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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    China’s new yuan loans seen rebounding in March: Reuters poll

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    BEIJING (Reuters) – China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the central bank keeps policy accommodative …

  • Business News

    China forex reserves rise to $3.18 trln in March

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    BEIJING (Reuters) – China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the …

  • Business News

    World food prices fall for 12th month running in March – FAO

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    ROME (Reuters) – The United Nations food agency’s world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one …

  • Business News

    South Korea to offer $5.3 billion in financing to support battery investment in North America

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    By Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in …

  • Business News

    Tesla cuts US prices for fifth time since January

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    By Akriti Sharma and Abhirup Roy (Reuters) -Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount …

  • Business News

    German business group wants Berlin to offer more protection in Ukraine

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    BERLIN (Reuters) – German companies active in eastern European have called on the government in Berlin to take on more risk and provide increased security for business in Ukraine, particularly …

  • Business News

    Revolut audit queries, skittish regulators complicate its UK licence bid -sources

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    By Stefania Spezzati and Amy-Jo Crowley LONDON (Reuters) -After the accuracy of Revolut Ltd.’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K. banking licence is facing …

  • Business News

    ValueAct ratchets up criticism of Japan’s Seven & i

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    TOKYO (Reuters) -ValueAct Capital criticised Seven & i Holdings on Friday for having failed to provide clear answers to key questions about the Japanese retail giant’s strategy, building up tension …

  • Business News

    Icelandair signs deal for 13 Airbus A321XLR as it replaces Boeing 757s

    by Reuters April 7, 2023
    by Reuters April 7, 2023

    (Reuters) – Icelandair Group HF said on Friday it signed a provisional deal to purchase 13 of European planemaker Airbus SE’s latest A321XLR single-aisle jet, with deliveries slated to begin …

  • Breaking NewsBusiness NewsCommunity NewsFeatured NewsGovernment NewsNew Jersey News

    New Jersey’s gas car ban gets backup from Biden Administration, EPA

    by Conservative Times April 6, 2023
    by Conservative Times April 6, 2023

    TRENTON, NJ – A controversial executive order by New Jersey Governor Phil Murphy to ban the sale of gas-powered cars by 2035 just got some federal reinforcement. In New Jersey, …

  • Business News

    Unstable markets drag Canadian M&A, debt issuance to four-year low

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Maiya Keidan TORONTO (Reuters) -Canadian dealmakers are optimistic about a return to strength in the second half of the year after mergers and acquisitions in the first quarter dropped …

  • Business News

    BOJ must be cautious about changing easy money policy too soon – ex-MOF Nakao

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) should be cautious about changing its unconventional monetary policy for now, given financial market uncertainty due …

  • Business News

    Bank of Korea to hold base rate at 3.50%, may cut by end of year – Reuters poll

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will opt to support a rapidly slowing economy by holding its main interest rate at 3.50% on Tuesday, according to …

  • Business News

    Wall Street ends higher as investors eye upcoming jobs data

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Noel Randewich and Ankika Biswas (Reuters) – Major U.S. stock indexes ended higher on Thursday, helped by a rally in Alphabet shares as investors, worried about a slowing economy, …

  • Business News

    Japan February real wages fall for eleventh month but at slower pace

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    TOKYO (Reuters) – Japan’s real wages fell in February for an eleventh month, labour ministry data showed on Friday, although the rate of the decrease slowed thanks to government energy …

  • Business News

    Amazon plans to trim employee stock awards amid tough economy

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    (Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce …

  • Business News

    Tesla nominates co-founder JB Straubel to board

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla Inc on Thursday nominated co-founder and former Chief Technology Officer JB Straubel to the board at a time when some investors have …

  • Business News

    United will cut some New York-area, D.C. flights after US waiver

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By David Shepardson WASHINGTON (Reuters) -United Airlines said Thursday it will reduce summer flights at three New York and Washington area airports after the Federal Aviation Administration allowed carriers to …

  • Business News

    Southwest Airlines CEO receives higher bonus despite holiday meltdown

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut …

  • Business News

    New BOJ chief to slowly unwind Kuroda’s policy experiment

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Leika Kihara TOKYO (Reuters) -Japan’s new central bank chief will take baby steps in any shift away from the radical monetary experiment of his predecessor, if recent comments are …

  • Business News

    Special Report – Tesla workers shared sensitive images recorded by customer cars

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin LONDON/SAN FRANCISCO (Reuters) – Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously …

  • Business News

    Borrowing from key Fed lending facilities cools a bit in latest week

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Michael S. Derby NEW YORK (Reuters) – Federal Reserve lending to financial institutions eased modestly in the latest week, central bank data showed on Thursday, in a sign that …

  • Business News

    ‘Powell’s curve’ plunges to new lows, flashing US recession warning

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Davide Barbuscia NEW YORK (Reuters) -The Federal Reserve’s preferred bond market signal of an upcoming recession has plunged to fresh lows, bolstering the case for those who believe the …

  • Business News

    Pandora loses antitrust fight with comedians over comedy ‘cartel’

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Blake Brittain (Reuters) -A Los Angeles federal judge on Wednesday dismissed Pandora Media’s antitrust case against a group of comedians who earlier sued the internet radio station for copyright …

  • Business News

    Airbnb shares fall after probe into unpleasant customer experiences

    by Reuters April 6, 2023
    by Reuters April 6, 2023

    By Doyinsola Oladipo and Priyamvada C (Reuters) – Shares of Airbnb Inc fell as much as 6% on Thursday after an online independent publication released a report that probed unpleasant …

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