Tag: market

BUSINESS

U.S. Stock Market Takes Another Battering

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 […]

BUSINESS

Tesla Makes Shares Record

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 […]

Jamaica

Jamaica Set For Global Tourism Growth In Next Decade

According to Jamaica’s Minister of Tourism Edmund Bartlett, the country will strategically position itself to exploit the demands of the global tourism market over the next ten years. He told reporters that the estimates for global growth in the tourism sector could be 1.8 billion international visitors by 2030, with earnings of US$2 trillion. Some 40 million new jobs will […]

BUSINESS

European Companies In Cannabis Stock Frenzy

More and more countries and companies are seeking to cash in on the green cannabis ‘gold’ market. Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North American “pot stocks” frenzy. This was revealed by insiders at European investment bank, Bryan Garnier. […]

POLITICS

Look To Africa For Market Opportunities

Barbados Prime Minister Mia Mottley has called for leaders in the Caribbean region to capitalize on the vast African market for business opportunities. At a panel discussion on Regional Transformation for Inclusive and Sustainable Growth recently, Ms. Mottley urged the regional bloc to remove its own barriers to intra-CARICOM trade while looking to the African continent’s potential. She argued that […]

Jamaica

Financial Media Giant Bloomberg Lauds The Performance Of Jamaica’s Stock Market

Bloomberg, the renown American financial media company in a recent report, lauded the performance of the Jamaica Stock Exchange as the world’s best-performing stock market. The report noted that traders have only three and a half hours per day in which to trade, and the JSE did not have to contend with short sellers, high-frequency traders, premarket and after-hours trade. […]

BUSINESS Commerce Social media

U.S. Sees Fastest Wage Growth In Nine Years

The U.S. October jobs report is out, and politicians and pundits are raving over it. The report shows that the pace of wages grew at the fastest rate for the first time in nine years last month. According to the U.S. Labor Department, wages grew at an annual rate of 3.1 percent in October, accelerating from a rate of 2.8 […]

BUSINESS Commerce Social media

Apple Stock Takes A Nosedive

Apple stock fell 6.6 percent at the end of last week, after showing a strong earnings report but shook investors’ confidence in its newly announced quarterly reporting structure and blurred guidance for the holiday quarter. Press reports noted that shares ended trading at $207.48, just above the threshold for Apple to maintain its historic $1 trillion market cap, based on […]

BUSINESS Commerce Social media

Bloomberg Gives Jamaica’s Stocks Market Props

A report by Bloomberg has placed Jamaica’s stock market as front and center as the leading performer in the world. It noted that Jamaica’s stock market has had a significant bull run, thus making it the world’s largest over the last five years. It also indicated that the local stock has shown no sign of slowing down. According to the […]

BUSINESS Commerce Social media

U.S. Oil Prices Trend Higher

U.S. oil prices were on Friday trading sharply higher as prices bounced around ahead of a meeting of major oil producers over the weekend.  A report suggesting that major producers may increase production to cover an expected shortfall in output from Iran briefly knocked prices lower.  November West Texas crude on its first full day as a front-month contract, added […]