Jamaica Secures US$6.7B Recovery Financing After Hurricane Melissa
Jamaica has secured access to as much as US$6.7 billion in financing to support recovery and rebuilding after Hurricane Melissa. The Government says the package, spread over three years, is the largest and most comprehensive financing arrangement ever assembled for the country. The money is coming from major international institutions including the IMF, World Bank, […]
Netflix–Warner Bros. hit $72B Deal
Netflix’s decision to buy Warner Bros.’ film studio and HBO Max for US$72 billion marks one of the biggest power moves the entertainment industry has seen in years. After a fierce bidding war with Paramount Skydance and Comcast, Netflix walked away with the crown jewels: the Warner Bros. movie library and the full HBO Max […]
Lee-Chin Faces US$94M Deadline
A quiet financial showdown is unfolding around one of Jamaica’s most influential business figures. Bondholders for companies owned by billionaire Michael Lee-Chin have issued a firm ultimatum: pay US$94.1 million by December 31, 2025, or risk losing more than 1 billion NCB Financial Group shares that were pledged as security for the debt. Those shares […]
EQAO Scores Flat—Ontario Moves to Overhaul Student Learning
Ontario’s government is preparing to overhaul how students are taught and tested after another year of weak EQAO results. Education Minister Paul Calandra says too many students are still falling behind, especially in math, where half of Grade 6 students and 42 per cent of Grade 9 students are not meeting the provincial standard. The […]
Fed Ends Tightening Cycle, But Bitcoin Still Waits for Its Breakout
The U.S. Federal Reserve has officially ended its years-long effort to drain money out of the financial system, freezing its balance sheet at about US$6.57 trillion. After removing more than US$2.3 trillion in liquidity since 2022, the Fed has now stopped quantitative tightening (QT) — a major shift that normally sets the stage for stronger […]
AI Pushes Black Friday Online Spending to a Record $11.8 Billion
U.S. shoppers spent a record US$11.8 billion online this Black Friday, and the surprising driver wasn’t doorbusters or long lines — it was AI. New shopping tools from major retailers pushed online traffic up more than 800% compared to last year, helping people find deals faster and avoid the stress of in-store crowds. Consumers went […]
Ford Pushes for Tax Cuts as Trade War Pressures Mount
Ontario Premier Doug Ford says Canadians are “taxed to death,” and he plans to tell Prime Minister Mark Carney exactly that when they meet next week in Ottawa. With Canada caught in the middle of a deepening trade war triggered by U.S. President Donald Trump’s 35% tariffs on Canadian goods, Ford is pushing for tax […]
Eight Hyatt hotels in Jamaica suspend operations until 2026
Hyatt Hotels has confirmed that eight of its partner resorts in Jamaica will remain closed until January 31, 2026, after suffering extensive damage from Hurricane Melissa. The temporary shutdown affects some of the country’s most popular Montego Bay properties, including Hyatt Ziva, Hyatt Zilara, Dreams Rose Hall, Secrets St. James, Secrets Wild Orchid, Breathless Montego […]
BOJ Warns Jamaicans: Higher Prices Are Coming and Won’t Ease Until 2027
The Bank of Jamaica is warning Jamaicans to prepare for a long period of rising prices, with inflation unlikely to return to the central bank’s 4–6 per cent target until 2027. After two years of unusually calm inflation, Hurricane Melissa has sharply reversed the trend. The storm’s damage to farms, utilities, roads and businesses has […]
Nvidia’s Announces 62% revenue jump: The AI Boom Isn’t Slowing Down
Nvidia has once again shaken global markets after reporting earnings that smashed Wall Street forecasts and signaled even bigger gains ahead. The company pulled in $57 billion in revenue for the quarter — beating expectations — and is now projecting a massive $65 billion next quarter as demand for its AI chips continues to surge. […]