Business News

The Federal Reserve Building stands in Washington, April 3, 2012. BENGALURU (Reuters) — The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majori…

James Polk, left, and Matthew Emerson. HONOLULU (BoH) — Bank of Hawai‘i Chairman and CEO Peter S. Ho announced Friday that Vice Chair and Chief Banking Officer James C. Polk has been promoted to president of Bank of Hawai‘i Corporation and its primary operating subsidiary Bank of Hawai‘i, and Vice …

Flight delays at Cancun International Airport, Friday, July 19, 2024. SAN FRANCISCO (Reuters) — Security experts said CrowdStrike’s routine update of its widely used cybersecurity software, which caused clients’ computer systems to crash globally on Friday, apparently did not undergo ad…

A trader works on the floor at the New York Stock Exchange in New York City, March 7, 2024. (Reuters) — The Nasdaq and the S&P 500 bounced back on Thursday, boosted by a recovery in megacaps, as an upbeat forecast from Taiwan Semiconductor Manufacturing lifted chip stocks after a sharp sell-off…

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. UPPER MARLBORO, Maryland (Reuters) — Top Federal Reserve officials said on Wednesday the U.S. central bank is “closer” to cutting interest rates given inflation’s impr…

 Vibrantly colored Mandarin fish spotted on Yap’s Reefs. (Yap Visitors Bureau) — Yap will play host to two of the Pacific’s premier dive photography events, MantaFest and BlackwaterFest. Both events are organized by the island’s leading hotel and diving facility Manta Ray Bay Resort and Yap Divers,…

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken Oct. 24, 2023. SINGAPORE (Reuters) — Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who has …

Traders work on the floor at the New York Stock Exchange in New York City, July 3, 2024. SINGAPORE (Reuters) — Saturday’s shooting at former President Donald Trump’s election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming wee…

Holograms, which show different images and colors depending on the angle at which they are viewed, are seen on the new Japanese 5,000 yen banknote as the new note is displayed at a currency museum of the Bank of Japan, on the day the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circul…

A person puts gas in a vehicle at a gas station in Manhattan, New York City, Aug. 11, 2022. MOSCOW/LONDON (Reuters) — OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and strong air travel would su…