Business

NEW YORK (Reuters) — Cash savers are between a rock and a hard place right now. Interest rates on typical places to stash money, like savings accounts, are near all-time lows. Meanwhile, inflation rates are the highest they have been in decades — consumer prices in the United States surged in Febru…

(Reuters) — Federal Reserve Chair Jerome Powell has often pointed to the months before the pandemic as a heyday for the U.S. economy, and he is counting on an across-the-board return to economic conditions circa 2019 to help win a fight against high inflation without sparking higher unemployment. I…

MILAN (Reuters) — Stock markets around the world dipped on Monday as fighting in Ukraine raged on with no sign of a ceasefire even as negotiations continued, while Brent crude prices climbed above $110 a barrel as supplies remained tight. Turkey’s foreign minister said on Sunday that Russia a…

NEW YORK (Reuters) — Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence. Following a months-long drubbing, the S&P 500 delivered its best weekly ga…

(Society for Human Resource Management) — The SHRM CNMI chapter will host a general membership meeting in the Regency Ballroom of the Hyatt Regency Saipan on Wednesday, March 30, 2022, starting at 12 noon. Doors will open at 11:15 a.m. This meeting will feature a presentation on creating a safe, vi…

DUBAI (Reuters) — Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it reported a doubling in 2021 profits. Oil prices leapt 50% last year as demand recovered from the Cov…

NEW YORK (Reuters) — The U.S. Treasury yield curve flattened further on Wednesday, as the Federal Reserve increased interest rates for the first time in three years and set out a path of tighter monetary policy to fight unabated inflation. The shape of the yield curve is a key metric investors watc…

NOW that in-person event restrictions have eased, Aqua Resort Club is serving buffet spreads that will exceed your expectations. The food includes Pacific Island, Asian and Western favorites: fish barbecue ribs, chicken piccata, artichoke salad, and many other international culinary delights. Amid …

WASHINGTON (Reuters) —  The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive …

WASHINGTON (Reuters) — Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order in the longer term, the International Monetary Fund or IMF said on Tuesday. Beyond the human sufferin…