Business News

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 $…

(SCC) — The Saipan Chamber of Commerce and the Hotel Association of the Northern Mariana Islands have jointly submitted a letter to the CNMI leaders, including Gov. Arnold I. Palacios, Lt. Governor David Apatang, U.S. Congressman Gregorio Kilili Camacho Sablan, Senate President Edith Deleon Guerrer…

A person shops in a supermarket in Manhattan, New York City, June 10, 2022. WASHINGTON (Reuters) — U.S. consumer prices unexpectedly rose in November while underlying inflation pushed higher, offering more evidence that the Federal Reserve was unlikely to pivot to interest rate cuts early next year…

Argentina’s new Vice President Victoria Villarruel and Argentina’s President Javier Milei embrace during their swearing-in ceremony at the National Congress, in Buenos Aires, Argentina, Dec. 10, 2023. BUENOS AIRES (Reuters) — Argentina libertarian economist Javier Milei took office on S…

From left, top, clockwise: David A. Alcorn, Nenita C. Baldovino, William H. Best, Cesar C. Cabot,  John Day and Matthew S. Hunter. BARRIGADA, Guam — Guam Business Magazine is pleased to announce the nominees for the 2023 Guam Business Magazine Executive of the Year. The nominees are: • David A. Alc…

WASHINGTON (USDOL) —  As the U.S. Department of Labor’s Wage and Hour Division and  Office of the Solicitor continue to find serious illegal employment practices in the meat and poultry processing industries, a California poultry processor and supplier to supermarkets and food distributors — includ…

People walk at a shopping compound in Beijing, China, Dec. 6, 2023. SHANGHAI/HONG KONG (Reuters) — Moody’s negative outlook on China has intensified Beijing’s battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilize …

Passersby walk past an electric board displaying Japan’s Nikkei share average outside a brokerage in Tokyo, Japan, April 18, 2023. SINGAPORE (Reuters) — Asian stocks slipped to three-week lows and Hong Kong’s unloved Hang Seng index slumped to a one-year trough on Tuesday while bonds an…