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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    French central bank head warns against raising ECB inflation target

    by Reuters July 9, 2023
    by Reuters July 9, 2023

    AIX-EN-PROVENCE, France (Reuters) – France’s central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank’s (ECB) …

  • Business News

    China sets wide-ranging rules for $2.9 trln private investment funds

    by Reuters July 9, 2023
    by Reuters July 9, 2023

    BEIJING (Reuters) – China published regulations on Sunday for the country’s $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by …

  • Business News

    Turkey aims to ensure fiscal discipline and lower budget deficit -Finance Minister

    by Reuters July 9, 2023
    by Reuters July 9, 2023

    ISTANBUL (Reuters) – Turkey is taking measures to re-establish fiscal discipline and control the level of the budget deficit, Finance Minister Mehmet Simsek said on Sunday. The budget deficit for …

  • Business News

    Mexican Pemex estimates platform fire shut in 700,000 barrels of oil

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    MEXICO CITY (Reuters) – Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to …

  • Business News

    ‘Chinese storm’ looming over Europe’s EV sector, Renault chairman warns

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    By Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) – A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower …

  • Business News

    Suspended Twitter account tracking Elon Musk’s jet moves to rival Meta’s Threads

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    (Reuters) – Jack Sweeney, the creator of an account tracking Elon Musk’s private jet in real time, has moved to Mark Zuckerberg’s Twitter-rival Threads after being suspended from Twitter last …

  • Breaking NewsBusiness NewsCommunity NewsEntertainment NewsNew Jersey News

    New Jersey author has children’s book yanked for plagiarism

    by Charlie Dwyer July 8, 2023
    by Charlie Dwyer July 8, 2023

    Sicklerville, NJ – According to National Review, New Jersey author and activist Rann Miller, known for his left-wing activism and social justice work, has been accused of plagiarizing significant portions …

  • Business News

    San Francisco’s new venture capital hotspot: The Presidio

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    By Krystal Hu SAN FRANCISCO (Reuters) – Venture capital firm Headline used to be in one of San Francisco’s most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the …

  • Breaking NewsBusiness NewsCommunity NewsNew York City News

    Uber, Door Dash To Sue New York City Over $20 Minimum Wage Law

    by Adam Devine July 8, 2023
    by Adam Devine July 8, 2023

    NEW YORK, NY – Uber Technologies Inc, DoorDash Inc, and other app-based food delivery companies have filed lawsuits challenging New York City’s new law that establishes a minimum wage for …

  • Breaking NewsBusiness NewsCommunity NewsGovernment NewsNew Jersey News

    New Jersey farmers who faced discrimination eligible for relief

    by Charlie Dwyer July 8, 2023
    by Charlie Dwyer July 8, 2023

    TRENTON, NJ – Farmers in the New York and New Jersey region who have faced discrimination from the U.S. government could be eligible for relief in the near future. The …

  • Breaking NewsBusiness NewsFeatured NewsNew Jersey News

    New Jersey company to buy Bed Bath and Beyond’s Intellectual Property at Auction

    by Jessica Woods July 8, 2023
    by Jessica Woods July 8, 2023

    NEWARK, NJ – Bankrupt retailer Bed Bath & Beyond has decided to abandon its search for a buyer for its entire Buy Buy Baby business. Instead, the company will seek …

  • Business News

    Yellen swaps stories of being ‘the only woman in the room’ with Chinese economists

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen, a trailblazer in the field of economics, met with six female economists in Beijing on …

  • Business News

    TotalEnergies boss: 2024 U.S. election could cause energy shock

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    PARIS (Reuters) – The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of …

  • Business News

    Ant’s surprise share buyback values firm at steep 75% discount to IPO

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    By Julie Zhu and Josh Ye HONG KONG (Reuters) -Ant Group on Saturday announced a surprise share buyback that values the fintech giant at $78.54 billion, well below the $315 …

  • Business News

    China’s auto group retracts pledge to avoid ‘abnormal pricing’

    by Reuters July 8, 2023
    by Reuters July 8, 2023

    SHANGHAI (Reuters) – The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid “abnormal pricing” made two days earlier by 16 automakers, including …

  • Business News

    Wall Street ends choppy day lower after jobs data

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended lower on Friday in a seesaw session, as investors digested a U.S. jobs …

  • Business News

    Argentina inflation seen at 142% this year, down from previous poll

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    BUENOS AIRES (Reuters) – Expectations for galloping consumer prices in Argentina remain solidly in triple-digit territory, a monthly analyst poll showed on Friday, though the forecast edged down slightly compared …

  • Business News

    Argentina delegation set to travel to US next week for IMF talks -source

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Jorge Otaola BUENOS AIRES (Reuters) -The Argentine government will send a delegation next week to Washington in a bid to finalize the renegotiation of its $44 billion loan with …

  • Business News

    Robots say they won’t steal jobs, rebel against humans

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Emma Farge GENEVA (Reuters) -Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans’ …

  • Business News

    Barclays hires Birchenough as chairman of healthcare investment banking

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By David Carnevali NEW YORK (Reuters) – Barclays Plc has hired Jim Birchenough from Wells Fargo & Co as its chairman of global healthcare investment banking, a spokesperson for the …

  • Business News

    Global stocks index flat, Dollar falls on mixed U.S. jobs data

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equity index ended Friday’s session virtually unchanged while the dollar was lower as government data showed that U.S. jobs growth slowed …

  • Business News

    US bank credit rose last week, while commercial and industrial loans fell -Fed data

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    (Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday …

  • Business News

    Brazil’s lower house approves crucial tax trial rules change

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    BRASILIA (Reuters) – Brazil’s lower house passed a bill on Friday aimed at raising the bar for companies to win challenges to their tax bills, delivering a win for the …

  • Business News

    U.S. Black employment falls despite wider job market stability

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Safiyah Riddle (Reuters) – The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some …

  • Business News

    Republicans question BlackRock fund governance, revisiting old concerns

    by Reuters July 7, 2023
    by Reuters July 7, 2023

    By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. …

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