Business

WASHINGTON(Reuters) — U.S. manufacturing activity slowed for a second straight month in April, but supply bottlenecks appeared to be easing, with the pace of increase in prices for inputs and the backlog of unfinished work at factories moderating. The Institute for Supply Management or ISM said on …

RAROTONGA (NZ Herald/RNZ Pacific/Pacnews) — The Cook Islands needs more direct flights to restart the tourism industry and hundreds more workers but New Zealand’s travel requirements are slowing the process to bring in more workers. Although travel restrictions are loosening, Cook Islands tou…

NEW YORK (Reuters) — The Federal Reserve’s well-telegraphed plan to hike interest rates by half a percentage point on Wednesday and start reducing its balance sheet has failed to ease inflation and growth worries, prompting bond investors to seek safety by adjusting the duration of their port…

OMAHA, Neb. (Reuters) — Warren Buffett said on Saturday that inflation “swindles almost everybody” and that it was “extraordinary” how much inflation had been seen in Berkshire Hathaway Inc’s own businesses. Inflation has surged in the United States, hitting a new 40-y…

NEW YORK (Reuters) — A volatile stock market faces a critical test this week, when the U.S. Federal Reserve is expected to raise interest rates and give more insight on its plans for tightening monetary policy to fight surging inflation. Worries over an increasingly hawkish Fed have helped drag the…

HAGÅTÑA (The Guam Daily Post) — There’s a shortage of automotive technicians on island and Guam Community College is working to fill the void, as it educates students despite Covid-19 pandemic challenges. “Right now, there is a need. I was just talking to one service manager in an advisory committe…

P&A Corp.’s amusement park offers horseback riding, a water play zone and an international roller skating rink. Located at the Winners residence compound on Afetna Road in San Antonio, the amusement park is open from Tuesday to Sunday to provide children, teenagers and adults  enjoyable activit…

WASHINGTON (Reuters) — The U.S. economy unexpectedly contracted in the first quarter amid a resurgence in Covid-19 cases and drop in pandemic relief money from the government, but the decline in output is misleading as domestic demand remained strong. The first decrease in gross domestic product si…

(Reuters) —  U.S. Federal Reserve officials have aligned around plans to accelerate the pace of interest rate hikes this year but remain split over what could be the make-or-break decision of where to stop to avoid dragging the economy into recession. That debate is only beginning but will become m…

(Reuters) — Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments. In Fe…