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Category:

Business News

Breaking Business news from across New Jersey.

  • Breaking NewsBusiness NewsFeatured NewsJersey Shore NewsNew Jersey NewsNorth Jersey NewsOcean County NewsSouth Jersey NewsTop 10 ListsWeird and Strange News

    Wawa’s not just a Jersey thing anymore, voted best gas station food in U.S.

    by Phil Stilton January 30, 2023
    by Phil Stilton January 30, 2023

    If you’re from New Jersey, chances are Wawa is your primary pitstop choice. Whether you’re gassing up for work or a trip to the Jersey Shore, most Jerseyans choose Wawa. …

  • Business News

    Morgan Stanley’s Kayello to step down as MENA head

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    DUBAI (Reuters) – Morgan Stanley’s regional head for the Middle East and North Africa (MENA) Sammy Kayello is stepping down, the bank said in an internal memo, though he will …

  • Business News

    Drugmaker Amgen lays off 300 U.S. employees

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    (Reuters) -Drugmaker Amgen Inc said on Monday that it let go about 300 U.S. employees or about 1.2% of its total workforce, citing recent organizational changes to its commercial team. …

  • Business News

    Mastercard, Binance launching prepaid card in Brazil

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    SAO PAULO (Reuters) – Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America’s largest economy, as part of the crypto giant’s efforts …

  • Business News

    Ryanair hiring Ukraine staff in anticipation of return after war

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    DUBLIN (Reuters) – Ryanair is hiring significant numbers of Ukrainian pilots and cabin crew so that it will be ready to return to the country when the war with Russia …

  • Business News

    Paxlovid sales forecasts may change with Pfizer view on China

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Manas Mishra and Michael Erman (Reuters) – Clarity from Pfizer Inc this week on whether China’s relaxation of its Zero-COVID policy and the surge in infections there will lead …

  • Business News

    Nissan and Renault agree to overhaul alliance, this time as equals

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Maki Shiraki and Gilles Guillaume TOKYO/PARIS (Reuters) -Nissan Motor Co and Renault SA agreed on Monday to a sweeping remake of their two-decade-old automaking alliance that will put them …

  • Business News

    Euro zone economic sentiment rises in January to seven-month high

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BRUSSELS (Reuters) -Euro zone economic sentiment rose to a seven-month high in January on more optimism across all sectors except construction, with inflation expectations among consumers and companies both sharply …

  • Business News

    China’s 2022 fiscal revenue growth skids as COVID jolts economy

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BEIJING (Reuters) – China’s fiscal revenue rose 0.6% in 2022 from a year earlier, slowing sharply from a 10.7% increase in 2021 due to huge tax rebates for businesses to …

  • Business News

    Exclusive-India’s LIC to ‘engage’ with Adani after short seller’s allegation

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Nikunj Ohri NEW DELHI (Reuters) -State-run Life Insurance Corporation (LIC), India’s largest insurer, is reviewing Adani Group’s response to scathing criticism by a U.S. short-seller and will hold talks …

  • Business News

    Danish government proposes to spend $337 million on inflation aid package

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    COPENHAGEN (Reuters) – Denmark’s government proposes to spend 2.3 billion Danish crowns ($337 million) on an economic aid package aimed at softening the blow from high inflation, Denmark’s finance ministry …

  • Business News

    Exclusive-Venezuela tightens oil prepayment rules, documents show

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Marianna Parraga HOUSTON (Reuters) – Venezuela’s state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead …

  • Business News

    Marketmind: This might hurt

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. This week promises to be one of the most action-packed in a while. Three of …

  • Business News

    Falling costs may boost McDonald’s, other restaurant profits in 2023

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Hilary Russ NEW YORK (Reuters) – With the cost of butter plunging nearly 16% in a month and wholesale broiler chickens getting cheaper, some big restaurant chains including McDonald’s …

  • Business News

    Fed’s words in focus as markets bet rate hikes will soon end

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Ann Saphir (Reuters) – U.S. central bankers have unambiguously telegraphed this week’s policy decision: a quarter-of-a-percentage-point increase in their benchmark interest rate, the smallest since they kicked off their …

  • Business News

    Investors’ bets against German bonds hit highest since 2015, S&P data shows

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Harry Robertson and Nell Mackenzie LONDON (Reuters) – Investors have amassed the biggest bet against German government bonds since 2015, as the country issues large amounts of debt and …

  • Business News

    The mouse that roared: New Zealand and the world’s 2% inflation target

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Lucy Craymer WELLINGTON, New Zealand (Reuters) – More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring …

  • Business News

    Goldman Sachs restructures Russian asset holdings -RBC, citing sources

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    MOSCOW (Reuters) -Goldman Sachs Group Inc. has restructured its assets in Russia, the RBC daily reported on Monday, citing two investment market sources, a move that could take the U.S. …

  • Business News

    China’s factory activity likely contracted more slowly in January: Reuters poll

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BEIJING (Reuters) – China’s factory activity in January is expected to have contracted more slowly than in December, a Reuters poll showed on Monday, with production hampered as workers continued …

  • Business News

    Nissan, Renault agree to overhaul alliance, putting themselves on equal footing

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    (Reuters) – Nissan Motor Co and Renault SA have agreed to a sweeping revamp of their two-decade-old automaking alliance that will put them on an equal footing and see the …

  • Business News

    Ryanair posts record Christmas quarter, sees ‘very robust’ summer demand

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Conor Humphries DUBLIN (Reuters) – Ryanair on Monday posted a record after-tax profit for its October-December quarter and said bookings for Easter and summer flights were “very robust”, boosted …

  • Business News

    Barclays turns bullish on European banks, downgrades utilities

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    (Reuters) -Barclays analysts on Monday upgraded Europe’s banking sector, as it sees benefits of higher interest rates and healthy financials, but downgraded the utilities sector. Analysts at the British investment …

  • Business News

    Rising interest rates have a sting in the tail for Europe’s banks

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By John O’Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) -Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the …

  • Business News

    BOJ should make 2% inflation target long-term goal, panel says

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -A panel of academics and business executives on Monday urged the Bank of Japan (BOJ) to make its 2% inflation target a …

  • Business News

    Take Five: Goldilocks and the three bears

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    (Reuters) -Not too hot and not too cold. That’s what investors are hoping for in terms of the economic outlook, as China recovers from COVID and as companies grapple with …

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