(Press Release) — Atkins Kroll Inc., celebrating 55 years of service in the Commonwealth of the Northern Mariana Islands, announced its plans to plant deeper roots in the CNMI by building a new AK Toyota Lexus Automotive Sales and Service Center and Vehicle Repair Shop in Puerto Rico, Saipan…
(Reuters) — The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction.
SINGAPORE (Reuters) — Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies.
WASHINGTON (Reuters) — The Federal Reserve's hawkish message on inflation registered quickly in U.S. housing markets this summer as mortgage rates shot up and home sales slowed.
SYDNEY (Reuters) — Asian shares were mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts and underlined the need for more stimulus to support the world's second largest economy.
DUBAI (Reuters) — State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.
TOKYO (Reuters) — Japanese Prime Minister Fumio Kishida on Monday instructed his ministers to draw up additional steps to cushion the economic blow from rising living costs in a package due to be compiled next month.
NEW YORK (Reuters) — Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P 500 and the Nasdaq to post their fourth straight week of gains.
(Reuters) — Peloton Interactive Inc said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow.
WASHINGTON (Reuters) — Audi of America, Kia Corp and Porsche said on Friday that buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure.
NEW YORK (Reuters) — Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.
(Reuters) — Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken.
LIMA (Reuters) — Binance, the world's largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters on Wednesday, without disclosing numbers.
(Reuters) — Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.
(Reuters) — U.S. consumer prices are expected to have risen at a much slower pace in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years.
(Reuters) — U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948 when the Labor Department began tracking it, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help keep inflation elevated.
(HANMI) — The Hotel Association of the Northern Mariana Islands reported a 34% average occupancy rate among its 12 member hotels for July 2022, compared to the 16% average occupancy in July 2021.
(Press Release) — Matson has announced that Stephen Gatewood was promoted to sales and customer service manager for Guam and Micronesia, effective July 1, 2022. Gatewood brings a wealth of business and sales and marketing experience to his new position and previously served in an operations…
(Reuters) — Another day, another hack, and another blockchain bridge burned.
(Marianas Visitors Authority) — Arrivals to Saipan, Tinian and Rota grew 1,618% percent to 10,411 visitors in June 2022, compared to 606 visitors received in June 2021. The figure marks the first month of arrivals exceeding 10,000 visitors since the start of the coronavirus pandemic in 2020.
(NMC) — Summit Auto Repair Shop is the latest company to sign on as a Northern Marianas College ProaPerks Partner. All card-carrying members of the NMC ProaPerks program can now receive a 10% discount on oil change, tune up, body and car repairs.
(Reuters) — Business investment appears to be an early victim of red-hot U.S. inflation and rising interest rates.
(Special Advertising Feature) — DFS Group, the world’s leading luxury travel retailer, is preparing to welcome customers into its new and first-ever virtual universe — DFS World — this August and September through the launch of its largest-ever annual beauty campaign. Titled “Open Up Your Ho…
(Reuters) — The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation back down to the central bank's goal, Fed Gov. Michelle Bowman said on Saturday.
(Reuters) — The slide in U.S. stock prices punished Berkshire Hathaway Inc's bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss.
(Press Release) — The Saipan Chamber of Commerce held its monthly general membership meeting on Wednesday, Aug. 3, at the Kensington Hotel, Queens Hall.
(Reuters) — Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signaled weak fuel demand.
(Reuters) — A proposal by U.S. Senate Democrats to put income, price and domestic content conditions on electric vehicle tax breaks could initially sharply curtail the number of EVs that qualify, the Congressional Budget Office said on Wednesday.
SINGAPORE/JAKARTA (Reuters) — Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity.
TOKYO (Reuters) — Toyota Motor Corp is expected to report a double-digit drop in first-quarter profit this week, as a chip shortage and supply-chain woes forced the world's top automaker by sales to repeatedly slash production targets.
WILMINGTON, Del. (Reuters) — Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said.
(Reuters) — It's been a good month for bitcoin, and we haven't said that for a while.
TOKYO (Reuters) — Asia stocks tumbled on Tuesday as jitters about an escalation in Sino-U.S. tension with U.S. House Speaker Nancy Pelosi set to begin a trip to Taiwan, adding to fears about the risk of global recession.
MANILA (Reuters) — The Philippine central bank will continue supporting the economy's recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday.
SINGAPORE (Reuters) — Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.
SYDNEY (Reuters) — Asian shares were sluggish on Monday as disappointing Chinese economic data fed doubts Wall Street's rally could be sustained, while the dollar continued its retreat on the yen as speculators were forced out of suddenly unprofitable short positions.
TOKYO (Reuters) — Asia's factories struggled for momentum in July as China's strict Covid restrictions and flagging global demand slowed production, although early signs red-hot inflation may be peaking provided some optimism for firms squeezed by prices.
(Reuters) — Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close.
(Reuters) — The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
(Reuters) — Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and revenue growth during Covid-19 lockdowns would be sustained.
(Press Release) — The monthly general membership meeting of the Saipan Chamber of Commerce will be held on Wednesday, Aug. 3, 2022, from 11:30 a.m. to 1 p.m. at the Kensington Hotel, Queens Hall.
NEW YORK (U.N. News Center/Pacnews) — Still reeling from the Covid pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on Tuesday by the International Monetary Fund.
NEW YORK (Reuters) — Investors are gauging whether the U.S. Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up risky positions again.
BANGKOK (Reuters) — Thai businesses are cashing in with cannabis-infused products like toothpaste, tea, soaps and snacks after the government legalized the plant and its extract this year, generating a wave of interest in the drug.
WASHINGTON (Reuters) — With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shift to how deeply signs of an economic slowdown have registered with its policymakers.
NEW YORK (Reuters) — As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long U.S. stock market rally that followed a vicious first-half selloff.
LONDON (Reuters) — Russia's cut in supplies through its main gas pipeline to Germany will leave countries unable to meet goals to refill storage and Europe's biggest economy faced with rationing industry to keep its citizens warm during the winter months.
HONG KONG (Reuters) — Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be another sharp U.S. interest rate hike.
WASHINGTON (Reuters) — Ahead of a crucial midterm election, President Joe Biden is leaning heavily on one man, moderate Republican and Federal Reserve Chair Jerome Powell, to tackle the top issue worrying voters: inflation.