Breaking Business news from across New Jersey.
By David French and Andres Gonzalez (Reuters) – Grupo Mexico, the conglomerate controlled by billionaire German Larrea, has secured a $5 billion debt package for its proposed acquisition of Citigroup…
By Krystal Hu (Reuters) – OpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a…
By Milana Vinn (Reuters) – Rapid7 Inc, the cybersecurity firm that hired Twitter Inc whistleblower Peiter Zatko last month, is exploring options that include a possible sale after attracting acquisition…
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward…
By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund on Wednesday sent a thinly veiled warning to Argentina that it must not undermine targets to rebuild its “scarce” foreign…
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday after sliding more than $3 a barrel in the session after U.S. government data showed big builds in crude oil,…
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the U.S. central bank may be able to undue some of…
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that his hopes for an economic soft landing, despite very aggressive interest rate rises, remain alive. “I continue to think…
By Abigail Summerville NEW YORK (Reuters) – Subway’s late co-founder has left his 50% stake in the sandwich chain to his philanthropic foundation, protecting billions of dollars in proceeds from…
(Reuters) – Congress lifting the debt ceiling is the “only way forward” to allow the federal government to meet its obligations and no one should expect the Federal Reserve to…
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose and the U.S. dollar and Treasury yields were lower on Wednesday after the Federal Reserve raised its…
By Karen Freifeld (Reuters) – A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S.…
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there had not been enough progress bringing price pressures back to…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, which…
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort…
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already…
NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid an ongoing rout in the wider Adani Group’s stocks sparked…
By Chibuike Oguh (Reuters) – Blackstone Inc said on Wednesday it had blocked withdrawals from its $69 billion real estate income trust (BREIT) in January, as the private equity firm…
By Priyamvada C (Reuters) -Peloton Interactive Inc on Wednesday forecast current-quarter revenue above expectations, in an early sign that its efforts to boost sales, including by selling on third-party platforms,…
By Patrick Wingrove (Reuters) – U.S. patients will finally get access to cheaper versions of AbbVie Inc’s blockbuster arthritis drug Humira this year, but the cost savings are expected to…
BRUSSELS (Reuters) – The European Commission presented its Green Deal Industrial Plan on Wednesday in response to the U.S. Inflation Reduction Act (IRA), with increased levels of state aid to…
MUMBAI (Reuters) -India’s Adani Group called off its $2.5 billion share sale late on Wednesday, in a dramatic reversal triggered by the ongoing meltdown of its company stock prices. Hindenburg…
By Mehnaz Yasmin (Reuters) – Citigroup Inc’s shares are approaching a potential bullish technical signal which indicates that this year’s 14% rally could continue, even as some analysts remain critical…
NEW DELHI (Reuters) – India’s Adani Enterprises on Wednesday called off its $2.5 billion share sale, citing market conditions, a week after a U.S. short-seller’s critical report unleashed a rout…