Bitcoin Breaks below $90,000 for the first time in 7 months
Bitcoin slipped under $90,000 on Monday, its weakest level since April, as a wave of selling pressure continues to sweep through global crypto markets. The world’s largest digital asset briefly touched $89,426, extending a month-long decline that has now erased every gain the cryptocurrency made in 2025. The drop underscores a broader shift in investor […]
Jamaica Broilers $7.2 billion loss leaves Investors worried
The latest financial report from Jamaica Broilers lands like a shockwave across the economy. A $7.2-billion loss, a restatement that erased $22 billion in past profits, negative equity of $10 billion, and a breach of major loan covenants — all triggered by accounting irregularities inside the company’s US operations. For a brand as deeply rooted […]
Hurricane Melissa Leaves Jamaica’s Hardest-Hit Families Struggling to Recover
Two weeks after Hurricane Melissa, the national picture looks steady on the surface. Banks are open. ATMs are stocked. Major telecom networks are mostly restored. Distributors say warehouse supplies of staples like flour, rice, and tinned goods remain strong. Markets have reopened, and the financial system is functioning again. But if you only look at […]
US Shutdown Ends After 43 Days With Major Money Impacts Ahead
The longest government shutdown in U.S. history has finally come to an end. After 43 days of stalled services and political deadlock, the House passed a late-night funding bill to reopen the federal government and restore the operations of key agencies, including the Department of Veterans Affairs. President Trump signed the legislation immediately, bringing to […]
Manufacturers Count J$250B in Melissa Losses
Jamaica’s manufacturing base has emerged from Hurricane Melissa with a heavy bill and a clear mandate. The Jamaica Manufacturers and Exporters Association (JMEA) estimates J$250 billion in damage across the sector. At roughly J$161.04 to US$1, that is about US$1.55 billion. The figure is preliminary and likely to climb as assessments deepen, but it already […]
Jamaica Faces Nearly US$7B in Damage from Melissa
Prime Minister Andrew Holness told Parliament that Hurricane Melissa left Jamaica with a preliminary damage bill of US$6–$7 billion—roughly 28–32% of last year’s GDP. About 40% of the island took the brunt of the hit. The other 60%—the parishes less affected—must lift output now so the economy can rebalance while hard-hit communities rebuild. What this […]
Higher Food Inflation Expected After the Passing of Hurricane Melissa
Jamaicans are doing what we always do after a major storm—checking on family, clearing the yard, and heading to the shop to restock. The good news: major distributors say the island still has healthy stocks of the basics—flour, rice, oils, tinned goods—with more shipments in the pipeline. So there’s no need to panic-buy staples. The […]
Jamaica Receives Record Payout After Hurricane Melissa – A Lesson in Financial Preparedness
Jamaica is set to receive a record-breaking $11.4 billion payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) after the devastating impact of Hurricane Melissa. This is the largest payout in CCRIF’s history and will be released to the government within just two weeks — offering fast financial relief when it’s needed most. With this […]
How Jamaica’s “Hurricane Insurance” Bond Really Works — and What It Means for Everyday Investors
When Hurricane Melissa tore through Jamaica this October, it didn’t just test our strength as a nation—it also tested one of Jamaica’s financial safety nets: the catastrophe bond, or “cat bond” for short. You might’ve seen people online talking about investors “losing millions” or the Government getting a big payout. But what exactly is this […]
Would You Work in a Hurricane for a Bonus?
As Jamaica braces for the impact of Hurricane Melissa, the country is split — not just along weather lines, but economic ones. Melissa has rapidly strengthened into a Category 5 storm, threatening the island with destructive winds, flooding, and days of potential power outages. While most citizens are preparing to stay indoors, a growing number […]