Business
May 22, 2026
JMMB Bank auctioning 73 cars
JMMB Bank wants to sell 73 repossessed cars valued at $250 million, the second publicised auction in a month from the banking sector.
The inventory ranges from a $370,000 Mitsubishi to a $15 million…
May 22, 2026
by Luke Douglas
Pan Jamaica Group profits down 56% despite revenue growth
Pan Jamaica Group (PJG) posted higher revenues, but consolidated net profits fell to $924 million, down 56 per cent from a year earlier.
The conglomerate said it will accelerate portfolio…
May 22, 2026
Cedric Stephens | The moment of truth after disaster
In my previous column, 'The link between claims delay and disaster recovery’, I examined how slow claims settlement can stall economic and social recovery after catastrophic events. Delays do not…
May 22, 2026
Fesco profits rise amid global oil rise
Future Energy Source Company Limited (Fesco) delivered strong full-year results, reflecting higher fuel volumes, an expanded retail network, and improved margins amid volatility in global oil…
May 22, 2026
Trump pulls back AI vetting order, citing fears of losing lead over China
US President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America's edge on AI technology.
Trump said he was…
May 22, 2026
Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
Artificial intelligence (AI) chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips.
The company said on…
May 22, 2026
Trump will ease refrigerant rule in a bid to address surging grocery costs
The Trump administration plans to loosen a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment, in what officials say is a…
May 22, 2026
US stocks drift after oil prices rise and Nvidia's latest profit report gets a yawn
The US stock market is drifting on Thursday following a rebound for oil prices and mixed reports on the US economy.
The S&P 500 fell 0.3 per cent and is on track for a fourth drop in five days…
May 20, 2026
IFC plans US$10m stake in Sygnus-managed CARICOM Fund
The International Finance Corporation (IFC) plans to invest US$10 million in a Caribbean Community (CARICOM) fund managed by Sygnus Capital Limited, subject to board approval.
"The proposed…