Breaking Business news from across New Jersey.
-Activision Blizzard Inc, which is being acquired by Microsoft Corp for $68.7 billion, missed market estimates for fourth-quarter adjusted sales on Thursday, as the pandemic-fueled sales boost for its games…
By Danielle Kaye NEW YORK – Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google’s YouTube.…
TOKYO – Japanese is not considering reviewing future national sales tax rates as the current 10% levy provides a vital source of funding the social security spending to support its…
By Jeffrey Dastin and Nivedita Balu – Amazon.com Inc on Thursday said it was raising the price of its annual U.S. Prime subscriptions by 17%, as it looks to offset…
By Daina Beth Solomon MEXICO CITY – An upstart union supported by international activists on Thursday won an election to represent General Motors workers in central Mexico, opening the door…
By Blake Brittain – Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over…
-Pinterest Inc delivered its first annual net income on Thursday as strong advertising revenue drove its fourth-quarter results past Wall Street expectations and softened the blow from a shrinking user…
By Paresh Dave and Elizabeth Culliford – TikTok, the pandemic and mobile data costs in India all helped draw people away from Facebook at an unprecedented rate last quarter. The…
By Danilo Masoni, Akash Sriram and Noel Randewich – Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a U.S. company, after…
By Andrea Shalal WASHINGTON – The head of the International Monetary Fund on Thursday said an agreement reached in principle with Argentina on a new standby loan was “pragmatic” but…
By Joseph White and Paul Lienert DETROIT -Ford Motor Co ended 2021 with $36 billion in cash, a crop of hot-selling new electric vehicles and a bullish forecast for revenue…
– Shares of Snap and Pinterest surged in extended trading on Thursday following strong quarterly reports, and Twitter also jumped, marking a massive reversal from a wipeout in those social…
By Andrea Shalal WASHINGTON – The head of the International Monetary Fund said on Thursday it was “too early” to say if the world was facing a period of sustained…
By Sheila Dang -Snap Inc on Thursday said its advertising business bounced back from the effects of Apple Inc’s privacy changes faster than it expected, and shares of the company…
By Svea Herbst-Bayliss BOSTON -Hedge funds Citadel and Saba Capital Management sidestepped January’s stock market selloff to post gains as many other firms started the year off in the red,…
By Katanga Johnson WASHINGTON – Global equity markets slumped lower on Thursday while gold prices steadied and the dollar weakened as frightened investors digested disappointing updates from major central banks…
By Tina Bellon AUSTIN, Texas – Tesla Inc on Wednesday applied for a permit to extend its existing Austin-based car factory with a building to produce cathodes for battery manufacturing,…
By Jonnelle Marte and Aleksandra Michalska – Gina Marino quit two jobs last year. In the summer, she left a position at a small social media marketing agency for a…
By David Shepardson WASHINGTON – U.S. lawmakers on Thursday blasted two federal agencies for failing to avoid an embarrassing last-minute standoff between the aviation and wireless industries over 5G C-Band…
By David Gaffen NEW YORK -Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing…
By Maiya Keidan TORONTO -Facebook owner Meta Platforms Inc was widely held by hedge funds, according to recent data, leaving a number of funds potentially exposed by the wipe-out in…
By Gertrude Chavez-Dreyfuss NEW YORK -The euro surged to a three-week high against the U.S. dollar on Thursday after comments from European Central Bank President Christine Lagarde fuelled expectations of…
– Bank of New York Mellon Corp said on Thursday its employees will return to offices starting March 7, according to a memo seen by Reuters, in regions where conditions…
– American Express Co said on Thursday it would ask its New York employees to work from office at least once a week, starting March 1, according to a memo…
By Howard Schneider WASHINGTON – The U.S. Federal Reserve needs to begin raising interest rates but it is too soon to say how far or fast that process will need…