Business News

(Reuters) — U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance this year in nearly four decades. The United States’ economy is rebounding more quickly co…

(Reuters) — U.S. farmer Rob Arkfeld was vacationing on a sandy beach in Mexico’s Riviera Maya when he won an online auction to rent 535 acres of cropland back home in Iowa by bidding nearly double the local average for each acre. While sipping a drink and swiping his smartphone, the 48-year-o…

MANGILAO (University of Guam) — Individuals throughout Micronesia with the dream of starting their own business will have an opportunity to get their idea off the ground at the three-day Startup Weekend Micronesia Online event happening this weekend from April 30 to May 2.  The event is being hoste…

WASHINGTON (Reuters) — The U.S. economy has had a steady run of good news in recent months, with job gains accelerating as businesses reopen and forecasters projecting that 2021 will see the strongest GDP growth in decades. But the Federal Reserve has shown no sign that there has been enough progre…

LONDON (Reuters) — World shares cozied up close to record highs and the dollar and global bond yields nudged up on Wednesday, as traders waited to see if the U.S. Federal Reserve utters the dreaded “T” word later — tapering of its mass stimulus program. The broad expectation is that it …

SEOUL (Reuters) — The family of late Samsung Electronics Co Ltd Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won ($10.8 billion) in inheritance tax for his estate and donate his vast private art collection to state curators. Lee, who is credited with transforming Samsung in…

(Reuters) —  Spotify launched on Tuesday a paid subscription platform for podcasters in the United States and plans to expand in other regions in the coming months, a week after Apple unveiled a similar service. A podcaster could mark episodes as subscriber-only and publish them on Spotify and othe…

(Reuters) —  As the U.S. economic recovery builds momentum, Americans will need to brace for a burst in prices of everything from airfare to lumber, cars to diapers. U.S. central bankers, charged with keeping prices steady along with getting the economy to full employment, say the pain will soon pa…

WASHINGTON (Reuters) —  President Joe Biden on Tuesday will continue his push for a national $15 minimum wage with an executive order that raises pay to at least that level for hundreds of thousands of federal contract workers, according to senior White House officials. The move will increase the c…

WASHINGTON (Reuters) — New orders for key U.S.-made capital goods rose solidly in March and shipments surged, cementing expectations that economic growth accelerated in the first quarter as massive government aid and improving public health boosted demand. The report from the Commerce Department on…