Breaking Business news from across New Jersey.
By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – FTX was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized access…
(Reuters) -Twitter Blue will probably “come back end of next week”, billionaire owner Elon Musk said in a tweet on Saturday. Twitter on Friday paused its recently announced $8 blue…
By William Schomberg LONDON (Reuters) -British finance minister Jeremy Hunt said he will have to raise taxes in next week’s budget plan in order to fix the public finances and…
By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank…
By Aidan Lewis and Sarah El Safty SHARM EL-SHEIKH, Egypt (Reuters) – Strengthening trade ties and regional security will be priorities in an upcoming visit by Chinese leader Xi Jinping…
By David Lawder NUSA DUA, Indonesia (Reuters) – With odds of a split U.S. Congress rising, Treasury Secretary Janet Yellen warned that lawmakers’ failure to raise the statutory limit on…
By Nivedita Balu (Reuters) -Twitter Inc paused its recently announced $8 blue check subscription service on Friday as fake accounts mushroomed, and new owner Elon Musk brought back the “official”…
(Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help…
NUSA DUA, Indonesia (Reuters) -Elon Musk will join the G20 summit in Indonesia’s Bali virtually rather than in person, an official from the Indonesian Chamber of Commerce told CNBC Indonesia…
TRENTON, NJ – New Jersey Governor Phil Murphy this weekend said the United States economy under President Joe Biden would not tank but stay cool. Murphy, a possible contender for…
NEW YORK (Reuters) – FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after…
SHANGHAI (Reuters) – Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that…
(Reuters) -Collapsed crypto exchange FTX said on Saturday it had seen “unauthorized transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform. Blockchain analytics…
By Angus Berwick New York (Reuters) – At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The…
By Casey Hall SHANGHAI (Reuters) – Alibaba Group opted not to disclose the final sales tally of its annual Singles Day shopping festival for the first time since it started…
(Reuters) – Galois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on…
TOMS RIVER, NJ – Remnants of Toms River’s past are quickly fading, and this week, a Jersey Shore icon, Pisces Seafood, announced the longtime business has been sold. The family…
(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both revenues and costs grew, the…
By Hannah Lang (Reuters) – Sam Bankman-Fried earned a reputation as savior of the crypto industry when he bailed out two platforms earlier this year. But when FTX, the exchange…
By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading…
(Reuters) – Advertising and marketing conglomerate Omnicom Group Inc has recommended that clients pause their spending on Twitter in the short term, according to an internal memo seen by Reuters.…
SYDNEY (Reuters) – Australia on Saturday formalised a new cyber-policing model in a stepped-up effort to “hunt down” cyber criminal syndicates, following recent hacks impacting millions of Australians. Australia’s biggest…
LONDON (Reuters) – FTX filed for U.S. bankruptcy proceedings on Friday, capping a week of turmoil for one of the world’s largest cryptocurrency exchanges. FTX and its local units, had…
(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the…
By Paresh Dave OAKLAND, Calif. (Reuters) -Facebook owner Meta Platforms told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000…