Business News

(Reuters) — Tesla CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth of Tesla shares this week was “closer to tax maximization than minimization.” Musk was responding to a Twitter commenter who said Musk would end up with more Tesla shares if he sold options i…

TOKYO (Reuters) — Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening. Nominal U.S. Treasury yields shot higher, wit…

SYDNEY (Reuters) — As closed borders intensify a skills shortage, demand for Australian mergers and acquisitions lawyers is so high that firms are offering sign-on bonuses for the first time in 15 years and have nearly doubled recruiting fees. Firms are also reviewing salaries twice a year and have…

(Reuters) —  For all the central bank assurances about the inflation spike being transitory, investors are struggling to look past the biggest annual rise in U.S. inflation in 31 years. A stampede for inflation-protected Treasuries sent 10-year yields on such securities to new record lows below -1.…

THE CNMI  Small  Business  Development  Center  invites  you  to  register for a free virtual training on “How to Write a Business Plan” slated for Friday, November 12, 2021 from 2:00pm-4:00pm. In this training, participants will learn the Three “M’s” of a Business Plan: Mon…

MARIANAS Medical Center and Pacific Labs LLC. 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 a 10% discount (except for medication and any rela…

THE Hotel Association of the Northern Mariana Islands reported 33 percent average occupancy rate among its 11 member hotels for October 2021.  The figure is over seven times higher compared to October 2020, with 14,074 room nights sold this October compared to 2,118 rooms last October. The occupanc…

FOR the fourth consecutive year, Bank of Guam has earned MarCom Awards in marketing and communications excellence, for which there were 6,000 entries from submissions in 41 countries for the 2021 MarCom International Awards Competition. The Association of Marketing and Communications Professionals,…

(Reuters) — The U.S. Federal Reserve looks at a wide range of indicators in gauging how close the economy is to reaching full employment, Fed Chair Jerome Powell said on Tuesday, as he reiterated the benefits of targeting workers who often remain on the sidelines. “When we assess whether we a…

WASHINGTON (Reuters) — U.S. producer prices increased solidly in October, driven by surging costs for gasoline and motor vehicle retailing, suggesting that high inflation could persist for a while amid tight supply chains related to the pandemic. The producer price index for final demand rose 0.6% …