Business

(Special Advertising Feature) — IT&E, a leading telecommunications provider in the Marianas and Guam, is excited to announce the launch of its refreshed brand identity to reemphasize company’s commitment to fostering meaningful relationships and enhancing the experiences of its customers and pa…

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange in New York City, May 10, 2023. (Reuters) — Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million, as the conglo…

President Joe Biden and Vice President Kamala Harris attend a meeting with members of the White House Covid-19 Response Team in the South Court Auditorium at the White House complex in Washington, D.C., Jan. 4, 2022. (Reuters) — Meta Platforms CEO Mark Zuckerberg said the Biden administration had p…

Federal Reserve Board Chairman Jerome Powell leaves after a news conference at the Federal Reserve Building in Washington, D.C., Dec. 14, 2022. (Reuters) — With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out wh…

Federal Reserve Chair Jerome Powell delivers remarks during a press conference in Washington, D.C., June 12, 2024. JACKSON HOLE, Wyoming (Reuters) — Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in the final …

The Wall Street entrance to the New York Stock Exchange is seen in New York City, Nov. 15, 2022. (Reuters) — U.S. company executives are talking much more about the upcoming presidential election than they did four years ago as a wider policy rift between candidates Kamala Harris and Donald Trump r…

Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., Aug. 29, 2020. (Reuters) — A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ riv…

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia on June 13, 2022. Picture taken with a drone. (Reuters) — Oil prices dipped on Tuesday, retreating for a third straight day, as Isr…

BENGALURU (Reuters) — The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority of economists polled by Reuters who said a recession is unlikely. The change in Fed r…

THE Marianas Business Network is excited to announce its upcoming mixer event on Wednesday, Aug. 28, from 6 p.m. to 8 p.m. at the new Tom Yum Restaurant event space on Beach Road across from the Pacific Islands Club. This free event will feature the Commonwealth Economic Development Authority as sp…