Business

(MVA) —  Over 60 companies throughout the Marianas have met the enhanced safety standards of the World Travel & Tourism Council’s or WTTC. “SafeTravels” program, the world’s first ever global safety and hygiene stamp for the industry. According to  WTTC’s  website, “the SafeTravels Stamp was cr…

(Reuters) —  U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday. The unexpected reading could giv…

TAMUNING, Guam (Special Advertising Feature) —  Docomo Pacific, regional leader in innovation, telecommunications and entertainment, wins Best of the Pacific Award for the second consecutive year. Best of the Pacific is an annual award given by the Stars and Stripes publication to provide local sho…

HÅGATÑA (Special Advertising Feature) — Bank of Guam announced  the launch of their new website, another major milestone in their year-long transformative campaign, The Start of Something New. With a fresh new look, the Bank’s website — bankofguam.com —blends creativity and functionality, designed …

TOKYO (Reuters) — Japanese wholesale prices rose in July at their fastest annual pace in 13 years, data showed on Thursday, a sign that global commodity inflation and a weak yen were pushing up raw material import costs for a broad range of goods. There is uncertainty, however, on whether companies…

NEW YORK (Reuters) — Data on Wednesday hinted that U.S. inflation may have peaked, reassuring investors that the Federal Reserve will not feel obligated to hasten plans to rein in emergency-level support of the economy, but they remained worried that rising prices could continue to weigh on everyth…

(Reuters) — President Joe Biden’s top aides are pressuring OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices that they see as a threat to the global economic recovery. Biden’s national security adviser Jake Sullivan criticized the worl…

WASHINGTON (Reuters) — U.S. consumer prices increases slowed in July even as they remained at a 13-year high on an annual basis, but there were tentative signs inflation has peaked as supply-chain disruptions work their way through the economy. The consumer price index increased 0.5% last month aft…

ASHEVILLE, N.C. (Reuters) — It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its crisis-era support for the economy, according to Richmond Federal Reserve Bank President Thomas Barkin, who added a centrist voice to the open debate about whe…

TOKYO (Reuters) — Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising Covid-19 cases and restrictions in China will dent fuel demand. Brent crude was up by 29 cents, or 0.4%, at $69.33 a barrel by 0359 GMT, a…