Business

(Reuters) — While the S&P 500 confirmed on Monday that it has been in a bear market since January, many of the benchmark’s components are in far worse shape following months of fear-driven selling related to rising interest rates and worries about the economy. The S&P 500’s 3.9%…

(Reuters) — Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise. According to a Reuters analysis of Asia’s top 1,500 large- and mid-cap companies by market-capitaliza…

HONG KONG (Reuters) — Cryptocurrencies tumbled afresh on Tuesday, with bitcoin and ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network’s freezing of withdrawals delivered the latest jolt to investors in the asset-class. Bitcoin fell as much as 7.2% t…

THE Hotel Association of the Northern Mariana Islands reported a 31% average occupancy rate among its 12 member hotels for May 2022, compared to 12% average occupancy in May 2021. A total of 13,940 of 45,224 available room nights sold during May 2022, compared to 4,107 of 35,866 available rooms sol…

(Press Release) — The Saipan Chamber of Commerce met with the Gwangju Chamber of Commerce & Industry  from Gwangju, South Korea to initiate conversations of a partnership  between the two  organizations on May 23, 2022 at Laolao Bay Golf Resort, Saipan. In attendance for the meeting was Chairma…

The Saipan Chamber of Commerce was established in July 1959, and its primary purpose was to meet with the visiting members of the United Nations Trusteeship Council to determine the political status of Saipan, Rota, Tinian and the Northern Islands. From left, Dr. Manuel Aldan, Vicente Sablan, Santi…

(Reuters) — Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months. Fed policymakers had already all but …

LOS ANGELES (Reuters) — President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply shortage to fatten profits after a report showed inflation surging to a new 40-year record. U.S. consumer inflation accelerated in May as gasoline pri…

(Reuters) — U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net worth edged down to $149.3 trillion from a record $149.8 trill…

(Reuters) — Wall Street’s main indexes fell in choppy trading on Thursday, as growth and bank stocks slipped amid weaker risk appetite ahead of a closely watched inflation report this week. Nine of the 11 major S&P sectors traded lower, with energy, financials and materials down 1% each. …