Business

MAJESTY Chinese Restaurant temporarily closed on Thursday for renovation. The restaurant on Beach Road in Garapan announced that in an effort to serve its customers better, it will be closed from June 24, 2021 to June 30, 2021. Then, it will tentatively reopen on July 1, 2021. The restaurant manage…

HONOLULU (Special Advertising Feature) — Bank of Hawaii is celebrating the growing success of its College Assistance Program, a tuition-free employee benefit that so far has paid for the associate’s or bachelor’s degrees of eight teammates in Hawaii and the West Pacific Region. Eighty employees are…

(Special Advertising Feature) — Docomo Pacific, regional leader in innovation, telecommunications, & entertainment, takes pride in supporting Pride Marianas Youth’s events celebrating Pride month. June is Pride month! A global celebration where many collective voices unite to support and honor …

CHICAGO (Reuters) — In 2018, Whirlpool Corp swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs. This year, it is paying $1 billion for steel and other materials, but the West Michigan appliance maker is on track to post its highest profit in decades. T…

WASHINGTON (Reuters) — Inflation driven by the quick reopening of the U.S. economy could take “some time” to ease, Federal Reserve Gov. Michelle Bowman said on Wednesday, adding a note of caution about the durability of price increases Fed officials have largely characterized as tempora…

WASHINGTON (Reuters) — Leaders of environmental and labor groups — two of President Joe Biden’s biggest supporters — urged the White House and Democratic congressional leaders on Tuesday to reject any bipartisan infrastructure deal that lacks strong provisions to tackle climate change and str…

WASHINGTON (Reuters) — Federal Reserve Chair Jerome Powell on Tuesday will testify in a congressional hearing likely to focus on how the U.S. central bank is balancing rising inflation risks with its promise to ensure the economy recovers all the jobs lost after the onset of the coronavirus pandemi…

BRUSSELS (Reuters) — The world’s financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax and call for technical work to be finished so they can approve the framework for implementation in October, their draft communiqué showed. “After many years of disc…

TOKYO (Reuters) — Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding crackdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to…

WASHINGTON (Reuters) — The U.S. Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best chance after the pandemic, is being tested by a potentially table-turning rebound of inflation and what’s become a relative rush of policymakers de…