Business News

Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released November 20, 2023. LOS ANGELES (Reuters) — Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo…

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, April 21, 2020. LONDON (Reuters) — Oil prices slipped on Wednesday, eating into the previous day’s gains as investors monitored developments in the Red Sea, where shippers are returning despi…

U.S. dollar banknotes are seen in this illustration taken July 17, 2022. SINGAPORE (Reuters) — The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that inflation in the world’s largest economy is cooling which will likely give the Federal Reserve room…

NC Picks held its grand opening on Friday, Dec. 22 in Garapan, adjacent to Joeten Garapan.    An apparel store in Garapan, NC Picks is the latest addition to E-Land Group’s businesses on Saipan.   NC Picks held its grand opening on Friday, Dec. 22 at its location in Garapan, adjacent to Joeten.  Th…

Ken Yanagisawa Ben Ferguson TUMON, Guam — P.H.R. Ken Micronesia, Inc. announced the promotion of two of its longstanding executives to lead the Guam operations beginning on January 1, 2024, when outgoing President Mitsuo “Mike” Sato takes on a new role with Ken Corporation  in Japan after leading P…

A woman looks at beauty products in a local store during the holiday season in New York City, Dec. 10, 2023. LOS ANGELES/NEW YORK (Reuters) — Roxanne Ross of Florida is one of a growing number of Americans dodging higher interest rates on credit cards by instead turning to “buy now, pay later…

Marcos Fong BARRIGADA HEIGHTS, Guam — Glimpses Media, a locally owned and distinguished media company headquartered on Guam, proudly announces the latest additions to its extensive portfolio with the inclusion of two prominent radio stations, Power 98 FM and Wave 105 FM. This strategic move not onl…

Traders work on the floor at the New York Stock Exchange in New York City, Dec. 15, 2023. (Reuters) — U.S. stock index futures edged higher on Monday as Treasury yields slipped ahead of economic data this week that could offer insights on when the Federal Reserve could start cutting interest rates.…

(SCC) — The Saipan Chamber of Commerce is excited to announce its much-anticipated signature event of the year, the Annual Business Person of the Year Gala, set to take place on Saturday, Jan. 27, 2024, at Kensington Hall, Kensington Hotel Saipan. This memorable event not only marks a celebration o…

THE Hotel Association of the Northern Mariana Islands reported a 43% average occupancy rate among its 11 member hotels for October 2023 and a 38% average occupancy rate this calendar year-to-date. A total of 27,918 of 62,619 available room nights sold during October 2023.  Average room rates were $…