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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Japan’s top currency diplomat escalates warning against weak yen

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Tetsushi Kajimoto TOKYO (Reuters) -Japan is not ruling out any options in responding appropriately to excessive currency moves, its top currency diplomat said on Monday, stepping up warnings against …

  • Business News

    Renewables growth did not dent fossil fuel dominance in 2022, report says

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    LONDON (Reuters) – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, …

  • Business News

    Sweden sees ’cause for concern’ on retailer margins as food prices surge

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Marie Mannes STOCKHOLM (Reuters) – Sweden’s competition authority has expressed concern about margins being charged by supermarkets and wholesalers as it probes possible profiteering in a country that saw …

  • Business News

    Factbox-PwC Australia scandal latest of many around the globe for the firm

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to …

  • Business News

    GSK soothes investors by settling first Zantac cancer lawsuit due for US trial

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    (This June 23 story has been corrected to say analysts had suggested cases in California, not only the Goetz case, would have cost GSK ‘low hundreds of millions’ of dollars …

  • Business News

    Sharp slowdown in growth of bank lending for euro zone and Germany forecast

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    FRANKFURT (Reuters) – High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular slowdown in growth in Germany …

  • Business News

    A second life for EV batteries? Depends how long the first is

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Nick Carey, Paul Lienert and Victoria Waldersee LONDON (Reuters) – Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery …

  • Business News

    Exclusive-Deutsche Bank tells investors some of their Russian shares are missing

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Sinead Cruise and Carolina Mandl LONDON/NEW YORK (Reuters) – Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining …

  • Business News

    Take Five: The only way is up

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    (Reuters) -It’s been a turbulent week or two for markets, with one central bank after another making it very clear the only way for rates right now is up as …

  • Business News

    Marketmind: Markets take mutiny in their stride, for now

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    A look at the day ahead in European and global markets from Tom Westbrook Investors in the Asia session were circumspect after an extraordinary weekend in Russia, briefly bidding up …

  • Business News

    Factbox-What’s new with the U.S. Fed’s 2023 bank stress tests?

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday, June 28. Under the “stress test” …

  • Business News

    Big US banks to fare well in annual health checks despite spring turmoil

    by Reuters June 26, 2023
    by Reuters June 26, 2023

    By Pete Schroeder WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any fresh turmoil in the banking sector during this week’s Federal …

  • Breaking NewsBusiness NewsEntertainment NewsFeatured NewsNew Jersey NewsOcean County NewsToms River News

    Casino Pier remains a favorite destination at the shore

    by Jessica Woods June 26, 2023
    by Jessica Woods June 26, 2023

    SEASIDE HEIGHTS, NJ – Ten years after it was nearly destroyed by Superstorm Sandy, the Casino Pier, known for the iconic rollercoaster in the Atlantic Ocean in the aftermath has …

  • Business News

    PwC Australia says staff involved in tax leak face ‘severe’ consequences

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face “severe” consequences, acting …

  • Breaking NewsBusiness News

    Clairton Fight Leads to Charges

    by Ryan Dickinson June 25, 2023
    by Ryan Dickinson June 25, 2023

    Clairton, PA – Early Sunday morning, at around 5:45 a.m., the Clairton Police Department responded to a report of a fight in the 800 block of Vankirk Avenue. Police were …

  • Business News

    BOJ member called for early tweak to YCC, yen worries resurface

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -A Bank of Japan (BOJ) policymaker called for an early revision to its controversial yield curve control, a summary of opinions at …

  • Business News

    US retailers targeted with bomb threats in recent months, seeking bitcoin and gift cards – WSJ

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    (Reuters) – Law-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on …

  • Business News

    Australia’s Element 25 to supply GM with manganese sulphate, shares jump

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Melanie Burton and Harish Sridharan MELBOURNE (Reuters) – Element 25 Ltd said on Monday it will supply manganese sulphate to General Motors as the automaker looks to secure supply …

  • Business News

    China refiners stoke petrochemical glut in market share war as demand flags

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Mohi Narayan and Andrew Hayley (Reuters) – China is relentlessly adding new petrochemical capacity despite a global glut as the country’s refiners diversify from transport fuels, threatening to depress …

  • Business News

    Russia back in investors’ focus after weekend mutiny

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    NEW YORK/LONDON (Reuters) -Investors were watching for ripple effects from the aborted mutiny in Russia, with some expecting a move into safe havens such as U.S. government bonds and the …

  • Business News

    Investors shelve China assets before bigger stimulus

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Summer Zhen HONG KONG (Reuters) -Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past …

  • Business News

    Marketmind: Russian turmoil tests safe-haven demand

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Monday kick off what looks like a …

  • Business News

    Apollo Global leads debt investment in chipmaker Wolfspeed – media

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    (Reuters) – A group of investors led by Apollo Global Management is making a debt investment between $1 billion to $2 billion in chipmaker Wolfspeed to support its expansion in …

  • Business News

    China must act fast to bolster recovery, says senior economic official

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    BEIJING (Reuters) – China needs to step up measures as soon as possible to bolster a faltering post-COVID recovery in the world’s second-largest economy, a senior economic official with the …

  • Business News

    Lofty valuations on US stocks a growing worry for investors

    by Reuters June 25, 2023
    by Reuters June 25, 2023

    By Lewis Krauskopf NEW YORK (Reuters) -Some Wall Street banks are sounding caution on the U.S. stock rally, warning that stretched valuations have made equities more vulnerable to declines. The …

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