Business

(Reuters) — Research teams at Intel Corp on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, with several technologies aimed at stacking parts of chips on top of each other. Intel’s Research Components Group …

THE Hotel Association of the Northern Mariana Islands reported 35% average occupancy rate among its 12 member hotels for November 2021.  The figure is over eight times higher compared to November 2020, with 14,511 room nights sold this November compared to 2,006 rooms last November. The occupancy r…

WASHINGTON (Reuters) — Top executives from six major cryptocurrency companies including Coinbase and Circle on Wednesday urged Congress to provide clearer rules for the booming $3 trillion industry, but warned that overly tough restrictions would push it overseas. The U.S. House Financial Services …

WASHINGTON (Reuters) — U.S. job openings surged in October while hiring decreased, suggesting a worsening worker shortage, which could hamper employment growth and the overall economy. The Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday also sh…

(Reuters) — U.S. travel and leisure stocks surged on Wednesday after BioNtech SE and Pfizer Inc said a three-shot course of their Covid-19 vaccine was able to neutralize the new Omicron variant. Shares of U.S. airlines — including Delta Air Lines Inc, United Airlines Holdings Inc, American Airlines…

LOS ANGELES/CHICAGO (Reuters) — Amazon.com Inc’s push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves what are expected to be record numbers of packages this holiday season. Its project, called Amaz…

KOROR (Island Times/Pacnews) — A plan to pass a Digital Residency Identification law  did not succeed as the bill failed to get a majority of the votes in the Palau Senate.  Five senators were in favor of the bill, six were opposed and one abstained which was counted as a “yes” vote under Senate ru…

NEW YORK (Reuters) — U.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate plans to slow down the pace of its asset purchases. Wells Fargo Chief Executive Charlie Scharf said at a conferenc…

HONG KONG (Reuters) — Macau’s gaming regulator has ordered junket operators in the world’s largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein. Macau’s Gaming Inspection and Coordination Bureau has ordered the operators, who bring big-s…

WASHINGTON (Reuters) — U.S. unit labor costs surged more than initially thought in the third quarter, suggesting inflation could remain high for a while. The Labor Department said on Tuesday that unit labor costs, the price of labor per single unit of output, accelerated at a 9.6% annualized rate l…