Business News

BENGALURU (Reuters) — The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next year is 40%. With the unemployment rate near a rec…

OTTAWA (Reuters) — Canada has an ambitious plan to double the pace of homebuilding within a decade but the first big challenge is finding enough skilled workers, as the country grapples with the tightest labor market on record and with construction already at a multi-year high. Building more homes …

NEW YORK (Reuters) — Amazon.com Inc on Friday called for an election re-run after workers at a New York City warehouse voted to create the company’s first U.S. union, saying that the U.S. labor board and worker-organizers suppressed turnout. The Amazon Labor Union rejected the allegations mad…

(Reuters) — Elon Musk, Twitter Inc’s biggest shareholder, on Saturday suggested a raft of changes to the social media giant’s Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin. Musk, wh…

(Press Release) — At the Saipan Chamber of Commerce’s general meeting on April 6, 2022, the Governor’s Council of Economic Advisers Co-Chairmen Gov. Ralph DLG Torres and Jerry Tan, along with Domestic Policy Committee Chairman Mike Sablan, presented their 2021 Annual Report to the chamber membershi…

(NMC) — Mariana Lighthouse 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 15% discount (not applicable on special promotions or other discoun…

(NMC) — In its efforts to promote sustainability in the Marianas, the CNMI Small Business Development Center at the Northern Marianas College in partnership with the CNMI Department of Lands and Natural Resources-Division of Agriculture and the CNMI Department of Commerce provided assistance to loc…

The American Red Cross recently conducted outreach at Joeten Super Store during two Friday events. At the outreach, volunteers talked with customers about disaster preparedness and provided informational materials. Joeten Superstore provided free tarps as give-a-ways to encourage residents to be re…

HAGÅTÑA (The Guam Daily Post) — Five airlines so far have applied for a chance at a $100-per-seat subsidy under the Guam Visitors Bureau’s restarted airline incentives program that has a budget of $1.7 million for April. This was among key topics at Tuesday’s meeting of GVB’s Air …

THE Hotel Association of the Northern Mariana Islands reported 21% average occupancy rate among its 12 member hotels for March 2022, compared to 7.25% average occupancy in March 2021. A total of 9,655 of 41,093 available room nights sold during March 2022, compared to 2,495 of 34,421 available room…