Breaking Business news from across New Jersey.
The Biden administration announced Wednesday it will cancel $415 million in student debt for nearly 16,000 borrowers who claim they were misled by for-profit colleges. The loans for almost 16,000 …
The National Highway Traffic Safety Administration (NHTSA) is investigating over 400,000 Tesla vehicles for unexpected brake activation following a series of recalls by the electric car company. The investigation stems …
A woman who donated to the Freedom Convoy, a group of truckers and individuals protesting Canada’s vaccine mandates and COVID-19 restrictions, was forced to close her gelato store after her …
The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it was legally required to do so. The Department of the …
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far exceeding the 2.1% Dow Jones estimate, the Commerce Department announced …
By Jody Godoy, Svea Herbst-Bayliss and Chris Prentice -U.S. short seller Carson Block is being probed by the Justice Department as part of a wide-ranging investigation into short-sellers and hedge …
by Bethanne McCarthy Patrick TRENTON, N.J. – As schools struggle to find bus drivers who can safely transport kids and custodians who can sanitize classrooms, Assemblywoman Bethanne McCarthy Patrick eyes an …
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw …
WASHINGTON – Sixteen groups representing the U.S. construction industry sent a letter to the White House opposing a recent executive order signed by President Joe Biden requiring “project labor agreements” …
By Stephanie Kelly NEW YORK -Oil tumbled over 3% on Tuesday, retreating from a seven-year high after Russia said some of its military units were returning to their bases following …
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON -Stocks on Wall Street and in Europe rebounded on Tuesday while oil prices fell after Russia indicated it was withdrawing some troops …
PHILADELPHIA, PA – The Department of Homeland Security (DHS), Office of Intelligence and Analysis, is hosting a virtual Corporate Security Engagement Series seminar on 02/17/2022 from 9:00 a.m. to 3:00 …
TOMS RIVER, NJ – The first major brand extension of UFC, announced that the company will open its first UFC FIT in the northeast in Wayne, N.J. on Saturday, Feb. 19. Former UFC Lightweight …
By Hyunjoo Jin SAN FRANCISCO -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. …
By Tom Westbrook and Harish Sridharan SINGAPORE/BENGALURU – The Chinese yuan’s recoil from a near four-year high has raised market nerves that a recent period of stability is ending, which …
By Shrutee Sarkar BENGALURU – The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according …
By Md Manzer Hussain BENGALURU – The Philippine central bank will wait until the end of the year before raising interest rates from a record low 2.0% to support an …
By Leika Kihara and Daniel Leussink TOKYO -Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs …
By Gram Slattery and Marta Nogueira RIO DE JANEIRO – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities linked to Israeli-born billionaire Beny …
By Svea Herbst-Bayliss BOSTON -Peloton Interactive Inc’s stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home …
By Mike Stone WASHINGTON -Lockheed Martin’s exit from its planned purchase of engine maker Aerojet Rocketdyne has refocused investors on the compounding list of problems at both companies, as pressure …
DUBAI – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S.-listed stocks as of December last year, up from $43.4 billion at the end of September, boosted …
By David Randall NEW YORK – Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent …
By Greg Roumeliotis -Intel Corp is close to buying Israeli firm Tower Semiconductor for about $6 billion, a source familiar with the matter said, as the U.S. company looks to …
By Wayne Cole SYDNEY – Australia’s central bank is closer to meeting its economic goals than it has been for years, but is prepared to be patient on policy as …