Business

WASHINGTON (Reuters) — Sarah Bloom Raskin’s decision Tuesday to withdraw her nomination as the Federal Reserve’s Wall Street cop further delays rule changes that have been in limbo since Randal Quarles stepped down as vice chair for supervision in October. A Fed controlled by Democrats …

BANK of Guam is honored to announce they’ve been awarded Gold honors by the 2022 International AVA Digital Awards for Corporate Social Responsibility Messaging. Their video, Founder’s Day of Giving, highlights the spirit of their founder, Jesus S. Leon Guerrero, as employees and community partners …

(Reuters) — U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve’s two-day meeting where policymakers are widely expected to raise interest rates. Nine of the 11 major S&P sectors advanced in early trading, with tec…

WASHINGTON (Reuters) — Sarah Bloom Raskin’s nomination to become the top bank regulator at the Federal Reserve, already stalled by Republicans, was dealt a heavy blow on Monday after she lost the backing of a senator from President Joe Biden’s Democratic Party. Raskin’s “pre…

NEW YORK (Reuters) — Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures fell $1.82, or 1.6%, to $110.85 a barrel by 6:47 p…

WASHINGTON (Reuters) —  In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve officials rallied around the view they could tame inflation with modest interest rate hikes while the economy and labor market thrived. A war in Europe has now been …

(Reuters) — Surging inflation is disrupting everything from carpools to the ability to quote prices on new business at already-strained U.S. factories. At BCI Solutions Inc., a metal foundry in Bremen, Indiana, 14 workers quit in the last two weeks — over 7% of its total workforce and an unpreceden…

NEW YORK (Reuters) — Investors are rushing to recalibrate their portfolios for a potentially extended period of elevated commodity prices, as Russia’s invasion of Ukraine sparks eye-popping moves in raw materials that threaten to exacerbate inflation and hurt growth. Wild moves have been the norm i…

TOKYO (Reuters) — A senior member of Japan’s ruling coalition said on Saturday the government should compile economic stimulus measures to address soaring energy and food costs. Natsuo Yamaguchi, head of Komeito, the junior partner in Prime Minister Fumio Kishida’s coalition, said the m…

(MVA) —  According to the Marianas Visitors Authority, arrivals to Saipan, Tinian and Rota grew 785% percent to 2,052 visitors in January 2022, compared to 232 visitors received in January 2021. While  the figure   shows  a  marked recovery in arrivals   as  a  result   of the Tourism Resumption  I…