Business News

(Reuters) —  Though much more optimistic about U.S. economic growth and unemployment than just a few months ago, Chicago Federal Reserve Bank President Charles Evans on Wednesday reiterated his worries about reaching the Fed’s 2% inflation goal and said he expects monetary policy to stay supe…

(SCC) — Mobil Oil Marianas who has signed on as 2021 “Over Easy” Sponsor of the SCC Two-Man Scramble Scholarship Golf Tournament! The Saipan Chamber of Commerce is humbled by the continued support from the local business community in supporting students seeking higher education in our islands throu…

SINGAPORE (Reuters) — Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants. A day after blowing past $3,000 for the first time, ether, the token traded over the ethereum bl…

SAN FRANCISCO (Reuters) — U.S. businesses have been spending more on technology than on bricks and mortar for more than a decade now, but the trend has accelerated during the pandemic, one more sign that working from home is here to stay. As spending on home-building has risen, spending on nonresid…

WASHINGTON (Reuters) — U.S. manufacturing activity grew at a slower pace in April, likely constrained by shortages of inputs amid pent-up demand unleashed by rising vaccinations and massive fiscal stimulus. The Institute for Supply Management or ISM said on Monday its index of national factory acti…

(Reuters) — Verizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Despite spending more than a decade and billions of dollars building a stable of intern…

(Reuters) —  EBay Inc is looking at new payment options for customers, including cryptocurrency, Chief Executive Officer Jamie Lannone said in a CNBC interview on Monday. The e-commerce firm is also exploring ways to get in to the business of non-fungible tokens or NFTs, Lannone said. An eBay sign …

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade. “It’s spread out quite evenly over eight to …

(NMC) —  Northern Marianas College’s Cooperative Research, Extension, and Education Services was recently awarded a $197,690 two-year grant to train personnel to improve Forktail Rabbitfish production in the CNMI and the Micronesian region. This project will improve the supply of Rabbitfish fingerl…

WASHINGTON (SBA) — Administrator Isabella Casillas Guzman  announced that the U.S. Small Business Administration began registrations on Friday, April 30, 2021, at 9 a.m. EDT and will open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application…