Business

TOKYO (Reuters) — A tech-fueled global stocks rally cooled in Asia on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates. World bond yields continued to ease from multi-year highs and the dollar trod water ahead of the closely w…

WASHINGTON (Reuters) — The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster pace of interest rate increases this year. “I am very hopeful we are going to start to see th…

(NMC) — Kiki’s, a women’s clothing store located in Gualo Rai, 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% discount on clothing a…

(Reuters) — A nearly three-month long labor strike at Kellogg’s U.S. cereal plants is expected to dent profit margins already under pressure from steep costs driven by global supply logjams. The strike kicked off in October at four U.S. plants that produce Froot Loops, Corn Flakes and other c…

(Reuters) —  As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power online games and worlds. But, be warned, the foothills of the unformed metaverse are no place for the faint-hearted. Bitcoin, …

WASHINGTON (Reuters) — U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation of Independent Business or NFIB said its Small Business Optimism Index dropped 1.8 points to…

DENVER (Reuters) — As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. Benchmark U.S. prices last week topped $93 a barrel, up aroun…

WASHINGTON (Reuters) — The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. While the circumstances were unu…

(Reuters) — A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in an effort to instill trust in the burgeoning digital asset industry. The Crypto Market Integrity Coalition, w…

(HANMI) — The Hotel Association of the Northern Mariana Islands reported 22% average occupancy rate among its 12 member hotels for January 2022, compared to 6% average occupancy in January 2021. “January occupancy rates are a sharp drop from 35% average occupancy in December, and this is due to the…