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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Latin America, Caribbean call for more international funding at CELAC summit

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    BUENOS AIRES (Reuters) – Countries from Latin America and the Caribbean on Tuesday called for more international funding in the region following economic and climate crises, in a final declaration …

  • Business News

    Australia inflation surges further in Q4, more rate hikes loom

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Wayne Cole SYDNEY (Reuters) -Australian inflation shot to a 33-year high last quarter as the cost of travel and electricity jumped, a shock result that adds to the case …

  • Business News

    U.S. targets Google’s online ad business monopoly in latest Big Tech lawsuit

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Diane Bartz and David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department accused Alphabet Inc’s Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key …

  • Business News

    Texas Instruments signals expanding pain for chipmakers with somber forecast

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Chavi Mehta (Reuters) – Texas Instruments forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker’s …

  • Business News

    New Zealand inflation remains high but not as bad as central bank expected

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation held near three-decade highs last quarter but came in below the central bank’s forecast, prompting some analysts to bet that …

  • Business News

    FBI says N. Korea-related hacker group behind U.S. crypto firm heist

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (This Jan. 23 story has been officially corrected to say one hacker group, not two, in the headline and paragraph 1) (Reuters) – A hacker group associated with North Korea, …

  • Business News

    S&P 500 ends slightly down after mixed earnings, opening glitch

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and …

  • Business News

    Musk ends ‘funding secured’ testimony without citing binding Tesla deal

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) -Tesla Inc Chief Executive Elon Musk testified on Tuesday that he expected strong financial support when he tweeted that he would …

  • Business News

    Canada disappointed by U.S. plan to maintain softwood lumber duties

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    OTTAWA (Reuters) – Canada is disappointed the United States plans to maintain tariffs on Canadian softwood lumber imports, Ottawa said on Tuesday, arguing that a negotiated solution to the longstanding …

  • Business News

    Europe regulator says ‘hopefully converging’ with Boeing on 777X

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – Boeing and European regulators are “hopefully converging” in talks over design requirements for the future 777X airliner, the head of the European Union Aviation Safety Agency (EASA) said …

  • Business News

    Oil falls $2/barrel on economic jitters, U.S. crude stock build

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Arathy Somasekhar HOUSTON (Reuters) – Crude oil prices slipped on Tuesday on concerns about a global economic slowdown and as preliminary data indicated a bigger than expected build in …

  • Business News

    Stocks, dollar mostly flat on soft data, corporate outlooks

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -U.S. stock indexes closed mixed and the dollar slid a bit on Tuesday after companies warned of a tough year ahead …

  • Business News

    Cryptoverse: Bitcoin investors take control

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Lisa Pauline Mattackal and Medha Singh (Reuters) – Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin …

  • Business News

    Toronto market ends slightly down as Magna slides

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Fergal Smith (Reuters) -Canada’s main stock index edged slightly lower on Tuesday, pressured by a sharp drop in the shares of Magna International Inc and worries that higher borrowing …

  • Business News

    Canada needs to be ‘fiscally prudent’ in budget, finance minister says

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Steve Scherer OTTAWA (Reuters) -Canadian Finance Minister Chrystia Freeland said on Tuesday her approach to this year’s budget, due out sometime this spring, would be carefully calibrated due to …

  • Business News

    Bank of America to give stock awards to rank-and-file workers

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – Bank of America Corp will give stock awards to most of its global workforce for a sixth consecutive year, the company said in a memo to staff on …

  • Business News

    Uber Freight laying off 150, about 3% of workforce

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of …

  • Business News

    Factbox-The sun never sets on Google’s antitrust woes

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – Alphabet Inc’s Google, whose clout in search, the Android smartphone operating system and online advertising upended those markets, faces antitrust fights in the United States, Europe and India. …

  • Business News

    Factbox-Biden administration continues Trump antitrust focus on tech giants

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – The U.S. Justice Department sued Alphabet’s Google on Tuesday, marking the third antitrust lawsuit filed against a tech giant since the Trump administration kicked off investigations of the …

  • Business News

    Albemarle calls for high lithium prices to fuel EV industry growth

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Ernest Scheyder (Reuters) -Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle …

  • Business News

    Amazon deepens healthcare push with $5 monthly subscription

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Jeffrey Dastin and Chavi Mehta (Reuters) – Amazon.com Inc said on Tuesday it is offering a $5 monthly subscription plan for U.S. Prime members that will cover a range …

  • Business News

    U.S. securities regulator awards whistleblowers more than $28 million

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it has awarded a whistleblower payout of more than $28 million to joint tipsters who shared …

  • Business News

    Dollar slips as upbeat euro zone business activity data lifts euro

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged lower against the euro on Tuesday after data showed euro zone business activity made a surprise return to modest growth …

  • Business News

    U.S business activity downturn eases slightly; euro zone back to growth

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Dan Burns and Jonathan Cable NEW YORK/LONDON (Reuters) – The downturn in U.S. business activity eased slightly in January even as it contracted for the seventh straight month while …

  • Business News

    Musk tweets proxy voting firms have ‘far too much power’

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Simon Jessop and Ross Kerber (Reuters) -Billionaire Elon Musk said in a tweet that advisers that make recommendations to shareholders on how to cast their votes at company meetings …

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