Breaking Business news from across New Jersey.
By Jonathan Stempel (Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said China remains a top opportunity for investors despite geopolitical …
By Sinéad Carew NEW YORK (Reuters) – Wall Street’s three major indexes closed higher on Wednesday and the dollar rose along with U.S. Treasury yields after U.S. retail sales data …
(Reuters) -Oil and gas producer Marathon Oil Corp on Wednesday beat Wall Street estimates for fourth-quarter profit, boosted by higher crude prices as the geopolitical crisis in eastern Europe crimped …
WASHINGTON (Reuters) -U.S. House Judiciary Committee Chairman Jim Jordan on Wednesday subpoenaed the chief executives of Alphabet, Amazon, Apple, Facebook and Instagram parent Meta Platforms, and Microsoft for documents and …
(Reuters) – U.S. insurer American International Group reported a near 24% fall in fourth-quarter profit on Wednesday, hurt by losses tied to a winter storm that hit parts of North …
(Reuters) -Bitcoin surged 8.31 % to $24,057 at 2038 GMT on Wednesday, adding $1,846 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, was up 45.8% from the …
(Reuters) – KPMG is cutting close to 2% of its workforce in the United States, becoming the first of the world’s four biggest accountancy firms to slash jobs in the …
By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Boeing Co is still facing parts shortages as the supply chain remained unstable and unpredictable, its finance chief said on Wednesday. Boeing aims …
(Reuters) -Thousands of Twitter users were unable to access the social media platform on Wednesday, according to outage monitoring website Downdetector.com. More than 8,000 users reported issues with the micro-blogging …
By Scott DiSavino NEW YORK (Reuters) -Oil futures were flat to lower on Wednesday as the U.S. dollar strengthened and investors worried that rising interest rates would slow the economy …
By Tim Hepher and Dina Kartit (Reuters) -Airbus said on Wednesday it had appointed German executive Thomas Toepfer, 50, as its next chief financial officer from Sept. 1, when he …
By Douglas Gillison and Chris Prentice (Reuters) -Wall Street’s top regulator on Wednesday adopted rules tightening the time-frame for stock trades in an effort to tamp down the kind of …
By Dietrich Knauth (Reuters) -Crypto lender Celsius Network will seek to exit bankruptcy under the guidance of asset manager NovaWulf Digital Management, which will take over the operations of a …
By Mimosa Spencer PARIS (Reuters) -French luxury group Kering is creating a position at the group level to oversee “brand safety” after a backlash from a Balenciaga advertising campaign dented …
WASHINGTON (Reuters) -The U.S. Justice Department has in recent months escalated its long-running antitrust probe on Apple Inc, the Wall Street Journal reported on Wednesday citing people familiar with the …
(Reuters) – The White House is considering nominating Chicago Federal Reserve President Austan Goolsbee to serve as vice chair of the Fed’s Board of Governors to succeed Lael Brainard, who …
PARIS (Reuters) – France’s tax investigators on Wednesday won a case against luxury giant LVMH when the country’s highest court ruled that an earlier decision stating it was illegal to …
By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday denied calls for a new, independent probe into FTX’s collapse, saying that it would be redundant to other investigations being …
By David Lawder WASHINGTON (Reuters) -President Joe Biden’s nominee to run the Internal Revenue service pledged on Wednesday not to raise tax audit rates for U.S. households and small businesses …
By Eva Mathews (Reuters) -Roblox shares soared 25% on Wednesday as the gaming platform popular with kids and teenagers topped quarterly bookings estimates after a focus on attracting wider audiences …
(Reuters) – Tesla Inc Chief Executive Elon Musk promises to unveil a third part of his Master Plan on March 1, in which he has set out bold goals for …
By Blake Brittain (Reuters) – The U.S. government should face a patent lawsuit over COVID-19 vaccines, not vaccine maker Moderna Inc, the Department of Justice told a Delaware federal court …
MEXICO CITY (Reuters) – Steelmaker Ternium is considering building a new $2.2 billion steel production plant near its current Pesqueria site in northern Mexico, the company’s chief executive said Wednesday, …
By Ilona Wissenbach and Hakan Ersen FRANKFURT (Reuters) -An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be cancelled or diverted on …
By Aishwarya Nair, Paul Lienert and Joseph White (Reuters) -Ford Motor Co has identified measures to secure 8% margins on its next-generation electric vehicles due at mid-decade, but could take …