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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Goldman Sachs nominates former BofA executive Montag to join board

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    NEW YORK (Reuters) – Members of Goldman Sachs’ board nominated former Bank of America executive Tom Montag to join as an independent director, according to a filing on Thursday. Montag …

  • Business News

    Marketmind: China, Japan data bring curtain down on H1

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets bring an eventful first half of the year …

  • Business News

    IMF board completes Ukraine loan review, allowing $890 million withdrawal

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s executive board on Thursday completed its first review of Ukraine’s $15.6 billion loan program, allowing Kyiv to immediately …

  • Business News

    Brazil government sets new 2026 inflation target, tweaks fulfillment time frame

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Victor Borges and Marcela Ayres BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN), the country’s top economic policy body, decided on Thursday to set its 2026 inflation target at 3% …

  • Business News

    Online retailer Overstock rebranding as Bed Bath & Beyond

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Dietrich Knauth NEW YORK (Reuters) -Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company’s intellectual property assets in bankruptcy, Overstock …

  • Business News

    Volkswagen in talks with Tesla to adopt its charging standard

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    (Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automaker’s charging network unit Electrify America has already agreed to use …

  • Business News

    Google to block news in Canada over law on paying publishers

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Ismail Shakil OTTAWA (Reuters) -Google said on Thursday it plans to block Canadian news on its platform in Canada, joining Facebook in escalating a campaign against a new law …

  • Business News

    US regulators ask lenders to work with stressed commercial real estate firms

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    (Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” …

  • Business News

    Fed’s lending to banks shrinks in latest week

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    (Reuters) – Federal Reserve lending to banks shrunk modestly in the latest week, central bank data released Thursday showed. The Fed lent banks $3.2 billion via its discount window as …

  • Business News

    Fidelity spot bitcoin ETF application refiled with U.S. SEC

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    (Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund, according to a filing by listing exchange …

  • Business News

    Canada says Microsoft deal to buy Activision likely to lessen competition

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    WASHINGTON (Reuters) -Canada’s Department of Justice has concluded that Microsoft’s deal to buy “Call of Duty” maker Activision Blizzard “is likely to” lead to less competition in some aspects of …

  • Business News

    AMC ‘backstabbed’ retail investors, settlement opponent tells court

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Jody Godoy (Reuters) – An AMC Entertainment Holdings shareholder who objected to a settlement over the theater chain’s controversial stock conversion plan told a Delaware court on Thursday that …

  • Business News

    S&P 500 ends higher, Treasury yields touch three-month high on solid US economic data

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Stephen Culp NEW YORK (Reuters) – The S&P 500 advanced on Thursday and benchmark Treasury yields hit their highest level since early March as robust economic data helped ease …

  • Business News

    SVB Financial nears approval to sell its investment banking business

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge said Thursday that he would allow SVB Financial Group to sell its investment banking division, once the company has …

  • Business News

    US yield curve inversions deepen on hawkish Fed, strong data

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Davide Barbuscia NEW YORK (Reuters) -Several parts of the U.S. Treasury yield curve are reaching deeper levels of inversion, a sign that bond investors are increasingly worried about an …

  • Business News

    US weekly jobless claims post biggest drop in 20 months as economy shows stamina

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the …

  • Business News

    Dollar index hits two-week high as data boosts Fed hike expectations

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index climbed to a two-week high on Thursday after economic data showed the labor market remained on a solid footing, …

  • Business News

    Credit Suisse appoints investment banking management committee -memo

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a …

  • Business News

    Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Niket Nishant and Krystal Hu (Reuters) -Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion from investors including Microsoft and …

  • Business News

    Chevron offers to sell oil and gas properties in New Mexico, Texas

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    HOUSTON (Reuters) – Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents seen by Reuters, as the U.S. oil major …

  • Business News

    Regulatory logjam in China offshore listings hits firms’ funding plans

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Chinese companies are finding it challenging to get timely regulatory approvals for overseas share offerings as scrutiny of their proposals …

  • Business News

    Three charged with insider trading ahead of proposed Trump Media merger

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Jonathan Stempel and Helen Coster NEW YORK (Reuters) -U.S. prosecutors on Thursday charged three Florida men with making more than $22 million through insider trading in late 2021 ahead …

  • Business News

    Lawsuit says OpenAI violated US authors’ copyrights to train AI chatbot

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Blake Brittain (Reuters) – Two U.S. authors sued OpenAI in San Francisco federal court on Wednesday, claiming in a proposed class action that the company misused their works to …

  • Business News

    US Supreme Court tosses Hetronic’s $96 million trademark win against European distributor

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Blake Brittain WASHINGTON (Reuters) – Limiting the foreign reach of American trademark law, the U.S. Supreme Court on Thursday threw out a $96 million jury award for Methode Electronics …

  • Business News

    Fed’s Powell signals fresh US rate hikes ahead

    by Reuters June 29, 2023
    by Reuters June 29, 2023

    By Jesús Aguado, David Latona and Padraic Halpin (Reuters) -U.S. central bankers are likely to resume their rate hike campaign after a break earlier this month, Federal Reserve Chair Jerome …

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