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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    China new home prices edge down in June for second consecutive month

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    BEIJING (Reuters) – New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain …

  • Business News

    Disney accused in lawsuit of ‘systematically’ paying women less than men in California

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) – Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company’s female employees in the state earned $150 million less than …

  • Business News

    US chicken producers ordered to face price-fixing claims

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Jonathan Stempel (Reuters) – A federal judge on Friday said Pilgrim’s Pride, Sanderson Farms, Tyson Foods and several other companies must face private antitrust litigation accusing them of conspiring …

  • Business News

    Cboe refiles Fidelity bitcoin ETF application, plans Coinbase policing partnership

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By John McCrank and Carolina Mandl (Reuters) -Exchange operator Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, …

  • Business News

    Wall St rallies; Nasdaq hits 40-yr milestone, Apple scales $3 trillion

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – Wall Street’s three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in …

  • Business News

    Top U.S. banks raise dividends after sailing through Fed stress tests

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Saeed Azhar, Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday …

  • Business News

    Google hires Brazil’s Temer to lobby on controversial internet bill

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) -Google has hired Brazilian former President Michel Temer to lobby lawmakers considering a proposal to regulate the internet, his adviser said on Friday. The legislative proposal, also known as …

  • Business News

    Argentina economic activity slumps 4.2% in April as drought hit farming

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic slumped 4.2% in April from a year earlier, the country’s official INDEC statistics agency said on Friday, the worst drop since …

  • Business News

    Argentina makes IMF payment as deal talks grind on

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Rodrigo Campos and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) -The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it …

  • Business News

    Alberta agency, China private equity fund ends partnership

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (This June 29 story has been corrected to clarify that the entity involved is not an Alberta government agency in the headline and paragraphs 1 and 2) By Divya Rajagopal …

  • Business News

    Nokia renews patent license agreement with Apple

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) – Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current license between the companies expires at the end of 2023. …

  • Business News

    After first-half rally, stocks’ July winning streak on the line

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an …

  • Business News

    U.S. Supreme Court to consider scope of workplace bias law

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Daniel Wiessner (Reuters) – The U.S. Supreme Court on Friday agreed to decide whether workers can bring discrimination lawsuits based on unwanted workplace transfers that were allegedly motivated by …

  • Business News

    Twitter now requires users to sign in to view tweets

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) -Twitter will now require users to have an account on the social media platform to view tweets, a move that owner Elon Musk on Friday called a “temporary emergency …

  • Business News

    Six questions facing US stock investors as 2023’s second half nears

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market has powered higher in the first half of this year despite numerous obstacles, from banking sector turmoil to recurring doubts …

  • Business News

    US regulators consider to limit major lenders’ borrowings from FHLBs – Bloomberg News

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) -U.S. officials are considering to limit the ability of large banks to use Federal Home Loan Banks (FHLBs) as a financial backstop, as part of a broader proposal to …

  • Business News

    US warns new Chinese counterespionage law puts companies at risk

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Michael Martina WASHINGTON (Reuters) -The U.S. on Friday warned about a new Chinese counterespionage law, saying American and other foreign companies in the country could face penalties from Chinese …

  • Business News

    Yellen sees strong job market, lower inflation, even as US economy cools

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By David Lawder (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that the U.S. economy is on a path to maintain a strong labor market while reducing inflation, even …

  • Business News

    Apple’s market value ends above $3 trillion for first time

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Noel Randewich and Tiyashi Datta (Reuters) -Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving …

  • Business News

    Wall St ends strong quarter with broad rally, dollar dips as inflation cools

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply higher and the dollar softened on Friday as investors closed the books on a solid quarter, with data showing …

  • Business News

    Revised UPS contract offer makes ‘significant’ movement on pay -Teamsters

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service delivered a revised contract offer with “significant movement on wages and other economic language,” the union representing roughly 340,000 U.S. drivers, …

  • Business News

    Goldman Sachs may exit partnership with Apple – WSJ

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    (Reuters) -Goldman Sachs is considering exiting its partnership with Apple, the Wall Street Journal reported on Friday, citing sources familiar with the matter. The iPhone-maker and Goldman Sachs started rolling …

  • Business News

    Corporate agitators slow down in Q2 but ready to pounce in H2 – Barclays data

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more …

  • Business News

    US, European IPOs show signs of life after lengthy drought

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Echo Wang and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) – A lackluster IPO market is showing signs of life as a flurry of deals in the United States and …

  • Business News

    Fox settles lawsuit with fired former producer Grossberg for $12 million

    by Reuters June 30, 2023
    by Reuters June 30, 2023

    By Helen Coster and Jonathan Stempel NEW YORK (Reuters) -Fox Corp has settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had claimed gender discrimination …

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