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Category:

Business News

Breaking Business news from across New Jersey.

  • Breaking NewsBusiness NewsCommunity NewsFeatured NewsGardeningNew Jersey News

    Hand picked New Jersey strawberries are always better than store bought ones

    by Lifestyle and Family June 18, 2023
    by Lifestyle and Family June 18, 2023

    There’s something undeniably delightful about picking your own fresh produce, especially when it comes to strawberries. New Jersey, known as the Garden State, offers a plethora of opportunities to indulge …

  • Business News

    Boeing defense margins to remain flat in second quarter

    by Reuters June 18, 2023
    by Reuters June 18, 2023

    (Reuters) -Margins at Boeing’s defense unit will look similar in the second quarter to its first-quarter results, Boeing Defense CEO Ted Colbert said Sunday. Margins at its defense unit were …

  • Business News

    Exclusive-Mystery X9 helicopter takes shape as potential successor to Airbus H145

    by Reuters June 18, 2023
    by Reuters June 18, 2023

    By Tim Hepher PARIS (Reuters) – After a decade in the shadows, one of Europe’s mystery aerospace projects – the X9 helicopter – is taking shape as a potential future …

  • Business News

    Intel to invest $25 billion in Israel factory in record deal, Netanyahu says

    by Reuters June 18, 2023
    by Reuters June 18, 2023

    JERUSALEM (Reuters) -U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in …

  • Business News

    Binance issues cease and desist notice to “Binance Nigeria Limited”

    by Reuters June 18, 2023
    by Reuters June 18, 2023

    (Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer …

  • Business News

    Analysis-Argentina faces crunch IMF talks to defuse looming debt bomb

    by Reuters June 18, 2023
    by Reuters June 18, 2023

    By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK (Reuters) – Argentina and the International Monetary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet …

  • Business News

    Microsoft says early June service outages were cyberattacks

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    (Reuters) – Microsoft said on Friday that the outages that affected certain services of the company through some of the earlier days of this month were the result of cyberattacks, …

  • Business News

    Nidec to form joint venture with Brazil’s Embraer to make flying car parts

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    TOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be …

  • Business News

    Boeing boosts 20 year outlook for planes due to narrowbody demand

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    By Valerie Insinna PARIS (Reuters) – U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand …

  • Business News

    Taiwan seeks closer EU ties in return for chip investment – minister

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    By Philip Blenkinsop (Reuters) – European countries should strengthen relations with Taiwan if they want continued Taiwanese investment in semiconductor production, Foreign Minister Joseph Wu said during a visit to …

  • Business News

    Elon Musk says Twitter video app for smart TVs is ‘coming’

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    (Reuters) – A Twitter video app for smart TVs is in the social media company’s plans, owner Elon Musk said in a tweet on Saturday, a move that would be …

  • Business News

    WestJet to shut down Sunwing Airlines

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    (Reuters) – WestJet group is planning to wind down low-cost carrier Sunwing Airlines and integrate it into its main business, according to a memo seen by Reuters. The move is …

  • Business News

    Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    (Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg …

  • Business News

    Exclusive-Blackstone’s Horizon head Scott Bommer to leave company

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group’s Scott Bommer, who oversaw its hedge fund unit’s growth strategy Horizon platform, is leaving the company for health reasons, according to …

  • Business News

    ‘Prospects for UBS are better than ever’ – CEO Ermotti

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    ZURICH (Reuters) – UBS’s Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank’s historic takeover of former rival Credit Suisse. “The …

  • Business News

    Taiwan says will it keep talking to US on forex policies

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after …

  • Business News

    Japan to open up Apple- and Google-dominated phone apps to competition

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    TOKYO (Reuters) – Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the …

  • Business News

    Polish LGBTQ march seeks to show strength as election looms

    by Reuters June 17, 2023
    by Reuters June 17, 2023

    WARSAW (Reuters) – Tens of thousands of Poles are expected to march through the streets of Warsaw on Saturday to demand equality for LGBTQ people, as the community eyes elections …

  • Business News

    IMF sees Honduran economic growth slowing to about 3% in 2023

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances …

  • Business News

    World Bank green lights $500 million loan to boost Costa Rica’s budget

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    SAN JOSE (Reuters) – The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support for the government’s budget, according to a statement from the …

  • Business News

    Meta’s social media apps back up after outage

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    (Reuters) -Meta Platforms said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At …

  • Business News

    S&P 500 ends lower as Microsoft recedes from record high

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials …

  • Business News

    Factbox-Potential outcomes of FTC legal bids to block Microsoft-Activision deal

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    (Reuters) – Microsoft, which is seeking to buy games giant Activision, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion …

  • Business News

    Faraday Future plans reverse stock split and delays EV deliveries

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    (Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq’s minimum bid price requirements. Nasdaq …

  • Business News

    Exclusive-Mondelez ‘singled out’ in boycott over Russia business-memo

    by Reuters June 16, 2023
    by Reuters June 16, 2023

    NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival companies that are also continuing to …

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