Business News

(Reuters) — Netflix Inc shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. The streaming pioneer’s shares fell…

LONDON (Reuters) — OPEC+ produced 1.45 million barrels per day or bpd below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed. Russia produced about 300,000 bpd below its target in …

(Reuters) — Twitter Inc co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late on Monday as it weighs Elon Musk’s $43 billion takeover offer. Dorsey, who is also a Twitter board member, added to the chatter on the micro-blogging platform last week…

(Press Release) — House Health and Welfare Committee Chairwoman Tina Sablan introduced legislation Tuesday afternoon  that seeks to raise the minimum wage by $0.55 increments within 120 days of its passage, and every year thereafter until the minimum  wage is $10 per hour. The incremental increase …

(NMC) — As part of its efforts to promote local entrepreneurs, the CNMI Small Business Development Center Network will be hosting a Small Business Night featuring new and upcoming local entrepreneurs and their products and services. The community is invited to attend. The event, held in collaborati…

(Reuters) — Elon Musk tweeted “Love Me Tender,” an Elvis Presley song, a day after Twitter Inc adopted a “poison pill” to protect itself from the billionaire’s $43 billion cash offer to buy the social media company. After Musk’s TED talk on Thursday, he hinted at…

WASHINGTON (Reuters) — With soaring interest rates scaring off would-be mortgage borrowers, the outlook for banks’ home lending portfolios is gloomy, according to first quarter filings and analysts. The average interest rate on a 30-year fixed-rate mortgage, the most popular home loan, rose t…

(Reuters) — Texas will halt enhanced inspections of trucks arriving from Mexico after reaching an agreement with the last of four neighboring Mexican states, Gov. Greg Abbott said on Friday, a move expected to alleviate costly, long backups over the past week. The agreement calls for the Mexican st…

(Reuters) — Elon Musk, Twitter’s newest big shareholder, could alter the course of the social media company as management battles a set of proxy proposals focused on topics from civil rights to politics at its upcoming annual meeting, shareholder activists and corporate governance experts sai…

NEW YORK (Reuters) — U.S. stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation could dent economic growth are heading for defensive sectors they believe can better weather turbulent times and tend to offer strong dividends. The healthcare, utiliti…