Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
🤯Hurricane Melissa Funds Barely Used!
Only 2% Of Hurricane Relief Funds SpentWhy are billions of dollars collected for Hurricane Melissa relief still just sitting there in government’s bank account months later? So we all know that government is notoriously inefficient. And that even goes for spending money. Stuff takes forever to get approved, procurement processes take months. It’s a pain. But when you have an emergency like a category five hurricane and people need help NOW, that cyaa work! Well, a new Auditor General’s report says that’s exactly what happened and Jamaicans are big mad, understandably so! According to the report, the Office of Disaster and Preparedness Management, ODPEM received about one point four billion dollars in cash donations for Hurricane Melissa relief. But up to February 23, they only spent ...
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Money Media
Helping Caribbean people at home and abroad create wealth through investing and entrepreneurship
Wall Street’s Biggest IPO Wave Yet? Wall Street could be heading into its biggest IPO wave in years. 2026 could become a blockbuster year for US IPOs, with companies like OpenAI, Anthropic, Canva and SpaceX all being linked to potential listings that could collectively add trillions of dollars to the stock market. Let’s start with OpenAI. The company behind ChatGPT is reportedly laying the groundwork for a possible IPO as early as late 2026. OpenAI has reportedly been holding talks with Wall...
Could Spirit Airlines' Collapse Hurt the Caribbean? A moment of silence for Spirit Airlines. Spirit officially shut down earlier this month after years of financial trouble, and travellers are already paying the price. Failed merger attempts, bankruptcy filings, and rising fuel costs finally caught up with the company. According to the airline, soaring jet fuel prices linked to tensions in the Middle East was the final blow. But Spirit’s problems started long before that. The airline built...
What Barita's Results Say About Jamaica's Economy Barita Investments recently acquired JN Fund Managers and has since rebranded as Barita Fund Managers. They also just reported great financial results. What does this say about the Jamaican economy, and how are they looking towards the future? CEO of Barita Investments, Senator Ramon Small-Ferguson and Interim CEO of Barita Fund Managers, Richardo Williams, join the conversation. ⚠️Scam Alert I will never message you to trade, ask for money,...