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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Hyundai in talks with U.S. Labor Department over Alabama child labor

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Joshua Schneyer, Mica Rosenberg and Kristina Cooke NEW YORK (Reuters) -Hyundai Motor Co said it is in talks with the U.S. Department of Labor to resolve concerns about child …

  • Business News

    U.N. aviation agency forecasts rapid growth in passenger demand in 2023

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    OTTAWA (Reuters) – The United Nations’ aviation agency on Wednesday forecast global air passenger demand in 2023 will rapidly recover to pre-pandemic levels on most routes by the first quarter …

  • Business News

    FTX gets court approval to subpoena founder Bankman-Fried, other insiders

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Dietrich Knauth (Reuters) – Failed crypto firm FTX received court approval on Wednesday to issue subpoenas to its founder Sam Bankman-Fried and members of his family as part of …

  • Business News

    Fed officials on board with more modest pace of interest rate hikes

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Michael S. Derby and Howard Schneider NEW YORK (Reuters) -Federal Reserve officials on Wednesday said more interest rate rises are in the cards as the U.S. central bank presses …

  • Business News

    France in new row with Germany and Spain over nuclear-derived hydrogen

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Michel Rose, Belén Carreño and Kate Abnett PARIS/MADRID/BRUSSELS (Reuters) – A new row has erupted between France, Germany and Spain over nuclear energy, with Paris furious about a lack …

  • Business News

    U.S. dollar flat to moderately higher, weak outlook intact on Fed outlook

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar was little changed to marginally higher on Wednesday as investors paused selling the greenback a day after Federal Reserve Chair Jerome …

  • Business News

    Oil settles up for third day as interest rate concerns ease

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Laura Sanicola (Reuters) -Oil rose for a third straight day on Wednesday as investors felt more comfortable with risk a day after the Federal Reserve chair’s remarks eased concerns …

  • Business News

    Netflix lays out plans to crack down on account sharing

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Corrects syntax in headline and paragraph 1) (Reuters) – Netflix Inc on Wednesday laid out plans to crack down on password sharing for accounts on its streaming platform, including setting …

  • Business News

    Southwest to tell U.S. lawmakers ‘we messed up’ during holiday meltdown

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) -Southwest Airlines Chief Operating Officer Andrew Watterson will apologize on Thursday before a U.S. Senate committee over the holiday meltdown that …

  • Breaking NewsBusiness NewsCommunity News

    Why are so many KIA cars being stolen lately?

    by Conservative Times February 8, 2023
    by Conservative Times February 8, 2023

    With an increase nationwide in stolen KIA automobiles, some are wondering why thieves are targeting this specific automaker. Lately, car thefts have skyrocketed and Kia cars are a key target …

  • Business News

    Tesla’s Model Y and Model 3 top-selling vehicles in California in 2022

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Reuters) – Tesla Inc’s Model Y and Model 3 electric vehicles were the top-sellers in California last year, outselling Toyota Motor Corp’s RAV4 and Camry models, according to an industry …

  • Business News

    Societe Generale drawn by U.S. SEC into its widening messaging probe

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Reuters) – Societe Generale, France’s third biggest bank, has been drawn into a probe by the U.S. securities regulator on whether its staff had used unauthorized messaging platforms, according to …

  • Business News

    Walmart wins lawsuit claiming its Fudge Mint cookies lack fudge and mint

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Jonathan Stempel (Reuters) – A federal judge in Chicago has dismissed a proposed class action lawsuit accusing Walmart Inc of deceiving shoppers by selling Fudge Mint cookies that lacked …

  • Business News

    Fed’s Waller sees no sign of ‘quick’ decline in inflation

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Howard Schneider WASHINGTON (Reuters) – Inflation seems poised to continue slowing this year but the U.S. central bank’s battle to reach its 2% target “might be a long fight” …

  • Business News

    Equinor raises energy trading forecast on volatility, flexibility

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Nora Buli LONDON (Reuters) – Norway’s Equinor raised its energy trading division’s outlook on Wednesday, saying it expects the business to profit from a more flexible asset portfolio and …

  • Business News

    Jeffrey Epstein’s banks seek to end accusers’ lawsuits

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co and Deutsche Bank AG called on a U.S. judge to dismiss lawsuits by victims of Jeffrey Epstein who accused the …

  • Business News

    Elon Musk to unveil Tesla’s ‘Master Plan 3’ at first investor day

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Reuters) -Tesla Inc Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker’s “Master Plan” when the company holds its first investor day on March …

  • Business News

    Uber focuses on 2023 profits as pandemic pain eases

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Reuters) -Uber Technologies Inc said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and …

  • Business News

    France, Germany protest U.S. green subsidies on Washington trip

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Christian Kraemer and David Lawder WASHINGTON (Reuters) -France and Germany’s economy ministers found a willingness in Washington to engage with Europe’s concerns over subsidies for green technologies under the …

  • Business News

    Britain takes aim at Microsoft’s $69 billion ‘Call of Duty’ deal

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Paul Sandle LONDON (Reuters) – Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker Activision Blizzard, saying it could harm gamers …

  • Business News

    New York Times earnings boosted by digital bundling push

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Samrhitha A (Reuters) – The New York Times Co beat Wall Street estimates for quarterly earnings on Wednesday as more people signed up for its digital subscription bundles, offsetting …

  • Business News

    Yum Brands beats estimates as Taco Bell lures value hunters

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Deborah Mary Sophia and Hilary Russ (Reuters) -Yum Brands Inc beat Street estimates for quarterly sales and profit on Wednesday, as strong demand for wallet-friendly meals at its Taco …

  • Business News

    B Riley shares plunge after short seller Wolfpack Research takes aim

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    (Reuters) -Shares of investment bank B Riley Financial Inc fell about 11% on Wednesday after Wolfpack Research disclosed a short position in the sole book-runner for troubled home goods retailer …

  • Business News

    U.S. recession still likely despite resilient economic data – PIMCO

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the U.S. economy is headed toward a recession, despite recent data …

  • Business News

    Google to beef up search with AI, setting stage for showdown with Bing

    by Reuters February 8, 2023
    by Reuters February 8, 2023

    By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) -Alphabet’s Google on Wednesday said it will enhance search results with generative AI features, in its latest salvo against Microsoft which laid …

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