Business

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…
Business
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…
May 20, 2026 by Luke Douglas

JUTC moves to set up mini depots on north coast

The state-led Jamaica Urban Transit Company Limited (JUTC) plans to set up seven mini depots across the island as part of steps to add new routes, mainly along the north coast. The move would…
May 20, 2026 by Carolyn Guniss

Jamaican business fuel anxiety surges on global oil spike

Concern among Jamaican businesses about fuel and transport costs nearly doubled in a single survey period, as rising oil prices push inflation expectations above the Bank of Jamaica's (BOJ)…
May 20, 2026

Woodcats posts lower quarterly profit after hurricane-hit demand dips

Woodcats International Ltd posted a 13.7 per cent decline in profit before tax for the three months ended March, marking the wood products manufacturer's first earnings report since listing on…