Thu | Jan 21, 2021

Business

Published:Wednesday | December 30, 2020 | 12:06 AM

United States long-term mortgage rates dropped last week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic. Mortgage giant Freddie Mac said that the average rate on the benchmark 30-year fixed-...

Published:Wednesday | December 30, 2020 | 12:05 AM

The United States, US, economy expanded at a record 33.4 per cent annual pace from July through September, the Commerce Department has said, delivering the last of three estimates on the economy’s third-quarter performance. But it’s likely that a...

Published:Wednesday | December 30, 2020 | 12:05 AM

Google is pushing back in court on antitrust claims brought against it by the United States Justice Department two months ago. In a legal filing with the US District Court for the District of Columbia, Google denied or partially rejected almost 200...

Published:Wednesday | December 30, 2020 | 12:05 AM

With no sign that home workouts will fade out any time soon, Peloton, the maker of high-end stationary bikes with accompanying monthly subscriptions, has recently cranked up its manufacturing capacity in a big way, and it picked up a bunch of new...

Published:Wednesday | December 30, 2020 | 12:05 AM

The United States Justice Department is suing big-box retailer Walmart, alleging the company unlawfully dispensed controlled substances through its pharmacies, helping to fuel the opioid crisis in America. The civil complaint points to the role...

Published:Tuesday | December 29, 2020 | 5:02 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 40/31. The index moved down by 507.14 points or 0.13 per cent to close at 388,806.36. The JSE Main Market Index declined by 550.89 points or 0.14...

Published:Tuesday | December 29, 2020 | 12:07 AM

Global stock markets and US futures rose on Monday after President Donald Trump signed a US$900-billion economic aid package, helping to reduce uncertainty as governments reimpose travel and business curbs in response to a new coronavirus variant....

Published:Monday | December 28, 2020 | 4:50 PM

The Jamaica Stock Exchange (JSE) Combined Index advanced on Monday with an advance/decline ratio of 44/35. The index moved up by 818.50 points or 0.21 per cent to close at 389,313.50. The JSE Main Market Index advanced by 402.18 points or 0.10...

Published:Sunday | December 27, 2020 | 12:10 AM

The issues of 2020, based on the questions raised by my readers, do not differ significantly from those raised in 2019. Perhaps it will be some time before a significant dent will be made as people become more financially literate and more focused...

Published:Sunday | December 27, 2020 | 12:09 AM

The United States market for existing homes cooled slightly in November, the National Association of Realtors has said. The fall-off in home sales comes after climbing through the late spring, summer and early fall despite the pandemic. Existing...

Published:Sunday | December 27, 2020 | 12:09 AM

Bumble Bee Seafoods has been recognised by NOSH.com’s annual awards for what the adjudicator said was “the bold and fresh redesign of the brand’s iconic tuna cans, pouches and snack kits”. Each year, NOSH’s annual ‘best of’ awards are presented to...

Published:Sunday | December 27, 2020 | 12:07 AM

Years ago, I mistakenly worked for someone I should not have. Since then, I have wondered: could I have foreseen what transpired? Were there early warning signs I overlooked? Abundant research shows that employees don’t leave companies. They leave...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Department store Ammar’s is forking out $90 million to give its three Corporate Area locations a facelift, while putting in a website as it plays catch-up to online shopping, which is fast becoming the main source for sales for a growing list of...

Published:Sunday | December 27, 2020 | 12:06 AMKarena Bennett - Business Reporter

Jamaica’s standards authority, Bureau of Standard Jamaica (BSJ), in a partnership with the Bamboo Industry Association of Jamaica, appears close to setting up a facility in White Marl, St Catherine, from which the companies will carry out research...

Published:Sunday | December 27, 2020 | 12:05 AMSteven Jackson - Senior Business Reporter

Rum maker J. Wray...

Published:Sunday | December 27, 2020 | 12:05 AMMohamed Nasheed and Loren Legarda - Guest Columnists

Jamaica, Rwanda, the Marshall Islands, and Mongolia are among the world’s most climate-vulnerable countries, and account for just a small percentage of global emissions. This year, their economies have also been affected by the COVID-19 pandemic....

Published:Thursday | December 24, 2020 | 3:25 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Thursday, entering the holidays on a winning note. The busy trading ended with an advance/decline ratio of 36/30. The JSE Combined Index advanced by 4,607.46 points or 1.20 per cent to close...

Published:Thursday | December 24, 2020 | 12:17 AM

As our world changes, we need to figure out how to not only earn money, but to keep earning revenues to cover our bills, grow, expand and thrive. As we think of growing our businesses, we must strategise to increase our revenue growth opportunities...

Published:Thursday | December 24, 2020 | 12:16 AM

People with private health insurance will see the nasty shock of surprise medical bills virtually gone, thanks to the coronavirus compromise passed by the United States Congress. The charges that can run from hundreds to tens of thousands of...

Published:Thursday | December 24, 2020 | 12:16 AM

A closely-watched gauge of United States consumer confidence tumbled in December as rising coronavirus cases dragged American optimism to its lowest level since the summer. However, rising pessimism is now spreading during the crucial holiday...

Published:Thursday | December 24, 2020 | 12:15 AM

Despite the turbulence of the coronavirus pandemic that has battered the economy and roiled markets, 1834 Investments Limited says it has not only survived the worst of the crisis, but is showing signs of a return to good health. “Our current bond...

Published:Thursday | December 24, 2020 | 12:15 AMHuntley Medley - Associate Business Editor

Despite taking a nearly $1 billion-beating earlier this year on its large and diversified equities portfolio from the economic downturn caused by the COVID-19 pandemic, stockbroker, investment manager and financial advisory house, Mayberry...

Published:Thursday | December 24, 2020 | 12:14 AMNeville Graham - Business Reporter

Listed coffee-processing company Salada is giving greater focus to growing its export business after experiencing a year-end profit decline. In its September 2020 year-end results, the company revealed that net profit was down nearly 22 per, at...

Published:Thursday | December 24, 2020 | 12:14 AM

The European Commission, EC, has just unveiled landmark regulations for the digital economy, setting yet another global standard. The Digital Services Act, DSA, and the Digital Markets Act, DMA, designed to curtail the power of big tech, will have...

Published:Wednesday | December 23, 2020 | 4:31 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday, marginally advancing on busy trading, with an advance/decline ratio of 41/36. The JSE Combined Index advanced by 1,546.25 points or 0.40 per cent to close at 393,887.54. The JSE Main...

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