Business News

WASHINGTON (Reuters) — The U.S. Senate on Thursday advanced a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology, as Congress increasingly seeks to take a tough line against Beijing. Senators voted 68-30 to end debate on the $250 billion…

(Special Advertising Feature) —  Bank of Hawaii has announced that Zelle is now available to Guam and Saipan customers in its mobile banking app, bringing residents a fast, safe and easy person-to-person payment option. The release of Zelle on Guam and Saipan is the newest digital enhancement in Ba…

WASHINGTON (Reuters) — U.S. consumer confidence hovered at a 14-month high in May as optimism over jobs tempered concerns about rising inflation and diminishing government financial support. Though the survey from the Conference Board on Tuesday suggested the pace of economic growth remained robust…

WASHINGTON (Reuters) —Federal Reserve policymakers have begun to acknowledge they are closer to debating when to pull back some of their crisis support for the U.S. economy, even as they say it is still needed to bolster the recovery and employment. “We are talking about talking about taperin…

WASHINGTON (Reuters) — U.S. efforts to address competition with China progressed on Tuesday when the chairman of the House of Representatives Foreign Affairs Committee introduced sweeping legislation to boost economic competitiveness and push Beijing on human rights. Rep. Gregory Meeks introduced t…

BANK of Saipan president and chief executive officer John Z. Arroyo on Monday said within the next 60 days or so,  the bank will launch the next episode of “Dollars & Sense,” an animated series on financial literacy. On Monday, Bank of Saipan opened its new headquarters in Chalan Laulau on Beac…

WEST COVINA, Ca. (USDOL) — An Ontario logistics provider of warehousing and distribution services for the home fashion and apparel industry told workers to record only 8 hours of labor each day regardless of how many hours they actually worked — a finding of the U.S. Department of Labor affirmed by…

(Reuters) — President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge t…

SHANGHAI (Reuters) — Cryptocurrency miners, including HashCow and BTC.TOP, have halted all or part of their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny. A State Council committee led by…

THE Bank of Saipan on Monday opened its new headquarters at a renovated building that used to be the Hakubotan duty-free shop on Beach Road. The bank’s Garapan branch will be closed and operations will be performed at the new headquarters. The Rota and Tinian branches will continue to operate as us…