Tesla posted its first annual sales drop in more than a dozen years on Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism that Elon Musk’s close relationship to the president-elect will help the company. Tesla’s...
A US-based wind project offshore New Jersey wants a second delay to build crucial equipment for its turbines. It highlights issues surounding the buildout of renewables. The entity, Leading Light Wind, had already received a pause on its project...
Montenegro on Tuesday extradited a South Korean mogul known as ‘the cryptocurrency king’ to the United States. It follows on a decision from Montenegro’s justice ministry earlier this month to accept a US request, while refusing a South Korean...
Ukraine on Wednesday halted Russian gas supplies to European customers through its pipeline network after a prewar transit deal expired at the end of 2024 and almost three years into Moscow’s all-out invasion of its neighbour. Even as Russian...
Horror author Stephen King’s rock ‘n’ roll radio station is going to continue rocking around the clock and into the new year. Two businessmen purchased WKIT-FM from the best-selling writer after he announced that the station and two others would go...
Opponents of the largest lithium mine in the USA under construction want officials to investigate whether the project in Nevada already has caused a drop in groundwater levels that could lead to extinction of a tiny snail being considered for...
Venezuela’s Supreme Court on Monday issued a US$10-million fine against TikTok for ‘not implementing measures’ to prevent viral video challenges that have allegedly led to the deaths of three Venezuelan children recently. Judge Tania D’Amelio said...
A looming TikTok ban could affect the millions of small businesses that use the short-video social media app to help them grow their business. Desiree Hill, owner of Crown’s Corner Mechanic in Conyers, Georgia, started her business solo as a mobile...
On the last business day of 2024, the Jamaica Stock Exchange (JSE) has suspended trading in the shares of MFS Capital Partners Limited. CEO Dino Hinds, when contacted, said the company was in the process of replying to the Jamaica Stock Exchange...
AMG Packaging and Paper Company Ltd has hired a consulting team with the aim of doubling its revenue in the medium term. That would equate to some $2 billion a year. “We expect to have a final report in the first quarter of the coming year,” the...
Regional financial group Proven enters the new year with a new president at the helm of its bank, while announcing plans to exit two smaller markets. The company announced its exit from the British Virgin Islands and Bermuda by the end of February...
Pulse Investments reported a double-digit fall in earnings for the September first quarter which followed on from write-downs to end its financial year. The company continues to transition after the passing of its founder, Kingsley Cooper, last...
Dealmaker Dan Theoc expects 2025 to attract institutional investors back to the stock market and longer term bonds for inflation-beating opportunities. Theoc, who heads the investments banking division at Mayberry investments, expects the momentum...
Mining venture Geophysx Jamaica Ltd expects to start drilling in 2025 as it advances its partnership with Canada-based Barrick Gold. “We will be drilling targets in 2025,” said Geophysx founder and Managing Director Robert ‘Bobby’ Stewart in a...
Cornerstone has given its financial holding company a rough valuation of $38.5 billion in capital to 2023, documents released this week indicate. The financial holding company will combine the capital of Barita Investments, Barita Unit Trust, and...
Batsirai Pabwe picked detergents, toothpaste, snacks and some pasta among several grocery items spread on the tarmac of a car parking space — an unorthodox night bazaar lit by cell phone flashlights and fluorescent lamps in Zimbabwe’s capital,...
China’s factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures. The Purchasing Managers’ Index, based on a survey of factory managers, slipped to 50.1 points in December from 50.3...
Value was in vogue in 2024. Shoppers and restaurant patrons in the USA were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled customers traded down to Walmart and Aldi. Diners opted for...
Motorists will pay more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $0.57 to sell for $152.35 per litre and a litre of E-10 90 will go up by $0.53 to sell for $161....
As artificial intelligence (AI) continues to grow at a rapid pace, more and more businesses are grappling with how to adapt both quickly and responsibly. Dan Priest was recently appointed as the chief AI officer at PwC USA, one of the world’s...
Dr Marlene Street Forrest, managing director of the Jamaica Stock Exchange (JSE), will remain at the helm of the organisation until the board appoints a successor, the JSE announced on Friday evening. “The JSE announces that the managing director...
Remember this moment because it probably won’t last: A US lottery jackpot is projected to soar above US$1 billion, and that’s still a big deal. Friday’s Mega Millions drawing is worth an estimated US$1.22 billion, evoking headlines and likely...
We are a few days shy of 2025, and the stage is set for a precarious year for Jamaica. Small businesses, entrepreneurs, and aspiring startups can expect to confront a complex external environment in the upcoming months that may be shaped by...
Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger, according to a new poll. In the survey from NORC at the...
