Breaking Business news from across New Jersey.
By David Shepardson WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike …
HONG KONG (Reuters) -Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. The …
By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back against testimony by former …
By Stephen Culp NEW YORK (Reuters) – The Nasdaq dipped and benchmark U.S. Treasury yields surged on Tuesday as robust economic data and strong third-quarter earnings suggested the Federal Reserve …
By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers …
By David Shepardson WASHINGTON (Reuters) -Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed. The …
WASHINGTON (Reuters) – Lawyers for Meta, which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over the U.S. Federal Trade Commission’s plan to toughen a 2019 …
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related to …
By Manya Saini and Nupur Anand (Reuters) -Bank of America’s third-quarter profits beat Wall Street estimates as it joined other big lenders in earning more on loan interest payments, while …
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) -Bank of America reported unrealized losses of $131.6 billion on securities in the third quarter, growing from the second quarter, but …
By Kirsty Needham SYDNEY (Reuters) -Australia’s trade minister will on Wednesday in a speech remind businesses exporting to China of the “significant risks” of over-reliance on one customer, as Canberra …
By Alexandra Alper, Karen Freifeld and Stephen Nellis WASHINGTON (Reuters) -The Biden administration plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, …
(Reuters) – The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low …
By Nicole Jao NEW YORK (Reuters) – Oil prices edged higher on Tuesday as investors wait to see if U.S. diplomatic efforts and a trip by President Joe Biden to …
Belleville, NJ — Earlier today, officers from the Belleville Police Department took a break from their usual duties to participate in Shoprite’s Help Bag Hunger campaign. In an effort to …
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Tuesday, but ended lower against the euro after data showed that U.S. retail sales rose …
By David Shepardson and Nick Carey WASHINGTON (Reuters) -U.S. auto safety regulators on Tuesday opened a probe into whether General Motors’ self-driving unit Cruise is taking sufficient precautions with its …
By Stephen Nellis (Reuters) – The Biden administration on Tuesday issued a sweeping update to restrictions on exporting advanced artificial intelligence to China and other countries. The measures are designed …
By Tom Polansek (Reuters) -Tyson Foods workers and activists rallied outside the U.S. meat company’s headquarters in Arkansas on Monday to protest child labor and push for improved working conditions …
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks were slightly lower in afternoon trading on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden administration …
By David Shepardson and Ben Klayman DETROIT (Reuters) -General Motors Co said on Tuesday it will delay production of electric pickup trucks at its plant in Michigan’s Orion Township by …
(Reuters) -Sportswear giant Adidas lifted its revenue forecast and cut its expected loss for 2023 on Tuesday, citing Yeezy shoe sales and a stronger core business. The German company said …
(Reuters) -Fitch on Tuesday placed Israel’s sovereign debt rating of “A+” on rating watch negative and warned a major escalation of the ongoing conflict with the Palestinian Islamist group Hamas …
(Reuters) – U.S.-based AutoNation said on Tuesday it will not make an offer for Pendragon, just weeks after the British automotive retailer’s top shareholder Hedin Mobility and PAG International also …
By Doyinsola Oladipo NEW YORK (Reuters) -Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos MGM Grand Detroit operated by …