Business News

(Reuters) — President Joe Biden’s top aides are pressuring OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices that they see as a threat to the global economic recovery. Biden’s national security adviser Jake Sullivan criticized the worl…

WASHINGTON (Reuters) — U.S. consumer prices increases slowed in July even as they remained at a 13-year high on an annual basis, but there were tentative signs inflation has peaked as supply-chain disruptions work their way through the economy. The consumer price index increased 0.5% last month aft…

(Reuters) —  Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes. Atlanta Federal Reser…

TOKYO (Reuters) — Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising Covid-19 cases and restrictions in China will dent fuel demand. Brent crude was up by 29 cents, or 0.4%, at $69.33 a barrel by 0359 GMT, a…

HAGÅTÑA (The Guam Daily Post) — Claire Mariano, 36, was wary about getting the Covid-19 vaccine, having heard claims it was risky, even as health experts said it’s safe. “I honestly don’t want to get the vaccine. I don’t feel like I should get it, as long as I watch my dista…

(NMC) — The Pacific Supply 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 5% discount. The NMC ProaPerks program provides exclusive discounts…

(MVA) — The Marianas Visitors Authority has created five ad hoc committees  to evaluate the feasibility of travel resumption from major sources markets. The MVA board of directors voted on Friday, Aug. 6, to create ad hoc committees for Japan, Taiwan, Hong Kong, Australia, and Korea, which already …

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen on Monday again urged Congress to raise the U.S. debt limit through bipartisan action as the federal government moves closer to exhausting its borrowing capability, warning of economic harm. The move would not increase government spending …

HONOLULU, Hawaii (Joint Press Release) — Prompted by an alarming increase in Covid-19 cases, Bank of Hawaii, First Hawaiian Bank and Territorial Savings Bank have announced that effective Sept. 30, they will require employees to show proof of full vaccination or undergo weekly Covid-19 testing. Und…

WASHINGTON (Reuters) — U.S. consumer credit grew at the fastest rate ever in June, as Americans increased their credit card usage to drive consumer spending in the second quarter, data from the Federal Reserve showed on Friday. Total consumer credit expanded at a pace of $37.69 billion, which was t…