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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Marketmind: If the yield cap fits..

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Fourth-quarter GDP growth tops a list of key Chinese indicators, while interest rate …

  • Business News

    Germany falls to bottom rung of investment ranking on energy costs, labour shortage

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    (Reuters) – Germany’s attractiveness as an investment location has fallen four places to 18th of 21 in a ranking of industrial economies by economic research institute ZEW, newspaper Augsburger Allgemeine …

  • Business News

    Peru’s economy grows 1.68% year-on-year in November

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    LIMA (Reuters) – Peru’s economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI) said on Sunday, marking a slight slowdown from …

  • Business News

    Is Canadian inflation on a sustainable path to 2%? Essentials offer clues

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Fergal Smith TORONTO (Reuters) – As Canadian inflation slows, the cost of essentials, such as food and rent, offers pointers as to whether it will return sustainably to the …

  • Business News

    UAE pledges to invest $30 billion in South Korea -Yoon’s office

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    SEOUL (Reuters) – The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea’s industries, South Korea’s presidential office said on Sunday, as the two countries seek …

  • Business News

    Dubai property price rises seen slowing further in 2023 – Betterhomes

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Yousef Saba DUBAI (Reuters) – Residential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than …

  • Business News

    Key Israel business group seeks steep cut in food tax

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Steven Scheer JERUSALEM (Reuters) – Israel’s Manufacturers’ Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and …

  • Business News

    Saudi inflation edges up to 3.3% in December

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    DUBAI (Reuters) – Saudi Arabia’s annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on Sunday, with price rises again driven mainly by …

  • Business News

    Bitcoin rises 5.6% to $21,044

    by Reuters January 14, 2023
    by Reuters January 14, 2023

    (Reuters) – Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 27.6% from the …

  • Business News

    Credit Suisse set to cut 10% of European investment bankers -FT

    by Reuters January 14, 2023
    by Reuters January 14, 2023

    (Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people …

  • Breaking NewsBusiness NewsHealth and WellnessTop 10 Lists

    5 ways to minimize impact of inflation on your family

    by Jessica Woods January 12, 2023
    by Jessica Woods January 12, 2023

    Inflation affects all of us, but it can be especially hard on families. With so many expenses and bills to pay, it’s easy to feel overwhelmed when prices continue to …

  • Breaking NewsBusiness NewsNew Jersey News

    New Jersey based Barter Saves continues growth with the acquisition of Florida barter group

    by Your News January 12, 2023
    by Your News January 12, 2023

    BarterSaves, New Jersey’s largest independently-owned Barter Exchange has gotten even bigger. On January 9, the company acquired BarterFirst International based out of Florida, serving businesses in Orlando and the surrounding …

  • Breaking NewsBusiness NewsNew Jersey News

    New Jersey shipping company admits employee overbilled U.S. government for military freight

    by Charlie Dwyer January 12, 2023
    by Charlie Dwyer January 12, 2023

    A New Jersey shipping company based out of Edison, New Jersey has agreed to pay $1.89 million to settle allegations that it overbilled the United States for freight services that …

  • Business News

    S&P 500, Dow Jones open higher after December inflation data

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    (Reuters) – The S&P 500 and the Dow Jones opened higher on Thursday after further evidence of cooling inflation boosted bets that the Federal Reserve will slow the pace of …

  • Business News

    Tata considers India, Europe for EV cell manufacturing plants

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    By Aditi Shah GREATER NOIDA, India (Reuters) – Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial …

  • Business News

    Google, Porsche in talks over Google Apps access

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    BERLIN (Reuters) -Porsche is considering fully integrating Google software into its car cockpit, a source close to the company said on Thursday, marking a shift in strategy for the newly …

  • Business News

    Ericsson’s provision for U.S. probe hints of smaller fine, shares jump

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    STOCKHOLM (Reuters) – Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision for an expected fine from the U.S. justice department over the company’s …

  • Business News

    Fed seen near certain to switch to smaller rate hikes as inflation slows

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    (Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop raising rates short of 5%, …

  • Business News

    Instant View: U.S. consumer prices fall in December

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    NEW YORK (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that …

  • Business News

    Tesla nears deal to build production facilities in Indonesia -Bloomberg News

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    (Reuters) – Tesla Inc is nearing a preliminary deal to build production facilities in Indonesia with a capacity of one million units, Bloomberg News reported on Wednesday, citing unidentified people …

  • Business News

    Indonesia says investment talks with Tesla still ongoing

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    By Bernadette Christina JAKARTA (Reuters) – Negotiations between Indonesia and Tesla are still ongoing, a senior minister said on Thursday, following a report that the U.S. automaker is nearing a …

  • Business News

    Euro hits 7-month high, European shares briefly drop after U.S. CPI

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    LONDON (Reuters) – The euro hit a seven-month high, European government bond yields briefly trimmed falls and European shares dipped after data showed an easing in U.S. inflation in December. …

  • Business News

    Fed’s Harker ready to downshift to 25 basis-point interest rate hikes

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool …

  • Business News

    U.S. consumer prices fall in December; weekly jobless claims edge down

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    WASHINGTON (Reuters) – U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation …

  • Business News

    FAA has struggled to modernize computer, air traffic operations

    by Reuters January 12, 2023
    by Reuters January 12, 2023

    By David Shepardson WASHINGTON (Reuters) -The breakdown of a key computer system, which resulted in the suspension of U.S. flight departures on Wednesday, is not the first such issue to …

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