Breaking Business news from across New Jersey.
By Dietrich Knauth (Reuters) -FTX’s lawyers on Monday strongly urged a U.S. bankruptcy judge in Delaware not to greenlight a court-supervised investigation into its collapse, saying it would waste time …
By Michael Erman and Patrick Wingrove NEW YORK (Reuters) – Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up …
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower …
By Mike Scarcella (Reuters) – Two major U.S. law firms are feuding over which one will lead a consumer antitrust class action against Meta Platforms Inc’s Facebook, after a judge …
LONDON (Reuters) – Turkey’s lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added to pressures from a strong …
By Ann Saphir (Reuters) – U.S. stocks may fall further, and bond yields rise, as the Federal Reserve continues its current round of interest-rate hikes in coming months, according to …
By Tom Polansek and Deborah Mary Sophia (Reuters) -Tyson Foods Inc took a “hit in the mouth” as larger-than-expected beef and pork supplies weakened demand for its chicken, executives said …
(Reuters) -First Quantum Minerals Ltd said on Monday it has suspended loading operations at a major port in Panama, blocking the Canadian company’s path to export from the Cobre Panama …
BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck has called for cooperation in green investments between Europe and the United States ahead of meetings in Washington next week with U.S. …
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares fell on Monday, as fears that the global interest rate-hiking cycle could persist for longer than previously expected weighed on …
By Nidhi Verma and Arunima Kumar BENGALURU, India (Reuters) -Europe will no longer set the reference price for Russia’s flagship Urals crude, Igor Sechin, the CEO of Russia’s oil major …
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Slumping energy revenues and soaring expenditure pushed Russia’s federal budget to a deficit of 1.76 trillion roubles ($24.78 billion) in January, as …
(Reuters) – Shares of C3.ai Inc, BigBear.ai and SoundHound AI extended a rally on Monday as artificial intelligence becomes a new buzzword on Wall Street with the viral success of …
By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much …
RIO DE JANEIRO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday there was “no explanation” for the country’s high interest rates, with the benchmark rate at …
By Andy Bruce MANCHESTER, England (Reuters) – The Bank of England has signalled the tide is turning in its battle against high inflation after a series of interest rate hikes …
By Joanna Plucinska LONDON (Reuters) -Global airline traffic recovered to 68.5% of pre-pandemic levels last year and surged 64.4% from 2021, according to figures published by global aviation body IATA …
By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage …
MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian car dealer Avtodom, nudging the German automaker closer towards fully …
By Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to raise hundreds of millions of dollars in a funding round …
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, surpassing the speed of …
TORONTO (Reuters) – Canadian economic activity expanded in January at the sharpest pace in eight months as employment climbed and supplier deliveries speeded up, Ivey Purchasing Managers Index (PMI) data …
(Reuters) -Shares of Faraday Future Intelligent Electric Inc rose about 8% to $1.17 on Monday after the company said it had raised enough funds to start production of its electric …
By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the …
By Brian Benza GABORONE (Reuters) – Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, its …