Category: Business & Economy

The US stock market is rising Wednesday following strong profit reports from SpaceX, Capital One Financial, and other big companies. The S&P 500 added 0.4 per cent and pulled within 1 per cent…

Last week, we examined one of the most important lessons from Hurricane Melissa. The storm damaged homes, businesses, infrastructure and livelihoods on a scale never seen in Jamaica. According to a joint assessment…

Caribbean Cream Ltd, the maker of Kremi ice cream, reported a 16-fold rebound in quarterly profit as it benefited from lower production costs amid sweltering summer heat. The company posted net profit of…

Jamaica’s Supreme Court has ordered Chas E. Ramson Ltd, or its directors, to buy out Sally Fulton, the sister of its chairman, after finding the directors exercised their powers in a way that…

Margaritaville Jamaica plans to raise equity through a public offering within 90 days, giving investors a stake in the operator of three Margaritaville venues and a fine-dining restaurant on the island. The company…

Mailpac Group Ltd. will ask shareholders to approve issuing 50 million shares to complete its acquisition of former rival My Cart Quick Ltd., a deal whose value has been cut by three-quarters from…

Private companies in Jamaica and the wider Caribbean are building artificial-intelligence (AI) tools into their operations even though the Government’s national AI policy is still being drafted, according to the head of the…

Tesla has unveiled its new Roadster sports car, which can thrust itself into the air, among other engineering bells and whistles. But drivers shouldn’t expect to take it for a spin anytime soon….

Jamaica’s annual inflation rate climbed to 8.6 per cent in September, the highest since December 2022 and above the Bank of Jamaica’s (BOJ) four-to-six per cent target range, according to the Statistical Institute…