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Costco Posts 14.5% Sales Jump in May, Topping $24 Billion as Digital Revenue Surges
Business

Costco Posts 14.5% Sales Jump in May, Topping $24 Billion as Digital Revenue Surges

ISSAQUAH, Washington -Costco Wholesale reported net sales of $24.01 billion for the retail month of May, a 14.5% increase from $20.97 billion during the same period last year, with digital channels and U.S. stores leading the charge. The warehouse retailer’s comparable sales rose 12.5% for the four-week period ended May 31, 2026, and 8.3% over […]

Caribbean Business Staff
Ambar Infiniti unveils its new 2027 Infiniti QX65 
Business

Ambar Infiniti unveils its new 2027 Infiniti QX65 

San Juan- Ambar Infiniti revealed this week Infiniti’s new QX65, a sporty mid-size SUV, that exudes both luxury and technology.  The all new Infiniti QX65’s profile highlights a sloping fastback like roof inspired by the brand’s iconic FX model, and a driver centric-cabin geared for a responsive and rewarding experience.  “When we talk about the FX, which I […]

Juan A. Hernández
Oversight Board Gives Green Light to Permitting Overhaul and Minimum Wage Shift
Business

Oversight Board Gives Green Light to Permitting Overhaul and Minimum Wage Shift

In a pair of key legislative updates, the Financial Oversight and Management Board (FOMB) has given its preliminary blessing to two controversial legislative proposals. In letters sent on Thursday, June 4, 2026, to House Speaker Carlos “Johnny” Méndez Núñez, FOMB Executive Director Robert F. Mujica Jr. confirmed that both a sweeping overhaul of Puerto Rico’s […]

Eva Llorens

Energy & Oil

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blue solar panel
Energy & Oil

Oversight Board Clears Power Expectations Contract After Imposing Strict Revisions

Company Expected to Sign by Next Week The consortium selected to deliver 400 megawatts of temporary power generation at the Aguirre Power Plant—Power Expectations, LLC; Enchanted Rock; and Reyes Contractor, LLC—has cleared the final hurdle set by the Financial Oversight and Management Board after incorporating a series of stringent conditions related to project execution, performance […]

Eva Llorens
blue solar panel
Energy & Oil

Bondholders Appeal Judge Swain’s Denial of Renewed Bid to Lift PREPA Litigation Stay

Two Puerto Rico Electric Power Authority bondholders—GoldenTree Asset Management and Syncora Guarantee—have filed a notice of appeal, challenging U.S. District Judge Laura Taylor Swain’s decision to maintain a litigation stay that has blocked creditors from pursuing key remedies in the power utility’s long‑running bankruptcy. The appeal, filed with the U.S. Court of Appeals for the […]

Eva Llorens
El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches
Crypto

El Salvador’s Bitcoin Reserve Hits 7,672 Coins Worth $487.5 Million as Five-Year Anniversary of Bitcoin Law Approaches

San Salvador (EFE) — El Salvador’s strategic bitcoin reserve grew to 7,672 coins as of Thursday, valued at more than $487.5 million, according to official records on the government’s bitcoin.gob.sv portal — just days before the five-year anniversary of the law that made the country the first in the world to adopt bitcoin as legal […]

Caribbean Business Staff
blue and red line illustration
Crypto

Crypto Clarity Bill clears hurdle in Senate Banking Committee

With a 15 to 9 vote, the Digital Assets Market Clarity Act or Clarity Act cleared the markup session vote at the Senate Banking Committee and is now headed to the full Senate.  While the primary fight between the banking industry and crypto sector was around what type of rewards can crypto exchange platforms offer […]

Maria Soledad
photo of Capital Hill, Washington, D.C.
Crypto

Fight around crypto Clarity Bill heats up

After months in committee, the Senate is poised to consider the Digital Assets Market Clarity Act, or Clarity Act, which seeks to create greater regulation for cryptocurrencies. The Senate Banking Committee announced a markup hearing for today, Thursday, May 14, at 10:30 am with the aim of holding a final debate on the bill and […]

Maria Soledad

Tech & AI

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More Than 5,000 Executives to Convene in Mexico City for Latin America’s Largest AI Business Congress
Tech & AI

More Than 5,000 Executives to Convene in Mexico City for Latin America’s Largest AI Business Congress

Mexico-More than 5,000 executives, innovation leaders, and business decision-makers from across Latin America will gather in Mexico City on June 9–10 for the 11th AI, Technology & Business Congress America Digital México 2026 — the region’s largest annual forum dedicated to the intersection of artificial intelligence and enterprise strategy. Held at the World Trade Center […]

Caribbean Business Staff
white monitor on desk
Goverment

IDEA Moves to Streamline Government as Puerto Rico Competes for Investment

Targets Major Efficiency Gains with Tech‑Heavy FY2027 Plan Puerto Rico’s push to digitize government operations is entering a new phase, and the fiscal 2027 budget request for the Iniciativa para la Desreglamentación y Eficiencia Administrativa (IDEA) offers a look at how the administration intends to reshape the island’s public‑services infrastructure. With roughly 75 percent of […]

Eva Llorens
person using black tablet computer
Business

Liberty Repositions Itself as Full Business Solutions Partner in Puerto Rico

Liberty, once known primarily as a cable and connectivity provider, is repositioning itself as a full-service business technology solutions partner to accelerate digital transformation across Puerto Rico. The company’s B2B division, Liberty Business, has been operating for years, but executives say they are now repositioning the brand with a clearer message about the breadth of […]

Eva Llorens
Nvidia’s Jensen Huang: AI Is Creating More Software Engineering Jobs, Not Destroying Them
Tech & AI

Nvidia’s Jensen Huang: AI Is Creating More Software Engineering Jobs, Not Destroying Them

Taipei, June 1 (EFE) – Nvidia CEO Jensen Huang said Monday it “makes no sense” to claim that artificial intelligence is destroying jobs, arguing that the sector is actually hiring more software engineers than ever. Speaking at the opening keynote of Nvidia’s GTC developer conference in Taipei, Huang noted that 30 million software developers currently represent […]

Caribbean Business Staff