How could a $32 billion company vaporize overnight? That’s what anyone watching the sudden collapse of FTX, a hot cryptocurrency start-up that plunged into bankruptcy last week, might be puzzling over. It…
Category: Consumer News
Tourist Visiting St. Croix Warns Not To Use National Rental Car Chain Based At Airport
KINGSHILL — A tourist visiting St. Croix posted a warning to social media today saying that people should avoid a national rental chain based at the Henry E. Rohlsen Airport. The visitor…
Infant Formula Distributed In The U.S. Virgin Islands Recalled By Abbott; 2nd Recall In 2022
STURGIS, Michigan — Infant formula manufacturer Abbott has recalled some of its Similac products that were distributed in the Caribbean, including on St. Thomas and St. Croix, due to faulty bottle caps…
WORLD CUP 2022: Russians Are Top Property Buyers in Dubai; Indians Place Third
DUBAI — Russians have emerged as top property buyers in the Dubai property market, surpassing Indians, British and Italian investors. According to the third-quarter 2022 report released by brokerage Betterhomes, Russians are…
Rising Food Costs Have USVI In A Panic About How To Make Ends Meet At The Dinner Table
The highest inflation in roughly 40 years is prompting people to shift their shopping habits, especially at the grocery store. About 90 percent of Americans are concerned about food prices, according to…
Vendors Plaza Kiosks On Way To St. Thomas, DLCA Says
CHARLOTTE AMALIE — “The Vendors Plaza kiosks are on the way,” said Commissioner Richard T. Evangelista of the Department of Licensing and Consumer Affairs (DLCA). “I am excited to announce that earlier…
Post-Fiona Fuel Disruptions Spark Fear In Puerto Rico
CAGUAS — A growing number of businesses, including grocery stores and gas stations, are temporarily closing across Puerto Rico as power outages caused by Hurricane Fiona drag on in the U.S. territory,…
Dufry’s Turnover Doubles As Sales Inch Towards 2019 levels
KINGSTON — Swiss duty-free retailer Dufry said on it saw strong sales momentum continue this summer despite the soaring inflation, after its turnover more than doubled in the first six months of the…
Chip Wreck: Nvidia Sinks Sector After U.S. Restricts China Sales
SANTA CLARA, California — U.S. chip stocks tumbled today, with the main semiconductor index down more than three percent after Nvidia and Advanced Micro Devices said U.S. officials told them to stop exporting cutting-edge…
Remote Work Possible Onboard When Royal Caribbean Adds SpaceX’s Starlink To Its Cruise Ships
MIAMI — Royal Caribbean Group said on Tuesday it will use SpaceX’s Starlink, a fast-growing constellation of internet-beaming satellites in orbit, to provide internet connectivity to its guests and crew on its cruise…