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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Powell wisely passes up financial conditions ‘open goal’: McGeever

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Jamie McGeever ORLANDO, Fla. (Reuters) -What many people saw as an open goal for the Federal Reserve chair on Wednesday, it seems Jerome Powell saw as a potential own …

  • Business News

    Analysts upgrade China’s 2023 earnings projections on reopening hopes

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Patturaja Murugaboopathy and Chi Xue (Reuters) – Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the …

  • Business News

    Twitter suspends Kanye’s account again on violating rules

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    (Adds details on account suspension, background) (Reuters) -Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the …

  • Business News

    Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Jorgelina do Rosario LONDON (Reuters) – Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the …

  • Business News

    Marketmind: Dollar on the jobs line

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar’s bull run may be ending. …

  • Business News

    ECB’s Lagarde warns some fiscal policies in Europe could fuel excess demand

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    BANGKOK (Reuters) – European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead to excess demand, and that fiscal and monetary policies need …

  • Business News

    Indonesia inflation expectations coming down near central bank’s forecast – gov

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    (Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates aggressively four months ago. He …

  • Business News

    Nissan CEO ‘very confident’ talks with Renault will strengthen partnership

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    NEW YORK (Reuters) -Nissan Motor Co Chief Executive Makoto Uchida said he was “very confident” the Japanese automaker could strengthen its partnership with Renault but declined to comment on the …

  • Business News

    China central bank says to support growth, sees moderate inflation in 2023

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    BEIJING (Reuters) – China’s central bank will focus on supporting the slowing economy, People’s Bank of China Governor Yi Gang said on Friday, adding that domestic consumer inflation is likely …

  • Business News

    Morgan Stanley making ‘modest’ job cuts; CEO ‘wouldn’t bet against’ Musk

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Lananh Nguyen, Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Morgan Stanley is making modest job cuts worldwide, Chief Executive Officer James Gorman said on Thursday, as sluggish …

  • Business News

    Philippines cbank chief: Likely 25 or 50 bps rate hike in Dec -Bloomberg TV

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    MANILA (Reuters) – The Philippine central bank will hike interest rates this month, though the monetary board is likely to be split over whether to raise the policy rate by …

  • Business News

    IMF’s Georgieva flags inflation, China slowdown as risks to Asia

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva flagged rising inflationary pressures and China’s economic slowdown as risks to Asia’s economic outlook, …

  • Business News

    China’s economy will keep growing at reasonable speed: finance minister

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    BEIJING (Reuters) – China’s economy will keep growing at a reasonable speed with stable employment and prices, finance minister Liu Kun said in a speech at the ASEAN plus Three …

  • Business News

    U.S. authorities asking FTX investors for information on firm and Bankman-Fried – Bloomberg News

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    (Reuters) – U.S. authorities are asking crypto investors and trading firms who worked closely with FTX to hand over information on the company and its key figures including Sam Bankman-Fried …

  • Business News

    Huawei CFO’s U.S. bank fraud charges to be dismissed

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Karen Freifeld (Reuters) – U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies …

  • Business News

    IPO market nearly paused, but exchange leaders expect 2023 boost

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By John McCrank NEW YORK (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created …

  • Business News

    Citigroup in talks to recoup errant $500 million Revlon loan payment

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Jonathan Stempel NEW YORK (Reuters) -Citigroup Inc is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan …

  • Business News

    DOJ watchdog seeks independent review of FTX bankruptcy

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday called for an ihttp://content.reuters.com/auth-server/content/tag:reuters.com,2022:newsml_RC26JX9BBGZW:1692162663/tag:reuters.com,2022:binary_RC26JX9BBGZW-BASEIMAGE?action=download&mediatype=picture&mex_media_type=picture&token=%22mwBUp%2BosqWSEU3ejd4TI%2F34aSJDP2atyImvrSv5CoSE%3D%22ndependent investigation into the collapse of crypto exchange FTX, saying customers need a …

  • Business News

    South Korea Nov inflation slows to 5.0%, lowest in 7 months

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer prices rose 5.0% in November from a year earlier, government data showed on Friday, marking the slowest pace since April and slightly …

  • Business News

    BOJ policymaker calls for review of ultra-easy policy framework -Asahi

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Leika Kihara TOKYO (Reuters) -The Bank of Japan should conduct a review of monetary policy framework and tweak its massive stimulus programme depending on the outcome, its board member …

  • Business News

    Inflation may be peaking, but doubts emerge about its decline

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Howard Schneider NEW YORK (Reuters) – With central banks ratcheting up their response to a global inflation shock, debate is shifting from when they’ll win the war to whether …

  • Business News

    RBA to raise rates another modest 25 basis points in December – Reuters poll

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The Reserve Bank of Australia will go for another modest 25 basis-point interest rate hike on Dec. 6 to 3.10%, its …

  • Business News

    World Bank chief says poorest countries owe $62 billion on bilateral debt

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By David Lawder WASHINGTON (Reuters) -The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World …

  • Business News

    Wall Street ends mixed; Salesforce selloff pressures Dow

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    By Ankika Biswas and Noel Randewich (Reuters) – Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested …

  • Business News

    Twitter offers advertisers incentives after many marketers left platform – email

    by Reuters December 1, 2022
    by Reuters December 1, 2022

    (Reuters) -Twitter Inc is offering advertisers incentives to increase their spending on the platform, according to an email sent on Thursday to advertising agencies, an effort to jump-start its business …

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