Jamaica is looking to revitalize and tap into the potential of the sport of golf to attract visitors to the island, to boost the tourism industry and economy. The global golf tourism market, where people take trips with the main purpose of playing the sport, is valued over US$17 billion, according to the International Association of Golfing Tour Operators (IAGTO). […]
Global stocks tumbled and the S&P 500 closed in bear market territory Monday amid growing concerns about inflation. The S&P 500 closed down 151 points, or 3.88%, meaning it’s down 21.3% since its high on Jan. 3. The Dow was down 876 points (2.79%) and the Nasdaq dropped 530 points (4.68%). Investors sold off shares in Asia, Europe, and the […]
The S&P 500 fell 165.17 points to 3,923.68, while the Dow slid 1,164.52 points to 31,490.07. The Nasdaq slid 566.37 points to 11,418.15. The stock market took its biggest hit in nearly two years against the backdrop of Target and other major retailers reporting less than stellar performance. Target lost a quarter of its value after reporting earnings that fell […]
Although restrictions have been imposed on Russia and several businesses have exited the market in the country, the ruble is still holding its own against the U.S. dollar, according to press reports. Last week the currency was trading upwards, and the report noted it was up more than 11% against the U.S. dollar since the start of the year, surpassing […]
Oil futures rose this morning following a volatile start to the week, as the market weighed a coordinated international release of crude inventories against Russian supply disruptions in the wake of Moscow`s invasion of Ukraine. May Brent crude futures gained about one percent to $98.90. The benchmark touched a seven-year high of $105.79 after Russia`s invasion of Ukraine began last […]
According to press reports, Trinidad and Tobago-based Phoenix Park Energy Marketing Ltd (PPEM) has finalized its acquisition of a natural gas liquids terminal in the U.S. PPEM purchased the terminal located in Hull, Texas from Keyera Energy Inc – a subsidiary of Keyera Corporation one of Canada’s largest midstream oil and gas producers. The deal was announced in separate statements […]
Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark at the beginning of the week, making it the first publicly traded company in history to hit such a market valuation. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its […]
Americans quit their jobs at an all-time monthly high of 4.5 million people, at the end of November. That figure surpasses the previous high reached in September when 4.4 million people left their jobs. Leisure and hospitality companies, such as restaurants, bars, and hotels, saw the greatest number of employee exits, with more than 1 million workers quitting in November […]
Wall Street’s main stock indexes were gutted today as the Dow Jones Industrials tumbled by 2,000 points amid a 20% slump in oil prices. Additionally, the rapid spread of the coronavirus has not made it easy for traders as the threat of a global recession now seems real than imagined. Trading was halted immediately after the opening, as the benchmark […]
The surge in Tesla Inc. shares in the market recently has placed the company in an enviable position. It became the first publicly listed U.S. automaker to cross $100 billion in market valuation, more than Ford Motor Co. and General Motors Co. combined. In recent weeks, Tesla (NASDAQ: TSLA) stock has been on the gallop. Shares in the electric vehicle […]
