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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    BOJ head Ueda signals chance of ending negative rates – Yomiuri

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target is …

  • Business News

    S&P 500 closes up slightly ahead of US inflation data

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Sinéad Carew, Shristi Achar A and Amruta Khandekar (Reuters) – The S&P 500 closed slightly higher on Friday but well below its session high and all three of Wall …

  • Business News

    Goodyear Tire to cut around 1,200 jobs in restructuring drive

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) – Goodyear Tire & Rubber has approved a rationalization and workforce reorganization plan in Europe, the Middle East and Africa that would lead to 1,200 job cuts, the company …

  • Business News

    Netflix reappoints former ambassador Susan Rice to board

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    LOS ANGELES (Reuters) – Netflix Inc has reappointed former White House official and U.N. ambassador Susan Rice to its board of directors, the streaming service announced on Friday. Rice served …

  • Business News

    US judge says Argentina owes about $16 billion after YPF payout trial

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) -Argentina suffered a big legal defeat on Friday as a U.S. judge ruled that the country must pay about $16 billion …

  • Business News

    Dollar has 8th straight week of gains; U.S. stocks edge up

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index registered an eighth straight week of gains on Friday while global stock indexes ended slightly higher on the day …

  • Business News

    Nikola semi-truck catches fire in second incident in a week

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) – A Nikola electric semi-truck caught fire near the company’s Phoenix headquarters in Arizona, it said on Friday, the second such incident this week involving the firm’s vehicle. The …

  • Business News

    Global Net Lease shareholders approve deal with Necessity Retail

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    NEW YORK (Reuters) -Shareholders in real estate investment trust Global Net Least Inc approved a planned merger with The Necessity Retail REIT to form the third-largest net lease REIT, the …

  • Business News

    New flaw in Apple devices led to spyware infection, researchers say

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Christopher Bing and Zeba Siddiqui (Reuters) -Researchers at digital watchdog group Citizen Lab said on Thursday they found spyware they linked to Israeli firm NSO that exploited a newly …

  • Business News

    Oil prices rise to 9-month high on worries about tight supply

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Scott DiSavino NEW YORK (Reuters) – Oil prices gained almost 1% to a nine-month high on Friday on rising U.S. diesel futures and worries about tight oil supplies after …

  • Business News

    FDIC says it should have supervised First Republic more closely

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Pete Schroeder WASHINGTON (Reuters) -The Federal Deposit Insurance Corp should have been more aggressive in policing First Republic Bank’s risk management prior to its May failure, but it was …

  • Business News

    Explainer-Chevron Australia LNG workers start strike. What happens now?

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Emily Chow and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Workers at Chevron’s liquefied natural gas (LNG) projects in Australia, which produce 5.1% of the world’s supply of the super-chilled fuel, …

  • Business News

    US dollar flat, but on track for eight straight weeks of gains; yuan sinks

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar was little changed on Friday, consolidating gains amassed during the week on better-than-expected U.S. economic data, even as …

  • Business News

    Barclays drawing up plans for hundreds of job cuts -sources

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Iain Withers LONDON (Reuters) -Barclays is drawing up plans to cut hundreds of jobs, two sources familiar with the matter told Reuters, as the bank trims its costs while …

  • Business News

    US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Chibuike Oguh NEW YORK (Reuters) – Shares of U.S. home furniture retailer RH dropped more than 15% on Friday after the company warned that slower quarterly sales would result …

  • Business News

    SoftBank’s Arm IPO six times oversubscribed -sources

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Echo Wang and Anirban Sen NEW YORK (Reuters) – Arm Holdings Plc, the chip designer owned by SoftBank Group Corp that is seeking roughly $5 billion in its stock …

  • Business News

    Apple endorses California bill to oblige companies to report carbon footprint

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Isla Binnie NEW YORK (Reuters) – Apple has endorsed a California Senate bill that would require large companies to report the levels of greenhouse gases they emit every year, …

  • Business News

    Covestro board enters formal talks on $12 billion ADNOC approach

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Emma-Victoria Farr and Maha El Dahan (Reuters) -Covestro on Friday has entered into open-ended discussions with suitor Abu Dhabi National Oil Company (ADNOC) over a takeover approach, the German …

  • Business News

    Exclusive-Uruguay central bank chief: rate cut likely in October as inflation cools

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Lucinda Elliott MONTEVIDEO (Reuters) – Uruguay’s central bank is likely to cut its benchmark interest rate again at its next monetary policy meeting in October as inflation has fallen …

  • Business News

    Kroger to divest over 400 stores in bid to close $25 billion Albertsons deal

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Savyata Mishra and Juveria Tabassum (Reuters) – Kroger said on Friday it would sell over 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval …

  • Business News

    Roblox plans PlayStation debut, new world-building AI tools

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    NEW YORK (Reuters) – Gaming company Roblox plans to launch its immersive digital worlds platform on Sony’s PlayStation devices in October, giving it access to the hundreds of millions of …

  • Business News

    Kroger to pay up to $1.4 billion to resolve US opioid lawsuits

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Nate Raymond (Reuters) -Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states, local governments and Native American tribes …

  • Business News

    Stock market drives U.S. households to record wealth

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) -A surging stock market powered U.S. household wealth to a record high of more than $154 trillion in the second quarter, aided by a rebound in property values, Federal …

  • Business News

    FTC ruling cites deceptive advertising by TurboTax software maker Intuit

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    WASHINGTON (Reuters) -The Federal Trade Commission’s (FTC) administrative law judge ruled on Friday that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising and …

  • Business News

    UBS executives sold over $15 million shares in September

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) – UBS executives have sold millions in shares since the Swiss bank announced its second quarter results, according to filings on the SIX stock exchange website. Since the start …

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