Business News

HONG KONG (Reuters) — The world’s biggest casino hub of Macau will shake up its casino regulator by more than doubling the number of gaming inspectors and restructuring several departments in its latest move to ramp up supervision. The executive council that advises Macau’s chief execut…

HONOLULU, Hawaii (BoH) — In light of President Biden signing legislation on Thursday, June 17 establishing Juneteenth, or June 19, as a new Federal holiday, Bank of Hawaii will be giving each of its employees a floating holiday. “Juneteenth is a symbolic day, one that is culturally important to so …

(Reuters) — Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank’s benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength. “The vast majority of America…

NEW YORK (Reuters) — The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Shares of banks, energy firms and other companies that tend to be sensitive to the …

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits increased last week for the first time in 1-1/2 months, but layoffs are easing amid a reopening economy and a shortage of people willing to work. While other data on Thursday showed factory activity in the mi…

(Press Release) — This Saturday, PIC waterpark is back to celebrate the summer with you! From June 19, PIC is resuming full-scale waterpark, including pools, Giant Slide, Point Break, and Lazy River! From 10 a.m. to 6 p.m., bring your family to water up with PIC! Pools, including main pool, lap poo…

(Reuters) — Federal Reserve officials, increasingly confident the U.S. economy is recovering fast from the pandemic-induced recession, have begun telegraphing an exit from the central bank’s extraordinarily easy monetary policy that so far is smoother and signaled to be speedier than when the reins…

WASHINGTON (Reuters) — U.S. import prices increased more than expected in May as the cost of petroleum products rose and supply chain bottlenecks boosted prices of other goods, adding to signs that inflation was heating up amid a reopening economy. Import prices rose 1.1% last month after gaining a…

WASHINGTON (Reuters) — Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the U.S. central bank put in place at the onset of the coronavirus pandemic last year. With U.S. inflation rising faster tha…

DETROIT (Reuters) — General Motors Co. on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits. The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, a…