News

1834 is on the verge of being delisted from the JSE

1834 Investments (1834) is on the verge of being dissolved and wiped away from the stock market. RJR will soon be the owner of all 1834 shares, and the company’s presence on the stock will be suspended effective October...

Tesla earnings report shows that it missed analysts’ expectations

Tesla reported revenue of $21.45 billion in the third quarter, it was a great period for the company but it missed analysts’ expectations. Shares fell 3.5% in the after-hours of the release. Tesla's overall gain for the third quarter was $3.3...

Proven purchases the remaining shares of BOSLIL Bank

Proven Group Limited (PROVEN), has finalized the purchase of the remaining shares of its St. Lucian subsidiary, Bank of St. Lucia International Limited (BOSLIL). BOSLIL came under the proven umbrella in 2017, when they purchased 75 percent of the company....

The smartphone market decline continues as consumer spending dries up

Worldwide cell phone shipments experienced their third sequential downfall this year. Per numbers from Canalys, shipments dropped a humble 9% last quarter, denoting the most terrible Q3 for the class beginning around 2014. Apple is coping better than others, with...

US urges western suppliers to cut ties with China in the latest phase of the chip war

The United States has created new laws that experts will have a major effect on the Chinese chip market which is clearly what the White House is aiming to curb. Over the last decade, China has invested billions of...

MoneyGram launches strategic partnership with VM Money Transfer Services

MoneyGram has inked a strategic partnership with VM Money Transfer Services which will allow customers to receive money straight into their bank account. This is a huge win for both sides. Typically for the average customer especially living in...

Intel carried out layoffs due to a drop in pc demand

Major Chip Maker Intel had for some time been expecting a decrease in PC deals after a time of uplifted requests because of work-and-study-from-home plans achieved by the Coronavirus pandemic. In July, it owned up to Nikkei that it...

Johnston Development kicks off operations with residential development project

Johnston Development Group spearheaded by entrepreneur Jamila Johnston is taking charge of its first project. It is a $1.2 billion residential development in Kingston called Cardinal Residence. The project spans 1.5 acres, it will contain 36 studios, and 12...

ISP Finance Services is looking to raise J$570 million through the issuance of bonds

ISP Finance Services Limited (ISP) reports that they are looking to raise J$570 million through the issuance of bonds. These types of bonds are fixed and variable rate senior secured investment bonds to investors. The offer for these bonds started...

FirstRock seeing success in share buy-back initiative

FirstRock Real Estate Investments (FIRSTROCKJMD) has been experiencing a smooth process in its share buy-back initiative which it initiated last month. During the period between September 28 to 29, they purchased $300,000 USD and $100,000 JMD worth of shares, under...
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Latest News

Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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