Business

The small group of stocks that’s been driving Wall Street to records is getting even smaller. Last year, just a handful of companies were responsible for most of the US stock market’s total return. It’s an exclusive enough club that they’ve come to...

The European Central Bank, ECB, recently reported its first annual operating loss since 2004. Its losses for 2023 amounted to €1.3 billion ($1.41 billion), following the release of €6.6 billion from its provision for financial risks. In its...

American Airlines has announced a massive order for new planes, splitting 260 new aircraft between Boeing, Airbus and Embraer in a move designed to meet growing travel demand and increase the airline’s supply of premium seats. American said it...

It was an off-the-record, online conversation about the state of the world. Nobel laureates, former government officials, and hedge-fund managers held forth on geoeconomics, warfare, artificial intelligence, green investments, how to avoid the next...

China aims to achieve five per cent economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined...

Investment company Mayberry foresees a “sexy” stock market emerging by year end, based on government’s enlarged budget, which the company’s officers describe as positioning for the general election. “We now have a clear runway to the general...

Chevron has warned that its pending US$53-billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil Corp and a Chinese national oil company, which both hold rights to development of an oilfield off the coast...

Elon Musk is suing OpenAI and its CEO, Sam Altman, over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said...

Sagicor Group Jamaica Limited, SGJ, has made annual profit of $14.4 billion for its shareholders, recording gains on all its main business segments, except for investment banking due to the continuing effects of elevated interest rates. “In Jamaica...

ChatGPT-maker OpenAI is looking to fuse its artificial intelligence systems into the bodies of humanoid robots as part of a new deal with robotics start-up Figure. Sunnyvale, California-based Figure announced the partnership Thursday along with US...

The Tourism Workers Pension Scheme, TWPS, differs in many ways from other pension schemes but could hold the key to opening up the way to raise the level of participation in retirement schemes. In last week’s column, we were able to see several...

You were walking next to a swimming pool when you slipped and dropped your phone into the water. Or it slipped out of your hand when you were next to a filled bathtub or toilet. However, your smartphone got wet, you now need to dry it. But what do...