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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Wall Street falls as Treasury yields rise, investors digest inflation data

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed lower on Thursday after a U.S. Treasury auction sent bond yields higher while investors were already digesting …

  • Business News

    California AG says he may sue to stop Kroger from buying Albertsons

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Diane Bartz WASHINGTON (Reuters) -California Attorney General Rob Bonta said on Thursday that his office was concerned about Kroger’s proposed deal to buy rival Albertsons for $24.5 billion, and …

  • Business News

    Canada regulator to make preliminary decision on Trans Mountain expansion tolls

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Ismail Shakil and Nia Williams OTTAWA (Reuters) – The Canada Energy Regulator (CER) said on Thursday it will make a preliminary decision on Trans Mountain Corp’s proposed shipping tolls …

  • Business News

    Dollar General reappoints former CEO Vasos for second stint, cuts FY23 view

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) -Dollar General on Thursday brought back former chief Todd Vasos to replace CEO Jeffery Owen less than a year after his appointment, in a move to stabilize its struggling …

  • Business News

    LendingClub reducing 14% of workforce to ease cost pressures

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) – LendingClub is cutting 172 jobs, or 14% of its workforce, the financial services company said on Thursday, as it looks to reduce costs amid continued macroeconomic uncertainty. The …

  • Business News

    US electric-vehicle sales hit record high, Tesla loses market share – report

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) – Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla’s market share slipped …

  • Business News

    Marketmind: After US, inflation focus turns to China

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As investors digest the market and policy implications of this …

  • Business News

    SPAC to return remaining $533 million raise for Trump social media deal

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Helen Coster NEW YORK (Reuters) -Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump’s media and technology company, said this week it …

  • Business News

    Voyager Digital co-founder sued by US regulators for fraud

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -U.S. regulators sued the former CEO and co-founder of Voyager Digital Ltd on Thursday, saying the executive and the crypto lender …

  • Business News

    Fed’s Powell set to speak Oct 19 ahead of blackout period

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) – Federal Reserve Chair Jerome Powell will speak on Oct. 19 before the Economic Club of New York, just before the U.S. central bank’s blackout period begins ahead of …

  • Business News

    Canada news industry body backs Google’s concerns about online news law

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Ismail Shakil OTTAWA (Reuters) – A Canadian news industry body on Thursday lent support to some of Google’s concerns about a new law that aims to make large internet …

  • Business News

    How Singapore’s unique monetary policy works

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Xinghui Kok SINGAPORE (Reuters) -Singapore’s central bank has a unique method of conducting monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like …

  • Business News

    Israel raises $200 million in bonds, debt insurance costs surge

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Libby George LONDON (Reuters) -Israel has raised $200 million from diaspora bond sales since the war with Hamas began, Israel Bonds said in a statement. The group, the government’s …

  • Business News

    Sam Bankman-Fried approved use of customer funds, Caroline Ellison says in recording

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Jurors at Sam Bankman-Fried’s trial heard a recording on Thursday of Caroline Ellison telling employees of his Alameda Research hedge fund …

  • Business News

    Dollar, yields rise, stocks fall after US consumer price data

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – U.S. Treasury yields rose and the dollar strengthened while global stock markets fell on Thursday after data showed U.S. consumer prices increased more …

  • Business News

    Big banks eyed another year of balance sheet cuts – NY Fed survey

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Michael S. Derby NEW YORK (Reuters) -The U.S. Federal Reserve has about a year left to run on its efforts to shrink its still massive stock of cash and …

  • Business News

    NZ’s Auckland Airport financial chief resigns

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) – New Zealand’s Auckland International Airport said on Friday Chief Financial Officer Phil Neutze had resigned, after over a decade-long stint with the country’s biggest airport operator. AIA said …

  • Business News

    Fed’s Collins says CPI data drives home uneven progress on restoring price stability

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Thursday said the latest inflation data underscores uneven progress toward restoring price stability, …

  • Business News

    Housing remains a puzzle in Fed’s inflation fight

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials throughout this year had pinned their hopes for falling inflation in part on an expected easing of U.S. housing price increases that …

  • Business News

    High inflation means children go hungry around the world – survey

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Daniel Trotta (Reuters) – High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian …

  • Business News

    Dollar gains after US consumer prices rise more than expected

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Herbert Lash NEW YORK (Reuters) -The dollar rose sharply on Thursday after U.S. consumer prices rose more than expected in September, lifted by an elevated cost of rent that …

  • Business News

    Oil reverses gains after US posts large crude build

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Stephanie Kelly NEW YORK (Reuters) -Oil prices reversed early gains on Thursday in a volatile session, after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest …

  • Business News

    US proposes $270,000 fine for joint venture GM battery plant

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By David Shepardson WASHINGTON (Reuters) -U.S. investigators on Thursday proposed $270,000 in fines for a General Motors and LG Energy Solution joint venture battery plant in Ohio for safety and …

  • Business News

    Birkenstock’s stock loses footing in second day on Wall Street

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    (Reuters) – Shares of Birkenstock dropped 6% on Thursday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut. In its first session …

  • Business News

    G7 finance leaders condemn Hamas ‘terror attacks’ on Israel

    by Reuters October 12, 2023
    by Reuters October 12, 2023

    By Leika Kihara and David Lawder MARRAKECH, Morocco (Reuters) -Finance leaders of the Group of Seven (G7) advanced nations on Thursday condemned “terror attacks” on Israel by Hamas and voiced …

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