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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Marketing automation firm Klaviyo’s shares jump nearly 23%

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Jaiveer Shekhawat and Echo Wang (Reuters) – Klaviyo’s shares jumped nearly 23% in their NYSE debut on Wednesday, helping the marketing automation firm notch a valuation of $11.3 billion. …

  • Business News

    Adidas CEO: Kanye West didn’t mean antisemitic remarks

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    BERLIN (Reuters) -Adidas CEO Bjorn Gulden has defended the artist formerly known as Kanye West, saying he didn’t think the divisive celebrity meant the antisemitic remarks that led to his …

  • Business News

    China pledges to accelerate introduction of more economic policies

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    BEIJING (Reuters) – China will speed up the introduction of more policies to consolidate its economic recovery, state media CCTV reported on Wednesday, citing a cabinet meeting chaired by Premier …

  • Business News

    US SEC cracks down on funds “greenwashing” with new investment requirement

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Douglas Gillison and Michelle Price WASHINGTON (Reuters) -Wall Street’s top regulator on Wednesday adopted a new rule cracking down on so-called “greenwashing” and other deceptive or misleading marketing practices …

  • Business News

    French supermarkets to demand food groups cut prices by up to 5%

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Helen Reid (Reuters) -Supermarket groups in France could demand price cuts of 2% to 5% from food manufacturers in negotiations set to kick off soon, the head of retailer …

  • Business News

    European shares advance as bond yields ease ahead of U.S. Fed’s interest rate decision

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) -European shares rose in a broad-based rally on Wednesday as government bond yields across the continent fell, while investors eyed the U.S. …

  • Business News

    Instacart stock subdued as debut enthusiasm loses steam

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Savyata Mishra and Niket Nishant (Reuters) -Instacart’s stock fell 5% on Wednesday, as the grocery delivery app joined other new stock market entrants in failing to keep up with …

  • Business News

    Disney’s big parks bet worries some Wall St analysts

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Samrhitha A and Aditya Soni (Reuters) – Walt Disney’s $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts …

  • Business News

    UAW strikes at automakers highlight skyrocketing US CEO pay

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Heather Timmons and David Gaffen WASHINGTON (Reuters) – When the CEO gets a 40% raise, what do the workers deserve? That question is at the heart of the United …

  • Business News

    Qualcomm enters new Wi-Fi router market in deals with Charter, EE

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Stephen Nellis (Reuters) – Qualcomm on Wednesday said it was getting into a new market for Wi-Fi routers and that Charter Communications and the UK’s EE will be among …

  • Business News

    Apple France workers call strike ahead of iPhone 15 launch

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    PARIS (Reuters) -Unions at Apple’s stores in France have called for a strike on Friday and Saturday, when the iPhone 15 is due to be launched, demanding better pay and …

  • Business News

    Bank of America to raise minimum wage to $23 an hour in October

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Lananh Nguyen NEW YORK (Reuters) – Bank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay …

  • Business News

    Bank of England to publish individual life insurer results in next sector stress test

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Huw Jones LONDON (Reuters) – The Bank of England said on Wednesday it would use its new powers to publish individual results for life insurers in its next stress …

  • Business News

    Sixth Street-led consortium in exclusive talks to buy Goldman’s GreenSky-source

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Saeed Azhar, Greg Roumeliotis and Shubhendu Deshmukh (Reuters) – A consortium led by investment firm Sixth Street Partners has entered exclusive talks to acquire Goldman Sachs Group Inc’s home …

  • Business News

    On the Ohio-to-Michigan highway, US auto workers drive for solidarity

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Ben Klayman TOLEDO, Ohio (Reuters) -A Toledo grocery store parking lot was full of Jeeps and Fords on Tuesday morning in a show of strength by auto workers on …

  • Business News

    ECB’s supervisor pick gets Brussels’ backing after tough hearing

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European lawmakers backed on Wednesday Claudia Buch’s appointment as the European Central Bank’s top supervisor after a tough hearing, with some raising …

  • Business News

    SpaceX says US case alleging anti-immigrant bias is unconstitutional

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Daniel Wiessner (Reuters) – Elon Musk’s SpaceX has sued the U.S. government saying that the government’s administrative case accusing the rocket and satellite company of refusing to hire refugees …

  • Business News

    Italy drops latest bad loan proposal from PM Meloni’s party

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Valentina Za and Giuseppe Fonte ROME (Reuters) -Two parliamentary committees have axed the latest proposal by Italian Prime Minister Giorgia Meloni’s party to protect borrowers if they fall behind …

  • Business News

    Textron announces option to sell up to 1,500 Cessna Citation aircraft to NetJets

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Mehr Bedi (Reuters) -Textron Aviation and NetJets on Wednesday signed an agreement which would give the private jet firm owned by Berkshire Hathaway an option to buy up to …

  • Business News

    Cheerios maker General Mills beats first quarter estimates on higher product prices

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Granth Vanaik (Reuters) – General Mills topped first-quarter sales and profit estimates on Wednesday, as higher prices for its breakfast cereals, snack bars and pet food products helped offset …

  • Business News

    Bad moment to hike rates as Russia’s growth stimuli sputter – economists

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Darya Korsunskaya and Alexander Marrow (Reuters) – Double-digit interest rates and the possibility of more hikes down the road have come at a bad moment for Russia’s economy as …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    Newly Built Seaside Park Oceanfront Mansion Listed for $4.25 Million

    by Erica Schmidt September 20, 2023
    by Erica Schmidt September 20, 2023

    SEASIDE PARK, NJ – A stunning newly constructed mansion has just hit the market, nestled along the picturesque shores of Seaside Park, offering a taste of seaside luxury like no …

  • Business News

    UniCredit CEO says no big impact from bank tax, but uncertainty harmful

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    MILAN (Reuters) – The surprise bank tax Italy’s government introduced in August has no major impact on UniCredit’s earnings, but the uncertainty it stoked is damaging, Chief Executive Andrea Orcel …

  • Business News

    Analysis-Promise of calmer markets as US oil wrests pricing power from Brent

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Alex Lawler LONDON (Reuters) – Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing …

  • Business News

    DoorDash, Grubhub, Uber Eats can sue NYC over fee caps

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday said DoorDash, Grubhub and Uber Eats can sue New York City over a law capping how much they can …

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