Business

HAGÅTÑA (The Guam Daily Post) — Claire Mariano, 36, was wary about getting the Covid-19 vaccine, having heard claims it was risky, even as health experts said it’s safe. “I honestly don’t want to get the vaccine. I don’t feel like I should get it, as long as I watch my dista…

(Reuters) —  Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes. Atlanta Federal Reser…

(MVA) — The Marianas Visitors Authority has created five ad hoc committees  to evaluate the feasibility of travel resumption from major sources markets. The MVA board of directors voted on Friday, Aug. 6, to create ad hoc committees for Japan, Taiwan, Hong Kong, Australia, and Korea, which already …

WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen on Monday again urged Congress to raise the U.S. debt limit through bipartisan action as the federal government moves closer to exhausting its borrowing capability, warning of economic harm. The move would not increase government spending …

(NMC) — The Pacific Supply 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. The NMC ProaPerks program provides exclusive discounts…

HAGÅTÑA (The Guam Daily Post) — After a 17-month suspension of flights due to Covid-19 restrictions, Korean Air resumed its regular service to Guam early Friday morning with 82 passengers. The aircraft has 277 seats. Other airlines from Korea that resumed or added regular flights have also seen lot…

HONOLULU, Hawaii (Joint Press Release) — Prompted by an alarming increase in Covid-19 cases, Bank of Hawaii, First Hawaiian Bank and Territorial Savings Bank have announced that effective Sept. 30, they will require employees to show proof of full vaccination or undergo weekly Covid-19 testing. Und…

WASHINGTON (Reuters) — U.S. consumer credit grew at the fastest rate ever in June, as Americans increased their credit card usage to drive consumer spending in the second quarter, data from the Federal Reserve showed on Friday. Total consumer credit expanded at a pace of $37.69 billion, which was t…

WASHINGTON (Reuters) — The looming exit of the Federal Reserve’s top regulatory official will give Democrats an opportunity to reverse the central bank’s Wall Street-friendly course without ditching Chair Jerome Powell when his term expires next year. Randal Quarles, who was appointed t…

WASHINGTON (Reuters) — President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026, the White House said. Biden’s goal, which is not legally…