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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    US has no evidence Huawei can make advanced smartphones in large volumes

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By David Shepardson WASHINGTON (Reuters) -The U.S. has no evidence that Chinese manufacturer Huawei can produce smartphones with advanced chips in large volume, U.S. Commerce Secretary Gina Raimondo said on …

  • Business News

    Dollar drifts higher as traders look to upcoming Fed decision

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday as traders awaited a raft of central bank interest rate decisions …

  • Business News

    Ex-US congressman sentenced to 22 months for insider trading

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    (Reuters) – Former U.S. Congressman Stephen Buyer was sentenced to 22 months in prison on Tuesday for trading on inside information he learned in 2018 as a consultant to T-Mobile …

  • Business News

    Bank of Canada: Underlying inflation is inconsistent with 2% target

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Tuesday said recent volatility in headline inflation is not unusual but the underlying trend shown by core …

  • Business News

    Argentina’s economy shrinks for first time in nearly three years

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    BUENOS AIRES (Reuters) – Argentina’s economy shrank 4.9% in the second-quarter of 2023 versus the year-ago period, the country’s statistics agency said on Tuesday, slightly missing analysts’ forecast of a …

  • Business News

    Archegos founder Hwang must face SEC fraud charges

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday rejected Bill Hwang’s bid to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of fraud that …

  • Business News

    Analysis-Stricter merger laws unlikely to cool Canada’s surging food prices

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Divya Rajagopal TORONTO (Reuters) – Canada’s plan to bring down food prices by tightening regulation could backfire and fail, raising the cost of doing business in the country without …

  • Business News

    Some investors bet peak policy rate is near ahead of Fed decision

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -As Treasuries wobble ahead of the outcome of the Federal Reserve’s monetary policy meeting on Wednesday, some investors are buying into the weakness, confident …

  • Business News

    Brewer AB InBev signals new focus on Michelob Ultra amid light beer rivalry

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    LONDON (Reuters) – Anheuser-Busch InBev has elevated its low calorie lager Michelob Ultra to the status of “global brand”, according to an investor presentation held on Tuesday, positioning it to …

  • Business News

    CVC gears up for potential November IPO – source

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Anousha Sakoui LONDON (Reuters) – Europe’s biggest private equity firm, CVC Capital Partners, is working towards a long-awaited initial public offering in November, a person familiar with the matter …

  • Business News

    Intel pitches the ‘AI PC’ at software developer event

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Stephen Nellis and Max A. Cherney SAN JOSE, California (Reuters) – A new Intel chip due in December will be able to run a generative artificial intelligence chatbot on …

  • Business News

    Canadian inflation jumps, October rate hike bets rise

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By David Ljunggren and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate in August jumped to 4.0% from 3.3% in July on higher gasoline prices, data showed on Tuesday, a …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    For $3.2 Million, You Can Build Your Toms River Waterfront Dream Home

    by Erica Schmidt September 19, 2023
    by Erica Schmidt September 19, 2023

    TOMS RIVER, NJ – Have you ever wanted to design your waterfront dream home right here in Ocean County? If you can fork over $3.2 million, now is your chance. …

  • Business News

    Amazon plans to hire 250,000 US workers for holiday season

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Arriana McLymore NEW YORK, NY (Reuters) -Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired …

  • Business News

    Banco do Brasil and World Bank ready cooperation on $400 million for Amazon recovery

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    BRASILIA (Reuters) – Brazilian state-run Banco do Brasil and the World Bank signed a memorandum of understanding on Tuesday on a $400 million credit line for sustainable agriculture and the …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    This $2.35 Million Breathtaking Waterfront Home In Brick Is On The Market

    by Erica Schmidt September 19, 2023
    by Erica Schmidt September 19, 2023

    Brick, NJ: A coastal paradise beckons as a breathtaking oceanfront home in the coveted Deauville Beach neighborhood of Mantoloking, New Jersey, makes its debut on the market with an asking …

  • Business News

    Zuckerberg’s philanthropy project plans AI system for life sciences research

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    (Reuters) – Meta CEO Mark Zuckerberg’s philanthropy venture plans to build a computing system powered by artificial intelligence for life sciences research to study human cells and diseases. The Chan …

  • Business News

    Factbox-Tesla courts interest from Turkey to India for next gigafactory

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    (Reuters) – Tesla’s plan to expand its global manufacturing footprint has sparked a race among some countries to woo CEO Elon Musk and secure billions in investment dollars. Turkish President …

  • Business News

    China’s Huawei set to re-enter mid-range 5G phone market -report

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    SHENZHEN, China (Reuters) – Huawei may launch a mid-range 5G phone as soon as October, China’s IT Times reported on Tuesday, in what would be another sign the technology giant …

  • Breaking NewsBusiness NewsCommunity NewsD.C. NewsSchools

    Four D.C. High School Students Hospitalized After Sewer Gas Leak

    by Jeff Jones September 19, 2023
    by Jeff Jones September 19, 2023

    WASHINGTON, DC – A hazardous gas leak led to the hospitalization of four students at McKinley Tech High School. On Monday, the students reported feeling unwell after detecting a mysterious …

  • Business News

    US authorities scrutinize if Credit Suisse misled investors before rescue -filing

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Stefania Spezzati LONDON (Reuters) – U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a …

  • Business News

    Target to hire 100,000 workers for holiday season, start promotions in October

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Ananya Mariam Rajesh (Reuters) -Target said on Tuesday it would hire nearly 100,000 employees for the holiday season, like in the past two years, and start offering discounts for …

  • Business News

    In EV battle, Toyota bets on new technology and old-school thinking

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By David Dolan TOYOTA CITY, Japan (Reuters) – At factories in Japan’s industrial heartland, Toyota has turned to self-propelled assembly lines, massive die casting and even old-fashioned hand polishing as …

  • Business News

    European shares end flat as energy gains limit losses; central bank decisions in focus

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Bansari Mayur Kamdar and Shashwat Chauhan (Reuters) -European shares ended subdued on Tuesday as gains in energy stocks countered losses in industrials, though investors exercised caution ahead of a …

  • Business News

    Appeals court skeptical of Sam Bankman-Fried’s push for release from jail

    by Reuters September 19, 2023
    by Reuters September 19, 2023

    By Luc Cohen NEW YORK (Reuters) -A federal appeals court on Tuesday appeared skeptical of former cryptocurrency billionaire Sam Bankman-Fried’s argument that being jailed just two months before his trial …

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