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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    In alliance reboot, Nissan to buy up to 15% stake in Renault EV unit

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Gilles Guillaume and Nick Carey LONDON (Reuters) – Japanese car maker Nissan will buy a stake of up to 15% in Renault’s electric vehicle (EV) unit Ampere, the pair …

  • Business News

    Japan Dec real wages rebound on one-off bonuses, household spending falls

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Kantaro Komiya TOKYO (Reuters) -Japanese real wages rose for the first time in nine months thanks to robust temporary bonuses, but uncertainty remains on whether pay hikes will continue …

  • Business News

    Exclusive-Many airlines will not meet U.S. 5G upgrade deadline -IATA

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By David Shepardson WASHINGTON (Reuters) -Many airlines will be unable to meet looming U.S. deadlines to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference, the …

  • Business News

    Spirit Airlines beats estimates on strong travel demand

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – Ultra low-cost carrier Spirit Airlines Inc posted better-than-expected quarterly results on Monday, fueled by strong demand for air travel despite ongoing economic concerns. Shares of Spirit rose over …

  • Business News

    Wall St ends down as investors await Fed’s next steps

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Carolina Mandl, Shubham Batra and Johann M Cherian (Reuters) – U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve …

  • Business News

    AMC to price movie tickets based on seating

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – AMC Entertainment Holdings will start selling tickets at different prices based on the  location of the seat in a auditorium, the theater chain operator said on Monday. Theater …

  • Business News

    Japan Dec real wages post first rise in 9 months on 26-year-high nominal growth

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    TOKYO (Reuters) – Japan’s real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years …

  • Business News

    FedEx, Southwest planes believed under 100 feet apart -NTSB

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By David Shepardson WASHINGTON (Reuters) – The chair of the U.S. National Transportation Safety Board (NTSB) said a FedEx Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly …

  • Business News

    FTX’s Bankman-Fried, prosecutors reach deal over contact with employees

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -FTX founder Sam Bankman-Fried has reached an agreement with U.S. prosecutors that would let him contact some current or former employees …

  • Business News

    Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Josh Smith SEOUL (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North …

  • Business News

    Exclusive-Record-breaking 2022 for North Korea crypto theft – UN report

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Michelle Nichols UNITED NATIONS (Reuters) – North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, …

  • Business News

    What the world’s longest happiness study says about money

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Chris Taylor NEW YORK (Reuters) – For generations, society has grappled with the question of whether money brings happiness. Now a new book has some answers – with the …

  • Business News

    Newmont open to sweetening $16.9 billion bid for gold rival Newcrest -source

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Clara Denina, Melanie Burton and Divya Rajagopal (Reuters) -U.S.-based Newmont Corp is open to slightly increasing its $16.9 billion offer for Newcrest Mining Ltd, according to a source familiar …

  • Business News

    Carlyle names former Goldman executive Schwartz as CEO

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Chibuike Oguh (Reuters) -Carlyle Group Inc on Monday appointed former Goldman Sachs Inc executive Harvey Schwartz as its chief executive officer, taking on the tasks of driving the private …

  • Business News

    Google unveils ChatGPT rival Bard, AI search plans in battle with Microsoft

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Jeffrey Dastin (Reuters) -Google owner Alphabet Inc on Monday said it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, an …

  • Business News

    U.S. considering 200% tariff on Russian aluminum, official says

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Steve Holland (Reuters) -The United States is considering raising the import tariff on Russian-made aluminum to 200%, as it seeks to ramp up pressure on Moscow over its war …

  • Business News

    Fed loan officer survey finds tighter loan standards, reduced demand

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Michael S. Derby (Reuters) – Lending officers at major banks told the Federal Reserve that in the final three months of last year they tightened standards and saw reduced …

  • Business News

    Marketmind: Rates start to bite

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the back of their worst day since …

  • Business News

    Stocks slide, dollar firm as further monetary tightening seen

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global equity markets fell and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates …

  • Business News

    Citadel gains in January leading early 2023 hedge fund industry returns

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) -Ken Griffin’s Citadel extended its winning streak with gains in January, weeks after ending 2022 with a $16 billion gain, the biggest profit ever …

  • Business News

    Nearly 60 hair relaxer lawsuits against L’Oreal, others consolidated in Illinois federal court

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Diana Novak Jones (Reuters) – Nearly 60 lawsuits claiming hair relaxer products sold by L’Oreal USA Inc and other companies cause cancer and other health problems will be consolidated …

  • Business News

    Germany’s Habeck optimistic EU and U.S. can reduce trade tension

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Christian Kraemer and Jeff Mason WASHINGTON (Reuters) -German Economy Minister Robert Habeck expressed optimism on Monday about resolving a European Union trade dispute with Washington, saying he saw room …

  • Business News

    Fed may need to push rates higher, Bostic tells Bloomberg

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) -The U.S. Federal Reserve may need to lift borrowing costs higher than previously anticipated given the unexpectedly strong reading on jobs gains in January, Atlanta Federal Reserve Bank President …

  • Business News

    Goldman Sachs cuts U.S. recession odds to 25% on strong labor market

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    NEW YORK (Reuters) – Goldman Sachs said on Monday it now sees a 25% probability of the United States entering a recession in the next 12 months, down from a …

  • Business News

    U.S. judge denies FTC request to stop Meta from acquiring VR firm Within

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    WASHINGTON (Reuters) -A judge on Friday released a ruling denying the Federal Trade Commission’s request to stop Meta Platforms Inc from buying virtual reality content maker Within Unlimited, rejecting the …

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