Business News

WAI‘ANAE, Hawaii (BoH) — More than 450 students at Wai‘anae High School participated in a valuable financial literacy course on Tuesday, taught by 35 volunteers from Bank of Hawai‘i for SmartMoney Lesson Day. (https://f.io/odDEIwoW) Lono Kealoha, vice president and corporate compliance officer at B…

(NMC) — Shop local and shop small this holiday season! Individuals who are looking for gifts to buy for the upcoming holiday season are invited to visit the CNMI Small Business Development Center’s Small Business Night at  Northern Marianas College on Thursday, Nov. 17, 2022 from 5 p.m. to 8 p.m. T…

NUSA DUA, Indonesia (Reuters) — U.S. Treasury Secretary Janet Yellen on Sunday said the Democrats’ clinching of U.S. Senate control makes things easier for the Biden administration, but she would still like to see a debt ceiling increase approved before year-end in Congress’s post-elect…

LONDON (Reuters) — Crypto exchange FTX filed for U.S. bankruptcy protection on Friday and its founder Sam Bankman-Fried resigned as chief executive, after the biggest blowup in the crypto industry drew calls for tighter regulation. The distressed crypto trading platform had struggled to raise billi…

WASHINGTON (Reuters) — U.S consumer prices rose less than expected in October, pushing the annual increase below 8% for the first time in eight months, the strongest signs yet that inflation was starting to subside, which would allow the Federal Reserve to dial back its hefty interest rate hikes. T…

(Reuters) —  Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes. Republicans were still favore…

SINGAPORE/LONDON (Reuters) — Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by over 15% as investors appeared to take fright at talk of pressure on FTX’s financials. Bitcoin, the biggest cryptocurrency by market value, feel as much as 6% t…

LONDON (Reuters) — European stocks struggled to make gains on Tuesday and the dollar picked up as traders pulled back on hopes that China could ease its zero-Covid policy and showed signs of caution ahead of U.S. mid-term elections. Markets had started the week with a “risk-on” tone, wh…

NEW YORK (Reuters) — Elon Musk’s revelation that Twitter has suffered a “massive” revenue drop since he took over 10 days ago underscores the precarious nature of the social media company’s finances after he saddled it with $13 billion in debt, credit experts say. Musk tweet…

HONG KONG (Reuters) — Authorities in Macau said the world’s biggest casino hub, blighted by a Covid-19 outbreak, is on track to return to relative normality after two rounds of mass Covid-19 tests last week found no new infections. The Chinese territory had been observing Covid-19 safety meas…