(Reuters) — Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.

WASHINGTON (Reuters) — Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith.

NEW YORK (Reuters) — A resilient U.S. economy and expectations of a nearing peak in the Federal Reserve’s monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuations and the potential for inflation to rebound.

WASHINGTON (Reuters) — The U.S. economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at bay.

(NMC) — While it is not uncommon for Northern Marianas College graduates to wear many hats, there’s one graduate who stands out as an extraordinary example of resilience and determination.

TOKYO (Business Wire) — The NTT Group (NTT Corporation, NTT Docomo Inc. and NTT East Corporation) announced that the companies will provide support toward Guam’s disaster recovery efforts through the provision of NTT network engineers and repair equipment in the wake of Typhoon Mawar.

(NMC) — Employers and human resources professionals looking to strengthen their knowledge in personnel and staff management are invited to attend a free training session hosted by the CNMI Small Business Development Center at  Northern Marianas College.

(Reuters) — French-Italian automaker Stellantis and South Korean battery maker Samsung SDI on Monday said they plan to open a second joint-venture plant in the U.S. to build electric vehicle batteries, with a target to start production in 2027.

(Reuters) — Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds."

(SCC) — The Saipan Chamber of Commerce hosted its 2nd Quarter Networking Mixer on July 19, 2023, at its new office in Suite 201-A, 2nd Floor, Marianas Business Plaza. Themed "Thriving Twenty Three," the event commemorated the chamber's rich history and its achievements in recent years.

SHRM CNMI Chapter will host a general membership meeting at the Saipan World Resort Sunflower Ballroom on Thursday, Aug. 3, 2023, from 11:30 a.m. to 1 p.m. Doors will open at 11 a.m.

(NMC) — The Tinian Small Business Development Center at the Northern Marianas College Tinian Center will be hosting “Tinian Small Business Night-Christmas in July” on Thursday, July 27, 2023 from 5 p.m. to 8 p.m. at the Tinian Fiesta Grounds. This is a locally powered shopping event featurin…

LONDON (Reuters) — Global shares and commodities slipped on Monday after data showed the Chinese economy is growing more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises.

JOHN Lee, the owner of Cha Café, said its second location will soon open at Mobil Garapan on Middle Road.

SYDNEY (Reuters) — Asian shares and bonds rallied on Thursday while the dollar nursed heavy losses, as a surprisingly low reading on U.S. inflation reinforced bets the end of the Federal Reserve's post-pandemic tightening cycle is in sight.

WASHINGTON (Reuters) — U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month.

HAGÅTÑA (BoG) — Bank of Guam announces the reopening of its Mangilao branch, effective Tuesday, July 11, 2023. The branch will resume normal operating hours, welcoming customers Monday to Friday from 9 a.m. to 4 p.m.

HOUSTON (Reuters) — A coming wave of North American liquefied natural gas or LNG export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers.

PAGO PAGO (USDOL) — A Pago Pago building construction company’s long history of violations of federal workplace safety and health laws continued after inspections at two American Samoa work sites where the employer exposed workers to numerous dangerous hazards.

MCDONALD'S of Guam is thrilled to announce the groundbreaking of its new location in the vibrant village of Mangilao. The official groundbreaking ceremony took place on June 29, 2023 at the site, situated next to Mangilao Mobil.

(NMC) — As part of efforts to expand community partnerships and to help expand the Commonwealth’s entrepreneurial capacity, the CNMI Small Business Development Center Network at Northern Marianas College and the Saipan Chamber of Commerce have signed a memorandum of understanding for the year 2023.

(FHB) — First Hawaiian Inc. announced the upcoming retirements of three members of its senior leadership team: Vice Chairman and Chief Risk Officer Ralph Mesick; Vice Chairman and Chief Lending Officer Lance Mizumoto; and Executive Vice President & Chief Human Resources Officer Iris Matsumoto.

(Reuters) — Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working.

(Reuters) — Apple Inc's stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets.

(SCC) — The Saipan Chamber of Commerce is excited to share the success of its recent Customer Service Excellence training.

SHRM-CNMI Chapter will host a general membership meeting at the Saipan World Resort Sunflower Ballroom on Monday, July 10, 2023, from 11 a.m. to 2:30 p.m. Doors will open at 10:45 a.m.

(Reuters) — U.S. stock index futures slipped on Monday after a short-lived revolt in Russia over the weekend, while investors await economic data to gauge the impact of the Federal Reserve's aggressive monetary tightening on the U.S. economy.

HONOLULU (BoH) — Bank of Hawai‘i was honored on June 13 with a bronze level U.S. President’s Volunteer Service Award at the JA Volunteer Summit, presented by Mercedes-Benz USA in Washington, D.C. The award recognizes select organizations that contributed at least 1,000 Junior Achievement vol…

THE Saipan Chamber of Commerce is delighted to announce its upcoming July general membership meeting, scheduled to take place on Wednesday, July 5, from 11:30 am to 1:30 pm at the Hyatt Regency Ballroom. This informative meeting will feature prominent presenters from IT&E and the Commonw…

(SCC) — The Saipan Chamber of Commerce is excited to remind everyone about its upcoming 2nd Quarter Professional Development Training led by Jim Arenovski of Island Training Solutions.

(Reuters) — The Philippine central bank will leave its key interest rate unchanged at 6.25% for a second straight meeting on Thursday and the remainder of the year as price pressures ease, a Reuters poll of economists found.

LONDON (Reuters) — Oil prices fell on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

JERUSALEM (Reuters) — U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country.

LONDON (Reuters) — Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world's most influential interest rate setter that the tightening cycle may not be over yet.

(Reuters) — Anheuser-Busch InBev's Bud Light has lost its top spot in the U.S. beer market to Constellation Brands' Modelo Especial, following backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney.

CMA CGM Foundation, the CMA CGM Group’s philanthropic arm, has launched a disaster relief effort in response to Typhoon Mawar that impacted Guam and Rota in the Northern Mariana Islands. The Foundation is coordinating efforts to mobilize resources through Group subsidiary, American President…

HONOLULU (BoH) — Bank of Hawai‘i Foundation has announced a contribution of $30,000 for the American Red Cross Pacific Islands Region to help relief efforts underway following Typhoon Mawar.

NEW YORK (Reuters) — Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough sell for the global sandwich chain.

(Reuters) — Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.

FIRST Hawaiian Bank is committed to supporting the residents of Guam in the aftermath of Typhoon Mawar. The impact of the storm has left many in need of assistance, and the bank has implemented financial relief programs.

WASHINGTON (Reuters) — U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months.

(SCC) — The Saipan Chamber of Commerce is thrilled to announce its upcoming second quarter professional development training, led by Jim Arenovski of Island Training Solutions. The training is scheduled to take place on Wednesday, June 28, 2023, offering two sessions to accommodate participa…

GUAM (BoH) — Bank of Hawai‘i has initiated financial assistance programs to help Guam residents affected by Super Typhoon Mawar.