Business News

(Reuters) — Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin, the world’s biggest and best-known cryptocurrency, was last down 1.5% at $19,946 on Saturday, down $298 from its previous close. It is down 58.7% from the yea…

(Reuters) — Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell’s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. The Nasdaq led declines among the…

(Reuters) — U.S. new vehicle prices are expected to hit a record high in August on the back of strong demand despite rising interest rates, an industry report showed on Wednesday. Average transaction prices are set to reach a record $46,259, an 11.5% increase from a year earlier, according to the r…

(NMC) — Stay Cafe 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 all beverages. Stay Cafe joins the growing list of ProaPerks…

HONG KONG (Reuters) — Asian share markets were broadly positive while the dollar was slightly weaker on Thursday, with investors nervously awaiting the U.S. Federal Reserve’s annual Jackson Hole conference for clues on how sharp future interest rate hikes might be. MSCI’s broadest index…

WASHINGTON (Reuters) — New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending this quarter. The report from the Commerce Department on Wednesday also showed solid gains in shipments of these good…

SINGAPORE (Reuters) — Asian stock markets slipped for an eighth straight session on Wednesday, and the dollar loomed large as fresh hawkish comments from a Federal Reserve official kept investors cautious ahead of this week’s Jackson Hole symposium. Minneapolis Federal Reserve Bank President …

(Reuters) — With euro zone business activity contracting for a second straight month in August, though slightly less than expected, investors are not in any mood to price in a potential upside. Surveys on Tuesday showed that the global economy is increasingly at risk of sliding into recession, with…

LONDON (Reuters) — Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high, data showed on Wednesday. Oil and gas firms, including state-controlled giants in Latin Amer…

(Reuters) — Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1%, to $97.41 a barrel by 0328 GMT, after a choppy…