Breaking Business news from across New Jersey.
By David Shepardson WASHINGTON (Reuters) -General Motors’ robotaxi unit Cruise LLC is recalling the automated driving software in 300 vehicles after one of its driverless vehicles crashed into the back …
(Reuters) -McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs and the shutting down of some offices, the Wall Street Journal reported …
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. Treasury yields and the dollar climbed in an abbreviated session on Friday after employment data for March indicated the labor market remained …
SHANGHAI (Reuters) – Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the …
By Ricardo Brito (Reuters) -Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages over an alleged scheme to fix …
By Dan Burns and Howard Schneider (Reuters) – The Black unemployment rate hit a record low in March, a milestone for a U.S. labor market that most policymakers and economists …
(Reuters) -JPMorgan Chase & Co is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on …
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a strong pace of hiring in March, pushing the unemployment rate back down to 3.5% and signaling labor market resilience that …
By David Shepardson WASHINGTON (Reuters) – Used electric vehicle sales in the United States rose 32% in the first three months of 2023 as prices fell, data provider Cox Automotive …
By Tim Hepher and Sophie Yu PARIS/BEIJING (Reuters) – China and France will study the need for cargo planes and long-haul jets “in due course,” a joint statement said on …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar strengthened on Friday after data showed an increase in jobs in the world’s largest economy last month, suggesting that the Federal …
(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy said on Friday. In the …
By Nupur Anand and Koh Gui Qing NEW YORK (Reuters) -For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. …
By Howard Schneider WASHINGTON (Reuters) -An historically low U.S. unemployment rate and rising wages will likely keep the Federal Reserve on track to raise interest rates by another quarter of …
By Giuseppe Fonte ROME (Reuters) – Italy is likely to confirm its budget deficit targets for this year and next, people familiar with the matter said, as the Treasury aims …
By Tim Hepher PARIS (Reuters) -Airbus deliveries fell by 11% on an industrial basis to 127 jets in the first quarter, underscoring the pressure on global supply chains and paving …
NEW YORK (Reuters) – The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labor market …
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s federal budget balance sank to a deficit of 2.4 trillion roubles ($29 billion) in the first quarter of the year as …
By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more low-tech undercarriages for howitzers as …
(Reuters) -Paramount Global is exploring the sale of a majority stake in Noggin, its online learning service for children, the Wall Street Journal reported on Friday, citing people familiar with …
By Jan Lopatka PRAGUE (Reuters) – Central bankers across central Europe have doubled down on their hawkish policy messages in the past two weeks in a bid to persuade investors …
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller …
ATHENS (Reuters) – Greece’s economy will grow by 2.2% in 2023, its central bank chief said on Friday, urging the country to stick to the path of reform and fiscal …
By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp will introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026, aiming …
By Leika Kihara TOKYO (Reuters) -Haruhiko Kuroda took a slightly less dovish tack in his farewell as Japan’s central bank chief on Friday, ending a decade of unconventional policy that …