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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Zions Bancorporation profit misses as provisions overshadow NIM gains

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) – Zions Bancorporation missed estimates for quarterly profit on Wednesday as higher provisions to cover loan losses offset the impact of rising rates on its interest income. Shares of …

  • Business News

    Seattle airport, Alaska Air and Delta sued over jet pollution

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Clark Mindock (Reuters) – Neighbors of Seattle-Tacoma International Airport on Wednesday sued the airport’s operator and two airlines over jet pollution they said is making them sick and damaging …

  • Business News

    Stocks fall, yields climb on rate hike view

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks slipped on Wednesday after back-to-back gains as investors digested the latest earnings reports, while Treasury yields climbed as …

  • Business News

    U.S. banking regulator warns ‘open banking’ could impact deposit outflows

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Hannah Lang (Reuters) – The evolution of “open banking” in the U.S. could impact how regulators supervise banks, as seamless account portability between financial institutions could lead to increased …

  • Business News

    Meta lays off tech teams, battering employee morale

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms Inc on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief …

  • Business News

    Nasdaq profit beats expectations, helped by anti-financial crime unit

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) -Nasdaq Inc on Wednesday reported first-quarter profits that beat Wall Street estimates as demand for its anti-financial crime software helped mitigate a hit to the exchange operator’s indexing business …

  • Business News

    US Supreme Court gives Turkey’s Halkbank another chance to avoid charges

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday gave Turkey’s state-owned lender Halkbank another chance to avoid criminal charges in the United States for allegedly helping Iran …

  • Business News

    GE’s largest union ratifies 2-year contract extension with wage hike

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) – General Electric Co’s workers have ratified a two-year contract extension that provides for a 12% rise in wages, their union said on Wednesday. The contract extension, which covers …

  • Business News

    US economic activity little changed, Fed report shows

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Ann Saphir (Reuters) -U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report …

  • Business News

    Oil falls 2% as dollar gains on potential Fed rate hike

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a two-week low on Wednesday despite a sharp decline in U.S. crude inventories, as the dollar strengthened on …

  • Business News

    EU urges others to copy its rules for cryptoassets

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Huw Jones LONDON (Reuters) – The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, …

  • Business News

    Dollar gains on rising US yields, British inflation lifts pound

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed …

  • Business News

    Amazon must face driver’s spying claims in US court

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Daniel Wiessner (Reuters) – Amazon.com Inc must face a proposed U.S. nationwide class action accusing the company of illegally monitoring private Facebook groups that delivery drivers used to discuss …

  • Business News

    Factbox-Canadian public servants’ strike: demands and impact

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Ismail Shakil OTTAWA (Reuters) – About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, …

  • Business News

    US Boy Scouts exits Chapter 11 bankruptcy after abuse settlement

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Dietrich Knauth (Reuters) -The Boys Scouts of America said on Wednesday it had emerged from bankruptcy after battling back appeals over its $2.46 billion settlement of decades of sexual …

  • Business News

    L’Oreal beats expectations with strong sales in U.S., Europe

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Mimosa Spencer PARIS (Reuters) -L’Oreal reported a 13% rise in first-quarter sales, beating expectations thanks to strong business in the United States and Europe as shoppers shrugged off rising …

  • Business News

    Morgan Stanley beats estimates as wealth management shines

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Manya Saini and Tatiana Bautzer (Reuters) – Morgan Stanley’s profit beat expectations as wealth management revenue climbed in the first quarter, offsetting slumps in investment banking and trading revenue.  …

  • Business News

    Profit for Tesla short sellers rises in April -S3 Partners

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) -Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so …

  • Business News

    Snap expands AI chatbot with ability to create images

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Sheila Dang (Reuters) -Snap Inc on Wednesday said its artificial intelligence chatbot will now be able to respond to users’ messages with a fully AI-generated image, as the owner …

  • Business News

    United Airlines warns of macro risks, says ready to act if economy softens further

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a …

  • Business News

    Exclusive-Gucci Milan site inspected in EU antitrust inquiry

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Emilio Parodi and Foo Yun Chee MILAN/BRUSSELS (Reuters) -European Union antitrust regulators have started inspecting a facility of luxury goods company Gucci as part of an EU investigation spanning …

  • Breaking NewsBusiness NewsCommunity NewsFeatured NewsGood NewsOMG!Trending NewsViral NewsWeird and Strange News

    One hundred-year-old Coca-Cola wall sign unearthed in Long Branch

    by Phil Stilton April 19, 2023
    by Phil Stilton April 19, 2023

    LONG BRANCH, NJ – An amazing discovery was unearthed in Long Branch by construction workers working on the SICA Lofts on Third Avenue recently. After tearing down an old concrete …

  • Business News

    Credit Suisse lodges $440 million London claim against SoftBank

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from …

  • Business News

    Airbus tells shareholders Europe needs to ‘get its act together’ on autonomy

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Tim Hepher PARIS (Reuters) -Airbus told shareholders on Wednesday that European nations on need to “get their act together” on strategic autonomy and said it stood ready to help …

  • Business News

    Short positions on Canada’s TD Bank rise to $6.1 billion, ORTEX data shows

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider …

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