Latest News
July 3, 2026
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
The average long-term US mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers.
The benchmark 30-year fixed rate mortgage rate fell to…
July 3, 2026
US employers still reluctant to add many jobs as hiring slows in June
US employers slowed hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign that companies still have a cautious economic outlook.
The Labor Department said…
July 3, 2026
Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims
The US Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices,…
July 3, 2026
Beyond rhetoric: Lessons from the CHASE Fund, ODPEM, and the Dominican Republic
When Hurricanes Beryl (2024) and Melissa (2025) tore through the Caribbean, they left behind a trail of destruction — but also a few quiet victories. In Jamaica, one of those victories was found in…
July 3, 2026
Jamaica’s ABM network stabilises, but storm-hit parishes lag behind
Jamaica’s network of automated banking machines (ABMs) remains largely stable at 2.0 per cent below pre-Hurricane Melissa levels, but some parishes in the storm’s path are yet to recover.
The total…
July 3, 2026
Largest insulin distributor in Jamaica posts gain on acquisition
Acado Limited posted a US$8 million gain on the acquisition of the Jamaica operations of Massy Distribution Limited, a deal that gave it near-total control of the local insulin market, subject to a…
July 3, 2026
Petrojam absorbs US$156,000-a-day loss after gas unit shuts down in April
Jamaica’s sole oil refinery suffered an unexpected shutdown of its gasolene production unit in April, racking up an estimated US$3.6 million (J$550 million) in production losses over 23 days and…
July 4, 2026
Kristen Gyles | Saved by a guilty plea
Here’s an interesting story. In 2017, three young men founded a cryptocurrency company called Centra Tech. At the core of what this company was purportedly offering the world was a new cryptocurrency…
July 4, 2026
Peter Espeut | Between a rock and a hard place
I do not think that many appreciate the difficult corner into which Prime Minister Andrew Holness has painted himself.
For many years, the financial affairs of one of his Cabinet colleagues – Dr…