Business

(Reuters) —  Robinhood Markets Inc is targeting a valuation of up to $35 billion in its initial public offering in the United States, the company revealed in a filing on Monday, setting the stage for one of the highly anticipated stock market listings of the year. The listing plans come just months…

WASHINGTON (Reuters) — Facebook on Saturday defended itself against President Joe Biden’s assertion that the social media platform is “killing people” by allowing misinformation about coronavirus vaccines to proliferate, saying the facts tell a different story. “The data sho…

(Reuters) — Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant. On Thursday, Los Angeles County said it would reimpose its mask ma…

(Reuters) — Minneapolis Federal Reserve President Neel Kashkari said many U.S. economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown. “Basically, what’s happening is the U.S. economy went through a very abrupt shutdown a year ago,R…

TOKYO (Reuters) — Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs in Tokyo, extending through the Olympic Games, weigh on consumption, a Reuters poll found. But analysts saw growth accelerating in the fourth quarter…

(NMC) — Rota-based business Kin and Rit Enterprises is the latest company to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. Kin and Rit enterprises own and operate Coral Garden Hotel, Lucky Store  Lucky II Mart, and Pizzaria Bar & Gril…

SHANGHAI (Reuters) — Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fueled investor expectations that the Federal Reserve could exit pandemic-era stimulus earlier than previously thought. The U.S. consumer price index jumped 0.9% in June, the Labor …

WASHINGTON (Reuters) — U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. With used cars and trucks accounting for more than…