Business News

NEW YORK (Reuters) —  A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a massive spending package navigating political obstacles and the speed of any benefits filtering into the economy stand to temper any enthusiasm. A …

(Reuters) —  Tesla Inc customers can now buy its electric vehicles with bitcoin, its boss, Elon Musk, said on Wednesday, marking a significant step forward for the cryptocurrency’s use in commerce. “You can now buy a Tesla with bitcoin,” Musk said on Twitter, adding that the option would be availab…

FRANKFURT (Reuters) — Central banks need to fight climate change but all policy options on the table come with costly drawbacks, so action needs to be gradual and cautious, an umbrella group of the world’s top central banks and supervisors said on Wednesday. With climate change posing a growing ris…

(Reuters) — U.S. stock index futures rose on Wednesday as Intel’s shares surged on plans to expand advanced chip making capacity, while investors looked to business surveys for March and another day of testimonies from the top two U.S. economic officials. The chipmaker’s shares jumped about 5.7% as…

LONDON/HONG KONG (Reuters) — Oil prices slumped and shares slipped from a one-year peak on Tuesday as a wave of coronavirus infections, a fresh lockdown in Germany, and U.S. and European sanctions over China combined to curb risk appetite worldwide. Brent crude futures dropped by $2.59, or 4%, to $…

MANILA  (Reuters) — The Philippine central bank is expected to leave its benchmark interest rate unchanged on Thursday to maintain support for an economy facing fresh challenges after new curbs to contain a resurgence in Covid-19 infections, a Reuters poll showed. All 13 economists surveyed predict…

HAGÅTÑA (The Guam Daily Post) — Mayors have collected more than 500 abandoned vehicles from Guam roadways and villages but are facing a deadline, at least in terms of getting vehicles off island, according to discussions during the Islandwide Beautification Task Force meeting last Tuesday. A total …

(Press Release) — Yap State is poised to be the first state in the Federated States of Micronesia  to get the benefits of an FSM-wide program to upgrade communications and digital infrastructure and setting up the State up for greatly improved economic development over the next decade. iBoom, led b…

WASHINGTON (Reuters) — The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic, Richmond Federal Reserve President Thomas Barkin said on Sunday, although risks remain for some workers. Thomas Barkin “Vaccines are rolling out, and ca…

HAGÅTÑA (The Guam Daily Post) — Guam bars are no longer off limits to military service members as of Friday — welcome news for the bar industry that just recently reopened to a very limited market. But uniformed members of the Guam National Guard on active-duty status were still restricted from pat…