Breaking Business news from across New Jersey.
MADRID (Reuters) – The European Central Bank still has some way to go in tightening policy but should proceed with caution and calculate with a greater chance of a recession,…
By Dhara Ranasinghe BRUSSELS (Reuters) – High inflation and aggressive central bank rate hikes have created challenging conditions for government bond markets, but the ease of doing trade has held…
By Abhijith Ganapavaram (Reuters) – Airbnb Inc said on Wednesday it had recorded a “disproportionate” 31% rise in single-room listings on its platform in the third quarter, as more people…
(Reuters) – JetBlue Airways Corp said on Wednesday it would expand its transatlantic coverage by offering flights to Paris next year, seeking to cash in on robust demand for overseas…
By David Lawder NUSA DUA, Indonesia (Reuters) -President Joe Biden’s meeting with Chinese President Xi Jinping was a “very constructive” signal that may ease trade tensions between the world’s two…
(Reuters) – The average interest rate on the most popular U.S. home loan saw its largest single-week decline since July, dropping back to just below 7%, as signs inflation has…
(Reuters) -Swiss drugmaker Novartis AG is considering to sell its ophthalmology and respiratory units, a Bloomberg report said on Wednesday citing people familiar with the matter. The company is seeking…
(Reuters) – Peloton Interactive Inc will start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc’s UK platform, it said on Wednesday, in an effort to…
(Reuters) – Shares in U.S. retailers slid in premarket trade on Wednesday after Target Corp warned of a gloomy outlook for crucial holiday quarter sales and announced plans to save…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system which absorbs most social spending and…
By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) – As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried…
By Steven Scheer JERUSALEM (Reuters) -Israel’s economic growth slowed in the third quarter as consumer spending weakened, though it still appears likely that high inflation will prompt another hefty Bank…
(Reuters) – Belarus said on Wednesday that it had signed a credit agreement worth 105 billion roubles ($1.74 billion) with Russia to finance import substitution projects. Belarusian companies will produce…
By Howard Schneider WASHINGTON (Reuters) – Accumulating evidence that prices are slowing, alongside signs of stretched consumer finances and even the recent layoffs in the technology sector, may bolster faith…
By Kevin Yao BEIJING (Reuters) – Chinese government advisers say they will recommend modest economic growth targets for next year ranging from 4.5% to 5.5% to an annual policymakers’ meeting,…
JOHANNESBURG (Reuters) – South African retail sales fell 0.6% year on year in September after rising by a revised 2.1% in August, Statistics South Africa figures showed on Wednesday. On…
By Michael S. Derby NEW YORK (Reuters) – Fears that aggressive Federal Reserve interest rate rises would break the Treasury bond market have failed to come to fruition so far,…
A look at the day ahead in U.S. and global markets from Mike Dolan. The jolt to world markets from Tuesday’s explosion in Poland reminded otherwise buoyant investors that geopolitics…
By Krystal Hu and Eva Mathews (Reuters) -Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at…
(Reuters) – Inflation is at risk of becoming entrenched in the economy from an overheated job market, making it difficult for the Federal Reserve to bring down inflation without a…
LONDON (Reuters) – Pay awards by British employers held at a 30-year high of 4% in the three months to October, well below annual inflation of more than 11%, data…
FRANKFURT (Reuters) -Risks to the euro zone’s financial stability are on the rise as the economy heads for a likely recession so any reduction in the European Central Bank’s bond…
By Summer Zhen HONG KONG (Reuters) – Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce giant Pinduoduo in the third quarter while cutting holdings in…
By John O’Donnell and Balazs Koranyi FRANKFURT (Reuters) -Energy companies’ use of derivatives poses a wider financial risk, the European Central Bank said on Wednesday, cautioning that those firms could…
By Pushkala Aripaka (Reuters) – Britain’s lenders are seeking more data on the finances of potential and existing customers as a cost-of-living squeeze raises the risk of borrowers struggling with…