Groton Selected as Navy awards $642M contract boost for Virginia class submarine work
Groton, CT – General Dynamics Electric Boat Corp. has secured a $642.3 million contract modification to continue design and support work for the Navy’s Virginia class submarine program, the Pentagon announced. Contract…
New Jersey Bill Would Allow Dogs to Visit Breweries
TRENTON, NJ — A bill introduced in New Jersey would permit dogs in designated areas of licensed microbreweries, under specific conditions aimed at ensuring cleanliness and safety. The proposed legislation stipulates that…
Today is National Apple Day and Here Are the Best Ways to Celebrate in New Jersey
National Apple Day, celebrated on October 21, is a tribute to the rich cultural and historical significance of apples. Established in 1990 by the UK charity Common Ground, founders Sue Clifford and…
Factbox-Top issues in Detroit Three’s negotiations with UAW
(Reuters) – United Auto Workers President Shawn Fain said on Friday the three Detroit automakers had converged on a 23% wage hike after fresh contract offers from General Motors and Stellantis NV…
New Jersey Has 4th Highest Unemployment Rate in America
TRENTON, NJ – According to the U.S. Labor Bureau, New Jersey has the fourth highest unemployment rate in America. New Jersey joins other pandemic lockdown states California and Illinois in lagging behind…
Ten Pizzas in New Jersey That Go Toe to Toe with New York’s Big Names
New Jersey, often overshadowed by its neighboring New York when it comes to pizza, holds its own with an array of pizzerias serving up unique and delectable pies. Whether you are a…
New Jersey’s Jolting 2035 Gas-Powered Car Ban: A Leap Too Soon?
In a bold move aimed at reducing carbon emissions, Governor Phil Murphy has mandated the phasing out of new gasoline-powered vehicles by 2035. While the objective of this initiative is clear –…
Factbox-US companies unveil hiring plans ahead of holiday shopping season
(Reuters) -U.S. companies plan to hire thousands to boost staffing in their warehouses and distribution centers as they prepare for the crucial holiday shopping season. Hiring of seasonal workers by U.S. retailers…
New Mexico Governor to pursue EV tax credits to achieve zero-emission goals
(Reuters) – New Mexico Governor Michelle Lujan Grisham on Tuesday said she will pursue electric vehicle (EV) tax credits and directed the state to transition to EV to achieve a zero-emission vehicle…
J&J to restructure orthopedic business after medical device sales miss
By Bhanvi Satija and Patrick Wingrove (Reuters) – Johnson & Johnson on Tuesday said it has embarked on a two-year restructuring program for its orthopedics business after third-quarter medical devices sales fell…
Automakers blast US plan to hike fuel efficiency rules
By David Shepardson WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike fuel efficiency…
China’s electric vehicle giant BYD sees Q3 net profit as much as doubling
HONG KONG (Reuters) -Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. The Shenzhen-based company…
Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’
By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by former executive Nishad…
Wall St ends mixed, US Treasury yields spike on robust data, solid earnings
By Stephen Culp NEW YORK (Reuters) – The Nasdaq dipped and benchmark U.S. Treasury yields surged on Tuesday as robust economic data and strong third-quarter earnings suggested the Federal Reserve may keep…
Nasdaq ends down on higher yields, chipmaker share declines
By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers fell after…
Tesla urges US to adopt much tougher fuel efficiency rules
By David Shepardson WASHINGTON (Reuters) -Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed. The National Highway…
Meta, US government spar in court over toughened privacy order
WASHINGTON (Reuters) – Lawyers for Meta, which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over the U.S. Federal Trade Commission’s plan to toughen a 2019 privacy order.…
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related to its GreenSky…
BofA profit beats estimates on interest income, decade high trading revenue
By Manya Saini and Nupur Anand (Reuters) -Bank of America’s third-quarter profits beat Wall Street estimates as it joined other big lenders in earning more on loan interest payments, while also benefiting…
Bank of America’s unrealized losses on securities rose to $131.6 billion
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) -Bank of America reported unrealized losses of $131.6 billion on securities in the third quarter, growing from the second quarter, but the bank…
Australia hopes for China wine breakthrough as deadline nears
By Kirsty Needham SYDNEY (Reuters) -Australia’s trade minister will on Wednesday in a speech remind businesses exporting to China of the “significant risks” of over-reliance on one customer, as Canberra seeks to…
Biden cuts China off from more Nvidia chips, expands curbs to other countries
By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) -The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of…
Tesla to recall nearly 55,000 Model X vehicles, auto regulator says
(Reuters) – The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid…
Oil prices edge higher ahead of Biden Middle East trip
By Nicole Jao NEW YORK (Reuters) – Oil prices edged higher on Tuesday as investors wait to see if U.S. diplomatic efforts and a trip by President Joe Biden to Israel will…
Belleville Police Department Teams Up with Shoprite to Combat Hunger
Belleville, NJ — Earlier today, officers from the Belleville Police Department took a break from their usual duties to participate in Shoprite’s Help Bag Hunger campaign. In an effort to raise awareness…
Dollar mixed after earlier bounce on strong US retail sales
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Tuesday, but ended lower against the euro after data showed that U.S. retail sales rose more than…
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