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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Adobe forecasts fourth-quarter profit above estimates on AI strength

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) – Photoshop software maker Adobe forecast current-quarter profit above Wall Street estimates on Thursday, after beating revenue estimates for the third quarter on strong demand for its photo, video …

  • Business News

    US House panel to question Buttigieg at oversight hearing

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By David Shepardson WASHINGTON (Reuters) – The House of Representatives Transportation and Infrastructure Committee on Thursday said it will question U.S. Transportation Secretary Pete Buttigieg at a Sept. 20 oversight …

  • Business News

    OpenAI launches office in Dublin with nine job listings

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Anna Tong (Reuters) -Artificial intelligence leader OpenAI is opening an office in Dublin, the Microsoft-backed company said Thursday. It is the company’s third office. Its headquarters are in San …

  • Business News

    Port of Los Angeles says cargo lost during West Coast talks is returning

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Lisa Baertlein LOS ANGELES (Reuters) – Cargo volume at the Port of Los Angeles jumped from July to August after business lost during the now-finished West Coast labor talks …

  • Business News

    Ford CEO says UAW proposal could force bankruptcy

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) – Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add new pension benefits could bankrupt …

  • Business News

    Argentina holds interest rate steady despite inflation spike

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank (BCRA) decided to hold the benchmark interest rate steady at 118% during their last board meeting, despite the country’s inflation rate …

  • Business News

    Lagarde comments at ECB press conference

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    FRANKFURT, Sept 14 (Reuters) – The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in …

  • Business News

    France targets 16 billion euros in savings next year, trims growth outlook

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Leigh Thomas PARIS (Reuters) – The French government aims to squeeze 16 billion euros ($17 billion) in savings from its 2024 budget, finance minister Bruno Le Maire said on …

  • Business News

    US crude prices above $90/bbl ignite inflation worries

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Arathy Somasekhar HOUSTON (Reuters) – Crude oil prices above $90 a barrel in the United States stirred worries that inflation could rise further in an economy where the Federal …

  • Business News

    Analysis-Disney, Charter deal reshapes media landscape -executives

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Dawn Chmielewski (Reuters) – Thirty-one years ago, cable TV pioneer John Malone predicted customers would have as many as 500 channels in their living rooms. Charter, the cable company …

  • Business News

    Turmoil showed top level failures at banks, global watchdog says

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Huw Jones LONDON (Reuters) – This year’s bank turmoil showed some boards and senior management failed in their most basic responsibilities and more regulatory guidance may be needed, a …

  • Business News

    Dollar jumps to 6-month high after data, ECB announcement

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Updated at 2:52 P.m. EDT/1852 GMT) By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index surged to a six-month high on Thursday, as economic data was mostly stronger than …

  • Business News

    Oil rises to highest in 2023 on tight supply expectations

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude …

  • Business News

    New ETF looks to tap hot market for zero-day options

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – An exchange-traded fund (ETF) that started trading on Thursday offers investors a new way to participate in the hot market for short-dated …

  • Business News

    Israel’s Benjamin Netanyahu to meet Elon Musk amid antisemitism storm

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) -Israeli Prime Minister Benjamin Netanyahu will fly to California on Monday to meet Elon Musk, the tech entrepreneur accused by civil rights groups of amplifying anti-Jewish hatred on his …

  • Business News

    US sanctions 5 Turkish firms in broad Russia action on over 150 targets

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) -The Biden administration on Thursday imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions …

  • Business News

    Morocco insists IMF, World Bank meetings to proceed in October

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Ahmed Eljechtimi and David Lawder MARRAKECH/WASHINGTON (Reuters) – Morocco insisted on Thursday that Marrakech will host International Monetary Fund (IMF) and World Bank annual meetings in October despite the …

  • Business News

    Explainer-RTX engine snag puts spotlight on aerospace quality issues

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Pratyush Thakur (Reuters) – Aerospace giant RTX Corp on Monday told airlines hundreds of their Airbus jets would be grounded at any one time in coming years to check …

  • Business News

    Belgium assessing Apple iPhone 12 after France halts sales over radiation

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Tassilo Hummel and Johnny Cotton PARIS (Reuters) -Belgium said on Thursday it would review potential health risks linked to Apple’s iPhone 12, raising the prospect that more European countries …

  • Business News

    Binance.US legal and risk executives are leaving – WSJ

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) – Risk and legal executives at the U.S. affiliate of Binance are leaving at a time when the crypto giant is grappling with regulatory pressures, the Wall Street Journal …

  • Business News

    As UAW strike looms, Biden admin considers aid for small suppliers -source

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) – President Joe Biden’s administration is discussing emergency aid to protect smaller firms that supply U.S. auto manufacturers if the United Auto Workers union goes on strike, a source …

  • Business News

    Everything You Need to Know About A Smith & Wesson M&P 15 Sport

    by Shore News Network September 14, 2023
    by Shore News Network September 14, 2023

    Is the Smith & Wesson M&P 15 an AR-15? It’s an AR-15, but it’s not. It might look like an AR-15 and have a lot of similar function to the …

  • Business News

    Google gives a glimpse of its defense in once-in-a-generation antitrust trial

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Diane Bartz WASHINGTON (Reuters) -Search and advertising giant Google gave a glimpse of a main leg of its defense in court on Thursday, through data showing users happily stick …

  • Business News

    ECB raises rates to record high, signals end to hikes

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank raised its key interest rate to a record high of 4% on Thursday but, with the euro …

  • Business News

    Abcam founder seeks to block $5.7 billion Danaher deal

    by Reuters September 14, 2023
    by Reuters September 14, 2023

    (Reuters) -Abcam Plc founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher’s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables …

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