Breaking Business news from across New Jersey.
(Reuters) -Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm’s implosion, Bloomberg News reported …
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will likely deliver a 25 basis point interest rate increase on Aug. 1 following a pause on Tuesday according to economists …
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing …
By Howard Schneider WASHINGTON (Reuters) -A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further …
By Steve Scherer and Costas Pitas (Reuters) -Stellantis-LG Energy Solution (LGES) will resume construction of an electric-vehicle battery plant in Canada after the federal government and province of Ontario increased …
By Huw Jones LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability and investors’ ability to withdraw money, Britain’s Financial …
By Huw Jones LONDON (Reuters) – Britain’s role as a leading financial centre is at stake unless it comes up with a roadmap for digital representations of stocks, bonds, loans …
By Kevin Buckland and Ankur Banerjee TOKYO (Reuters) -A tailwind behind Japanese stocks is strengthening as large foreign funds who have been avoiding the market for decades start to reach …
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal …
(Reuters) – A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell its investment banking business to the division’s founder. Buyers include …
By Steve Gorman LOS ANGELES (Reuters) – Thousands of Los Angeles-area hotel staffers returned to work on Wednesday from a three-day strike without a contract, but union leaders threatened further …
By Lewis Jackson SYDNEY (Reuters) -PwC Australia provided Google confidential information about the start date of a new tax law leaked from Australian government tax briefings, according to two sources …
By Anna Tong (Reuters) – ChatGPT’s creator OpenAI plans to invest significant resources and create a new research team that will seek to ensure its artificial intelligence remains safe for …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. U.S. Treasury Secretary Janet Yellen touches down in Beijing on …
NEW YORK (Reuters) – Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend to 24 cents per share from 22 cents per share …
By Shariq Khan BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post-holiday response to supply cuts announced …
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday it was the right move for the central bank to …
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, …
By Brenda Goh, Supantha Mukherjee and Kanishka Singh SHANGHAI/STOCKHOLM/WASHINGTON (Reuters) -China’s decision this week to restrict exports of some strategic metals has prompted more companies to re-think their reliance on …
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – MSCI’s global equities index lost ground on Wednesday after weaker-than-expected overseas data and as investors monitored a heating up of …
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the …
By Huw Jones LONDON (Reuters) -Global regulators on Wednesday proposed tougher rules for investment funds to increase their resilience to market shocks as they clamp down on “non banks” which …
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said …
By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the EU’s new criteria of “gatekeeper” that means they have to …
By Abhijith Ganapavaram (Reuters) -The Teamsters Union said on Wednesday United Parcel Service “walked away” from negotiations over a new contract, a claim the shipping giant denied, lobbing its own …