Netflix Walks Away. Paramount Steps In.
The streaming wars just took a dramatic turn and Wall Street moved fast. Netflix has officially backed away from its deal to buy the streaming and studio assets of Warner Bros. Discovery after Paramount Skydance raised its offer to $31 per share. Investors loved it. Netflix stock jumped more than 9% after the company made […]
Florida Moves to Eliminate Most Property Taxes
Florida’s House has advanced HJR 203 — a proposal that could eventually eliminate most property taxes on primary homes. It still needs Senate approval and voter support in 2026. But if it becomes law, it would mark one of the biggest tax shifts in modern state history. Here’s what that means in plain language. If […]
Elon Musk’s $1.25 Trillion Mega-Merger Sounds Unreal
The biggest merger in corporate history just happened, and it didn’t involve banks or oil giants. Elon Musk has folded his artificial-intelligence startup xAI into his rocket company SpaceX, creating a combined business valued at an eye-popping $1.25 trillion. That headline number is staggering — but, like most mega-deals, it doesn’t mean money suddenly appeared […]
JPS Bill Shock Hits Jamaicans
Jamaicans are ending the year with another hit to their wallets. Electricity bills jumped 7% in December, and the increase couldn’t have come at a worse time — just as households are already stretched by Christmas spending and higher living costs. According to the Office of Utilities Regulation, the increase was driven by events largely […]
Dollarama’s Profits Jump
Dollarama just reported a $321.7 million profit for its latest quarter, up from $275.8 million a year ago. Sales climbed to $1.91 billion, helped by more shoppers, slightly higher spending per visit, and rapid store expansion. On paper, this looks like a strong corporate earnings report. In real life, it tells a much deeper story […]
TikTok Signs Deal to Avoid US Ban
TikTok is staying online in the United States — at least for now. Its Chinese parent, ByteDance, has signed a binding deal that restructures TikTok’s US operations into a new joint venture controlled largely by American and global investors. The agreement is expected to close on January 22 and effectively pauses years of political pressure […]
Bank of Canada Holds Rates at 2.25%, Signals No Rush to Hike
The Bank of Canada has decided to leave its key interest rate unchanged at 2.25 per cent, a move that markets had already priced in. Inflation is close to the Bank’s two per cent target, job numbers have surprised on the upside, and economic growth has been stronger than expected. Still, policymakers are choosing to […]
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 […]