Business News

(Special Advertising Feature) — CNMI’s first commercial electric vehicle charging station will be accessible to all EV green drivers in Saipan starting tomorrow, Thursday, Sept. 7. Pacifica Insurance Underwriters, Inc. through its Pacifica GoGreen program, in partnership with Evlution Energy, has b…

A gas station attendant pumps fuel into a customer’s car at a gas station in Shanghai, China, Nov. 17, 2017. LONDON (Reuters) — Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unch…

An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. WASHINGTON (Reuters) — U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easing and ceme…

Crowne Plaza Resort Saipan is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. More information about their special promotion for ProaPerks card holders can be found at www.marianas.edu/proaperks. (NMC) — Crowne Plaza R…

(IT&E) — IT&E has announced the promotion of Velma M. Palacios to the position of executive director, IT&E CNMI. This promotion recognizes Palacios’ exceptional contributions, dedication, and outstanding performance within the organization. “As executive director, Velma will assum…

NEW YORK (Reuters) — U.S. housing price growth accelerated in June from a year earlier, the Federal Housing Finance Agency or FHFA said on Tuesday, ending a 15-month streak of slowing annual price growth. Home purchase prices increased by 3.1% year-over-year compared with a 2.9% rise in May, markin…

Two freight trucks are driven on the Fisher freeway in Detroit, Michigan, March 27, 2009. (Reuters) — Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said…

The Federal Reserve building in Washington, D.C. WASHINGTON (Reuters) — Throughout the Federal Reserve’s drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losin…

U.S. flags fly out in front of the New York Stock Exchange is seen on Feb. 16, 2021. NEW YORK (Reuters) — A resilient U.S. economy and expectations of a nearing peak in the Federal Reserve’s monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuat…

A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., Aug. 19, 2022. WASHINGTON (Reuters) — The U.S. economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while businesses boosted investm…