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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Coinbase files legal challenge to push SEC to write rules on crypto

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Hannah Lang (Reuters) – Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital …

  • Business News

    Bitcoin could hit $100,000 by end-2024, Standard Chartered says

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Elizabeth Howcroft LONDON (Reuters) -Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin …

  • Business News

    Crypto firms scramble for banking partners as willing lenders dwindle

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    (This April 19 story has been corrected to fix the name of Banxa U.S. CEO to Richard Mico, not Ricardo Mico, in paragraph 24) By Elizabeth Howcroft and Hannah Lang …

  • Business News

    Italy, Lufthansa extend exclusive talks on ITA Airways sale

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    ROME (Reuters) – Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, …

  • Business News

    Britain to take on Big Tech with new legal powers

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    LONDON (Reuters) – Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able …

  • Business News

    Nasdaq underperforms on worries about tech earnings ahead

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors …

  • Business News

    Exclusive-Chile to start lithium talks with SQM by mid-year to boost state control

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Fabian Cambero SANTIAGO (Reuters) -Chile will start talks with SQM over its operations in the Atacama “this semester” to convince the world’s No. 2 lithium mining company to sign …

  • Business News

    H&R Block settles trademark lawsuit against Block over name change

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Blake Brittain (Reuters) -Tax-preparation giant H&R Block Inc and Block Inc , the company formerly known as Square, have jointly agreed to dismiss H&R Block’s lawsuit over Block’s name …

  • Business News

    J&J aims for up to $43 billion valuation for consumer health unit Kenvue

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Akash Sriram and Manya Saini (Reuters) -Johnson & Johnson said on Monday it was seeking a valuation of up to $42.95 billion in the initial public offering of its …

  • Business News

    Brazilian reinsurer resolves US probe into fake Berkshire Hathaway story

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Jonathan Stempel WASHINGTON (Reuters) – A Brazilian reinsurer entered a nonprosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company …

  • Business News

    Comcast says NBCU head Shell fired for sexual harassment

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Lisa Richwine LOS ANGELES (Reuters) – Former NBCUniversal Chief Executive Jeff Shell was fired for sexual harassment after an investigation found evidence that corroborated a female employee’s complaint, Comcast …

  • Business News

    Marketmind: South Korea to avoid recession … just

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As world markets tread water ahead of U.S. mega-tech earnings and the Bank …

  • Business News

    Appliance maker Whirlpool’s results beat on N. America strength

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    (Reuters) – Whirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing machines in North America – …

  • Business News

    Canada pushes to make airlines pay passengers for flight disruptions

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Allison Lampert and Ismail Shakil MONTREAL (Reuters) -Airlines will have to compensate passengers for major service disruptions except in limited cases under proposed legislation, Canada’s transport minister said on …

  • Business News

    Tyson Foods closes Nebraska pork plant after fire, sends pigs elsewhere

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc is diverting pigs from a Nebraska processing plant after a weekend fire kept the facility closed on Monday, the company and …

  • Business News

    Bed Bath & Beyond shares plunge 25% as retailer goes bankrupt

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Deborah Mary Sophia and Bansari Mayur Kamdar (Reuters) -Shares of Bed Bath & Beyond Inc plunged about 25% on Monday after the home goods retailer’s long fight to save …

  • Business News

    Apple cannot ban links to outside App Store payments, U.S. appeals court says

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store. Apple said …

  • Business News

    U.S. stocks end mixed, Treasury yields dip with earnings, data on tap

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq and U.S. Treasury yields dipping …

  • Business News

    Bed Bath & Beyond files for bankruptcy protection after long struggle, begins liquidation sale

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    -Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation …

  • Business News

    UBS hires Barclays executives to beef up investment banking in U.S

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    (Reuters) – UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment banking presence. Switzerland-based UBS, which …

  • Business News

    Dollar slides as rate cuts priced in; yen falls ahead of BOJ meeting

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell to a more than one-week low against major currencies on Monday in generally thin trading, as investors continued to price …

  • Business News

    Cancer victims urge US judge to dismiss J&J talc unit second bankruptcy

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Dietrich Knauth (Reuters) -Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying the company is abusing the bankruptcy system …

  • Business News

    Oil prices settle higher on optimism about fuel demand in China

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Laura Sanicola (Reuters) -Oil prices settled higher on Monday, reversing losses as investors grew optimistic that holiday travel in China would boost fuel demand in the world’s largest oil …

  • Business News

    Investors flock to one-month bills on US debt ceiling jitters, shun others

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    (Reuters) – Rising concerns that the U.S. Treasury Department could hit its debt limit in the coming months are leading investors to shun certain Treasury bills and pour into others …

  • Business News

    Coca-Cola gets a lift from higher prices, steady demand

    by Reuters April 24, 2023
    by Reuters April 24, 2023

    By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped Wall Street estimates for first-quarter revenue and profit, benefiting from resilient demand for its sodas as well as multiple price …

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