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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Goldman Sachs says rising EV usage to power higher copper demand

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million …

  • Business News

    AI robots could play future role as companions in care homes

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Emma Farge GENEVA (Reuters) – Nadine, a social robot powered by Artificial Intelligence (AI) with human-like gestures and expressions, could have an important future role to play in tending …

  • Business News

    Dish’s Charlie Ergen looks to merge Dish and EchoStar – Semafor

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar, news publication Semafor reported on Thursday, citing people familiar with …

  • Business News

    Meta to launch Twitter challenger app Threads

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how …

  • Business News

    European shares hit 14-week low on rate hike jitters

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Shreyashi Sanyal (Reuters) -European shares slumped to their lowest level in three months on Thursday, as heightened concerns about further interest rate hikes globally dented risk sentiment, while shares …

  • Business News

    Analysis-China slowdown prompts export-reliant Europe stocks rethink

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Joice Alves LONDON (Reuters) – A lack of clarity on Beijing’s planned stimulus measures will mean a mixed appetite for European stocks over the rest of 2023, investors say, …

  • Business News

    Retail traders pile into US stocks; focus shifts to EVs from AI

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Medha Singh (Reuters) -Retail traders raised their exposure to U.S. stocks in June encouraged by healthy returns, with their focus shifting to electric-vehicle firms from artificial intelligence stocks earlier …

  • Business News

    Google delays release of fully custom phone chip until 2025 – The Information

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Alphabet Inc’s Google has delayed the release of a fully custom chip for its Pixel smartphones until 2025, The Information reported on Thursday, citing two people familiar with …

  • Business News

    Stellantis reaches preliminary deal for rare earth minerals with NioCorp

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) – Automaker Stellantis N.V. and Canada-based miner NioCorp Developments Ltd on Thursday signed an offtake term sheet with the objective of establishing a supply deal for rare earth minerals …

  • Business News

    GM says it could face compliance challenges under new emissions rules

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it could face compliance challenges under the Environmental Protection Agency’s proposed vehicle emissions rules and other state and federal regulations, …

  • Business News

    NY Fed data shows underlying inflation may be slower than thought

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed faster than the headline measures that have kept U.S. central …

  • Business News

    Ford auto sales rise on robust demand, improved supply

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    (Reuters) -Ford Motor Co on Thursday followed rivals in reporting a rise in second-quarter U.S. auto sales, driven by easing supply chain snags and pent-up demand for personal transportation. The …

  • Business News

    Generali buys U.S. asset manager Conning under deal with Cathay Life

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    MILAN (Reuters) – Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian …

  • Business News

    German 2-year bond yield hits 15-year high as traders eye more hikes

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Harry Robertson and Alun John LONDON (Reuters) -Germany’s two-year bond yield jumped to its highest level in 15 years on Thursday, rising back above the peak it hit in …

  • Business News

    US rate futures lift chances of November hike after overall upbeat data

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Thursday saw an increased probability of another rate increase by the Federal Reserve in November after news private …

  • Business News

    Tackle demand, not supply, to cut emissions, oil bosses say

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Dmitry Zhdannikov, Ron Bousso and Shadia Nasralla VIENNA (Reuters) -The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce …

  • Business News

    Berlusconi leaves control of business empire to two eldest children

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Elvira Pollina MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will together control the business empire founded by the former prime minister, according to the terms …

  • Business News

    Law firm Paul Hastings extends hiring streak with Goodwin partner pair

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Chinekwu Osakwe (Reuters) – U.S. law firm Paul Hastings said Thursday that it has hired two partners from rival Goodwin Procter as practice leaders in New York and Washington, …

  • Business News

    Pentagon has strategic germanium stockpile but no gallium reserves

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    WASHINGTON (Reuters) – The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday, after China announced export restrictions …

  • Business News

    Surprise Canada May trade deficit points toward slowing economy

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada recorded a surprise trade deficit in May, a sign economic growth may be slowing, as energy and grains dragged down …

  • Business News

    Fed’s Logan says more rate hikes needed amid unexpected economic strength

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday that there was a case for a rate rise at the June policy …

  • Business News

    Insight Partners raises $118 million fund to back underrepresented VCs

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Krystal Hu (Reuters) -Global tech investor Insight Partners has raised $118 million in its second 20/20 Vision Capital fund that aims to invest in venture capital funds led by …

  • Business News

    ‘Stoneos’ cannabis cookies look too much like Oreos, says US FTC

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    WASHINGTON (Reuters) -Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist letters because the packaging looks too much like foods that kids …

  • Business News

    Argentina to hold interest rate at 97% as raging inflation eases – bank sources

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation …

  • Business News

    U.S. job openings fall in May, still elevated

    by Reuters July 6, 2023
    by Reuters July 6, 2023

    WASHINGTON (Reuters) – U.S. job openings dropped in May, but remained at higher levels, indicating that labor market conditions were slowly easing. Job openings, a measure of labor demand, fell …

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