Breaking Business news from across New Jersey.
By David Shepardson and Rajesh Kumar Singh WASHINGTON (Reuters) -Southwest Airlines on Thursday faced harsh criticism from U.S. senators at a hearing investigating the airline’s meltdown that disrupted travel plans …
By Mark John (Reuters) – A year of war in Ukraine has already made a dent in world prosperity. But its deeper impact will be felt in how the conflict …
By Philip Blenkinsop BRUSSELS (Reuters) – European Union leaders agreed on Friday they should allow “targeted, temporary and proportionate” support to ensure Europe’s future as a manufacturing base for green …
TOKYO (Reuters) – Japan’s government will present its nominees for the new central bank governor and two deputies to parliament on Feb. 14, Tsuyoshi Takagi, the ruling Liberal Democratic Party’s …
SHANGHAI/BEIJING (Reuters) -Tesla Inc has increased the starting price of its Model Y crossovers by 0.8% to 261,900 yuan ($38,577.11) in China, after the company’s aggressive price cuts at the …
By Madhumita Gokhale BENGALURU (Reuters) – Higher food prices likely nudged up India’s annual retail inflation last month from a 12-month low in December, but it stayed within the Reserve …
SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure …
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale prices in January rose 9.5% from a year earlier, data showed on Friday, adding to growing signs of inflationary strains that could keep …
By Chavi Mehta, Helen Coster and Dawn Chmielewski (Reuters) -News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell …
By Leika Kihara TOKYO (Reuters) -A possible revision to a joint Japanese government and Bank of Japan (BOJ) statement that focuses on pulling the country out of deflation must be …
SEOUL (Reuters) – South Korea’s finance minister reaffirmed on Friday his view that consumer prices would ease around the April-May months, a week after data showed the country’s annual inflation …
By Nivedita Balu (Reuters) – Lyft Inc on Thursday forecast current-quarter profit far below Wall Street targets as the ride-hailing service lowered prices, triggering a 30% drop in shares on …
By Andrew Goudsward (Reuters) – A U.S. judge on Thursday sanctioned Meta Platforms Inc and its law firm, Gibson, Dunn & Crutcher for “delay, misdirection and frivolous arguments” in a …
By Carolina Mandl (Reuters) – U.S. stock indexes ended lower on Thursday, erasing earlier gains as Treasury yields rose after an auction of 30-year bonds went poorly and overshadowed strong …
By Joey Roulette WASHINGTON (Reuters) -SpaceX’s towering Super Heavy booster, one half of the company’s Starship rocket system, briefly roared to life for the first time on Thursday in a …
By David Shepardson WASHINGTON (Reuters) – Proposed U.S. requirements to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference may cost the industry at least $637 …
By Leroy Leo and Mariam ESunny (Reuters) – AbbVie Inc said on Thursday it expects sales of its flagship rheumatoid arthritis drug Humira to decline 37% this year due to …
By Manya Saini and Jaiveer Shekhawat (Reuters) – PayPal Holdings Inc forecast full-year profit above Wall Street estimates on Thursday but warned of pressure on discretionary spending, and said Chief …
By Ankur Banerjee SINGAPORE (Reuters) – As a swift and broad rally in Asian stock markets after China’s reopening from COVID curbs peters out, investors are targeting beaten down stocks …
By Ankit Kumar (Reuters) -Canopy Growth Corp said on Thursday it would shed assets in Canada and cut 800 job positions as part of the pot producer’s efforts to reduce …
By Raphael Satter and Suzanne Smalley WASHINGTON (Reuters) – The United States and Britain have imposed sanctions against seven leading members of a notorious Russian hacking gang known as Trickbot, …
By Doyinsola Oladipo and Shivansh Tiwary (Reuters) -Online travel booking company Expedia Group Inc missed Wall Street estimates for fourth-quarter profit on Thursday, hit by a spike in cancellations and …
BRASILIA (Reuters) – Brazilian Institutional Relations Minister Alexandre Padilha said on Thursday he was unaware of any discussion within the government about raising the inflation target despite media reports that …
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -India’s Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation …
By Paul Lienert and David Shepardson (Reuters) -The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build …