Business

WASHINGTON (Reuters) — U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand. The Labor Department’s closel…

(NMC) — Clear Water Place, Clear Water Residences, and Clear Water Hotel, are the latest companies 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 at a…

(Reuters) — Meta Platforms veteran Javier Olivan is taking over as the company’s chief operating officer after playing a crucial but largely behind-the-scenes role stoking the social media company’s explosive growth for 15 years. The Spaniard will replace Sheryl Sandberg, who announced …

LONDON (Reuters) — OPEC+ is working on making up for a drop in Russian oil output, two OPEC+ sources said on Thursday, as Russia’s production has fallen by around 1 million barrels per day as a result of Western sanctions on Moscow over Ukraine. One OPEC+ source familiar with the Russian posi…

(Reuters) — Delta Air Lines Inc and United Airlines on Wednesday played down the risk of a U.S. economic recession and said a switch in consumer spending to services from goods would keep their businesses humming. Delta also lifted its revenue forecast for the quarter through June despite trimming …

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen said on Tuesday that she was wrong in the past about the path inflation would take, but said taming price hikes is President Joe Biden’s top priority and he supports the Federal Reserve’s actions to achieve that. Asked in a CNN…

(Reuters) — Stocks and bonds struggled in Asia on Wednesday while the U.S. dollar rose as investors worried about inflation and the hit that containing it with rate rises will bring to global growth. Shanghai emerged blinking from two months of lockdown but as data showed steep falls in factory act…

NEW YORK (Reuters) — A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the stock market that has thrived this year. The S&P 500 energy sector has surged 5…

SINGAPORE/HONG KONG (Reuters) — Asian shares clawed back earlier losses on Tuesday as signs that China’s economic pain may be gradually abating amid easing Covid-19 curbs overshadowed broader investor concerns about a global inflation shock. Also lifting sentiment in the region were details o…

(Reuters) — Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries like war-ravaged Ukraine and Sri Lanka. World fuel demand has rebounded to pre-pa…