Breaking Business news from across New Jersey.
BERLIN (Reuters) – Five economic institutes are predicting Germany’s economy will shrink by 0.6% this year, as rising interest rates take their toll on investment and high inflation depresses consumption.…
(Reuters) – U.S. carrier JetBlue Airways warned on Thursday it expects third-quarter revenue to be at the low end of its prior forecast due to a bigger hit from weather-related…
WASHINGTON (Reuters) -The U.S. Federal Trade Commission filed a lawsuit against Amazon.com that accused the online retail giant of overcharging customers and independent sellers on its platforms as the $1…
A look at the day ahead in U.S. and global markets by Mike Dolan A crude oil price spike to the highest of the year delivered a final blow to…
By Luc Cohen NEW YORK (Reuters) – In 2018, a bespectacled Stanford graduate named Caroline Ellison decided to leave her job on Wall Street to join a startup cryptocurrency hedge…
By Chris Taylor NEW YORK (Reuters) – If you really want to get Monica Dwyer’s attention, just show her a fancy pen. Dwyer may be a financial planner by trade,…
By Sophie Yu and Brenda Goh BEIJING (Reuters) -China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices,…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – A record number of Chinese are choosing to travel at home this Golden Week holiday, potentially boosting domestic consumption but disappointing…
JOHANNESBURG (Reuters) – South Africa’s producer inflation quickened to 4.3% year on year in August from 2.7% in July, statistics agency data showed on Thursday. On a month-on-month basis, the…
By Christoph Steitz FRANKFURT (Reuters) -Volkswagen said on Thursday that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its…
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into…
By Emma Rumney LONDON (Reuters) – Philip Morris International has registered new lobbyists in at least 19 U.S. states this year, and plans to add some in four more in…
By Sheila Dang and Dawn Chmielewski (Reuters) – Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging…
BERLIN (Reuters) – German inflation is likely to ease significantly in September based on data from five key German states on Thursday, signalling what could be the beginning of the…
(Reuters) -China’s Dalian Wanda Group has started negotiations on a proposal to avoid repaying about 30 billion yuan ($4.11 billion) to investors in its commercial property management business if it…
By Andy Home LONDON (Reuters) – China’s appetite for base metal imports appears to be growing. Refined copper volumes hit a year-to-date monthly high in August and primary aluminium imports…
By Alasdair Pal SYDNEY (Reuters) -Pilots at Network Aviation, a subsidiary of Qantas Airways, will go on strike on Oct. 4, the Australian Federation of Air Pilots (AFAP) said on…
CANBERRA (Reuters) – The Australian government said on Thursday that China was removing barriers to imports of hay from Australia, the latest step towards normalising trade relations between the two…
LONDON (Reuters) – New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and…
SINGAPORE (Reuters) – Singapore state investment firm Temasek’s wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China…
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Thursday criticism of proposed reforms to the central bank’s policymaking board by one of his predecessors was “bizarre and wrong”, as…
By Jamie McGeever ORLANDO, Florida (Reuters) -If signals from the U.S. bond market prove accurate, the Fed will be successful in getting inflation down to a ‘2 handle’. Just not…
By Katie Paul and Anna Tong MENLO PARK, California (Reuters) – Meta Platforms Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including bots that create…
SINGAPORE (Reuters) – Singapore’s finance ministry on Thursday announced an additional S$1.1 billion ($802 million) to help households handle increases in the cost of living. The package includes an additional…
PARIS (Reuters) – The French government rammed a long-term public finance bill through parliament without a vote, in a bid to secure billions of euros of EU funding. Using the…