Business News

(Reuters) — Global sales and profit for McDonald’s Corp surged past Wall Street targets on Wednesday as restaurants reopened despite staffing shortages and consumers lapped up a wildly popular celebrity meal inspired by South Korean pop band BTS. The fast-food chain also raised its guidance f…

WASHINGTON (Reuters) — The Federal Reserve will conclude its latest policy meeting on Wednesday weighing the risks of a Covid-19 resurgence in the United States and a potentially slower economic recovery against a developing inflation threat that had been its main focus. Fed officials are expected …

OVER 140 businesses have expressed interest in being included in the Safe Travels Marianas program, according to Saipan Chamber of Commerce president Joseph Guerrero. “I think that the more businesses that we have registered as a safe place  would make our visitors and residents feel comfortable th…

(Reuters) — United Parcel Service Inc shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading. The company said second-quarter domestic volume fell 2.9%, with ground —  composed largely of e-commerce deliveries — dropping 4% versus t…

WASHINGTON (Reuters) — U.S. consumer confidence hovered at a 17-month high in July, suggesting the economy maintained its strong growth clip at the start of the third quarter. The Conference Board said on Tuesday its consumer confidence index was little changed at a reading of 129.1 this month, the…

WASHINGTON (Reuters) — The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for a number of developing countries struggling with surging Covid-19 infections. The di…

CHICAGO (Reuters) — Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising…

(NMC) — Fishing Tackle and Sporting Goods 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 20% discount on all regularly priced items (items on…

WASHINGTON/SAN FRANCISCO (Reuters) — A U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from sorting out its problems, may be headed for more inflation-inducing …

NEW YORK (Reuters) — The rally on Wall Street faces a fresh test next week with a flood of earnings reports from major U.S. companies, including the tech and internet behemoths that have recently retaken leadership of the market. More than one third of the S&P 500 is set to report quarterly res…