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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Yellen: U.S. can avoid recession, on ‘right track’ to lower inflation

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Andrea Shalal FORT WORTH, Texas (Reuters) – The United States can avoid a recession, given that there is no wage-price spiral and supply chain bottlenecks are starting to ease, …

  • Business News

    U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Indradip Ghosh BENGALURU (Reuters) – The U.S. economy is heading into a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected …

  • Business News

    Cash use slips to just 15% of British purchases in 2021

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By David Milliken LONDON (Reuters) – British shoppers used cash in only 15% of transactions in 2021, half the level of the year before and down from nearly 40% before …

  • Business News

    U.S. SEC issues new guidance on disclosing crypto risks

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Chris Prentice (Reuters) -The U.S. securities regulator on Thursday advised public companies to examine whether they need to disclose to investors any potential impacts from turmoil in the cryptocurrency …

  • Business News

    Walmart plans to offer BNPL loans through its fintech venture – report

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon as next year, the Information reported on Thursday, citing three …

  • Business News

    Lululemon sees downbeat quarter as inflation-hit consumers turn cautious

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts’ estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high …

  • Business News

    Britain to lay out financial reforms to ‘turbocharge’ growth

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Huw Jones LONDON (Reuters) – Britain will set out reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure …

  • Business News

    New York Fed taps insurance exec for new second in command

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Michael S. Derby NEW YORK (Reuters) – The New York Federal Reserve has tapped an insurance industry executive as second in command to President John Williams, a role in …

  • Business News

    China’s COVID easing seen knocking growth early next year before recovery kicks in

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Ellen Zhang, Liangping Gao and Carolina Mandl BEIJING/NEW YORK (Reuters) -China’s shift from tough COVID policies, with its promise of driving an economic recovery next year, will instead likely …

  • Business News

    Canada police suspends contract with China-linked company

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    OTTAWA (Reuters) – The Royal Canadian Mounted Police (RCMP) has suspended a communications equipment contract that was awarded to a company with links to the Chinese government, a spokesperson for …

  • Business News

    TSX dips for fifth day as energy shares drag

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Fergal Smith TORONTO (Reuters) – Canada’s main stock index closed slightly lower on Thursday as a drop in oil prices weighed on high-flying energy shares and a senior Bank …

  • Business News

    Oil falls on weakening demand, shrugs off Keystone closure

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Laila Kearney NEW YORK (Reuters) – Oil settled lower for a fifth straight session on Thursday as traders shrugged off the closure of a major Canada-to-U.S. crude pipeline, focusing …

  • Business News

    Carvana shares rebound almost 30%, attracts new watchers on StockTwits

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – Shares of Carvana Co rebounded nearly 30% on Thursday, erasing some of the previous day’s deep losses inflicted by worries about the used car seller’s solvency. The surge …

  • Business News

    Costco quarterly results miss as demand weakens, costs jump

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) -Costco Wholesale Corp reported first-quarter results on Thursday that missed analysts’ estimates, with surging inflation pushing consumers to cut back spending and as operating expenses increased for the company. …

  • Business News

    Cuba and French telecoms operator Orange begin work on subsea cable to Martinique

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    HAVANA (Reuters) – Cuba said on Thursday it had begun work with French telecoms operator Orange on an underwater cable that will link it to the island of Martinique in …

  • Business News

    United Airlines, Boeing set to announce major 787 order -sources

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    WASHINGTON (Reuters) – United Airlines plans to announce a major Boeing 787 Dreamliner order next week, two sources briefed on the matter told Reuters. United late on Thursday invited reporters …

  • Business News

    Senators Warren, Smith ask Fed for accounting of banks’ crypto ties

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – U.S. Senators Elizabeth Warren and Tina Smith are demanding an accounting from the Federal Reserve and other U.S. financial regulators of banks’ cryptocurrency activity and ties to the …

  • Business News

    Marketmind: Markets eye China PPI, CPI

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese producer and consumer price inflation reports for November grab the limelight in …

  • Business News

    Yellen ‘open’ to visiting China, will seek deeper economic engagement

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Andrea Shalal FORT WORTH, Texas (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said she was “open” to visit China as she seeks to deepen economic engagement with …

  • Business News

    Volkswagen postpones decision on gigafactory in eastern Europe beyond 2022

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    PRAGUE/FRANKFURT (Reuters) -Volkswagen AG is postponing its decision on where to locate a planned gigafactory for electric car batteries in eastern Europe beyond 2022, the carmaker said on Thursday, pointing …

  • Business News

    Fired Amazon organizer loses bid to revive race bias lawsuit

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Daniel Wiessner (Reuters) – A U.S. appeals court on Thursday declined to revive claims that Amazon.com Inc fired New York warehouse worker Christian Smalls, a pivotal figure in a …

  • Business News

    Stocks rise on hope of revived China demand, oil slips

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Herbert Lash NEW YORK (Reuters) -World stocks rose and oil prices initially rebounded on Thursday on hopes that China’s easing of its anti-COVID-19 measures will help restore global supply …

  • Business News

    Broadcom forecasts current-quarter revenue above estimates on cloud strength

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for chips used in data centers and networking equipment. Companies are increasingly investing in …

  • Business News

    EU expects only partial fix from talks on U.S. green subsidy law

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    BRUSSELS (Reuters) -The European Union should not expect talks with the United States to resolve all the problems it sees in the U.S. Inflation Reduction Act and is not ruling …

  • Business News

    Yellen honors pioneers as U.S. prints first banknotes with women’s signatures

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Andrea Shalal FORT WORTH, Texas (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed with two women’s …

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