Business News

NEW YORK (Reuters) — As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry that so-called quantitative tightening may weigh on the economy and make this year even more brutal for stocks and bonds. After roughly doubling its balance sheet to $9 trilli…

(Reuters) — Asian stocks made broad gains on Thursday, extending an overnight global rally, while oil prices steadied at levels not seen since before Russia’s invasion of Ukraine. Japan’s Nikkei share average jumped 1.96% in early trading. MSCI’s broadest index of Asia-Pacific sha…

(NMC) — Bistro Marianas Restaurant and Bar is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can now receive a 10% discount on any purchase. In addition, the venu…

WASHINGTON (Reuters) —  Federal Reserve officials on Wednesday said they still aren’t convinced the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank’s aggressive interest rate increases. “We are in this for as long as it tak…

CONCHAGUA, El Salvador (Reuters) — A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built — a circular metropolis powered by a volcano — is still dense jungle. President Nayib Bukele had promised that “Bitcoin…

(HANMI) — The Hotel Association of the Northern Mariana Islands reported a 33% average occupancy rate among its 12 member hotels for August 2022, compared to 12% average occupancy in August 2021. A total of 15,076 of 45,317 available room nights sold during August 2022, compared to 4,281 of 36,759 …

(Reuters) — Bad things tend to happen in world markets when Japan’s yen registers wild swings and its latest freefall against the supercharged U.S. dollar leaves many feeling uneasy. With U.S. economic soundings still strong enough to keep the Federal Reserve talking tough on its inflation fi…

LONDON (Reuters) — The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do little to stop the euro’s slide. The euro on Monday fell below $0.99 for the first time since late 2…

(Reuters) — Liz Truss will see Queen Elizabeth at Balmoral Castle Tuesday morning to form her government. She does so with energy prices soaring and her narrow victory in the Conservative Party’s leadership vote extending a record meltdown in the gilt market. The next few weeks are crucial if…

HONG KONG (Reuters) — Asian shares largely wiped out morning gains on Tuesday afternoon, as investors remained cautious ahead of a European Central Bank meeting this week while also watching out for fallout from Russia’s gas cut. U.S. stocks are set to open higher on Tuesday after Monday̵…