Business

WILMINGTON, Del. (Reuters) — Elon Musk contended that Twitter Inc’s decision to pay millions of dollars to a whistleblower it had fired gives the world’s richest person another justification for terminating his $44 billion agreement to buy the social media company. In a Friday letter to…

NEW YORK (Reuters) — As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry that so-called quantitative tightening may weigh on the economy and make this year even more brutal for stocks and bonds. After roughly doubling its balance sheet to $9 trilli…

TOKYO (Reuters) — Japan’s government must take steps as needed against excessive declines in the yen, deputy chief cabinet secretary Seiji Kihara said on Sunday, repeating authorities’ warnings about the currency’s slide to 24-year lows. “As for excessive, one-sided currency…

(Reuters) — Asian stocks made broad gains on Thursday, extending an overnight global rally, while oil prices steadied at levels not seen since before Russia’s invasion of Ukraine. Japan’s Nikkei share average jumped 1.96% in early trading. MSCI’s broadest index of Asia-Pacific sha…

(NMC) — Bistro Marianas Restaurant and Bar is the latest company 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 now receive a 10% discount on any purchase. In addition, the venu…

WASHINGTON (Reuters) —  Federal Reserve officials on Wednesday said they still aren’t convinced the worst of the U.S. inflation scare has passed, in comments that teed up a continuation of the central bank’s aggressive interest rate increases. “We are in this for as long as it tak…

(Reuters) — Bad things tend to happen in world markets when Japan’s yen registers wild swings and its latest freefall against the supercharged U.S. dollar leaves many feeling uneasy. With U.S. economic soundings still strong enough to keep the Federal Reserve talking tough on its inflation fi…

CONCHAGUA, El Salvador (Reuters) — A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built — a circular metropolis powered by a volcano — is still dense jungle. President Nayib Bukele had promised that “Bitcoin…

(HANMI) — The Hotel Association of the Northern Mariana Islands reported a 33% average occupancy rate among its 12 member hotels for August 2022, compared to 12% average occupancy in August 2021. A total of 15,076 of 45,317 available room nights sold during August 2022, compared to 4,281 of 36,759 …

LONDON (Reuters) — The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do little to stop the euro’s slide. The euro on Monday fell below $0.99 for the first time since late 2…