Business News

THE CNMI chapter of the Society for Human Resource Management will host a general membership meeting in the Regency Ballroom of Hyatt Regency Saipan on Wednesday, Feb. 23, 2022, starting at 12 noon. Doors will open at 11:15 a.m. This meeting will feature a presentation regarding mental health in th…

(Reuters) — The interest rate on the most popular U.S. home loan surged by the most in nearly two years last week, shooting above the 4% level for the first time since 2019 as financial markets anticipate that the Federal Reserve will respond to the highest inflation in a generation with an aggress…

WASHINGTON (Reuters) — U.S. retail sales rebounded sharply in January amid a surge in purchases of motor vehicles and other goods, but higher prices could blunt the impact on economic growth this quarter. Data for December was, however, revised sharply lower, taking some shine off last month’…

WASHINGTON (Reuters) — The U.S. Federal Reserve should tighten monetary policy soon and decisively to head off what could become “quite persistent” inflation, World Bank chief economist Carmen Reinhart told Reuters in an interview. Reinhart, who has been warning for some time that suppl…

SAN FRANCISCO (Reuters) — Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with the U.S. Securities and Exchange Commission showed on Monday. The donation was worth $5.74 billi…

THE Marianas Alliance of Non-Governmental Organizations or MANGO and its federal partners are pleased to announce two  free virtual webinars open to the CNMI public: 1) EEOC Webinar on Vaccine Accommodations, Retaliation, and Interface Friday, Feb. 18, 2022, at 9 a.m., Chamorro Standard Time The U.…

DETROIT (Reuters) — Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The U.S. automaker will idle production at its Ohio Assembly Plant as well as the production line for the Transit van at its Kansas C…

(Reuters) — The unprecedented level of job switching seen last year as the U.S. labor market rebounded from the pandemic gave workers more leverage to ask for better pay and played a role in pushing inflation to its highest level in decades, a new study suggests. An increase in the share of people …

FRANKFURT (Reuters) — European Central Bank President Christine Lagarde faces a backlash in the European Parliament on Monday from conservative lawmakers criticizing the ECB’s green strategy as a “distraction” from its duty to tame inflation. Lagarde has made joining the fight aga…

NEW YORK (Reuters) — Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on U.S. asset prices over the longer term. Reports of risin…