Business

Leah Murphy, right, of Maipe Pachotmu shows her dinanche  flavors to  buyers at Northern Marianas College’s Small Business Night on Thursday. Hosted by the CNMI Small Business Development Center and the NMC Office of Student Activities and Leadership, the event featured 16 small local businesses. I…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell moderately last week, still suggesting that April was another month of strong job growth. The report from the Labor Department on Thursday also showed unemployment rolls shrinking to the lowest level in …

(Reuters) — Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy social network company Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which w…

WASHINGTON (Reuters) — With even the most dovish U.S. central bankers now calling for a key interest rate to hit its “neutral” level by year’s end to tame high inflation, the Federal Reserve appears headed for perhaps its swiftest shift in monetary policy since the 1960s, with all…

Marpac has generously donating beverages, silent auction prizes and financial support for the upcoming Red Cross fundraising gala. “The ongoing support from Marpac and the Shimizu family has allowed the Red Cross to fulfill its humanitarian mission here in the Commonwealth and throughout Micronesia…

(UOG) — Individuals throughout Micronesia with the dream of starting their own business will have an opportunity to get their idea off the ground at the three-day Startup Weekend Micronesia event happening next week from Wednesday, April 27, to Friday, April 29. The event will be held online over t…

(Reuters) — Netflix Inc shares lost over a third of their value on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue. The streaming pioneer’s shares fell…

LONDON (Reuters) — OPEC+ produced 1.45 million barrels per day or bpd below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed. Russia produced about 300,000 bpd below its target in …

(Reuters) — Twitter Inc co-founder Jack Dorsey took aim at the social media company’s board in a series of tweets late on Monday as it weighs Elon Musk’s $43 billion takeover offer. Dorsey, who is also a Twitter board member, added to the chatter on the micro-blogging platform last week…

(Press Release) — House Health and Welfare Committee Chairwoman Tina Sablan introduced legislation Tuesday afternoon  that seeks to raise the minimum wage by $0.55 increments within 120 days of its passage, and every year thereafter until the minimum  wage is $10 per hour. The incremental increase …