Business

Guests enjoyed an up-close look at the Lexus RX 350 F-Sport, one of three Lexus luxury SUVs featured at Atkins Kroll’s Lexus Soft Launch Event on Saipan on Aug. 23, 2023. (Special Advertising Feature) — Atkins Kroll Inc., an Inchcape company, held a soft launch for its Lexus brand in the AK s…

(Reuters) — The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping drive mortgage applications to a 28-year low, a survey showed on Wednesday. The Mortgage Bankers Association said the average contract rate on a 30-year fixed-rate mortgage cl…

(Reuters) — Wall Street’s main indexes pared gains on Tuesday, as U.S. Treasury yields rose on growing worries about interest rates staying higher for longer, while gains in Nvidia shares fizzled out in the run up to the chip designer’s earnings. The yield on the 10-year Treasury note s…

The Federal Reserve building is pictured in Washington, D.C., March 18, 2008. WASHINGTON (Reuters) — After puzzling for years over the sluggish U.S. rebound from the 2007-2009 recession, the Federal Reserve had a reckoning at its policy meeting in September of 2016. Because of poor productivity and…

HONG KONG/NEW YORK (Reuters) — Embattled developer China Evergrande Group has filed for U.S. bankruptcy protection as part of one of the world’s biggest debt restructurings, as anxiety grows over China’s worsening property crisis and its impact on the weakening economy. China unexpected…

HAGÅTÑA (Special Advertising Feature) — Bank of Guam is taking banking to a whole new level with the re-opening of its Tamuning Branch, unveiling a glimpse into its Branch of the Future design. Located in the ITC building, the Tamuning Branch reopens Friday, Aug. 18 at 9 a.m. The newly renovated br…

CNMI SBDC Marketing Manager and Outreach Specialist Roman Tudela speaks with Latte Built staff member Ralph Villas. (NMC) — As part of its continuing efforts to expand entrepreneurial capacity in the Commonwealth, the CNMI Small Business Development Center Network at Northern Marianas College has p…

HONOLULU (BoH) — Bank of Hawai‘i Foundation announced a contribution of $100,000 to Hawai‘i Community Foundation’s Maui Strong Fund to support residents affected by the devastating Maui wildfires. “Our hearts go out to everyone impacted by the wildfires on Maui. To see the devastation and know that…

HONOLULU (BoH) — Bank of Hawai‘i is announcing several financial assistance programs to help Maui residents affected by the ongoing wildfires. “The devastation unfolding on Maui is heartbreaking for all of us. While we are only just beginning to comprehend the great loss to our community, our hope …

Maersk containers are stored at Zona Franca in Barcelona, Spain, Nov. 3, 2022. NEW YORK/LONDON (Reuters) — Lean times faced by many U.S. and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. Full-to-bu…