July 3, 2023 United States: Bank of America Says it Started Talks With Fed After Stress Test Results Bank of America Corp. said it has started discussions with the Federal Reserve to understand how the company was evaluated following results of the central bank’s annual stress tests. The company is in dialogue with the
June 30, 2023 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) unanimously decided to maintain the policy interest rate at 7% despite headline inflation, which was 6.1% at May 2023, being above the Bank’s target range. This should maintain tight Jamaican dollar liquidity and preserve relative stability in the foreign exchange market. The MPC’s
June 30, 2023 Ciboney Group Limited (CBNY) reported total revenue of $1,000 relative to the $2,000 reported for the prior financial year. No revenue was reported for the quarter (2022: $1,000). Administrative and general expenses closed the year at $3.72 million, a 20% decline from the $4.62 million recorded in 2022. Within the quarter, the
June 30, 2023 Ciboney Group Limited (CBNY) has advised that the 72.1122% majority shares in the Company owned by FINSAC Limited and certain affiliated companies have been sold to Wiltshire Consulting and Advisory Limited (Wiltshire). The Agreement was completed on June 29, 2023, and Wiltshire has nominated its wholly owned subsidiary, IEC Energy Company
June 30, 2023 United States: US Inflation Cools, Spending Stagnates as Economy Loses Steam The Federal Reserve’s preferred measures of US inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed
June 29, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for June 28, 2023, was J$15.96. MJE’s last traded price on June 28, 2023 was $11.00. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
June 29, 2023 Gas Price Movement - June 29, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
June 29, 2023 United States: US First-Quarter GDP Revised Up to 2% on Exports, Consumers US gross domestic product was revised up notably to a 2% annualized advance in the first quarter, data showed Thursday. The government’s third estimate of GDP for the period reflected upward revisions to exports and consumer spending. Household spending,
June 28, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for June 27, 2023, was J$15.67. MJE’s last traded price on June 27, 2023 was $11.00. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
June 28, 2023 United States: US Merchandise-Trade Deficit Shrinks on Decline in Imports The US merchandise-trade deficit shrank in May by more than expected as the value of imports slid by the most in six months. The shortfall in goods trade narrowed 6.1% to $91.1 billion, Commerce Department data showed Wednesday. The figure, which
