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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    US FAA ends probe of Blue Origin’s 2022 rocket mishap, needs engine redesign

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Wednesday it has closed a probe into Blue Origin’s 2022 New Shepard rocket failure, forcing a redesign of …

  • Business News

    Micron widens loss forecast, shares drop; chipmaker hopes to supply Nvidia

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Samrhitha A and Stephen Nellis (Reuters) -Micron Technology on Wednesday forecast a wider than expected first-quarter loss, and its shares sank 2.4% even as it prepares to ramp up …

  • Business News

    Volkswagen hit by IT outage, VW vehicle production in Germany halted

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    FRANKFURT (Reuters) -Volkswagen said it was hit by a major IT outage on Wednesday, causing production at the carmaker’s namesake brand in Germany to come to a halt. Volkswagen, Europe’s …

  • Business News

    Union urges US regulators to deny GM’s self-driving Cruise a safety exemption

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By David Shepardson WASHINGTON (Reuters) -The International Brotherhood of Teamsters union on Wednesday asked U.S. auto safety regulators to deny a petition by General Motors to exempt its autonomous vehicle …

  • Business News

    Ryanair expects delivery disruptions from Boeing to linger through mid-2024 – Bloomberg News

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    (Reuters) – Ryanair faces broad delivery delays of the 737 Max aircraft as Boeing deals with the latest supplier glitch afflicting the jet, with disruptions poised to linger through mid-2024, …

  • Business News

    Marketmind: Doom loop momentum builds

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Sometimes markets get up a head of steam and it …

  • Business News

    Peloton zooms after striking global deal with yoga wear maker Lululemon

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    (Reuters) – Peloton Interactive and Lululemon Athletica said on Wednesday they had entered into a five-year global partnership, sending Peloton’s shares up 16.7% in aftermarket trading. Under the deal, Peloton …

  • Business News

    Uber names semiconductor executive Mahendra-Rajah as CFO

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    (Reuters) -Uber Technologies on Wednesday named Analog Devices CFO Prashanth Mahendra-Rajah as its finance chief at a time when the ride-hailing company is gearing up for growing competition in the …

  • Breaking NewsBusiness NewsCommunity NewsMonmouth County NewsNew Jersey News

    Money Can’t Buy Happiness, But this $4.9 Million Seaside Mansion is a Good Start

    by Jessica Woods September 27, 2023
    by Jessica Woods September 27, 2023

    SPRING LAKE, NJ – A stunning residence located at 12 Atlantic Avenue has been listed for $4,950,000, offering a rare opportunity to own a piece of coastal luxury just steps …

  • Business News

    Factbox-Meta Connect: All the details on Quest 3, Ray-Ban smart glasses, AI chatbots

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    (Reuters) – Meta Platforms unveiled artificial intelligence-powered chatbots, a new mixed reality headset and Ray-Ban smart glasses at its annual products conference in Menlo Park, California. Here are the key …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    Newly Built Luxury Home Listed for $4.5 Million in Long Beach Township

    by Erica Schmidt September 27, 2023
    by Erica Schmidt September 27, 2023

    LONG BEACH TOWNSHIP, NJ – A newly constructed luxury residence located at 151-B Long Beach Blvd, Long Beach Township, NJ 08008, has been introduced to the market at a listing …

  • Business News

    Explainer-What does New York fraud ruling mean for Donald Trump’s business empire?

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Jack Queen (Reuters) – The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. …

  • Business News

    China lists mobile app stores that comply with new rule, but Apple missing

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Josh Ye HONG KONG (Reuters) -China’s cyberspace regulator released on Wednesday names of the first batch of mobile app stores that have completed filing business details to regulators, signalling …

  • Business News

    Analysis-US crypto industry comes to Washington, but faces uphill struggle

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Hannah Lang (Reuters) – Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over …

  • Business News

    Global stocks extend sell-off as bond yields surge

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Sinéad Carew NEW YORK (Reuters) – A global index of stocks closed Wednesday’s choppy session slightly lower to extend the previous day’s sharp sell-off, as oil prices rallied and …

  • Business News

    Italy hikes deficit targets as economic growth weakens

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Giuseppe Fonte and Gavin Jones ROME (Reuters) -The Italian government on Wednesday cut its growth forecasts for this year and next and hiked its budget deficit targets, as rising …

  • Business News

    Exclusive-Revenue management software vendor Pros explores sale -sources

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Milana Vinn (Reuters) -Pros Holdings Inc, a U.S. provider of revenue management software to airlines and other industries, is exploring options that include a potential sale, according to people …

  • Business News

    Apple is ordered to face Apple Pay antitrust lawsuit

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Jonathan Stempel (Reuters) – Apple was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay …

  • Business News

    Cannabis stock gains fade in volatile trading on US Senate bill hopes

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) -Shares of marijuana companies gave back early gains on Wednesday after jumping following a U.S. Senate committee voted to advance …

  • Business News

    Dollar index climbs to 10-month high; yen, euro languish

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Karen Brettell and Samuel Indyk NEW YORK (Reuters) – The dollar hit a 10-month high against a basket of major currencies on Wednesday, pushing the euro to an almost …

  • Business News

    Epic Games asks US Supreme Court to review Apple antitrust case

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Stephen Nellis (Reuters) – Epic Games on Wednesday asked the U.S. Supreme Court to review the antitrust case it brought against Apple, hoping to reverse lower court rulings that …

  • Business News

    US FTC sets date for internal arguments on Microsoft deal to buy Activision

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission set a date on Wednesday for its internal judge to hear its arguments on why Microsoft should not be …

  • Business News

    Argentina poverty rate rises to 40.1% in first half of 2023

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    BUENOS AIRES (Reuters) – Argentina’s poverty rate rose to 40.1% in the first half of 2023, the government’s INDEC statistics agency said on Wednesday, up from 39.2% in the second …

  • Business News

    US late-night shows to resume next week after writers end strike

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Danielle Broadway (Reuters) – Late-night hosts Jimmy Fallon, Stephen Colbert, John Oliver, Seth Meyers and Jimmy Kimmel are bringing their shows back to television next week following the end …

  • Business News

    Nike Air Jordan cachet tumbles on resale market. Is sneaker culture moving on?

    by Reuters September 27, 2023
    by Reuters September 27, 2023

    By Katherine Masters NEW YORK (Reuters) -When Nike reports its results for the key back-to-school shopping season on Thursday, investors will be eyeing the performance of its Jordan brand, a …

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