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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Explainer-Credit Suisse crash investigated by Swiss lawmakers

    by Reuters July 11, 2023
    by Reuters July 11, 2023

    By John Revill and Tomasz Janowski ZURICH (Reuters) – A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of …

  • Business News

    Analysis-Japan’s changing views on price hikes open door for BOJ policy tweak

    by Reuters July 11, 2023
    by Reuters July 11, 2023

    By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese consumers may finally be shedding their decades-old frugal mindset, spending more on items that retailers were once too afraid to …

  • Business News

    China gallium curbs raise chip questions for future EV models

    by Reuters July 11, 2023
    by Reuters July 11, 2023

    By Nick Carey LONDON (Reuters) – China’s looming gallium export controls leave automakers with a dilemma over whether they can continue to rely on a metal which had been seen …

  • Business News

    Marketmind: As yields and the yen go, so goes the dollar

    by Reuters July 11, 2023
    by Reuters July 11, 2023

    A look at the day ahead in European and global markets from Tom Westbrook A day of calm after last week’s clear-out in the bond market and investors are back …

  • Business News

    China property shares rise on financial support policy

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers rose on Tuesday after regulators extended some policies in a rescue package introduced in November to shore up liquidity …

  • Business News

    Meta’s social media apps back up after brief outage – Downdetector.com

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    (Reuters) -Meta Platforms’ social media apps Instagram and Facebook, messaging app WhatsApp and Twitter-rival Threads were all back up after a brief outage affecting thousands of users on Monday, according …

  • Business News

    Food prices squeeze consumers in June, hot weather boosts summer spending: BRC

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Suban Abdulla LONDON (Reuters) – Unusually hot weather boosted sales of sun screen and barbecue food in Britain last month, a British Retail Consortium survey showed on Tuesday, but …

  • Business News

    Yellen says US, China want to ‘stabilize’ relationship

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she believes the United States and China want to stabilize their economic ties with “candor” and “respect.” Yellen told American Public …

  • Business News

    BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024: Reuters poll

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Anant Chandak BENGALURU (Reuters) – The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as …

  • Business News

    Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, …

  • Business News

    US lawmakers consider changes to TikTok crackdown bill -senator

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By David Shepardson ARLINGTON, Virginia (Reuters) -U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the …

  • Business News

    US retail investors add equities, while hedge funds trim exposure

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Carolina Mandl NEW YORK (Reuters) – Retail investors bought roughly $7 billion of equities last week, showing a near record appetite for shares since 2016, while U.S. hedge funds …

  • Business News

    Wall St ends up; investors digest Fed official comments

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher on Monday following last week’s losses, while Federal Reserve officials’ comments bolstered the view that the U.S. central bank …

  • Business News

    Uber CFO Nelson Chai plans to step down – Bloomberg News

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    (Reuters) -Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO …

  • Business News

    Jurors urged to impose heavy punitive damages in J&J talc trial

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Brendan Pierson (Reuters) – Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s talc-based baby powder on Monday …

  • Business News

    Global hedge funds shine in June, driven by AI -HFR

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    NEW YORK (Reuters) – Global hedge funds posted gains of 2.2% in June, as artificial intelligence-related stocks surged and the banking crisis eased, data provider HFR said on Monday. In …

  • Business News

    Market heavyweights dip ahead of Nasdaq 100 rebalance

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    (Reuters) – Shares of Apple, Microsoft and other heavyweight companies dipped on Monday after Nasdaq Inc said it would rebalance its Nasdaq 100 index to address the benchmark’s “overconcentration.” Apple …

  • Business News

    Dollarama says CFO Towner to step down

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    (Reuters) – Canadian discount store chain Dollarama said on Monday its chief financial officer, J.P. Towner, would step down in the coming months to pursue another career opportunity. He became …

  • Business News

    Meta’s Twitter rival Threads surges to 100 million users faster than ChatGPT

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Katie Paul and Akash Sriram (Reuters) -Meta Platforms’ Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as …

  • Business News

    DoJ may challenge Thoma Bravo deal to take ForgeRock private – Politico

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    (Reuters) – The U.S. Department of Justice (DOJ) is nearing a decision on whether to challenge private equity firm Thoma Bravo’s $2.3 billion buyout deal for ForgeRock Inc, Politico reported …

  • Business News

    Marketmind: Markets soothed as peak Fed looms

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The shadow over Asian markets cast by China’s economic malaise …

  • Business News

    World Bank names CEOs to help bring private funds to climate, development finance

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By David Lawder WASHINGTON (Reuters) -The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, …

  • Business News

    US seeking to block curbs on government contact with social media firms

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Monday sought to block a judge’s order that barred some federal agencies and officials from communicating with social media firms …

  • Business News

    Rivian options buyers may be helping drive stock higher

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are piling into bullish options bets on the shares of Rivian Automotive, with some market participants saying the buying has helped …

  • Business News

    UAW to open contract talks with Detroit Three automakers on Thursday

    by Reuters July 10, 2023
    by Reuters July 10, 2023

    By David Shepardson (Reuters) -The United Auto Workers union said on Monday it will open contract talks with Detroit’s Big Three automakers starting on Thursday, ahead of the mid-September expiration …

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