Business News

SINGAPORE (Reuters) — Asian stocks rose on Wednesday, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023. Nervousness about policymaker…

A 3D printer is one of many machines available for entrepreneurs and creators to use to transform waste into marketable products at the G3 Circular Economy Makerspace and Innovation Hub at CHamoru Village in Hagåtña. HAGÅTÑA (The Guam Daily Post) — A new developing industry known as 3D printing cou…

SINGAPORE (Reuters) — Oil prices rose more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 46 cents, or 0.6%, at $76.5…

(Reuters) — Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs that financial conditions are easing even as the Federal Reserve continues to wage war on 40-year-high inflation. But unlike this past summer, when F…

WASHINGTON (Reuters) — U.S. worker productivity rebounded at a bit faster pace than initially thought in the third quarter, though the trend remained weak, keeping labor costs elevated. Economists said the report from the Labor Department on Wednesday pointed to inflation staying high and the Feder…

(NMC) — Online marketplace Flame Angel is the latest to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can receive 5% off their online purchase by using the promo code “proaperks5” at …

WASHINGTON (Reuters) — U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy as it braces for an anticipated recession next year. The survey from the Institute for Supply Management or ISM on Mond…

(BKGM) — BankGuam Holding Company announced that its Board of Directors declared a quarterly cash dividend of $50 per share for the holders of its common stock and a dividend payment to the holders of the Company’s 7.08% Floating Rate Noncumulative Preferred Stock, Series A, at its Board’s regular …

(Reuters) — Russia “will not accept” a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine. Kremlin spokesman Dmitry Peskov said …

(Reuters) — Federal Reserve Chair Jerome Powell on Wednesday said it was time to slow the pace of coming interest rate hikes while also signaling a protracted economic adjustment to a world where borrowing costs will remain high, inflation comes down slowly and the United States remains chronically…