Business News

(Reuters) — Federal Reserve officials meet this week faced with ongoing tension between their two main goals, as inflation rises faster than expected even with millions of Americans still unemployed more than a year after the onset of the coronavirus pandemic. In a new policy statement and economic…

(Governor’s Council of Economic Advisers) — Tasi Tours & Transportation Inc. president Hiroari Kamimori met with Gov. Ralph DLG Torres on  Friday, June 11, and assured the CNMI government of the company’s support in rebuilding the tourism industry of the Marianas. Kamimori took the helm of the …

(MVA) —  Elected and business leaders of Tinian are the latest to join the Hafa Adai & Tirow Pledge program, vowing to help promote the indigenous Chamorro and Carolinian cultures of the Marianas. On Friday, June 11, Mayor of Tinian and Aguigan Edwin P. Aldan led 14 other individuals in a pledg…

(Reuters) — Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade. Of the top 10 stocks trending on trading-focused social media site Sto…

LONDON/SINGAPORE (Reuters) — Bitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to…

PAGO PAGO (SRNZ Pacific/Pacnews) — Workers at American Samoan tuna cannery StarKist are bracing for a one shift per day operation for the rest of the month.  There are normally two shifts per day, but there’s been a shortage of fish and employees to process them. Workers have vented on social…

CARBIS BAY, England (Reuters) — The Group of Seven richest democracies sought on Saturday to counter China’s growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping’s multi-trillion-dollar Belt and Road initiative. The G7, whose lead…

NEW YORK (Reuters) — Investors will be zeroing in on the Federal Reserve’s monetary policy meeting this week as a “Goldilocks” market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation. Stocks have climbed steadily in recent we…

SAN SALVADOR (Reuters) — The young president of small Central American nation El Salvador leapt to worldwide fame this week after his country became the first in the world to adopt bitcoin as legal tender, but Nayib Bukele is no stranger to controversy. Cryptocurrency fans across the globe celebrat…

(Press Release) — Docomo Pacific, regional leader in innovation, telecommunications, & entertainment commemorates the anniversary of the Covid-19 pandemic with a special campaign. In March 2020, the coronavirus outbreak reached pandemic levels.  The virus threatened our community and lockdowns …