WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits dropped to a 52-year low last week, suggesting economic activity was accelerating as a year ravaged by shortages, high inflation and an unrelenting pandemic draws to a close.

(Reuters) — The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve sites to be delivered between late-December and April 2022, the Department of Energy or DOE said as it auctions oil to try to lower global prices.

WASHINGTON (Reuters) —  The number of Americans filing new claims for unemployment benefits dropped to a 52-year low last week, suggesting economic activity was accelerating as a year marked by shortages, high inflation and an unrelenting pandemic draws to a close.

(Reuters) — As Federal Reserve Chair Jerome Powell looks forward to four more years at the helm of the world's most powerful central bank, attention is turning to the increasing likelihood he and his fellow policymakers will wean the U.S. economy off emergency support faster in the face of h…

BEIJING/LONDON/WASHINGTON (Reuters) — China, the world's largest crude importer, was non-committal about its intentions to release oil from its reserves per a request from the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to …

WASHINGTON (Reuters) — The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

NEW YORK (Reuters) — Wall Street banks are planning for a sustained period of higher inflation, running internal health checks, monitoring whether clients in exposed sectors could pay back loans, devising hedging strategies and counseling caution when it comes to deals.

NEW YORK (Reuters) — Investors are betting that newly renominated Federal Reserve Chairman Jerome Powell will need to step up the pace at which the central bank is normalizing monetary policy to better grapple with surging consumer prices.

Bank of Saipan is an official 2021 “Toys for Tots” partner this holiday season. Community members who would like to donate toys to the “Toys for Tots” program can drop off their donation at Bank of Saipan. The “Toys for Tots” program is a charitable initiative hosted by the U.S. Marine Corps…

WASHINGTON (Reuters) — Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banke…

LONDON (Reuters) — Borrowing costs for U.S. dollars in currency derivatives markets rose on Monday to their highest levels in nearly a year, driven up by the year-end dollar funding rush and the euro's steady slide against the greenback.

(Reuters) — Disney World near Orlando, Florida, operated by Walt Disney Co, has put its Covid-19 vaccination mandate on hold, a spokesperson said on Saturday.

(Reuters) — Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank's most influential officials signaling on Friday that the idea will be on the table at the Fed's next meeting.

WASHINGTON (Reuters) — Corporate America mounted fresh attacks on Friday on President Joe Biden's antitrust enforcers who have vowed to rein in anticompetitive practices and vigorously investigate corporate crime.

THE second session of the infrastructure recovery training took place this week at Aqua Resort Club with 40 participants.

COLONIA, Yap (Press Release) — Manta Ray Bay Resort & Yap Divers has been voted the #1 resort in the Pacific/Indian Ocean region in the value-for-money category in Scuba Diving magazine’s annual readers’ poll of the best destinations, dive resorts, dive operators and liveaboard vessels.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery continues, though a shortage of workers remains an obstacle to faster job growth.

THE CNMI Small Business Development Center will host a free virtual training on preparing a marketing plan for new and aspiring business owners.

 MANGILAO, Guam —  Guam Community College has loaned Atkins Kroll Inc. Toyota Guam GCC’s working hybrid engine model to display in AK’s Tamuning showroom.

WALMART Inc shares on Tuesday suffered their biggest intraday drop since May after high labor and supply chain costs ate into quarterly margins, even as the world's biggest retailer raised its annual sales and profit forecast.

FEDERAL Reserve officials said on Tuesday they are vigilant of the ways that higher inflation can affect U.S. households and dampen consumer sentiment and want to get it under control.

WASHINGTON (Reuters) —  U.S. retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.

HAGÅTÑA (The Guam Daily Post) — Jonel Reyes, 31, believes she has the right answer to the question of when Ross Dress for Less will open at the Agana Shopping Center in Hagåtña.

WASHINGTON (Reuters) — A year ago, as the coronavirus built toward its most intense peak, the U.S. economy was in a dark spot with job growth stalled, more than 10 million out of work and about to lose unemployment benefits, and warnings of a slide back into recession.

AMSTERDAM (Reuters) — Royal Dutch Shell's decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige.

TRIPLE J Saipan Inc. is proud to announce the recent hire of Fred Camacho as business development manager and Keith Ahn as the manager for Saipan Surfrider Hotel.

FIRST Hawaiian Bank Chairman, President and Chief Executive Officer Bob Harrison announced the promotion of Edward Untalan to executive vice president and retail banking region manager for the Guam and CNMI region.

(Reuters) — Tesla CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth of Tesla shares this week was "closer to tax maximization than minimization."

SYDNEY (Reuters) — As closed borders intensify a skills shortage, demand for Australian mergers and acquisitions lawyers is so high that firms are offering sign-on bonuses for the first time in 15 years and have nearly doubled recruiting fees.

TOKYO (Reuters) — Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening.

(Reuters) —  For all the central bank assurances about the inflation spike being transitory, investors are struggling to look past the biggest annual rise in U.S. inflation in 31 years.

THE Hotel Association of the Northern Mariana Islands reported 33 percent average occupancy rate among its 11 member hotels for October 2021.  The figure is over seven times higher compared to October 2020, with 14,074 room nights sold this October compared to 2,118 rooms last October.

THE CNMI  Small  Business  Development  Center  invites  you  to  register for a free virtual training on "How to Write a Business Plan" slated for Friday, November 12, 2021 from 2:00pm-4:00pm. In this training, participants will learn the Three "M’s" of a Business Plan: Money, Management, a…

FOR the fourth consecutive year, Bank of Guam has earned MarCom Awards in marketing and communications excellence, for which there were 6,000 entries from submissions in 41 countries for the 2021 MarCom International Awards Competition.

WASHINGTON (Reuters) — U.S. producer prices increased solidly in October, driven by surging costs for gasoline and motor vehicle retailing, suggesting that high inflation could persist for a while amid tight supply chains related to the pandemic.

(Reuters) — The U.S. Federal Reserve looks at a wide range of indicators in gauging how close the economy is to reaching full employment, Fed Chair Jerome Powell said on Tuesday, as he reiterated the benefits of targeting workers who often remain on the sidelines.

SYDNEY (Reuters) —  Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favorable news and inflation fears.

BOSTON/GLASGOW (Reuters) — A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change.

WASHINGTON (Reuters) — The U.S. Federal Reserve's hoped-for surge of people into the U.S. job market fell short again in October, with the labor force participation rate now flat for 15 months and continued broad wage gains reflecting what's become perhaps the key supply "bottleneck" for the…

WASHINGTON (Reuters) — Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech giants to make acquisitions.

(Reuters) — Dubai plans to merge the departments of economy and tourism and hopes to attract 25 million tourists in 2025, Sheikh Hamdan bin Mohamed Bin Rashid Al Maktoum, Dubai's Crown Prince, said on Twitter on Saturday.

BEIJING (Reuters) — China's foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of other major currencies.

NEW YORK (Reuters) — The Fed's well-telegraphed taper announcement has done little to soothe the nerves of some investors, who remain on edge about stubbornly persistent inflation and are looking to trim risk as they prepare for rockier times.

WASHINGTON (Reuters) —  A measure of U.S. services industry activity surged to a record high in October likely as declining Covid-19 cases boosted demand, but businesses remained burdened by snarled supply chains and the resulting exorbitant prices.

WASHINGTON (Reuters) — The Federal Reserve on Wednesday is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated.

SINGAPORE (Reuters) — Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with bitcoin's rally and riding on news of wider blockchain adoption.

(Reuters) — Deere & Co. workers were set to continue their three-week-old strike after they voted to reject a second contract reached between the U.S. tractor maker and the United Auto Workers union that bumped up wages and bonuses, UAW said on Tuesday.

NEW YORK (Reuters) — Wall Street banks are intensifying preparations for the Federal Reserve's withdrawal of pandemic stimulus to ensure they are able to handle spikes in market volatility, help clients manage their risks -- and score a profit.