Business News

(Reuters) — Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. The official selling price or OSP for July-loading Arab Light to Asia was hiked by…

(Reuters) — Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher Waller said on Friday. “The main issue in crypto-asset regulation isn’t how to protect sophistic…

WASHINGTON (Reuters) — U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand. The Labor Department’s closel…

(NMC) — Clear Water Place, Clear Water Residences, and Clear Water Hotel, are the latest companies 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 at a…

NEW YORK (Reuters) — A rally that lifted U.S. stocks from the brink of a bear market faces an important test this week, when consumer price data offers insight on how much more the Federal Reserve will need to do in its battle against the worst inflation in decades. Despite a rocky week, the S&…

(Reuters) — Delta Air Lines Inc and United Airlines on Wednesday played down the risk of a U.S. economic recession and said a switch in consumer spending to services from goods would keep their businesses humming. Delta also lifted its revenue forecast for the quarter through June despite trimming …

(Reuters) — Meta Platforms veteran Javier Olivan is taking over as the company’s chief operating officer after playing a crucial but largely behind-the-scenes role stoking the social media company’s explosive growth for 15 years. The Spaniard will replace Sheryl Sandberg, who announced …

LONDON (Reuters) — OPEC+ is working on making up for a drop in Russian oil output, two OPEC+ sources said on Thursday, as Russia’s production has fallen by around 1 million barrels per day as a result of Western sanctions on Moscow over Ukraine. One OPEC+ source familiar with the Russian posi…

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Tuesday that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden’s top priority and he supports the Federal Reserve’s actions to achieve that. Asked in a CNN…

(Reuters) — Stocks and bonds struggled in Asia on Wednesday while the U.S. dollar rose as investors worried about inflation and the hit that containing it with rate rises will bring to global growth. Shanghai emerged blinking from two months of lockdown but as data showed steep falls in factory act…