IBM Stock Closes Down More Than 25% After Pre-announced Earnings Results
IBM (IBM) ended trading Tuesday down more than 25%, its worst drop since at least 1968, after the company preannounced earnings that fell well below Wall Street's expectations.
Analysts had expected IBM to report adjusted earnings per share (EPS) of $3.02 on revenue of $17.86 billion, but the company came up short, posting adjusted EPS of $2.93 and revenue of $17.2 billion.
In a statement, IBM CEO Arvind Krishna said the company was prepared for a low-single-digit decline in its z17 mainframe business for the quarter, but the results were far worse than projected and are at least partially related to the global memory shortage.
IBM stock was previously off just 4.8% since the start of the year heading into Tuesday, but it is now off 26%.
The company's chief competitors aren't faring much better. Shares of Oracle (ORCL) are off 33% year to date, while Microsoft has declined 20%. Accenture (ACN), meanwhile, is down 50%.
IBM will hold its quarterly earnings call on July 22nd.
Millions of Eye Drops Recalled Nationwide Due to Potential Foreign Substance
Millions of bottles of a commonly prescribed eye drop used to treat eye inflammation and allergic conditions are being recalled nationwide, according to the U.S. Food and Drug Administration.
Lupin Pharmaceuticals Inc. has voluntarily recalled more than 2.5 million bottles of Prednisolone Acetate Ophthalmic Suspension after the potential presence of a foreign substance was identified, the FDA said in a recall notice.
The prescription medication is a corticosteroid eye drop used to reduce redness, itching, and swelling caused by eye infections and other inflammatory conditions.
According to the Mayo Clinic, prednisolone ophthalmic is available only by prescription and is commonly used to help manage inflammation in the eye. Patients who use the recalled product should check the lot information and contact their healthcare provider or pharmacist if they have questions about their medication.
(Recall information)
Product description: prednisoLONE Acetate Ophthalmic Suspension, USP, 1%, Rx only
5 mL (NDC 70748-332-02)
10 mL (NDC 70748-332-03)
15 mL (70748-332-04)
Manufactured by: Lupin Limited, Pithampur (M.P) 454 775, INDIA
Product Quantity: 2,530,182 bottles
Recall Number: D-0655-2026
The recall, which was initiated early last month but classified as a Class II recall last week, spans dozens of individual lot codes and separate bottles.
Application Portal for TCIG Cost of Living Relief Program Opens Wednesday July 15th 2026
The Ministry of Finance, Economic Development, Investment and Trade is pleased to announce the upcoming launch of the Turks and Caicos Islands Government's Cost of Living Relief Programme.
Beginning July 15, 2026, eligible applicants can submit their applications online through the official portal at colrelief.gov.tc.
The programme provides a one-time $500 grant to help ease the impact of rising living costs. Applications are open to Turks and Caicos Islanders and British Overseas Territories Citizens (BOTCs) who are 18 years of age or older and meet the programme's eligibility requirements.
If you qualify, be sure to prepare your documents and submit your application once the portal opens. This initiative reflects the Government's ongoing commitment to supporting individuals and families across the Turks and Caicos Islands.
Photo Credit: TCIG Comms Directorate
3 DAY PUBLIC WEATHER FORECAST FROM MONDAY JULY 13TH 2026
PUBLIC FORECAST FOR THE TURKS AND CAICOS ISLANDS FOR THE NEXT THREE DAYS FROM MONDAY JULY 13TH 2026
GENERAL SITUATION: Hot, humid, and hazy conditions are expected across the Turks and Caicos Islands today, as a large plume of Saharan dust and high pressure combine to bring mostly stable and breezy conditions. However, pockets of moisture may trigger isolated showers at times.
SPECIAL WARNINGS: A Dust Advisory remains in effect for the Turks & Caicos Islands. Residents, especially those with respiratory conditions, should take the necessary precautions to safeguard their health.
UV Index: Members of the public are advised to wear protective clothing and sunscreen, and seek shaded areas while outside during peak sunshine hours (11am – 4pm), as UV indices are expected to be in the very high range.
ALL AREAS
WEATHER: Partly sunny and hazy with a low (10 percent) chance of passing isolated showers and possible isolated thunderstorm this afternoon becoming mostly fair tonight.
WINDS: Easterly at 10 to 20 knots with higher gusts
SEAS: Slight to moderate with wave heights of 2 to 4 feet
DAYTIME HIGH TEMPERATURE 91°F 33°C
HEAT INDEX 100°F 38°C
OVERNIGHT LOW TEMPERATURE 81°F 27°C
SUNSET: 07:35 PM
NEXT LOW TIDE: 01:59 PM (0.3 FT)
NEXT HIGH TIDE: 08:35 PM (3.3 FT)
EXTENDED FORECAST: High pressure and another plume of Saharan dust will continue to bring hot, hazy, and breezy conditions across the Turks and Caicos Islands through most of this week.
TUESDAY: Isolated showers possible. Partly sunny and hazy, with a high near 91°F (33°C).
TUESDAY NIGHT: Mostly fair and hazy, with a low around 81°F (27°C).
WINDS: Easterly at 10 to 15 knots
SEAS: Slight to moderate with wave heights of 2 to 4 feet
SUNRISE: 06:14 AM
SUNSET: 07:34 PM
LOW TIDE: 03:05 AM (0.7 FT) 02:52 PM (0.3 FT)
HIGH TIDE: 08:43 AM (2.3 FT) 09:25 PM (3.3 FT)
WEDNESDAY: A low (10 percent) chance of isolated showers. Partly sunny and hazy, with a high near 91°F (33°C).
WEDNESDAY NIGHT: Mostly fair and hazy, with a low around 81°F (27°C).
WINDS: Easterly at 10 to 15 knots
SEAS: Slight to moderate with wave heights of 2 to 4 feet
SUNRISE: 06:14 AM
SUNSET: 07:34 PM
LOW TIDE: 03:53 AM (0.7 FT) 03:44 PM (0.3 FT)
HIGH TIDE: 09:34 AM (2.6 FT) 10:13 PM (3.3 FT)
TROPICAL WEATHER OUTLOOK: Tropical cyclone formation is not expected during the next 7 days.
3 DAY PUBLIC WEATHER FORECAST FROM FRIDAY JULY 10TH 2026
PUBLIC FORECAST FOR THE TURKS AND CAICOS ISLANDS FOR THE NEXT THREE DAYS FROM FRIDAY JULY 10TH 2026
GENERAL SITUATION: A strong high-pressure ridge will maintain moderate to fresh easterly breezes, with locally strong winds across the Turks and Caicos Islands today.
SPECIAL WARNINGS: A Dust Advisory remains in effect for the Turks & Caicos Islands. Residents, especially those with respiratory conditions, should take the necessary precautions to safeguard their health.
ALL AREAS
WEATHER: Partly cloudy this afternoon. Mostly fair tonight.
WINDS: East to southeast at 15 to 25 knots, gusts to near gale force possible.
SEAS: Slight to moderate with waves heights of 2 to 4 feet, building up to 5 feet offshore
DAYTIME HIGH TEMPERATURE 90°F 32°C
HEAT INDEX 100°F 38°C
OVERNIGHT LOW TEMPERATURE 81°F 27°C
SUNSET: 07:35 PM
NEXT LOW TIDE: 11:06 AM (0.7 FT)
NEXT HIGH TIDE: 05:49 PM (3.0 FT)
EXTENDED FORECAST: A strong high-pressure ridge will build across the Turks and Caicos Islands this weekend and into early next week, bringing hot, breezy, and generally stable conditions. Lingering Saharan dust will maintain hazy skies, limiting shower and thunderstorm activity.
SATURDAY: Partly sunny and hazy, with a high near 91°F (33°C).
SATURDAY NIGHT: Mostly fair and hazy, with a low around 81°F (27°C).
WINDS: Easterly at 10 to 15 knots with gusts up to 20 knots.
SEAS: Slight to moderate with waves heights of 2 to 4 feet, building up to 5 feet offshore
SUNRISE: 06:13 AM
SUNSET: 07:35 PM
HIGH TIDE: 12:27 AM (1.0 FT) 12:07 PM (0.3 FT)
LOW TIDE: 06:01 AM (2.3 FT) 06:47 PM (3.0 FT)
SUNDAY: Mostly sunny and hazy, with a high near 91°F (33°C).
SUNDAY NIGHT: Mostly fair, with a low around 81°F (27°C).
WINDS: Easterly at 10 to 15 knots with gusts up to 20 knots.
SEAS: Slight to moderate with waves heights of 2 to 4 feet, building up to 5 feet offshore
SUNRISE: 06:13 AM
SUNSET: 07:35 PM
LOW TIDE: 01:23 AM (0.7 FT) 01:04 PM (0.3 FT)
HIGH TIDE: 06:58 AM (2.3 FT) 07:43 PM (3.0 FT)
TROPICAL WEATHER OUTLOOK: Tropical cyclone activity is not expected through the next seven (7) days.
FORECASTER: H. HAMILTON
29th National Academic Awards Ceremony Held in Providenciales
The Ministry of Education, Youth, Sports and Culture on Tuesday July 7th 2026, at Beaches Turks and Caicos under the theme, "Innovation through Knowledge, Investment and Growth" proudly hosted the 29th National Academic Awards Ceremony.
This awards ceremony is a prestigious event that recognizes and celebrates the outstanding academic achievements of students across the Turks and Caicos Islands.
Tuesday's ceremony honoured students who demonstrated exceptional academic excellence and perseverance throughout the academic year.
9 students achieved 10 or more passes in External Examinations.
2 from British West Indies Collegiate
Alyssa Gibbs - 10 Passes
Dawson Morley - 10 Passes
1 Maranatha Academy
David Blythe - 11 Passes
6 from Wesley Methodist with 12 Passes
Ramoncito Polanco
Michael Robinson
Jelana Riviere
Alice Williams - 11 Passes (Wesley Methodist)
2 from Wesley Methodist with 10 Passes
Alena Augustin
Milito Rodriguez
In the regional merit awards.. the Caribbean Examination Council produces a list of the 10 highest performing students in each subject following its May/June examination session.
Tied for 4th place in the region in Integrated Science
Maranatha High School - David Blythe
Tied for 6th place in the region in Visual Arts
Clement Howell High School - Aaron Rigby
2nd Place in the Region in Family and Resource Management
Wesley Methodist - Ramoncito Polanco
Tied for 9th Place in the Region in Family and Resource Management
Clement Howell High School - Carissa Brown
The day celebrated every achievement, for each one is a milestone on the journey of lifelong learning.
Congratulations Students!
Ports Authority TCI Visits Kingston Freeport Terminal Limited, Jamaica
A delegation from the Port Authority of the Turks and Caicos Islands is currently in Jamaica as part of an ongoing initiative to enhance professional development and strengthen regional partnerships within the maritime sector.
During the visit, the team is engaging with officials from the Kingston Freeport Terminal Limited (KFTL) and the Port Authority of Jamaica, where they are participating in knowledge-sharing sessions focused on safety protocols, access control, terminal operations, risk assessment, and overall terminal management.
The programme also includes a guided tour of the Port of Kingston, giving the delegation a firsthand look at the port’s operations and best practices in one of the Caribbean’s leading maritime hubs.
The Turks and Caicos delegation is led by Training and Compliance Manager Sharonna Brown and includes Security Officer Alicia Smith from Grand Turk, along with Laura Logan and Rolando Dor from Providenciales.
The Port Authority expressed its appreciation to its Jamaican counterparts for their warm hospitality and the opportunity to exchange ideas, strengthen collaboration, and build lasting regional relationships.
Seven Dominican Nationals in Custody for Poaching in TCI Waters
Seven Dominican Republic nationals have been arrested and a vessel seized following a coordinated maritime operation targeting suspected illegal fishing activity in the territorial waters of the Turks and Caicos Islands.
The operation took place on Sunday, July 5, 2026, after the Royal Turks and Caicos Islands Police Force (RT&CIPF) acted on intelligence received from international partners. The response brought together the Turks and Caicos Islands Regiment, Border Force, and the Department of Environment and Coastal Resources (DECR) in a joint enforcement effort.
Authorities intercepted two vessels during the operation and recovered a quantity of suspected illegally harvested marine products. Seven adult Dominican men were taken into custody on suspicion of poaching and other offences under the territory’s Fisheries Protection legislation.
Investigations remain ongoing as DECR officers continue their enquiries in collaboration with law enforcement partners to determine the full extent of the alleged offences.
Acting Deputy Commissioner of Police Kendall Grant praised the coordinated effort, saying the successful operation highlights the value of intelligence-led policing and strong partnerships in protecting the Turks and Caicos Islands’ territorial waters and marine resources.
“Illegal fishing and poaching pose a serious threat to our marine biodiversity, economy, and the livelihoods of those who depend on these resources,”
The RT&CIPF said it remains committed, alongside its law enforcement and regulatory partners, to disrupting illegal fishing and other maritime crimes while protecting the country’s marine resources and borders.
Police are encouraging anyone with information about illegal fishing, poaching, or other maritime offences to contact 911, the nearest police station, or report anonymously through Crime Stoppers at 1-800-8477.
Guilty Verdict Delivered in Grand Turk Supreme Court for 2024 Murder
The Royal Turks and Caicos Islands Police Force (RT&CIPF) also in a statement revealed that Jevano Arthur and Archley Forbes both of Residence Yard, Five Cays, Providenciales, have been found guilty for the murder of Evason Walkin, also known as "Archie".
The convictions were returned on Tuesday, 7 July 2026, following a three-week trial in the Grand Turk Supreme Court.
The court found both men guilty of the murder of Walkin, which occurred on October 10, 2024 in the vicinity of Club Med Yard, Five Cays, Providenciales.
Sentencing has been scheduled for September 21, 2026.
Grand Turk - RTC Participates in Department of Youth Affairs Summer Media Camp
Our Danae Dennie talks about how we are giving back to the younger ones over this summer break. RTC participated in the Department of Youth Affairs Summer Media Camp in Grand Turk.