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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Factbox-Key dates to watch out for on BOJ policy, leadership change

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Leika Kihara TOKYO (Reuters) – Japan’s decades of ultra-low interest rates may reach a turning point on Wednesday as the central bank debates the fate of its yield control …

  • Business News

    Japan Nov core machinery orders tank more than expected

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Yoshifumi Takemoto and Kantaro Komiya TOKYO (Reuters) – Japan’s core machinery orders fell further than expected in November, prompting the government to slash its view on the barometer of …

  • Business News

    Key moments in BOJ’s monetary policy

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) – Japan’s decades of ultra-low interest rates may reach a turning point as the central bank debates the fate of its yield control policy, which is creaking under intense …

  • Business News

    Mexican economy grew around 3% last year, fueled by tourism

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    MEXICO CITY (Reuters) – Mexico’s economy expanded by about 3% in 2022, Finance Minister Rogelio Ramirez de la O said in a statement on Tuesday, as Latin America’s No. 2 …

  • Business News

    UK pay deals hold at 5% for second month as wages lag inflation – XpertHR

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Suban Abdulla LONDON (Reuters) – Pay awards by British employers held at 5% for the second month in a row in December, well below annual inflation of close to …

  • Business News

    U.S. Justice Department rolls out policy to coax companies to report wrongdoing

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Chris Prentice (Reuters) -U.S. federal prosecutors will have greater leeway to decline to prosecute companies that self-report criminal matters and cooperate with government investigations, the Justice Department said on …

  • Business News

    Davos 2023: U.S. consumers in ‘good shape’ as wages grow -BofA CEO

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as the Federal Reserve raises interest rates to tame inflation, Bank …

  • Business News

    Goldman, Travelers drag Dow lower as earnings season picks up

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Herbert Lash and Chuck Mikolajczak NEW YORK (Reuters) – The Dow fell more than 1% on Tuesday as weak earnings from Goldman Sachs dragged the index lower, but a …

  • Business News

    Factbox-Who are candidates to become next BOJ governor?

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Leika Kihara (Reuters) – Japan’s government is likely to present its nominees for the next Bank of Japan (BOJ) governor and two deputy governors on Feb. 10, sources have …

  • Business News

    Explainer-How does Japan’s yield curve control work?

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s yield curve control (YCC) is under fierce market attack, as investors test the bank’s commitment to capping bond yields with …

  • Business News

    Morgan Stanley, Goldman show starkly different quarterly results

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Carolina Mandl and Saeed Azhar NEW YORK (Reuters) – The financial fortunes of Wall Street’s investment banking titans split as Morgan Stanley benefited from higher wealth management revenue while …

  • Business News

    Former Fox execs in Brooklyn court as FIFA corruption case kicks off

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Jack Queen (Reuters) -A criminal case against two former 21st Century Fox executives and a sports marketing company accused of bribing South American soccer officials to obtain lucrative broadcasting …

  • Business News

    French Uber drivers to earn more than $8 per ride after union deal

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Mathieu Rosemain PARIS (Reuters) – France’s Uber drivers are poised to earn a minimum of 7.65 euros net ($8.25) per ride after a sector-wide deal with unions, setting up …

  • Business News

    Trian Fund Management, now pushing for seat at Disney, lost 10.6% in 2022

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management, the activist investment firm currently pushing for changes plus a board seat at Walt Disney Co, posted a return of …

  • Business News

    Morale at Japan big manufacturers logs first negative reading in 2 years -Reuters Tankan

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Tetsushi Kajimoto TOKYO (Reuters) – Business confidence at big Japanese firms slid in January with manufacturers showing a negative reading for the first time in two years, the Reuters …

  • Business News

    Dollar weakens vs yen ahead of BOJ; stocks fall

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – The dollar weakened against the Japanese yen on Tuesday amid expectations of a possible policy shift at the Bank of Japan, while stocks …

  • Business News

    Britain’s financial services exports tick higher, U.S. top customer

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Huw Jones LONDON (Reuters) – Britain’s trade surplus in financial and related professional services edged up in 2021 as the United States cemented its position as the top customer, …

  • Business News

    U.S. Supreme Court asks for gov’t views on blockbuster Apple/Caltech patent dispute

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Blake Brittain (Reuters) – The U.S. Supreme Court on Tuesday asked for the Biden administration’s views on Apple Inc and Broadcom Inc’s bid to revive their challenges to patents …

  • Business News

    J. Crew brand launches resale program, to offer vintage styles

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) -J. Crew Group said on Tuesday it had launched a new resale program for its eponymous brand, which will offer used styles online and vintage apparel in select J. …

  • Business News

    Cryptoverse: Bitcoin is back with a bonk

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. …

  • Business News

    United Airlines expects to quadruple profit in 2023

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Holdings on Tuesday forecast at least a four-fold jump in full-year profit for this year and reported fourth-quarter earnings that topped Wall …

  • Business News

    Microsoft to expand ChatGPT access as OpenAI investment rumors swirl

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Jeffrey Dastin (Reuters) – Microsoft Corp on Monday said it is widening access to hugely popular software from OpenAI, a startup it is backing whose futuristic ChatGPT chatbot has …

  • Business News

    Russian anti-monopoly agency fines Apple $17 million – TASS

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) – Russia’s federal anti-monopoly service (FAS) fined Apple about $17.4 million, the regulator said on Tuesday, over what it said was the U.S. company’s abuse of its dominant market …

  • Business News

    Dutch PM Rutte sees progress in talks on U.S. chip export restrictions

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    AMSTERDAM (Reuters) – Dutch Prime Minister Mark Rutte on Tuesday said he saw gradual progress in talks over new restrictions the United States wants it to implement on exporting chip-making …

  • Business News

    Wall Street investment banking slammed, as execs hope for more confidence ahead

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Saeed Azhar, Carolina Mandl and Megan Davies NEW YORK (Reuters) – Wall Street banks showed deep falls in their investment banking businesses in the fourth quarter, prompting thousands of …

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