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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Asian tourism-focused businesses ready for China rebound as border reopens

    by Reuters January 10, 2023
    by Reuters January 10, 2023

    By Minwoo Park, Chris Gallagher and Jira[censored] Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border …

  • Business News

    New Jersey, Ohio join other states in banning TikTok from state devices

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By David Shepardson WASHINGTON (Reuters) – New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video app TikTok on government-owned and …

  • Business News

    China state media warn of two-way volatility for yuan in 2023

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    SHANGHAI (Reuters) – Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday …

  • Business NewsChicago NewsConservative TimesGovernment NewsIllinois NewsOMG!Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World NewsWeird and Strange News

    Chicago Suburb’s Plan To Fund Reparations Through Marijuana Sales Tax Backfires

    by The Daily Caller January 9, 2023
    by The Daily Caller January 9, 2023

    Chicago Suburb’s Plan To Fund Reparations Through Marijuana Sales Tax Backfires Laurel Duggan on January 9, 2023 Evanston, Illinois, a Chicago suburb, attempted to fund its racial reparations program through …

  • Business News

    China creates 12.06 million new urban jobs in 2022 – state media

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    BEIJING (Reuters) – China created 12.06 million new urban jobs in 2022, achieving the government’s annual target despite the COVID hit to economic growth, state media Xinhua reported late Monday, …

  • Business News

    India’s inflation likely remained steady at 5.90% in December: Reuters poll

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Madhumita VikramGokhale BENGALURU (Reuters) – India’s retail inflation held steady in December, staying within the Reserve Bank of India’s comfort zone for a second month as a moderation in …

  • Business News

    Consumer inflation in Japan’s capital exceeds BOJ target for 7th month

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose a faster-than-expected 4.0% in December from a year …

  • Business News

    UK jobs market softens again in December – REC

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    LONDON (Reuters) – Britain’s labour market cooled further in December, according to a survey of recruiters published on Tuesday that may ease some of the Bank of England’s concerns about …

  • Business News

    Apple to replace key Broadcom chip with in-house design – Bloomberg News

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    (Reuters) -Apple Inc plans to replace a Broadcom Inc chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. …

  • Business News

    Bentley cruises to record sales in 2022 despite China drop

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong demand offsetting a 9% drop in China caused by coronavirus-related …

  • Business News

    S&P 500 near flat as investors weigh chances of less aggressive rate hikes

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive …

  • Business News

    Japan Nov household spending unexpectedly falls 1.2% year/year

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    TOKYO (Reuters) – Japanese household spending fell 1.2% in November from a year earlier, government data showed on Tuesday, versus a median market forecast for a 0.5% gain. On a …

  • Business News

    Jefferies profit slides as Wall Street dealmaking falters

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    (Reuters) -Investment bank Jefferies Financial Group reported a 52.5% decline in fourth-quarter profit on Monday, hit by lower underwriting fees and volatile markets that dented income from its trading desks. …

  • Business News

    South Korea’s Nov current account turns to deficit from surplus in Oct

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    SEOUL (Reuters) – South Korea had its third month of current account deficit in 2022 in November, mainly hit by still high import costs of energy at a time of …

  • Business News

    Hedge funds in 2022 post worst performance since 2018, dragged down by equities -HFR data

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Carolina Mandl NEW YORK (Reuters) – Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets …

  • Business News

    BMW teases a talking car that shifts colors like a chameleon

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Joseph White LAS VEGAS (Reuters) – BMW AG has unveiled a prototype for a car that talks like a human being, changes colors to suit the driver’s mood and …

  • Business News

    Capricorn ready to add Palliser nominees to board

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Shadia Nasralla LONDON (Reuters) -Capricorn Energy said on Monday it was ready to add “a number” of people put forward by activist investor Palliser to its board while it …

  • Business News

    S&P downgrades Southwest Airlines outlook, expects weaker FFO

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    (Reuters) -Global ratings agency S&P Global lowered Southwest Airlines Co’s outlook to stable from positive, saying it expects the airline to generate weaker funds from operations (FFO) through 2023 amid …

  • Business News

    ‘Extensive’ Tesla Autopilot probe proceeding ‘really fast’ -U.S. official

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By David Shepardson WASHINGTON (Reuters) -The acting head of the National Highway Traffic Safety Administration (NHTSA) told reporters on Monday that the regulatory agency is “working really fast” on the …

  • Business News

    UK becoming less attractive for investment, manufacturers warn

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Andy Bruce LONDON (Reuters) – Britain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said …

  • Business News

    Southwest Airlines reshuffles senior management roles

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    (Reuters) – Southwest Airlines Co said on Monday it made leadership changes across several departments in a bid to strengthen operations amid a recent technology meltdown that forced the carrier …

  • Business News

    Equities, bonds ETFs drew in near-record amounts of cash in 2022: BlackRock

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Lucy Raitano LONDON (Reuters) – Investors ploughed $867 billion into ETPs (exchange-traded products) in 2022, the second biggest inflow after 2021’s record $1.29 trillion, despite a hugely volatile market …

  • Business News

    Goldman Sachs readies biggest layoffs since the financial crisis

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Saeed Azhar and Scott Murdoch (Reuters) -Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it …

  • Business News

    Bed, Bath & Beyond rebounds in meme-stock rally

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Stephen Culp NEW YORK (Reuters) – Shares of Bed, Bath & Beyond Inc rebounded sharply in high volume trading on Monday amid speculation by retail investors that the struggling …

  • Business News

    TSX hits 4-week high as investors eye ‘beaten-down’ sectors

    by Reuters January 9, 2023
    by Reuters January 9, 2023

    By Fergal Smith TORONTO (Reuters) – Canada’s main stock index rose on Monday to its highest closing level in nearly four weeks as investors snapped up stocks in some of …

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