Business News

Neel Kashkari, president and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, May 7, 2024. (Reuters) — Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cu…

Boeing factory workers and supporters gather on a picket line near the entrance to a Boeing production facility in Renton, Washington, Oct. 11, 2024. (Reuters) — Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in los…

Traders work on the trading floor at the New York Stock Exchange following the Federal Reserve rate announcement, in New York City, Sept. 18, 2024. (Reuters) — Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike…

Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington, Sept. 13, 2024. (Reuters) — Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially…

Bank of Guam received three awards from The Institute for Extraordinary Banking including the Banky Award, Money Smarts Banky Award for Financial Literacy Education, and the BanksGiving Banky Award for Philanthropy. Pictured, from left, Roxanne Emmerich, chair and founder, The Institute for Extraor…

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, March 11, 2022. SINGAPORE (Reuters) — Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply …

A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, Jan. 25, 2023. WASHINGTON (Reuters) — U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to d…

A U.S. dollar banknote is seen in this illustration taken July 17, 2022. NEW YORK (Reuters) — The dollar rose to a six-week high on Thursday as data showed a still-solid U.S. economy while safe haven demand on concerns about rising Middle East tensions and the impact of a dockworker strike also boo…

Port workers from the International Longshoremen’s Association participate in a strike in the Virginia International Gateway in Portsmouth, Virginia, Oct. 1, 2024. NEW YORK (Reuters) — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a…

An oil pump is seen in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela, March 18, 2015. (Reuters) — Oil prices turned positive on Tuesday, jumping about 3%, following reports Iran was preparing to launch a missile attack on Israel. Brent futures were up $2.04, or 2.9%, to $73.74 a barrel…