Business News

DENVER (Reuters) — As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. Benchmark U.S. prices last week topped $93 a barrel, up aroun…

(HANMI) — The Hotel Association of the Northern Mariana Islands reported 22% average occupancy rate among its 12 member hotels for January 2022, compared to 6% average occupancy in January 2021. “January occupancy rates are a sharp drop from 35% average occupancy in December, and this is due to the…

WASHINGTON (Reuters) — The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. While the circumstances were unu…

(Reuters) — A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto Market Integrity Coalition, w…

(Reuters) — Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to …

WASHINGTON (Reuters) — The U.S. economy created far more jobs than expected in January but despite the disruption to consumer-facing businesses from a surge in Covid-19 cases, pointing to underlying strength that should sustain the expansion as the Federal Reserve starts to raise interest rates. Th…

(Reuters) — Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the ne…

TOKYO (Reuters) — Japan needs about four times more foreign workers by 2040 to achieve the growth path the government has outlined in its economic forecast, a group of Tokyo-based public think tanks said on Thursday. The findings highlight a growing Japanese reliance on migrant labor to make up for…

ON Feb. 25, 2022, the CNMI Department of Labor will host a virtual Career Fair. The theme for this year’s Career Fair is “Explore, Expand, Empower.” The virtual career fair is an outreach opportunity intended to provide current and prospective job seekers and entrepreneurs with vital career resourc…

WHEN you dine in Bistro Marianas Restaurant & Bar at its new location in Garapan (the former Moby Dick Restaurant), don’t be surprised if you feel at home. You may even find yourself surrounded by familiar faces — family members, friends, co-workers or neighbors. Bistro Marianas is the ne…