Business News

WASHINGTON (Reuters) — The White House is considering a wide ranging oversight of the cryptocurrency market to combat the growing threat of ransomware and other cybercrimes, a spokeswoman said on Friday. “The NSC and NEC are coordinating across the interagency to look at ways we can ensure th…

(Reuters) — An apparent truce in the U.S. debt-ceiling standoff in Congress has offered some relief to Wall Street investors on edge about a possible debt default, but analysts are left assessing the risk of a repeat crisis as the year closes out. The heads of major banks and financial institutions…

HAGÅTÑA (IHFG) — I Hagan Famalåo’an Guåhan Inc. has launched the project, I Metkao Famalao’an Guahan Para Sinestienen Ekunomiha (The Women of Guahan’s Marketplace for a Sustainable Economy), which aims to strengthen indigenous women’s economic capacity with three objectives: creating a virtual coop…

(MVA) —  The  Marianas  Tourism  Education  Council and the Marianas Visitors Authority kicked off their annual school presentations on tourism with students at Dr. Rita S. Inos Jr./Sr. High School on Monday, Oct. 4. Thirty-seven students representing the entire 10th grade of the school joined the …

(NMC) — Chelu Alynez Enterprise 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 (not valid with any other discount.) Chelu Alynez…

LONDON (Reuters) — Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+’s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally. The market later unwound those gains due to an American Petroleum Institute or API re…

LONDON (Reuters) — The dollar rose on Wednesday amid jitters that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening. The Reserve Bank of New Zealand lifted its official cash rate for…

(MVA) —  A beach cleanup and culture presentations kicked off and a sunset fun run closed out the celebration of World Tourism Day in the Marianas on Sept. 27, 2021. The Japanese Society of the Northern Marianas, Saipan Keepers CNMI, Miss Marianas Savannah Delos Santos, and the Marianas Visitors Au…

WASHINGTON (Reuters) — Facebook whistleblower Frances Haugen will appear before the U.S. Congress on Tuesday, where she is set to sharply criticize her former employer as “one of the most urgent threats” facing the country, and to demand transparency about its operations. Haugen, a form…

(USDOL) —  A Saipan dry food, spice and canned food wholesaler paid four workers a fixed, “off-the-books” cash salary that dropped their regular hourly wage below the required federal $7.25 minimum wage rate, and denied them overtime when they worked more than 40 hours in a workweek, a federal inve…