Breaking Business news from across New Jersey.
By Hilary Russ and Uday Sampath Kumar (Reuters) -Chipotle Mexican Grill Inc missed quarterly comparable sales and profit expectations on Tuesday, as customers pulled back on expensive delivery orders and …
(Reuters) – Prudential Financial Inc reported a roughly 26% fall in fourth-quarter adjusted profit on Tuesday as a global market rout pressured the insurer’s assets under management (AUM). The previous …
(Reuters) – Microsoft Corp on Tuesday unveiled a juiced-up version of its Bing search engine and Edge Web browser, powered by an upgraded version of ChatGPT’s underlying technology. The launch …
By James Pearson and Raphael Satter LONDON/WASHINGTON (Reuters) -A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, …
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds posted a solid 2.8% gain in January, but they missed out on the stellar rally that broader stock market indexes …
(Reuters) – E-commerce firm eBay Inc said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce. Shares of the San Jose, California-based company rose …
By Raghav Mahobe and Nandhini Srinivasan (Reuters) -Centene Corp on Tuesday said profit at its fast-growing Medicare Advantage (MA) business will take a beating in 2024 due to a sharp …
MEXICO CITY (Reuters) – Unilever Plc will build a manufacturing plant in the northern Mexican border state Nuevo Leon as part of a $400 million investment in the country over …
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Fed Chair Jerome Powell has spoken and luckily for bulls and bears, there …
(Reuters) -Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing services slows with the waning of the pandemic, and …
By Victoria Waldersee BERLIN (Reuters) -Volkswagen AG’s earnings margin was at the upper end of its forecast for 2022 at 8.1%, with sales and earnings above 2021 levels despite supply-chain …
BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto on Tuesday stepped up his defense of the institution’s independence amid mounting criticism from leftist President Luiz Inacio Lula da Silva …
(Reuters) – Hertz Global Holdings Inc’s rental fleet has less than half the number of Tesla cars it planned to order in 2022, its regulatory filing showed on Tuesday. Hertz’s …
By Ankit Kumar (Reuters) -DuPont de Nemours Inc on Tuesday projected results to improve in the second half of the year from steadying consumer electronics demand, normalized inventory levels at …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinflation …
By Lindsay Dunsmuir and Howard Schneider (Reuters) – Friday’s blockbuster jobs report showed why the battle against inflation will “take quite a bit of time,” Federal Reserve Chair Jerome Powell …
By P.J. Huffstutter CHICAGO (Reuters) – U.S. farm incomes this year are expected to fall for the first time since 2019 amid higher production expenses, a drop in direct government …
By Luc Cohen NEW YORK (Reuters) – A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving …
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement between the FTX cryptocurrency …
By Abhijith Ganapavaram (Reuters) -Spirit AeroSystems Holdings Inc said on Tuesday it was experiencing disruptions in supplying parts for the industry’s top-selling wide-body jets, the Boeing 787 and Airbus A350, …
By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed more than 3% on Tuesday after the head of the U.S. central bank eased market concerns over interest rate hikes, while …
By Stephen Nellis SAN FRANCISCO (Reuters) – The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market …
NEW YORK (Reuters) – Goldman Sachs Asset Management said Tuesday it had closed a $5.2 billion direct private markets fund that invests in high-growth businesses. The fund, one of the …
By Medha Singh (Reuters) – Retail investors are piling into small-cap firms that are into building artificial intelligence tools as companies including Google-parent Alphabet and Microsoft jostle to pull ahead …