Breaking Business news from across New Jersey.
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares briefly hit their lowest level in nearly three months on Thursday, with London stocks falling after a bigger-than-expected rate hike …
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase has been fined $4 million by the U.S. Securities and Exchange Commission after about 47 million emails belonging to its retail banking …
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in …
(Corrects acronym of project to ‘ELMED’ in paragraph 3) TUNIS (Reuters) – The World Bank Group has lent Tunisia $268.4 million to finance an electrical interconnection project with Italy that …
By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies look to harness a technology that has been widely touted …
(Reuters) – Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according to a regulatory filing. The company in May implemented a …
By Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. crude oil inventories at the Cushing, Oklahoma, storage hub have risen to their highest in two years, as outages …
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some are questioning how it will be run and whether it …
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for …
By Makiko Yamazaki TOKYO (Reuters) -Cosmo Energy Holdings’ shareholders approved a “poison pill” takeover defence on Thursday, in a controversial vote that excluded certain activist shareholders and has implications for …
BRICK TOWNSHIP, NJ – In an exciting event last week, Mayor Lisa Crate proudly took part in the grand opening celebration of Mi Casa Tu Casa, a vibrant new addition …
(Reuters) -Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street estimates, sending its shares down more than 5%. CEO Julie …
(Reuters) – U.S. existing home sales ticked higher in May to snap a two-month skid with condominium sales accounting for the modest gain, and selling prices nationally fell from a …
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Gov. Michelle Bowman said Thursday that “additional policy rate increases” will be needed to control inflation she feels has essentially flatlined …
(Reuters) -Mexico’s annual inflation hit its lowest in more than two years ahead of a monetary policy decision on Thursday that is expected to leave interest rates at a cycle …
ZURICH (Reuters) -A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past CEOs, of being responsible for …
PARIS (Reuters) – The International Monetary Fund has reached its target of making $100 billion in special drawing rights available for vulnerable countries, Managing Director Kristalina Georgieva told a summit …
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just yet. The Bank of …
By Davide Barbuscia NEW YORK (Reuters) -A hawkish tilt from Federal Reserve Chair Jerome Powell hasn’t been enough to convince some investors that the central bank is unlikely to hold …
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -A thyroid cancer safety signal was raised by the EU’s drugs watchdog last month over several Novo Nordisk products including semaglutide, which is used in …
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank is drawing up plans to cut 10% of its 17,000 German retail jobs over the next few years as part of cost savings, …
(Reuters) -U.S. semiconductor toolmaker Applied Materials will invest $400 million over four years in a new engineering center in India, the company said on Thursday. Indian Prime Minister Narendra Modi …
LONDON (Reuters) – Two creditors of France’s Orpea have filed an application in a U.S. court against another creditor and the creditor’s financial adviser to obtain and use documentation related …
LONDON (Reuters) -The Bank of England raised interest rates more than expected by half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation …
By John Revill ZURICH (Reuters) -The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to …