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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Oracle beats quarterly revenue estimates on cloud services demand

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    (Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI, sending its shares up …

  • Business News

    EU chief sees Mercosur deal this year, Lula fears environmental sanctions

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Anthony Boadle BRASILIA (Reuters) -European Commission President Ursula von der Leyen on Monday said the EU hopes to finalize its long-delayed trade deal with the Mercosur bloc of South …

  • Business News

    Harley-Davidson to run limited motorcycle manufacturing at its York facility

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    (Reuters) – Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from a …

  • Business News

    Brazil’s market conditions open door to monetary policy shift, central bank chief says

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    BRASILIA (Reuters) -Brazil’s central bank chief, Roberto Campos Neto, indicated on Monday that an improvement in market conditions is paving the way for a shift in monetary policy, while more …

  • Business News

    S&P 500 and Nasdaq close at highest since April 2022

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and the Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a …

  • Business News

    Ex-Goldman Sachs banker stole merger details, prosecutor tells jury

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Jody Godoy A former Goldman Sachs banker leaked details of potential corporate mergers to a friend who traded on the information, a prosecutor told a New York jury during …

  • Business News

    Analysis-EV charger makers guardedly look to adopt Tesla standard

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting it, …

  • Business News

    Marketmind: Inflation appetizer served before central bank main course

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will …

  • Business News

    Equities gain as investors look for cooler inflation, Fed ‘pause’

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By SinĂ©ad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and …

  • Business News

    Automaker group urges US EPA to ‘ease up’ on vehicle emissions rules

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive proposal to …

  • Business News

    Countdown to mega merger – how Credit Suisse wobbled and UBS rushed to rescue

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    ZURICH (Reuters) – UBS Group’s takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, became official on Monday. The closing of the tie-up …

  • Business News

    Nasdaq to buy fintech firm Adenza for $10.5 billion, rattling some investors

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Manya Saini, Anirban Sen and John McCrank (Reuters) -Nasdaq on Monday agreed to buy Thoma Bravo-owned software firm Adenza for $10.5 billion, with the exchange operator’s biggest-ever deal broadening …

  • Business News

    Denmark looks to curb collection of data on children by Big Tech

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    COPENHAGEN (Reuters) – Denmark aims to raise the age limit for the collection of personal data from children by tech giants such as Google, Snapchat and Meta, in a bid …

  • Business News

    US dollar inches higher ahead of inflation data, Fed rate decision

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this …

  • Business News

    New York City to delay enforcing law against Airbnb hosts

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Doyinsola Oladipo NEW YORK (Reuters) -The City of New York will delay enforcing a municipal law that Airbnb Inc said could limit the number of people who can host …

  • Business News

    Blink, ChargePoint to launch EV chargers with Tesla’s charging connector

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    (Reuters) -Electric vehicle charging equipment makers Blink Charging, ChargePoint and Tritium said on Monday they will offer chargers with Tesla’s connector, as the standard Combined Charging System (CCS) connector falls …

  • Business News

    Binance plans to swap 750 million of token pairs to ensure liquidity

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    (Reuters) – Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity. The move comes …

  • Business News

    US judge delays American Airlines, JetBlue injunction date

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By David Shepardson WASHINGTON (Reuters) -U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines and JetBlue Airways must end their …

  • Business News

    JPMorgan settles with Jeffrey Epstein victims for $290 million

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Nupur Anand, Lananh Nguyen, Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein’s …

  • Business News

    Rallying U.S. stocks are pulling in sidelined investors, Deutsche Bank says

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among …

  • Business News

    PIMCO’s bond CIO says underweight dollar, sees value in UK gilts

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Harry Robertson LONDON (Reuters) – PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds, a senior fund manager said on Monday. “There’s no guarantee …

  • Business News

    U.S. West Coast port labor skirmishes simmer; contract still elusive

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Lisa Baertlein (Reuters) – West Coast seaport employers on Monday criticized worker absences, which they said were slowing work at some of the nation’s busiest ports, as unions press …

  • Business News

    India imposes wheat stock limit to arrest price rise

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    NEW DELHI (Reuters) -India has imposed a limit on the amount of wheat stocks traders can hold in an effort to bring down prices, food secretary Sanjeev Chopra told reporters …

  • Business News

    GM to invest $632 million in Indiana plant for future truck production

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By David Shepardson (Reuters) – General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to prepare the plant for future internal combustion engine full-size light …

  • Business News

    UBS completes Credit Suisse takeover to become wealth management behemoth

    by Reuters June 12, 2023
    by Reuters June 12, 2023

    By Noele Illien ZURICH (Reuters) -UBS completed its emergency takeover of embattled local rival Credit Suisse on Monday, forging a Swiss banking and wealth management giant with a $1.6 trillion …

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