Business News

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 …

NEW YORK (Reuters) — The U.S. Treasury yield curve flattened further on Wednesday, as the Federal Reserve increased interest rates for the first time in three years and set out a path of tighter monetary policy to fight unabated inflation. The shape of the yield curve is a key metric investors watc…

WASHINGTON (Reuters) — Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order in the longer term, the International Monetary Fund or IMF said on Tuesday. Beyond the human sufferin…

ON Feb. 18, 2022, the CNMI Apprenticeship State Expansion or ASE Program was approved for another year by the U.S. Department of Labor, Employment and Training Administration. The no-cost extension was awarded for performance until June 30, 2023. Initially, the grant awarded to the CNMI Department …

WASHINGTON (Reuters) — Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo since Randal Quarles stepped down as vice chair for supervision in October. A Fed controlled by Democrats …

WASHINGTON (Reuters) — Sarah Bloom Raskin’s nomination to become the top bank regulator at the Federal Reserve, already stalled by Republicans, was dealt a heavy blow on Monday after she lost the backing of a senator from President Joe Biden’s Democratic Party. Raskin’s “pre…

BANK of Guam is honored to announce they’ve been awarded Gold honors by the 2022 International AVA Digital Awards for Corporate Social Responsibility Messaging. Their video, Founder’s Day of Giving, highlights the spirit of their founder, Jesus S. Leon Guerrero, as employees and community partners …

(Reuters) — U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve’s two-day meeting where policymakers are widely expected to raise interest rates. Nine of the 11 major S&P sectors advanced in early trading, with tec…

NEW YORK (Reuters) — Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures fell $1.82, or 1.6%, to $110.85 a barrel by 6:47 p…

WASHINGTON (Reuters) —  In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve officials rallied around the view they could tame inflation with modest interest rate hikes while the economy and labor market thrived. A war in Europe has now been …