Business

(Reuters) — U.S. stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed a big stake and strong retail sales in April eased some concerns about slowing economic growth. Ten of the 11 major S&P sectors advanced, with financials and technology up 2% each.…

NEW YORK (Reuters) — As TikTok accounts focused on money gain huge followings, stodgy financial firms are wedging themselves into youth-oriented social media platforms for a piece of the action. Independent “FinTok” influencers like Mark Tilbury (@marktilbury, 7 million followers), Hump…

HONG KONG (Reuters) — Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings of risks posed by cryptocurrencies. Bitcoin fell 5% to around $29,700 on Monday in Asian trade, sli…

(Reuters) — Wall Street’s main indexes fell on Monday as downbeat data out of China added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the U.S. Federal Reserve. Chinese and European stock markets fell, while oil slid as data showed China&…

NEW YORK (Reuters) — Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. The S&P 500 extended its decline to nearly 20% from January’s record peak on Thursday befo…

DETROIT (AP) — Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition. Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social…

WASHINGTON (Reuters) — U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding. The University of Michig…

HONG KONG / LONDON (Reuters) — The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a se…

(NMC) — Spearfishing store Aquasmith 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 all purchases. Aquasmith is located on th…

GUAM (UAL) —  United Airlines announced the addition of flights between Tokyo/Narita, Japan  and Guam in time for the summer travel season. For May, United added a Saturday morning flight and a Sunday evening flight between Tokyo/Narita and Guam to its daily service, increasing service to nine-time…