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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Ukraine asks to join CPTPP trade pact

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Kantaro Komiya and Lucy Craymer TOKYO (Reuters) -Ukraine has submitted a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand, Japanese and …

  • Business News

    Yellen holds talks with China’s central bank governor, former economy tsar

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the …

  • Business News

    Marketmind: Battered bond market braces for payrolls

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    A look at the day ahead in European and global markets from Tom Westbrook Bond markets are in a world of pain, with yields catapulted to decade highs across developed …

  • Business News

    Tesla starts to lay off some workers at China factory – Bloomberg News

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    (Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It …

  • Business News

    Yellen seeks to calm a fraught but close-knit US-China trade relationship

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By David Lawder and Joe Cash WASHINGTON/BEIJING (Reuters) – As U.S. Treasury Secretary Janet Yellen tries to steady an increasingly tense relationship with China, the world’s two largest economies remain …

  • Business News

    USTR flags energy concerns going into Mexico talks; urges steel monitoring

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Daina Beth Solomon and Cassandra Garrison MEXICO CITY (Reuters) -The U.S. sees some progress on an energy dispute with Mexico, although “deep-seated” concerns persist, U.S. Trade Representative Katherine Tai …

  • Business News

    Uber, Facebook linked to PwC Australia tax schemes based on leaked government plans

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Lewis Jackson SYDNEY (Reuters) – PwC Australia advised Uber and Facebook how to restructure in face of an Australian law clamping down on tax avoidance, but both companies said …

  • Business News

    Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    BEIJING (Reuters) – Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed Securities Times said in an editorial on Friday, as worries …

  • Business News

    VW ready to deal with China metal curbs; chipmakers play down fallout

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Ben Blanchard and Jan Schwartz TAIPEI (Reuters) -Volkswagen is monitoring metals markets after China imposed export restrictions on two minor metals used in semiconductors and electric vehicles, it said …

  • Business News

    Japan’s base salaries jump most since 1995, puts BOJ policy into view

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Satoshi Sugiyama and Kantaro Komiya TOKYO (Reuters) -Japan’s nominal base salary grew at the fastest pace in 28 years in May, government data showed on Friday, adding fuel to …

  • Business News

    Stocks sink as bond yields rise, U.S. jobs data fuels rate hike fears

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global index of stocks fell on Thursday while Treasury yields rose as a surge in U.S. private payrolls prompted …

  • Business News

    BOJ deputy governor Uchida vows to keep yield control for now – Nikkei

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Leika Kihara TOKYO (Reuters) -Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank will maintain its yield curve control policy from the perspective of sustaining ultra-loose …

  • Business News

    Canada agrees up to C$15 billion in incentives for Stellantis-LGES battery plant

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Ismail Shakil OTTAWA (Reuters) -Canada will provide up to C$15 billion ($11.23 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) electric vehicle battery plant, the federal and …

  • Business News

    Biden touts investments, trip to lawmaker Taylor Greene’s backyard

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Jeff Mason and Jarrett Renshaw WEST COLUMBIA, South Carolina (Reuters) -President Joe Biden traveled to South Carolina to tout a new $60 million solar investment as the latest example …

  • Business News

    Wall St logs sharp losses as labor market strength stokes rate-hike fears

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended sharply lower on Thursday in a broad sell-off after data showing a strong …

  • Business News

    Levi Strauss to cut prices as weak consumer spending hits outlook

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Granth Vanaik and Katherine Masters (Reuters) -Levi Strauss & Co cut its annual profit forecast on Thursday, in a sign that higher costs were weighing on the denim clothing …

  • Business News

    Canada port strike may add to inflation concerns ahead of rate decision

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Fergal Smith TORONTO (Reuters) -The Canadian dock workers strike is another factor for the Bank of Canada (BoC) to consider ahead of its policy announcement next week because the …

  • Business News

    US state attorneys general clash over EPA emissions plan

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By David Shepardson WASHINGTON (Reuters) -A group of 25 Republican state attorneys general on Thursday urged President Joe Biden’s administration to abandon plans to sharply cut vehicle tailpipe emissions, while …

  • Business News

    Rothschild family buys 8.2 million shares of Paris-listed investment bank

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Concordia said on Thursday it had acquired all the shares it was permitted to acquire of Rothschild & Co, paving the way for the Rothschild family’s holding company …

  • Business News

    Marketmind: Markets buckle under US rates, China blues

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the …

  • Business News

    Meta takes aim at Twitter with Threads app, millions join

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as …

  • Business News

    Analysis-Will abandoning American help JetBlue’s Spirit merger? Not by much

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Rajesh Kumar Singh and Diane Bartz CHICAGO/WASHINGTON (Reuters) – JetBlue Airways’ decision to abandon its alliance with American Airlines has improved its chances in the trial over a $3.8 …

  • Business News

    Rivian must face lawsuit claiming it defrauded IPO investors over vehicle prices

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Jonathan Stempel (Reuters) – A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering by concealing …

  • Business News

    Bausch + Lomb expands eye-care portfolio with J&J’s Blink

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Bausch + Lomb acquired Johnson & Johnson’s eye and contact lens drops brand Blink for $106.5 million, marking its second deal in two weeks to bolster the contact …

  • Business News

    Deadline set by crypto’s Winklevoss looms for Genesis repayment deal

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Hannah Lang (Reuters) – Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor …

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