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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    U.S. FBI director says TikTok poses national security concerns

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By David Shepardson WASHINGTON (Reuters) – The U.S. operations of Chinese-owned TikTok raise national security concerns, FBI Director Chris Wray said on Tuesday, flagging the risk that the Chinese government …

  • Business News

    U.S. debt limit increase not needed this year -Sen. McConnell

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    WASHINGTON (Reuters) -U.S. Senate Republican Leader Mitch McConnell on Tuesday downplayed the likelihood the chamber will vote by year’s end to raise the federal government’s statutory limit on borrowing, noting …

  • Business News

    Global stocks rise but Polish deaths raise market concerns

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Herbert Lash NEW YORK (Reuters) – Stocks rose and the dollar fell on Tuesday after data provided new signs U.S. inflation was peaking, but markets were rattled by media …

  • Business News

    Regulator suspends licence of FTX’s Australian unit until mid-May

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    (Reuters) -The Australian securities regulator has suspended the licence of the local arm of FTX until mid-May next year, it said on Wednesday, adding to the woes of the collapsed …

  • Business News

    Marketmind: The fog of war

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors clearly want to take stocks and risk assets higher to try and …

  • Business News

    Banking giants and New York Fed start 12-week digital dollar pilot

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Lananh Nguyen NEW YORK (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. …

  • Business News

    Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse – Bloomberg

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    (Reuters) – American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, citing three people …

  • Business News

    Currency trading in a spin after Polish explosion

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as …

  • Business News

    Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Krisztina Than and Jan Lopatka BUDAPEST/PRAGUE (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according …

  • Business News

    Port of Los Angeles October imports tumble, pressured by labor worries

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Lisa Baertlein LOS ANGELES (Reuters) – October volume at the busiest U.S. seaport fell to its lowest level since 2009 as shippers sent cargo to alternate trade gateways to …

  • Business News

    Spain’s core inflation expected to slow down in coming months, minister says

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    MADRID (Reuters) – Spain’s government expects core inflation to start slowing down in the coming months, Economy Minister Nadia Calviño said on Tuesday. Spain’s 12-month core inflation, excluding volatile food …

  • Business News

    U.S. Chamber urges Congress to avert rail strike, extend Boeing 737 MAX deadline

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By David Shepardson WASHINGTON (Reuters) -The U.S. Congress should prevent a potential rail strike and extend a Boeing 737 MAX 7 and 10 certification deadline before lawmakers end work for …

  • Business News

    Biden requests $9.25 billion for COVID, $37.7 billion for Ukraine from Congress -officials

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Jeff Mason WASHINGTON (Reuters) -The Biden administration is asking Congress for $9.25 billion to fight COVID-19 and an additional $37.7 billion to support Ukraine in its war with Russia …

  • Business News

    State Dept OKs potential sale of Patriot missiles to Switzerland, Pentagon says

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale of Patriot missiles and related equipment to Switzerland for an estimated cost of $700 million, the Pentagon said …

  • Business News

    U.S. SEC delays decision on ARK 21Shares spot bitcoin ETF to Jan. 27

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Ark Invest …

  • Business News

    Exclusive-Carlyle seeks to line up bid for urgent care provider Heritage -sources

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By David Carnevali NEW YORK (Reuters) – Carlyle Group Inc is in talks about putting together an acquisition offer for Heritage Provider Network Inc (HPN), a U.S. urgent care group …

  • Business News

    Walmart lifts annual forecast, announces $20 billion share buyback

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Siddharth Cavale and Uday Sampath Kumar (Reuters) -Walmart Inc on Tuesday lifted its annual sales and profit forecast as demand for groceries holds up despite higher prices, while discounts …

  • Business News

    Ford must bring more work in-house to preserve jobs – CEO

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Joseph White DETROIT (Reuters) – Ford Motor Co Chief Executive Jim Farley said on Tuesday the automaker will need to build more components for electric vehicles in its own …

  • Business News

    U.S. SEC stepped up enforcement activity in fy2022, assessed record penalties

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission assessed a record $6.4 billion in fines and ill-gotten gains as it picked up the pace of …

  • Business News

    Euro loses ground after reports Russian missile hit Poland

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    (Reuters) – The euro regained some lost ground after falling sharply against the U.S. dollar on Tuesday following reports that Russian missiles had hit Poland and killed two people. The …

  • Business News

    Canada corporate bond market issuance perking up again

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Divya Rajagopal TORONTO (Reuters) – Canadian corporate bond issuance has begun to rebound after a lull of 10 months, with companies plotting expansion plans and central banks apparently close …

  • Business News

    Africa deserves right to use natural gas reserves – AfDB chief

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Simon Jessop and Emilie Madi SHARM EL-SHEIKH (Reuters) – The right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 …

  • Business News

    High interest rates bring winter gloom to Canada’s housing market

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Julie Gordon OTTAWA (Reuters) – Canada’s housing market has gone cold, with buyers sidelined by soaring borrowing costs and sellers holding off listing in hopes of a spring rally, …

  • Business News

    Argentina strikes $5 billion China currency swap extension

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country’s President Alberto Fernandez said on Tuesday, …

  • Business News

    Colombia economy grew 7% in Q3, beating expectations

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Carlos Vargas and Luis Jaime Acosta BOGOTA (Reuters) -Colombia’s economy grew 7% in the third quarter compared to a year earlier, the government’s DANE statistics agency said on Tuesday, …

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