Business News

(Reuters) — Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal foundry in Bremen, Indiana, 14 workers quit in the last two weeks — over 7% of its total workforce and an unpreceden…

NEW YORK (Reuters) — Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth. Wild moves have been the norm i…

TOKYO (Reuters) — A senior member of Japan’s ruling coalition said on Saturday the government should compile economic stimulus measures to address soaring energy and food costs. Natsuo Yamaguchi, head of Komeito, the junior partner in Prime Minister Fumio Kishida’s coalition, said the m…

(MVA) —  According to the Marianas Visitors Authority, arrivals to Saipan, Tinian and Rota grew 785% percent to 2,052 visitors in January 2022, compared to 232 visitors received in January 2021. While  the figure   shows  a  marked recovery in arrivals   as  a  result   of the Tourism Resumption  I…

(NMC) — Coral Ocean Resort Saipan 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: • An exclusive special room only rate of $149 (tax inclusive)…

NEW YORK (Reuters) — Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve would hike key interest rates at the conclusion of next week’s monetary policy meeting to prevent the economy from overhe…

(Reuters) — Wall Street’s main indexes rallied on Wednesday as investors piled into banking and technology sectors that have suffered sharp losses this week on concerns about the fallout from the Ukraine crisis, with sentiment lifted by a fall in oil prices. Ten of the 11 major S&P sector…

WASHINGTON (Reuters) — U.S. job openings fell in January, but remained near record highs as worker shortages persist, a report showed on Wednesday. Job openings, a measure of labor demand, dropped 185,000 to 11.263 million on the last day of January, the Labor Department said in its monthly Job Ope…

NEW YORK (Reuters) — McDonald’s Corp said on Tuesday it would temporarily close all 847 of its restaurants in Russia including its iconic Pushkin Square location, increasing pressure on other global brands to pause operations in the country following Moscow’s invasion of Ukraine. The cl…

THE Hotel Association of the Northern Mariana Islands reported 24% average occupancy rate among its 12 member hotels for February 2022, compared to 5% average occupancy in February 2021. A total of 9,767 of 41,093 available room nights sold during February 2022, compared to 1,853 of 34,849 availabl…