Business News

WASHINGTON (Reuters) — U.S. private employers hired the fewest workers in two years in April amid persistent labor shortages and increasing costs, which are hitting small businesses the hardest, raising the possibility that overall job growth slowed last month. That was reinforced by a separate sur…

(NMC) — The CNMI Small Business Development Center at Northern Marianas College will be hosting another small business night featuring new and upcoming local entrepreneurs and their products and services. The community is invited to attend. The event, held in collaboration with NMC’s Office Student…

WASHINGTON (Reuters) — U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high. The Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS report, on Tu…

HAGÅTÑA (The Guam Daily Post) — With Guam tourism raring to go after a pandemic hibernation, more venues and events are resuming — including the festive Wednesday Night Market at the CHamoru Village, as well as the return of free trolley rides for all. Effective today, the indoors mask mandate was …

RAROTONGA (NZ Herald/RNZ Pacific/Pacnews) — The Cook Islands needs more direct flights to restart the tourism industry and hundreds more workers but New Zealand’s travel requirements are slowing the process to bring in more workers. Although travel restrictions are loosening, Cook Islands tou…

NEW YORK (Reuters) — The Federal Reserve’s well-telegraphed plan to hike interest rates by half a percentage point on Wednesday and start reducing its balance sheet has failed to ease inflation and growth worries, prompting bond investors to seek safety by adjusting the duration of their port…

WASHINGTON(Reuters) — U.S. manufacturing activity slowed for a second straight month in April, but supply bottlenecks appeared to be easing, with the pace of increase in prices for inputs and the backlog of unfinished work at factories moderating. The Institute for Supply Management or ISM said on …

OMAHA, Neb. (Reuters) — Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway Inc’s own businesses. Inflation has surged in the United States, hitting a new 40-y…

NEW YORK (Reuters) — A volatile stock market faces a critical test this week, when the U.S. Federal Reserve is expected to raise interest rates and give more insight on its plans for tightening monetary policy to fight surging inflation. Worries over an increasingly hawkish Fed have helped drag the…

HAGÅTÑA (The Guam Daily Post) — There’s a shortage of automotive technicians on island and Guam Community College is working to fill the void, as it educates students despite Covid-19 pandemic challenges. “Right now, there is a need. I was just talking to one service manager in an advisory committe…