Business News

(Reuters) — Federal Reserve Gov. Lael Brainard on Tuesday said she expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy to a “more neutral position” later this year, with further tightening to follow as needed. &#…

(Reuters) — Amazon.com Inc has secured 83 rocket launches over five years to put together a satellite constellation, called Project Kuiper, to beam broadband internet, the e-commerce giant said on Tuesday, as it looks to take on Elon Musk-owned SpaceX’s Starlink. The deals were inked with Eur…

9-ELEVEN Resto Bar, which serves a variety of food and drinks, has opened a new branch on Beach Road in Garapan near the former Tony Roma’s/Capricciosa restaurants. The bar’s manager, Edwin Maratas, said one of their bands,  Groove Theory, will perform nightly in Garapan while another band, Kwerdas…

(Reuters) — The Nasdaq and the S&P 500 gained on Monday, boosted by megacap stocks and a 20% jump in Twitter shares, even as the global mood remained cautious amid talks of more sanctions against Russia over its invasion of Ukraine. Micro-blogging site Twitter Inc surged 24.1% to become the bes…

TRIPLE J is proud to announce the recent hiring of Richard “Conno” Pierce as the executive chef of the Triple J Restaurant Group in the CNMI. Chef Conno will assume leadership duties of Triple J’s restaurant, hotel and commercial kitchen operations and help lead the restaurant group in a new direct…

(Reuters) — Tesla Inc top boss Elon Musk revealed a 9.2% stake in Twitter Inc, worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging site and triggering a more than 20% rise in its shares. Musk’s move comes close on the heels of his tweet that he was giving …

MEXICO CITY (Reuters) — Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans drive south to fill their tanks. The suspension of the subsidy from April 2-8 covers cities…

TOKYO (Reuters) — Japan may expand a subsidy program for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday. The measure will be part of a fresh relief package which Japanese Prime Minister Fumio Kishida ordered his cabinet…

(Reuters) — The coronavirus pandemic’s grip on the U.S. job market notably loosened in March, two years after a state of emergency was declared, as the number of people homebound by Covid-19 concerns hit a new low and fewer people reported having to work remotely. In all, the government’…

WASHINGTON (Reuters) — President Joe Biden on Thursday will launch the largest release ever from the U.S. emergency oil reserve to try to bring down gasoline prices that have soared during Russia’s war with Ukraine, the White House said. Starting in May, the United States will release 1 milli…