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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Column-Bank of Japan shift exposes global bond cracks: McGeever

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

    By Jamie McGeever ORLANDO, Fla. (Reuters) – Japan risks pulling the rug from under the much-touted “year of the bond.” Further changes to the Bank of Japan’s yield curve control …

  • Business News

    Greenlight marks stellar 2022 on shorting tech stocks

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

    (Reuters) – Hedge fund manager Greenlight Capital said on Tuesday its fund rallied 36.6% in 2022 in one of its best years ever, thanks to a profitable long book and …

  • Business News

    Davos 2023: EU to counter U.S. climate game changer with own green deal

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

    By Maha El Dahan and Jan Strupczewski DAVOS, Switzerland (Reuters) – The European Union responded on Tuesday to U.S. moves to boost its energy transition with its own plans to …

  • Business News

    Amazon will not cut jobs in Italy, unions say after meeting

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

    MILAN (Reuters) – Amazon does not plan to cut any jobs in Italy despite a drop in volumes last year, trade unions said on Tuesday after a video meeting with …

  • Business News

    NY Fed finds relatively benign factors drive recent discount window borrowing rise

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

    By Michael S. Derby NEW YORK (Reuters) – A recent uptick in borrowing at a central bank facility that has historically provided emergency credit is likely tied to small bank …

  • Business News

    Analysis-Bond traders get their swagger back in rate-obsessed markets

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

    By Lananh Nguyen NEW YORK (Reuters) -Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. …

  • Business News

    Silvergate Capital reports net loss of $1 billion for the fourth quarter

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

    By Hannah Lang (Reuters) – Silvergate Capital Corp reported a net loss of $1 billion in the fourth quarter, after reporting earlier this month that investors spooked by the collapse …

  • Business News

    Boeing, Airbus hit back over criticism of delivery delays

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

    By Padraic Halpin DUBLIN (Reuters) – The world’s two largest planemakers defended themselves on Tuesday following criticism over delivery delays, with a Boeing executive saying increasing production after COVID-19 lockdowns …

  • Business News

    Citi CEO says Fed could slow interest rate hikes by early summer – CNBC

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

    (Reuters) – Citigroup Inc Chief Executive Officer Jane Fraser said the U.S. Federal Reserve could slow rate hikes in late spring or early summer, in an interview with CNBC. After …

  • Business News

    European shares close up after report says ECB considering smaller rate hikes

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

    By Bansari Mayur Kamdar, Ankika Biswas and Sruthi Shankar (Reuters) -European shares reversed early losses on Tuesday to close at a fresh nine-month high after a report said the European …

  • Business News

    Davos 2023: Recession casts long shadow over opening of WEF summit

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

    By Divya Chowdhury and Maha El Dahan DAVOS, Switzerland (Reuters) -The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening …

  • Business News

    Davos 2023: Colombia pushes LatAm corporate tax accord

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

    DAVOS, Switzerland (Reuters) – Colombia is looking to supplement a global deal setting minimum tax levels for multinationals with an additional accord among its fellow Latin American countries, finance minister …

  • Business News

    Germany will not fall into recession, Scholz tells Bloomberg TV

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

    BERLIN (Reuters) -German Chancellor Olaf Scholz said on Tuesday he was convinced Europe’s largest economy would not fall into a recession despite soaring energy and food prices in the wake …

  • Business News

    Canada’s inflation eases in December ahead of another likely rate hike

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

    By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s annual inflation rate eased more than expected in December as gas prices came down but core measures remained little changed …

  • Business News

    Italy to decide fate of top Treasury officials on Jan. 19, sources say

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

    By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy’s cabinet is likely to decide on Jan. 19 the fate of two influential Treasury officials, sources said, with nationalist Prime …

  • Business News

    U.S. household spending gains moderated in December, NY Fed says

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

    By Michael S. Derby NEW YORK (Reuters) – American households are cutting back on spending, but are doing so from very high levels, a New York Federal Reserve report showed …

  • Business News

    New York state manufacturing plunges in January

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

    By Lucia Mutikani WASHINGTON (Reuters) -New York state manufacturing contracted sharply in January as orders collapsed and employment growth stalled, pointing to continued weakness in national factory activity, and little …

  • Business News

    Crypto hedge funds ended 2022 down almost 50% – BarclayHedge data

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

    By Nell Mackenzie LONDON (Reuters) – Hedge funds trading crypto currencies tracked by index provider BarclayHedge ended 2022 down almost 50%, the research firm said on Tuesday, a sign that …

  • Business News

    Ryanair CEO O’Leary sees no sign of recession

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

    By Sarah Young LONDON (Reuters) -Low-cost carrier Ryanair is not seeing any signs of recession, Chief Executive Officer Michael O’Leary said on Tuesday, pointing to two weeks of record bookings …

  • Business News

    Deutsche Bank names new compliance head from Barclays

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

    FRANKFURT (Reuters) – Deutsche Bank has appointed a Barclays executive to oversee compliance at Germany’s largest lender, according to an internal memo circulated on Tuesday and seen by Reuters. Deutsche …

  • Business News

    Peloton names former Twitter executive Leslie Berland as Chief Marketing Officer

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

    (Reuters) – Peloton Interactive Inc named former Twitter Inc executive Leslie Berland as Chief Marketing Officer on Tuesday, as the once high-flying connected fitness equipment works to recharge sales amid …

  • Business News

    Disney braces for boardroom battle

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

    (Reuters) – Activist investor Nelson Peltz last week bid for a seat on the board of Walt Disney Co, stirring the pot for what appears to be a boardroom battle …

  • Business News

    Russia’s McDonald’s successor applies for trademark in Kazakhstan

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

    ASTANA (Reuters) – Vkusno & tochka, the Russian successor brand to McDonald’s, has applied to have its trademarks registered in neighbouring Kazakhstan following the U.S. company’s exit from its market, …

  • Business News

    India’s Russian oil binge drags down OPEC’s share to lowest in 2022

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

    By Nidhi Verma NEW DELHI (Reuters) – Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchases, dragging down OPEC’s share to the …

  • Business News

    BTG, Bradesco among most exposed to Brazilian retailer Americanas

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

    By Tatiana Bautzer and Gabriel Araujo SAO PAULO (Reuters) – Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA, analysts’ estimates …

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