Business

A jogger runs past the Federal Reserve building in Washington, D.C., Aug. 22, 2018. WASHINGTON (Reuters) — The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as September by acknowledging inflation has …

SYDNEY, Australia — Pacific island countries have ambitious targets to increase their investments in renewable energy, which will reduce electricity generation costs and improve supply reliability, according to a new policy paper published by the Asian Development Bank’s Pacific Private Sector Deve…

(SCC) — The Saipan Chamber of Commerce is thrilled to announce its upcoming August General Membership Meeting or GMM scheduled for Wednesday, August 7, 2024, from 11:30 a.m. to 1 p.m. at Charley’s Room, Pacific Islands Club. This GMM will feature updates from our committee chairs who will present u…

(SBDC) — The CNMI Small Business Development Center Network is excited to remind everyone about Saipan’s upcoming “Christmas in July” celebration happening Thursday, July 25, 2024 from 5 p.m. to 8 p.m. in the NMC As Terlaje campus pine tree parking lot (Bldg. V) for a festive evening fi…

Cap: A man walks past the London Stock Exchange in the City of London, Oct. 11, 2013. LONDON/NEW YORK (Reuters) — Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed, while oil prices edged higher after trading near-six week lows as summer demand fail…

The Federal Reserve Building stands in Washington, April 3, 2012. BENGALURU (Reuters) — The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majori…

James Polk, left, and Matthew Emerson. HONOLULU (BoH) — Bank of Hawai‘i Chairman and CEO Peter S. Ho announced Friday that Vice Chair and Chief Banking Officer James C. Polk has been promoted to president of Bank of Hawai‘i Corporation and its primary operating subsidiary Bank of Hawai‘i, and Vice …

Flight delays at Cancun International Airport, Friday, July 19, 2024. SAN FRANCISCO (Reuters) — Security experts said CrowdStrike’s routine update of its widely used cybersecurity software, which caused clients’ computer systems to crash globally on Friday, apparently did not undergo ad…

A trader works on the floor at the New York Stock Exchange in New York City, March 7, 2024. (Reuters) — The Nasdaq and the S&P 500 bounced back on Thursday, boosted by a recovery in megacaps, as an upbeat forecast from Taiwan Semiconductor Manufacturing lifted chip stocks after a sharp sell-off…

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. UPPER MARLBORO, Maryland (Reuters) — Top Federal Reserve officials said on Wednesday the U.S. central bank is “closer” to cutting interest rates given inflation’s impr…