Team Market Group prepares to open new restaurant in Orlando's Thornton Park next month
Editor's note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A popular hospitality and nightlife group will soon debut a new restaurant concept in Thornton Park.
Orlando-based Team Market Group next month will open its eatery named June at 700 E. Washington Street.
Read: Motorcyclists injured after hitting alligator on I-4 in Orange CityThe concept takes over the space which formerly housed Graffiti Junktion in the neighborhood until July 2024, when the restaurant's ownership decided to move on from the space.Click here to read the full story on the Orlando Business Journal's website.Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Read: Motorcyclists injured after hitting alligator on I-4 in Orange City
The concept takes over the space which formerly housed Graffiti Junktion in the neighborhood until July 2024, when the restaurant's ownership decided to move on from the space.
Click here to read the full story on the Orlando Business Journal's website.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
13 minutes ago
- Business Wire
Faraday X Holds Signing Ceremony with Initial B2B Partners, Reflecting Strong Support and Endorsement from U.S. Dealers and Multi-Channel Network Companies
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or 'Company'), a California-based global shared intelligent electric mobility ecosystem company, announced a significant advancement in its FX brand's B2B sales strategy during its FFAI Stockholders' Day on May 31. This included a formal signing ceremony with new B2B partners, marking another breakthrough in the Company's innovative co-creation sales model in collaboration with leading influencer marketing agencies (known as multi-channel network companies, or MCNs). The event spotlighted remarks from FX's first group of B2B partners, including JC Auto, Skyhorse Auto, New PBB Auto, CreatoRev Agency and Good Deal World. The Company announced that it had signed binding deposit agreements totaling 600 FX Super One units with two U.S.-based influencer marketing agencies: CreatoRev Agency and Good Deal World, each of whom will also collaborate as paid co-creation partners, promoting the first-class AI-MPV experience through their signed influencers. These agreements bring total B2B binding deposits for the FX Super One to coverage of over 2,500 non-binding pre-orders, signaling strong demand for the Company's planned First Class AI-MPV, the Super One. This co-creation model with influencer marketing agency-affiliated content creators represents a world-first for the global auto industry: an end-to-end B2B2C co-creation ecosystem between an automaker and digital creators. It moves beyond traditional influencer marketing to a full-stack business model in the FX Co-Creation Ecosystem Online Direct Sales model. FX's B2B pre-orders span three major verticals: the FF Par (Partner) Program; commercial rental and livery fleet companies; and livestream ecommerce influencer marketing agencies. This B2B strategy forms the cornerstone of FX's rollout. In its first phase, Faraday Future plans to expand FX distribution across eight strategic states: California, New York, Florida, Texas, Washington, New Jersey, Nevada, and Massachusetts. 'I am extremely confident in this new FX product,' said Leo Li, President of New PBB Auto. 'That's why I am willing to pay for a good product.' 'The B2B business is not only a critical starting point for our sales, but also a strategic pillar of FX expansion and our advancement of Global Automotive Bridge Strategy,' said YT Jia, FF founder and Global Co-CEO of Faraday Future. 'With this level of B2B engagement, we are already making meaningful progress toward our goal of disrupting the market dominance of established vehicles such as the Cadillac Escalade.' ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'estimates,' 'projected,' 'expects,' 'anticipates,' 'forecasts,' 'plans,' 'intends,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' 'future,' 'propose' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One MPV, the FX brand, the reservations by JC Auto, Skyhorse Auto, New PBB Auto, CreatoRev and Good Deal World, and FX's geographic expansion plans, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the ability of JC Auto, Skyhorse Auto, and New PBB Auto to successfully establish a premium fleet; the number of vehicles that each of them, as well as CreatoRev and Good Deal World, ultimately chooses to purchase, which may be as few as one or two; the ability of these organizations to identify purchasers for the Super One; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.

33 minutes ago
22 crew members safe after fire aboard cargo ship carrying vehicles off Alaska
ANCHORAGE, Alaska -- The crew of a cargo ship carrying 3,000 vehicles to Mexico, including 800 electric vehicles, abandoned ship after they could not control a fire aboard the vessel in waters off Alaska's Aleutian island chain. A large plume of smoke was initially seen at the ship's stern coming from the deck loaded with electric vehicles Tuesday, according to U.S. Coast Guard photos and a Wednesday statement from the ship's management company, London-based Zodiac Maritime. There were no reported injuries among the 22 crew members of the Morning Midas. Crew members abandoned ship, were evacuated onto a lifeboat and rescued by the crew of a nearby merchant vessel called the Cosco Hellas in the North Pacific, roughly 300 miles (490 kilometers) southwest of Adak Island. Adak is about 1,200 miles (1,930 kilometers) west of Anchorage, the state's largest city. The crew initiated emergency firefighting procedures with the ship's onboard fire suppression system. But they were unable bring the flames under control. 'The relevant authorities have been notified, and we are working closely with emergency responders with a tug being deployed to support salvage and firefighting operations,' Zodiac Maritime said in a statement. 'Our priorities are to ensure the continued safety of the crew and protect the marine environment.' The U.S. Coast Guard said it sent aircrews to Adak and a ship to the area. The status of the fire onboard the ship was unknown as of Wednesday afternoon, but smoke was still emanating from it, according to the Coast Guard. Rear Admiral Megan Dean, commander of the Coast Guard's Seventeenth District, said in a statement that as the search and rescue part of the response concluded, the Coast Guard was working with Zodiac Maritime to determine how to recover the ship and what will be done with it. 'We are grateful for the selfless actions of the three nearby vessels who assisted in the response and the crew of motor vessel Cosco Hellas, who helped save 22 lives,' Dean said. The 600-foot (183-meter) Morning Midas, a car and truck carrier, was built in 2006 and sails under a Liberian flag. The cars left Yantai, China, on May 26, according to the industry site They were being shipped to Lazaro Cardenas, a major Pacific port in Mexico. Earlier this month a Dutch safety board called for improving emergency response on North Sea shipping routes after a deadly 2023 fire on a freighter that was carrying 3,000 automobiles, including nearly 500 electric vehicles, from Germany to Singapore. That fire killed one person, injured others and burned out of control for a week, and the ship was eventually towed to a port in the northern Netherlands for salvage. The accident increased the focus on safety issues the open sea and on containers that fall off the massive freighters, which have increased in size dramatically in recent decades. More than 80% of international trade by volume now arrives by sea, and the largest container vessels are longer than three football fields.
Yahoo
38 minutes ago
- Yahoo
China's Power Prices Nosedive in Relief to Tariff-Hit Factories
(Bloomberg) -- A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access NYC Residents Want Safer Streets, Cheaper Housing, Survey Says The Buffalo Architect Fighting for Women in Design In Jiangsu province, the average price for June contracts settled by centralized bidding plunged 24% year-on-year to 313 yuan ($44) per megawatt-hour, the lowest level regulators allow. In Guangdong, the rate dropped 8.3% to the government's floor of 373 yuan per MWh. The two coastal powerhouses are heavily dependent on exports, with a combined economy bigger than that of France. The main driver is a collapse in the price of coal — down 30% over the past year — which accounts for more than half of the electricity generated in China. A shift to market-based pricing, particularly for renewables, is also helping to weaken rates. 'Generation costs are cracking,' said David Fishman, a Shanghai-based principal at consultancy The Lantau Group. 'Coal generators, when they're bidding into the system, they're able to entertain lower prices because all of the generation costs are lower.' Just as economic conditions worsen due to the trade war, Chinese industry is finding relief in the government's drive for energy security. That effort has been most successful in power markets. The country is sitting on a glut of coal that's built up over years and leads the world in its rollout of wind and solar. Lower power costs aren't universal though, because of the way the market is structured. The monthly contract declines apply to only about a quarter of electricity sales, Fishman estimated, with some 70% of transactions decided on a yearly basis. Spot or short-term trades account for the rest. Still, a lot of annual deals are at least partially tied to monthly or short-term pricing, which will have expanded the number of beneficiaries, Fishman said. 'I would be surprised if there were a lot of power buyers out there just seething, looking at the prices dropping, thinking how come I didn't see that?' he said. Policy Shifts Recent policy changes have also pressured electricity prices. The sharp drop in Jiangsu's monthly rate was largely due to the start-up of its spot market in June, said Nannan Kou, head of China research at BloombergNEF. Power generators were keen to lock in buyers ahead of the extra competition from spot traders, and lower coal prices allowed them to offer discounts while still eking out a profit, he said. Most regions in China are expected to have at least trial operations for spot markets, which rely on near instantaneous assessments of supply and demand, by the end of the year. Clean energy is a key pillar of China's embrace of market forces. Starting June 1, all renewables generators have to sell their power on the open market, although projects connected to the grid before that date will retain price protections that limit their downside. That creates the incentive to sell electricity without worrying too much about falling prices, said Lantau's Fishman, which could put more pressure on rates and deliver even lower costs to customers. On the Wire Automakers in the US and Europe raised concerns about China's export controls on rare earth metals, as Beijing's move threatens to disrupt global car production. Markets cheered in early May when the US and China agreed in Geneva to lower tariffs and other barriers. But after a few weeks, the shine started to come off that deal, with China accusing the US of violating it with new restrictions and the US saying China failed to honor promises on rare earths. The European Union's trade chief, Maros Sefcovic, said he raised industry-wide concerns over Chinese export restrictions on rare earths and magnets with his counterpart Wang Wentao on Tuesday. This Week's Diary (All times Beijing) Thursday, June 5: Caixin's China services & composite PMIs for May, 09:45 China's NEA and grid companies brief on building a modern power network at 10:00 in Beijing Chongqing Gas Exchange conference in Kunming, day 1 CSIA's weekly solar wafer price assessment Friday, June 6: Chongqing Gas Exchange conference in Kunming, day 2 China's weekly iron ore port stockpiles Shanghai exchange weekly commodities inventory, ~15:30 Saturday, June 7: China's foreign reserves for May, including gold Shanghai Platinum Week begins, runs through June 10 Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data