Business News

(Office of the Governor) — The Governor’s State Workforce Development Board convened on March 11, 2022 under the leadership of the newly appointed chairperson, Velma Palacios.  A part of the agenda included the continued eligibility of Northern Marianas College, Guam Marianas Training Center, and t…

(Office of the Governor) — The CNMI Department of Labor-Workforce Investment Agency held business engagement-information sessions on March 2 in Tinian and March 8 in Rota.  Members of the business community, from both public and private sectors, received information on services from the Workforce I…

GRUENHEIDE, Germany (Reuters) — Elon Musk presided over the delivery of Tesla’s first German-made cars to clients at the carmaker’s 5 billion euro ($5.5 billion) Gruenheide plant on Tuesday, marking the start of the U.S. company’s inaugural European hub and the biggest investment …

MILAN (Reuters) — Stock markets around the world dipped on Monday as fighting in Ukraine raged on with no sign of a ceasefire even as negotiations continued, while Brent crude prices climbed above $110 a barrel as supplies remained tight. Turkey’s foreign minister said on Sunday that Russia a…

NEW YORK (Reuters) — Cash savers are between a rock and a hard place right now. Interest rates on typical places to stash money, like savings accounts, are near all-time lows. Meanwhile, inflation rates are the highest they have been in decades — consumer prices in the United States surged in Febru…

(Reuters) — Federal Reserve Chair Jerome Powell has often pointed to the months before the pandemic as a heyday for the U.S. economy, and he is counting on an across-the-board return to economic conditions circa 2019 to help win a fight against high inflation without sparking higher unemployment. I…

(Society for Human Resource Management) — The SHRM CNMI chapter will host a general membership meeting in the Regency Ballroom of the Hyatt Regency Saipan on Wednesday, March 30, 2022, starting at 12 noon. Doors will open at 11:15 a.m. This meeting will feature a presentation on creating a safe, vi…

DUBAI (Reuters) — Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 profits. Oil prices leapt 50% last year as demand recovered from the Cov…

NEW YORK (Reuters) — Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence. Following a months-long drubbing, the S&P 500 delivered its best weekly ga…

WASHINGTON (Reuters) —  The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive …