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Global equity funds attract inflows for third week in a row
Global equity funds had a third straight week of inflows in the week to January 28 on upbeat earnings expectations, while safe-haven assets like gold and bond funds also saw solid demand amid uncertainty over potential U.S. tariff moves under President Donald Trump. Global equity funds attracted $33.39 billion worth of inflows in the week, compared with about $9.5 billion worth of inflows in the previous week, LSEG Lipper data showed. By region, European equity funds

The San Juan Daily Star
Feb 22 min read


New Fortress in restructuring talks to give creditors equity
According to a report, New Fortress Energy bondholders under a proposed restructuring support agreement would take control of NFE’s Brazil assets, while term loan lenders would see recoveries through value tied to an FLNG 1 LNG offshore facility in Mexico. The recovery value for its term loan debt would be tied to an LNG terminal in Puerto Rico and other downstream assets. (Facebook via New Fortress Energy) By THE STAR STAFF New Fortress Energy (NFE) is working on a proposed

The San Juan Daily Star
Jan 302 min read


J. Jaramillo Insurance purchases Guaynabo building as part of expansion plan
J. Jaramillo Insurance plans to invest more than $3 million to modernize the existing property in Metro Office Park in Guaynabo, raising its construction value to over $20 million. By THE STAR STAFF J. Jaramillo Insurance (JJI), an insurance firm in Puerto Rico, has purchased a building in the Metro Office Park complex in Guaynabo as part of a broad expansion plan that includes multimillion‑dollar upgrades and long‑term development. The company plans to invest more than $3 mi

The San Juan Daily Star
Jan 302 min read
York Space valued at $4.75 billion in NYSE debut on Pentagon spending bets
York Space Systems clinched a valuation of $4.75 billion in its market debut on Thursday, as investors bet on sustained Pentagon spending on space and defense to drive growth. The Denver, Colorado-based company’s stock opened 11.8% higher at $38 on the New York Stock Exchange. It raised $629 million in an upsized U.S. initial public offering on Wednesday after selling 18.5 million shares. “The listing suggests that the market is open for new defense and space stocks

The San Juan Daily Star
Jan 302 min read


Trump says he will raise tariffs on South Korea to 25%
President Lee Jae Myung of South Korea presents President Donald Trump with the Grand Order of Mugunghwa, left, South Korea’s highest decoration, and a replica of a crown excavated from ancient royal tombs, at the Gyeongju National Museum in Gyeongju, on Wednesday, Oct. 29, 2025. President Trump said Seoul was not moving fast enough to implement an agreement, which calls for South Korea to invest billions in the United States. (Haiyun Jiang/The New York Times) By ANA SWANSON

The San Juan Daily Star
Jan 293 min read


UPS says it is cutting up to 30,000 jobs
A UPS driver makes deliveries in Miami on April 28, 2025. UPS said on Jan. 27, 2026 that it expected to cut as many as 30,000 jobs this year as part of a continuing effort to reduce costs and shore up profits. (Scott McIntyre/The New York Times) By PETER EAVIS UPS said earlier this week that it expected to cut as many as 30,000 jobs this year as part of a continuing effort to reduce costs and shore up profits. Last year, the delivery company eliminated 62,000 positions, by la

The San Juan Daily Star
Jan 292 min read
S&P 500 breaches 7,000 points for the first time, lifted by AI optimism
The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of strong Big Tech earnings as well as monetary policy easing. The benchmark index’s ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence in the U.S. economy and corporate America. It took about three years for the S&P 500 to rise to 5,000 points from 4,

The San Juan Daily Star
Jan 292 min read


Record debt in the world’s richest nations threatens global growth
An artillery unit of the Ukrainian Army prepares to fire at Russian positions toward the front line near Pokrovsk, Ukraine, Dec. 21, 2025. Europe is threatened by an increasingly aggressive Russia and a belligerent American president. (Tyler Hicks/The New York Times) By PATRICIA COHEN For decades crushing debt has spread misery in the world’s poor and lower-income nations. But the menace of unsupportable borrowing that now hangs over the global economy emanates from some of t

The San Juan Daily Star
Jan 284 min read
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