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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Domino’s Pizza banks on promotions, loyalty program to revive demand

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

    By Juveria Tabassum and Deborah Mary Sophia (Reuters) -Domino’s Pizza on Thursday bet on a revival in U.S. demand on the back of its spruced-up loyalty program and promotional offers …

  • Business News

    Citigroup’s board to meet in Singapore for the first time since 2011

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

    SINGAPORE (Reuters) – Citigroup Inc said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the …

  • Business News

    China bans new offshore brokerage accounts to prevent ‘bypassing’ of forex controls

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

    By Selena Li and Summer Zhen HONG KONG (Reuters) -China has for the first time issued a notice prohibiting domestic brokerages and their overseas units from taking on new mainland …

  • Business News

    Exxon buying Pioneer will trigger $71 million in executive windfalls

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

    By David French NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company’s $60 billion sale to Exxon Mobil is completed, …

  • Business News

    IEA, OPEC predictions of 2024 oil demand growth diverge further

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

    By Alex Lawler and Natalie Grover LONDON (Reuters) – The gap between two leading oil forecasters’ views on 2024 demand growth widened on Thursday, with the International Energy Agency (IEA) …

  • Business News

    Viasat says it will not replace satellite that malfunctioned

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

    LONDON (Reuters) – Viasat said it expects to recover less than 10% of the planned throughput on ViaSat-3 F1, its satellite that malfunctioned during deployment in July, but it was …

  • Business News

    How stars aligned for Exxon’s $60 billion deal with Pioneer

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

    By Sabrina Valle and David French HOUSTON/NEW YORK (Reuters) – Exxon Mobil Corp’s resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheffield were …

  • Business News

    With rates near peak, ECB focus shifts to growth, bond spreads

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

    By Balazs Koranyi and Francesco Canepa MARRAKECH/FRANKFURT (Reuters) -European Central Bank policymakers expressed cautious optimism on Thursday that inflation was on its way back to 2% even without more rate …

  • Business News

    Instant View: Gas and shelter costs send US consumer prices higher in Sept

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

    NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve …

  • Business News

    Goldman Sachs seen headed to steep earnings drop as deal-making lags

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

    By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. …

  • Business News

    Reversing course, Bank of Russia endorses new currency controls

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

    By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision to reimpose currency controls, a measure it had been …

  • Business News

    Biden to meet with Target, IBM and other CEOs

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

    WASHINGTON (Reuters) – President Joe Biden will meet with the chief executives of several large companies on Thursday to get their perspective on the U.S. economy, a White House official …

  • Breaking NewsBusiness NewsCommunity NewsFeatured NewsNew Jersey NewsSports

    New Jersey Could Soon Be the Indoor Pickleball Capital of America

    by Jessica Woods October 12, 2023
    by Jessica Woods October 12, 2023

    TRENTON, NJ – Visionary entrepreneur Samrat “Sam” Sood is joining forces with Pickleball Kingdom Franchising to launch 20 state-of-the-art indoor pickleball clubs throughout New Jersey. The move aims to promote …

  • Business News

    Rouble jumps against dollar after Putin reimposes currency controls

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

    By Alexander Marrow (Reuters) -Russia’s rouble leapt against the U.S. dollar on Thursday after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress …

  • Business News

    More work to do in tackling non-bank risks, says FSB’s Knot

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

    By Huw Jones LONDON (Reuters) -Higher interest rates have so far not seriously undermined the global financial system, but “there is work to do” in tackling liquidity issues and hidden …

  • Business News

    Sri Lanka says China debt deal covers $4.2 billion as other talks drag on

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

    By Uditha Jayasinghe, Jorgelina do Rosario and Leika Kihara COLOMBO/MARRAKECH (Reuters) – Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 …

  • Business News

    OPEC sticks to 2024 oil demand growth forecast

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

    By Alex Lawler LONDON (Reuters) – OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient …

  • Business News

    In Argentina’s impoverished barrios, Peronists are losing their grip

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

    By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Simona Alegre, a 65-year-old widow, used to earn enough from her government pension to feed her six grandkids. But now Argentina’s worst economic …

  • Business News

    IMF’s Georgieva lauds Japan’s contribution to low-income trust, sees more coming

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

    By Andrea Shalal MARRAKECH, Morocco (Reuters) – Japan made a “very impressive pledge” to an International Monetary Fund account that provides subsidies to enable zero-interest rate loans to the poorest …

  • Business News

    South Africa’s economy expected to improve into 2024 – Reuters poll

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

    By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s economic growth is expected to pick up slightly next year due to better energy supply, a Reuters poll found, while slowing inflation …

  • Business News

    Israel-Hamas conflict is ‘new cloud’ darkening economic outlook -IMF chief

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

    By Andrea Shalal MARRAKECH, Morocco (Reuters) -International Monetary Fund managing director Kristalina Georgieva said on Thursday the “heartbreaking” Israel-Hamas conflict threatened to darken an already murky global economic outlook. “We …

  • Business News

    Japan central banker sees no pressing need to alter yield control policy

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

    By Tetsushi Kajimoto and Takahiko Wada TOKYO (Reuters) – There is no pressing need for the Bank of Japan to alter its yield control settings as it has room left …

  • Business News

    Asset managers boost ETF assets via active fund launches, conversions

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

    By Suzanne McGee (Reuters) – Large, established asset managers that have been slow to cash in on investor demand for exchange-traded funds are now trying to grab a slice of …

  • Business News

    BoE’s Pill says question of more rate hikes is ‘finely balanced’

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

    By Balazs Koranyi MARRAKECH, Morocco (Reuters) – Bank of England Chief Economist Huw Pill said the question of whether the British central bank had done enough to see off high …

  • Business News

    Kia Corp unveils three small to mid-sized EVs to widen its appeal

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

    By Heekyong Yang SEOUL (Reuters) -Kia Corp on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to try to attract a wider range of customers and accelerate its electrification …

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