Business

(Reuters) — Wall Street’s main indexes extended losses on Friday as investors worried that the Federal Reserve will need to be more aggressive than expected in raising interest rates to combat inflation. The tech-heavy Nasdaq registered its lowest close since 2020, notching a fifth straight w…

ON Mother’s Day, May 8, show your love to a very important woman in your life by bringing her to 360 Revolving Restaurant. “We don’t have buffets for Mother’s Day because it’s a special day and if we let moms walk to the line and get their own food, then they are not being t…

WASHINGTON (Reuters) — New claims for U.S. unemployment benefits increased to a more than two-month high last week, but remained at a level consistent with tightening labor market conditions and further wage gains that could keep inflation hot for a while. The report from the Labor Department on Th…

(Reuters) — Wall Street’s main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve’s less hawkish tone failed to ease investors’ expectations of bigger interest rate hikes this year to tame surging inflation. The Nasdaq dropped 5% and the S&P 500 loo…

WASHINGTON (Reuters) — U.S. private employers hired the fewest workers in two years in April amid persistent labor shortages and increasing costs, which are hitting small businesses the hardest, raising the possibility that overall job growth slowed last month. That was reinforced by a separate sur…

(NMC) — Pacific Home Appliances 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 5-10% discount on air-conditioners and refrigerators. Pacific …

McDonald’s Saipan employees joined the islandwide beach cleanup on April 22, 2022.  Marcia Ayuyu, owner/operator, said McDonald’s “always encourages our employees to participate and support community improvement events.”

(NMC) — The CNMI Small Business Development Center at Northern Marianas College will be hosting another small business night featuring new and upcoming local entrepreneurs and their products and services. The community is invited to attend. The event, held in collaboration with NMC’s Office Student…

WASHINGTON (Reuters) — U.S. job openings increased to a record high in March as worker shortages persisted, suggesting that employers could continue to raise wages and help keep inflation uncomfortably high. The Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS report, on Tu…

HAGÅTÑA (The Guam Daily Post) — With Guam tourism raring to go after a pandemic hibernation, more venues and events are resuming — including the festive Wednesday Night Market at the CHamoru Village, as well as the return of free trolley rides for all. Effective today, the indoors mask mandate was …