Breaking Business news from across New Jersey.
(Reuters) -Federal Reserve Vice Chair Lael Brainard’s announced departure from the central bank next week to become one of President Joe Biden’s top economic advisers leaves an intellectual and political …
By David Randall and Carolina Mandl NEW YORK (Reuters) – “Big Short” investor Michael Burry, Farallon Capital Management, and Coatue Management were among the prominent hedge fund managers who took …
By Saeed Azhar, Lananh Nguyen and Niket Nishant (Reuters) -Companies and households are feeling better about the economy despite recession predictions, the heads of top U.S. banks said on Tuesday, …
(Reuters) – Lael Brainard is stepping down as Federal Reserve vice chair, the U.S. central bank said on Tuesday, confirming her departure as the Fed’s second in command the same …
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration’s (FAA) acting head will tell a U.S. Senate committee Wednesday that new safeguards adopted after a computer outage snarled thousands of …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Last March it burst through 3%, in September it smashed 4%, and now …
By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve officials said on Tuesday the U.S. central bank will need to keep gradually raising interest rates to beat inflation and suggested …
WASHINGTON (Reuters) – U.S. President Joe Biden named Federal Reserve Vice Chair Lael Brainard to head the National Economic Council (NEC), replacing Brian Deese. In a statement, the White House …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a six-week high against the yen and recovered from a roughly two-week low against a basket of major currencies on …
By Leah Douglas WASHINGTON (Reuters) – The United States said on Tuesday it was “disappointed” in the Mexican government’s announcement the previous day which walked back a deadline to ban …
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Tuesday inflation remains too high, which could open the door for the U.S. central …
By Steve Holland and Nandita Bose WASHINGTON (Reuters) – President Joe Biden challenged Republicans on Tuesday to release a budget proposal and let Americans decide whether they want to stay …
By Abinaya V, Shubham Kalia and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, …
LAHORE, Pakistan (Reuters) – Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this …
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices accelerated in January as Americans continued to be burdened by higher costs for rental housing and food, suggesting that the Federal …
By Lewis Krauskopf NEW YORK (Reuters) – A rally that has lifted stocks in the early weeks of 2023 may struggle to find its next leg higher as investors face …
(Reuters) – Hedge fund D. E. Shaw Group said on Tuesday it had raised a total of $1.1 billion for two of its new funds focused on investing in private …
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES (Reuters) – Argentina’s inflation rate has hit just shy of 100%, the government said on Tuesday, with savers feeling more pain …
(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking revenue in the first quarter, Chief Financial Officer Jeremy Barnum …
MEXICO CITY (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Tuesday he met with senior executives from electric automaker Tesla, teasing that “good news” is on the way, as …
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation and will have to raise them above 5% but the peak is …
By Laura Sanicola and Arathy Somasekhar (Reuters) – U.S. fuel retailer Pilot Company is trimming its energy trading operation, following the acquisition of a majority stake in the firm by …
By David Shepardson WASHINGTON (Reuters) – Hyundai Motor and Kia Corp will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized …
(Reuters) -Subway said on Tuesday it was exploring a possible sale of its business as the sandwich chain faces surging costs and mounting competition from deeper-pocketed rivals. The Wall Street …
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft will make a last-ditch effort to defend its $69 billion bid for “Call of Duty” maker Activision Blizzard in front of EU …