Tag: price

BUSINESS

Musk Sends Twitter Stock Price Fluttering

Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of […]

BUSINESS

Oil Prices On The Run

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 […]

BUSINESS

UK Sees Rise In Interest Rates

The UK has witnessed an increase in interest rates for the second time in three months as the Bank of England tries to arrest a rapid rise in the cost of living. The hike to 0.5 percent from 0.25 percent came as the Bank warned prices would remain at a 30-year high for the rest of the year. Prices are […]

EDITORIAL

The Police Given An Impossible Task

Jamaica gained its independence in 1962, over fifty-nine years ago. Since then, the People’s National Party (PNP) and Jamaica Labor Party (JLP) have asked and continue to ask the Jamaican electorate to give them power not only to advance and protect their interest but also to guarantee their rights under the constitution. Thus, under the fundamental rights and freedoms of […]

BUSINESS

Oil Prices Slide

Oil prices fell further on Thursday as swelling inventories depressed sentiment despite widespread expectations that the Organization of Petroleum Exporting Countries (OPEC) and Russia will agree on some form of production cut next week. Brent futures fell 98 cents, or 1.7 percent, to $58.53 a barrel. U.S. crude dropped $1.16, or 2.2 percent, to $50.29 a barrel. Both contracts were on […]

NEWS

Trump Fires At OPEC

“Looks like OPEC is at it again. With record amounts of oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump said on Twitter. The foregoing tweet by the U.S. President Donald Trump was enough to shake down the price of oil which has […]

BUSINESS Commerce

Oil Price Hits Lowest Level

Oil traded on Friday at its lowest level in about three weeks, with prices set to suffer their largest weekly loss in a month as rising U.S. production and President Trump’s withdrawal from the Paris climate accord add to concerns of a persistent supply glut.  On the New York Mercantile Exchange, West Texas Intermediate crude slid 84 cents, or 1.7 […]