Business News

The Federal Reserve building in Washington, D.C., Jan. 26, 2022. WASHINGTON (Reuters) — As families in the U.S. prepare to gather for their Thanksgiving dinners next week, food prices have largely flatlined for months, gasoline prices are about 10% lower than a year ago, and the average cost of muc…

MONIKA’S Treasures, located at the Joeten Garapan property, will hold a “soft opening” celebration this Friday, Nov. 17, and provide discounts and refreshments to its patrons. The event is scheduled to start at noon and continue until 8 p.m.  Monika’s Treasures will feature handcrafted products tha…

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2023. TOKYO (Reuters) — A tick up in U.S. Treasury yields on Monday helped send the dollar to a fresh one-year high against the yen, while scuppering an early tech-led equity rally. Benchmark…

A man is seen silhouetted wearing a protective face mask, amid the coronavirus disease pandemic, as he walks near the financial district of New York City, Oct. 18, 2021. NEW YORK/WASHINGTON (Reuters) — Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” f…

SMALL business owners on Tinian who are interested in learning more about federal government contracting procedures are invited to attend a business seminar on Friday, November 17, 2023, by the Tinian Small Business Development Center at Northern Marianas College. The seminar, which is offered at n…

Garment workers come out of a factory during lunch hours at the Ashulia area, outskirts of Dhaka, Bangladesh, Nov. 8, 2023. DHAKA/NEW DELHI (Reuters) — Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients that include H&M to help them pay for an almo…

A WeWork logo is seen outside its offices in San Francisco, California, Sept. 30, 2019. (Reuters) — WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its o…

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, Jan. 21, 2019. BEIJING (Reuters) — Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of …

Federal Reserve Board Chairman Jerome Powell arrives to hold a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, D.C., Nov. 1, 2023. WASHINGTON (Reuters) — The Federal Reserve held interest rates st…

Federal Reserve Chairman Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, Oct. 19, 2023. WASHINGTON (Reuters) — Throughout its two-year battle with inflation, the Federal Reserve has tried to squeeze consumers hard enough through higher interest rates that th…