Business
JAM | Jan 23, 2025
Business
USA
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Jan 23, 2025
CNN to cut jobs by 6% amid digital push
Business
JAM
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Jan 23, 2025
JN Financial Group, BCIC finalises sale of shares in JN General In...
Business
JAM
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Jan 23, 2025
Micro-financing solutions rebrands Monolith Financial Services
Business
JAM
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Jan 23, 2025
Image Plus closing in onboarding new partner for 33LMR facility
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Business
JAM
Jan 23, 2025
JMD money market further reduced
Reading Time: < 1 minuteDurrant Pate/Contributor Liquidity in the JMD money market was reduced further last week, marking the third consecutive week of decline since the beginning of 2025. As at January 17, the…
Business
USA
Jan 23, 2025
CNN to cut jobs by 6% amid digital push
Reading Time: 2 minutesWarner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday.
Business
JAM
Jan 23, 2025
JN Financial Group, BCIC finalises sale of shares in JN General Insurance
Reading Time: 2 minutesJN Financial Group Limited on Tuesday reached an agreement for the transfer of shares in JN General Insurance Company Limited (JNGI) to British Caribbean Insurance Company (BCIC). Both financial institutions…
Business
JAM
Jan 23, 2025
Micro-financing solutions rebrands Monolith Financial Services
Reading Time: 2 minutesDurrant Pate/Contributor Local private equity firm, MFS Capital Partners has taken a strategic move to rebrand its subsidiary, Micro-Financing Solutions (MFS) Limited to Monolith Financial Services (MFS) Limited. MFS Capital…
Business
JAM
Jan 23, 2025
Image Plus closing in onboarding new partner for 33LMR facility
Reading Time: 3 minutesDurrant Pate/Contributor Having been in discussions for months with a new partner for the development of its planned 33 LMR facility in St Andrew, Image Plus is close to clinching…
Business
USA
Jan 22, 2025
Netflix shares hit record as subscriber growth defies odds once again
Reading Time: 2 minutesShares of Netflix soared 15% to hit an all-time high on Wednesday after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, reassuring investors it still has more room to grow.
Business
JAM
Jan 22, 2025
Further rate cuts, improving economic conditions key to expanding equities market—Palmer
Reading Time: 4 minutesFinancial analyst Dania Palmer is predicting modest growth for the Jamaican stock market in the coming months, with low single-digit gains anticipated. This cautious optimism, he said, hinges on key…
Business
WORLD
Jan 22, 2025
Private equity mega-exits become more valuable amid slow investor payouts
Reading Time: 3 minutesCalpine Corp’s $16.4 billion sale to Constellation Energy is set to generate a handsome windfall for the power producer’s owners, but has also stoked hopes within the private equity world that similar mega-exits may help an industry struggling to return investor cash.
Business
JAM
Jan 22, 2025
Jamaica’s equity market at inflection point
Reading Time: 3 minutesDurrant Pate/Contributor Stock market analysts say Jamaica’s equity market appears to be at an inflexion point. Analysts at Jamaica’s largest equities market player, NCB Capital Markets, are citing the continued…
Business
USA
Jan 22, 2025
JPMorgan chief Dimon praises former adversary Elon Musk, CNBC reports
Reading Time: < 1 minuteJPMorgan Chase CEO Jamie Dimon and Tesla chief Elon Musk, once adversaries in a prolonged legal battle, have settled their differences, the banker told CNBC in an interview on Wednesday.
Business
USA
Jan 22, 2025
Citi raises average 2025 oil price forecasts, citing geopolitical risks
Reading Time: 2 minutesCiti on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran, but noted prices were likely to ease through the second half of the year.
Business
USA
Jan 22, 2025
Private equity exits set to recover under Trump, says Ardian exec
Reading Time: 2 minutesPrivate equity sales of their investments may recover under Donald Trump’s second term as president to levels not seen in several years, the executive president of buyout firm Ardian said on Wednesday.