Bailey Wealth Group Showcases Cross-Border Wealth Building at Jamaica Diaspora Conference
Keisha Bailey and the Bailey Wealth Group team took part in the 11th Jamaica Diaspora Conference at the Montego Bay Convention Centre, where they connected with professionals, entrepreneurs, investors, and financial institutions from Jamaica, Canada, the United States, and other parts of the diaspora. Over the three-day conference, BWG showcased its private wealth, investment, and […]
Elon Musk Becomes the World’s First Trillionaire After SpaceX IPO Soars
Elon Musk has officially become the world’s first trillionaire after SpaceX made its stock market debut on the Nasdaq. SpaceX shares started trading at US$150 and closed the first day at US$160.95, after briefly climbing as high as US$176. The IPO is one of the biggest in history and created major wealth not only for […]
Scotia Group’s JSE Exit Raises Big Questions for Jamaican Investors
Scotia Group Jamaica is planning to leave the Jamaica Stock Exchange and become a private company. Its majority owner, Scotiabank Caribbean Holdings Limited, already owns 71.78% of the company and now wants to buy out the remaining minority shareholders for J$61.50 per share in cash. Shareholders still need to vote, and the deal also needs […]
Jamaica’s Film Industry Could Become Big Business
Jamaica has always had global cultural power. From music to fashion to language, the island has influenced the world for decades. Now, that same cultural strength is moving into film. Kimala Bennett and LAB Studios are helping to lead that shift. Through the Jamaica Screen Development Initiative, LAB Studios received J$50 million from the Government’s […]
Caribbean Cement Supply Improves
Caribbean Cement says cement supply in Jamaica has improved by more than 20% in recent weeks after heavy rainfall in April disrupted operations and affected local supply. The company says it has increased cement production by more than 50% and is adding warehouse capacity, equipment, and better planning systems to improve reliability. For everyday Jamaicans, […]
SpaceX IPO Could Become First Trillion-Dollar Market Debut
Elon Musk’s SpaceX is preparing to go public. The company could start selling shares as early as June. If the IPO happens as expected, SpaceX could become the first company in U.S. history to make its stock market debut at a trillion-dollar valuation. That is a major moment for the stock market. SpaceX is best […]
Canada’s Economy Slips Into Technical Recession
Canada’s economy is showing signs of serious weakness. New data from Statistics Canada shows that Canada’s GDP fell by 0.1% on an annualized basis in the first quarter of 2026. That came after a revised 1% decline in the fourth quarter of 2025. By the common definition, two straight quarters of negative economic growth can […]
Butterfield Buying CIBC Caribbean
Butterfield Bank has agreed to buy CIBC Caribbean in a US$1.8-billion deal. The deal would create one of the largest banking groups in the Caribbean, with about US$29 billion in combined assets. Butterfield is based in Bermuda. CIBC Caribbean is headquartered in Barbados and serves more than 526,000 customers across 10 countries. For everyday people, […]
MegaMart Portmore Closing After 27 Years
MegaMart Portmore is closing on June 30 after 27 years in business. The store was MegaMart’s first location in Jamaica and employed about 200 people. Chairman Gassan Azan said the decision was difficult, but the Portmore location had been losing money for some time. The closure matters because it affects workers, shoppers, and the wider […]
Tim Hortons Is Hiring 10,000 Canadians as Coffee Competition Heats Up
Tim Hortons is making a major move to protect its position as Canada’s dominant coffee chain. The company plans to hire 10,000 local Canadian workers, reduce its reliance on temporary foreign workers, renovate stores, and open more than 1,000 new locations across the country. This expansion comes as Dunkin’ Donuts is reportedly preparing a stronger […]