slow path to recovery Here on WINK News, we have told you about the devastation at the Harbor Belle RV Resort in Charlotte Park and how, for months, many people did not have power.
New K-9 honors fallen Fort Myers officer A Fort Myers police officer who made the ultimate sacrifice serving southwest Florida gets a unique honor.
Websites to help you avoid charity rip-offs The holiday season is a popular time for people to open their wallets and make donations to charities, but how can you be sure your money is going to the right place?
Southwest Florida celebrates Giving Tuesday It’s a day of giving to the ones who need it the most. Giving Tuesday is the first Tuesday after Thanksgiving.
FORT MYERS BEACH Pink Shell developers plead their case against Fort Myers Beach To build up and out or to not. That is the debate going on right now on Fort Myers Beach. The Pink Shell wants to expand on the island.
NAPLES Naples football set for first state semifinal appearance in six years The Naples Golden Eagles are the lone Southwest Florida football team still standing in the drive to the 305.
FSW FSW volleyball celebrates history with third straight national title The FSW volleyball team became the first team ever to win three straight NJCAA national titles at the Division I level.
FORT MYERS Police report reveals how child with autism got out of house before drowning in Fort Myers pond A police report has been released revealing new details on how a 7-year-old boy with autism was able to leave his home before drowning in Fort Myers.
FORT MYERS Fort Myers Firecats 11U team headed to Pop Warner Super Bowl The Fort Myers Firecats 11U football team won the Southeast Region to earn the program’s first trip to the Pop Warner Super Bowl.
NAPLES New details released on former city employee accused of embezzlement More details have been released on purchases made by a former Naples city employee accused of embezzlement.
Hong Kong investor buys former Sears at Edison Mall for $5.8M Edison Florida Real Estate LLC bought the buildings at 4125 Cleveland Ave. on Nov. 18.
FILE – In this Dec. 1, 2020, file photo, SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin. Tesla says it has invested more than $1 billion in Bitcoin and will accept the digital currency as payment for its electric vehicles. In a regulatory filing Monday, Feb. 8, 2021, Musk’s electric vehicle company said its board approved of the $1.5 billion investment and potentially more in the future. (Hannibal Hanschke/Pool Photo via AP, File) Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday. The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S. Securities and Exchange Commission, saying its investment in digital currency and other “alternative reserve assets” may grow. Bitcoin rose to $43,863 and briefly hit a new all-time high. Shares of Tesla moved higher as well. In its fourth-quarter earnings report last month Tesla said it had cash and cash equivalents of $19.4 billion. Dan Ives of Wedbush Securities said the move gives Tesla “more flexibility to further diversify and maximize returns on its cash.” Similar to Tesla, Virginia-based MicroStrategy Inc. announced in August that it would use some of the excess cash on its balance sheet to invest in alternative assets such as bitcoin. The move has paid off so far. As of Feb. 2, the business analytics company said it held 71,079 bitcoins that it purchased for an aggregate price of $1.15 billion since last summer. Using the current value of $43,000, those bitcoins are worth $3.06 billion. MicroStrategy shares have risen 660% since the August announcement, but the shares are susceptible to swings in the price of bitcoin. They were up 16% in midday trading Monday after the Tesla announcement. Palo Alto-based Tesla reported its first annual net profit in 2020, and its stock soared to make it the world’s most valuable automaker. Tesla joined the S&P 500 late last year and is currently valued at more than $820 billion. It’s been a wild ride for Bitcoin since it made its Wall Street debut in December 2017. Major futures exchanges rolled out bitcoin futures, pushing it to roughly $19,300, a then-unheard-of price for the currency. It evaporated quickly in 2018, and by December of that year Bitcoin was worth less than $4,000 a coin. More recently bitcoin rallied from below $11,000 in October and crossed $40,000 for the first time in its history. While in the last two years companies have embraced the technology that underlies digital currencies like Bitcoin, a concept known as the blockchain, the actual uses for Bitcoin have not really changed since its rally three years ago. It’s still largely used by those distrustful of the banking system, criminals seeking to launder money, and for the most part, as a store of value. But the dominoes could be falling if major companies follow Tesla’s lead and begin accepting the digital currency as payment. Ives said “this move could put more momentum into shares of Tesla as more investors start to value the company’s bitcoin/crypto exposure as part of the overall valuation. Telsa shares rose nearly 2% to $867.87 in midday trading. Critics say Tesla’s sales and profits are puny compared with established automakers such as Toyota and General Motors, and its huge valuation is not justified by financial fundamentals.