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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Famed Chinese rainmaker goes missing in latest executive disappearance

    by Reuters February 18, 2023
    by Reuters February 18, 2023

    By Julie Zhu and Kane Wu (Reuters) -Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business …

  • Business News

    Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Laura Sanicola (Reuters) -Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on …

  • Business News

    Factbox-Five facts about missing star Chinese dealmaker and his firm

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Xie Yu HONG KONG (Reuters) – Well-known Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top …

  • Business News

    Twitter to charge users to secure accounts via text message

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    (Reuters) – Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. After March 20, “only …

  • Business News

    France’s Macron signals electric car subsidy concern on agenda with Harris

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Trevor Hunnicutt MUNICH (Reuters) – French President Emmanuel Macron signaled on Friday that he would discuss concerns about U.S. electrical vehicle subsidies with Vice President Kamala Harris as they …

  • Business News

    S&P 500 ends down as investors fret about interest rates

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Noel Randewich (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and Nvidia as investors worried that inflation and a strong U.S. economy could put …

  • Business News

    BlackRock, Standard Chartered join talks at new debt roundtable

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Andrea Shalal and Jorgelina do Rosario WASHINGTON/LONDON (Reuters) -U.S.-based investment firm BlackRock said on Friday it would join a new sovereign debt roundtable set up to accelerate progress on …

  • Business News

    Lithium miner Sigma jumps on report Tesla considering buyout

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    (Reuters) -U.S.-listed shares of Sigma Lithium Corp rose 21% in extended trading on Friday after Bloomberg News reported that Tesla Inc was weighing a takeover of the Canada-based battery metals …

  • Business News

    Lockheed Martin gets U.S. Navy contract worth up to $2 billion

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    (Reuters) – The U.S. Navy has awarded Lockheed Martin Corp a contract worth up to $2 billion related to hypersonic weapon systems, the defense firm said on Friday, amid a …

  • Business News

    Allianz swings to quarterly profit in rebound from funds debacle

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a U.S. …

  • Business News

    Binance’s U.S. partner confirms firm run by CEO Zhao operated on exchange

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Tom Wilson and Angus Berwick LONDON (Reuters) -The U.S. partner of global cryptocurrency exchange Binance has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as …

  • Business News

    Analysis-What recession? Strong economy buoys U.S. stocks, though Fed casts shadow

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By David Randall NEW YORK (Reuters) – Signs of strength in the U.S. economy have buoyed stocks in the face of rising Treasury yields and hawkish Federal Reserve expectations, though …

  • Business News

    Analysis-Bed Bath’s novel deal is no universal dodge-bankruptcy card

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Shankar Ramakrishnan (Reuters) – Debt-stricken companies seeking to buy themselves time for a turnaround will find it hard to emulate Bed Bath & Beyond Inc’s unusual stock sale that …

  • Business News

    Goldman Sachs, BofA expect three more U.S. rate hikes this year

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Aniruddha Ghosh and Siddarth S (Reuters) – Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year, …

  • Business News

    Amazon asks employees to be in office at least three days a week

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    (Reuters) – Amazon.com Inc would require employees to be in office at least three days a week from May 1, the e-commerce giant said on Friday. The COVID-19 pandemic had …

  • Business News

    Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve Holding Inc is “on track” to meet its goal of starting commercial operations in 2026, an executive said on …

  • Business News

    KKR-backed BMC Software confidentially files for U.S. IPO – source

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    (Reuters) – KKR-backed technology firm BMC Software has confidentially filed for an initial public offering in the United States, a person familiar with the matter told Reuters, offering an early …

  • Business News

    U.S. trade official Tai discussed Inflation Reduction Act with EU’s Dombrovskis

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Kanishka Singh WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Friday met with European Union Executive Vice President Valdis Dombrovskis and discussed the U.S. Inflation Reduction Act, Tai’s …

  • Business News

    Shares fall with oil prices amid concerns about U.S. Fed rate hikes

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Sinéad Carew NEW YORK (Reuters) – The S&P 500 and the Nasdaq finished in the red on Friday and oil prices settled lower after U.S. economic data prompted bets …

  • Business News

    In comeback, Commerzbank to join Germany’s DAX blue-chip index

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    FRANKFURT (Reuters) – Germany’s Commerzbank will rejoin the DAX index on Feb. 27, Deutsche Boerse announced late on Friday, marking a comeback for Germany’s No. 2 lender after it was …

  • Business News

    Dollar slips as market eyes upcoming Fed action

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Laura Matthews NEW YORK (Reuters) – The dollar edged lower against the euro and sterling on Friday, as the market readjusts ahead of the long weekend and awaits clues …

  • Business News

    Airports see smoother summer travel than 2022 but brace for headaches

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Allison Lampert and Joanna Plucinska (Reuters) -Global airports expect smoother travel this summer as staffing improves, but surging passenger demand during peak periods in Europe and North America could …

  • Business News

    Deere profit beats forecast, 2023 outlook raised; shares jump 6%

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Bianca Flowers and Aishwarya Nair (Reuters) – Deere & Co raised its annual profit forecast on Friday after beating Wall Street estimates for the latest quarter on higher revenue …

  • Business News

    IMF, Ukraine reach staff-level deal, paving way for full loan talks

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    WASHINGTON (Reuters) – The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support …

  • Business News

    Exclusive-Microsoft’s Bing plans AI ads in early pitch to advertisers

    by Reuters February 17, 2023
    by Reuters February 17, 2023

    By Sheila Dang (Reuters) – Microsoft has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as …

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