Business

SHENZHEN (Reuters) — Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zh…

BOSTON (Reuters) — For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said. Almost all of the hit the U.S. labor…

NEW YORK (Reuters) — Split control of the U.S. Congress following the midterm elections may provide a tailwind for stocks at the end of a bruising year, but inflation and the Federal Reserve are likely to remain the market’s main drivers, investors said. Republicans were projected to win a majority…

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…