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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Global stocks fall, U.S. yields rise on higher interest rate outlook

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell while U.S. Treasury yields hit new highs on Tuesday as investors weighed the prospects of a longer-than-anticipated stiff monetary policy …

  • Business News

    AMC shareholders sue company over vote to add shares

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    (Reuters) – AMC Entertainment Holdings Inc shareholders have filed a lawsuit in Delaware accusing the movie theater chain of bypassing them in a bid to increase the number of shares. …

  • Business News

    Bath & Body Works adds second new director amid pressure from Third Point

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) -Bath & Body Works on Tuesday named a veteran chief financial officer with expertise in capital allocation as a new director, marking the second …

  • Business News

    U.S. regulator seeks more information on Tesla crash in California

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    (Reuters) – The United States National Highway Traffic Safety Administration (NHTSA) said on Monday it has asked Tesla Inc for additional information after one of its vehicles collided with a …

  • Business News

    Exclusive-Credit Suisse chairman’s comments draw scrutiny from financial watchdog -sources

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Oliver Hirt ZURICH (Reuters) – The Swiss financial regulator is reviewing remarks made by Credit Suisse Group Chairman Axel Lehmann about outflows from the lender having stabilised in early …

  • Business News

    Marketmind: Boomtime stats

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. economic activity indicators on Tuesday accelerated the relentless march higher in U.S. …

  • Business News

    Northern Ireland’s DUP leader says more work needed to solve post-Brexit trade row

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    LONDON (Reuters) – The leader of Northern Ireland’s largest unionist party said on Tuesday there was still work to be done to find a resolution to a dispute between Britain …

  • Business News

    Cryptoverse: Tether tightens grip on wobbling world of stablecoins

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Medha Singh and Lisa Pauline Mattackal (Reuters) – The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based …

  • Business News

    Dollar clings to modest gains as strong U.S. data lends support

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Laura Matthews NEW YORK (Reuters) – The dollar held on to modest gains against its peers on Tuesday, supported by strong U.S. economic data, but the greenback was down …

  • Business News

    Germany’s Fresenius to simplify structure, flags potential profit fall

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Ludwig Burger FRANKFURT (Reuters) -German healthcare group Fresenius SE will slash costs and proceed with plans to cede strategic control over struggling dialysis group Fresenius Medical Care (FMC) as …

  • Business News

    Feuding law firms in Facebook antitrust case told to make peace

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Mike Scarcella (Reuters) – A U.S. judge on Tuesday appointed two prominent U.S. law firms as co-leaders of consumer claims against Meta Platforms Inc’s Facebook, saying he hoped they …

  • Business News

    AT&T seeks to shed cybersecurity division -sources

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Milana Vinn NEW YORK (Reuters) – AT&T Inc, the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years …

  • Business News

    ChatGPT launches boom in AI-written e-books on Amazon

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Greg Bensinger SAN FRANCISCO (Reuters) – Until recently, Brett Schickler never imagined he could be a published author, though he had dreamed about it. But after learning about the …

  • Business News

    Oil falls more than 1% as growth fears offset China demand hopes

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Stephanie Kelly NEW YORK (Reuters) -Brent crude oil slipped more than 1% in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and …

  • Business News

    HSBC cuts staff bonus pool, lifts CEO Quinn’s total pay

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Lawrence White and Iain Withers LONDON (Reuters) – HSBC cut its annual bonus pool by 4% to $3.4 billion in 2022, the bank said on Tuesday, as a global …

  • Business News

    Walmart sees lower 2023 performance in time of economic uncertainty

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Siddharth Cavale (Reuters) – Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned …

  • Business News

    Treasury’s Adeyemo: U.S., allies plan more Russia sanctions in ‘coming days’

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Andrea Shalal WASHINGTON (Reuters) -The United States and its allies will impose new sanctions and export controls in “coming days” to ratchet up pressure on Russia to end its …

  • Breaking NewsBusiness NewsCommunity NewsToms River News

    New Toms River coffee house opens today

    by Jessica Woods February 21, 2023
    by Jessica Woods February 21, 2023

    TOMS RIVER, NJ – Tired of the usual Dunkin, McCafe and Starbucks Coffee? A new coffee house opened today in Toms River near the border of Brick Township. Spire Coffee …

  • Business News

    Revlon reaches lender settlement, sends bankruptcy plan to vote

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Dietrich Knauth (Reuters) – Revlon Inc on Tuesday announced a deal with a holdout faction of lenders, removing the largest remaining roadblock to a plan that would allow the …

  • Business News

    Mexico headline, core inflation both seen dropping in early Feb: Reuters Poll

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Noe Torres MEXICO CITY (Reuters) – Mexico’s inflation is forecast to have eased in the first half of February, a Reuters poll showed on Monday, though consumer prices remain …

  • Business News

    Quick euro zone wage growth is just normal catch up, ECB’s Lagarde says

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    FRANKFURT (Reuters) – Euro zone wages are now catching up after rapid inflation eroded their purchasing power and there is no wage-price spiral underway, European Central Bank President Christine Lagarde …

  • Business News

    Incoming BOJ head to speak in Diet as markets renew attack on yield cap

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Incoming Bank of Japan (BOJ) Governor Kazuo Ueda will speak in parliament on Friday and next Monday, as the central bank’s …

  • Business News

    Amazon Web Services pairs with Hugging Face to target AI developers

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Stephen Nellis (Reuters) – Amazon Web Services (AWS), the cloud computing arm of Amazon.com Inc, on Tuesday said it is collaborating with startup Hugging Face, a software development hub, …

  • Business News

    U.S. home sales post 12th straight monthly drop; house price inflation slows

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious …

  • Business News

    Rogers-Shaw lawyers could nab bigger share of C$100 million-plus fee jackpot

    by Reuters February 21, 2023
    by Reuters February 21, 2023

    By Maiya Keidan and Divya Rajagopal TORONTO (Reuters) -As Rogers Communications’ long-delayed takeover of Shaw Communications Inc nears its final hurdle, bankers, lawyers and shareholder advisors are preparing to finally …

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