Inflation is more than higher prices. It is that creepy force that changes the real value of assets, savings, income and debt. It makes some people better off and others worse off financially,…
Category: Business & Economy
Unemployment benefit claims dipped slightly last week as lay-offs remain low
The number of people applying for US unemployment benefits fell slightly last week as lay-offs remain low and most American workers enjoy job security. The Labor Department said on Thursday that initial jobless…
Scotiabank Jamaica minority shareholders back buyout
Minority shareholders of Scotia Group Jamaica (SGJ) voted to accept a buyout by parent company Scotiabank Caribbean Holdings Ltd (SCHL), clearing a key hurdle towards taking the island’s second-largest bank private. On Thursday,…
Wall Street retreats from its record as stocks fall worldwide
US stocks are pulling back from their record on Wednesday. The S&P 500 fell 0.2 per cent, a day after topping its prior all-time high set in August. The Dow Jones Industrial Average…
JSE Index posts over 20% gain, strongest since pandemic
The Jamaica Stock Exchange (JSE) delivered its strongest nine-month performance in years, with the benchmark Main Market Index rising over 20 per cent year to date. It was propelled by sharp gains in…
Lawsuit accuses Starbucks of mislabelling eight ‘sugar-free’ protein drinks
Starbucks is facing a consumer lawsuit over claims that the protein drinks labelled “sugar-free” on its cafe menus may actually contain more sugar than a Reese’s peanut butter cup. The US federal lawsuit…
United Oil & Gas loss widens to US$800,000 but explorer pitches Jamaica as alternative to Middle East risk
United Oil & Gas Plc, the London-listed explorer seeking a partner for its offshore Jamaican acreage, reported that first-half losses more than doubled as it advanced exploration work on its offshore licence. The…
When your competitive advantage walks out
The Apple-OpenAI dispute exposes the hidden value, and vulnerability, inside every organisation For years, we have been taught that the true value of a company lies in its brand and in its balance…
Privacy concerns put smart glasses under scrutiny as Norway seeks temporary ban
A trip to the park. A day at the beach. A workout session at the gym. All are public spaces where smart glasses can snap photos, record conversations or stream video online, without…
JSE and tables
In Friday’s trading session the following reflects the movement of the JSE Indices: – The JSE Combined Index declined by 560.06 points ( 0.14 %) to close at 389,217.95 points and the volume…