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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    US government shutdown would delay release of key economic data, official says

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Lucia Mutikani WASHINGTON (Reuters) – The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should …

  • Business News

    Pfizer restarts production at tornado-hit North Carolina plant

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – Pfizer said on Monday it has restarted majority of the production lines at its tornado-hit North Carolina plant, but warned that supply of some drugs from the facility …

  • Business News

    ECB’s Lagarde bets that rates held at record high will curb inflation

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    FRANKFURT (Reuters) – The European Central Bank’s record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said on Monday, repeating the bank’s guidance that neither …

  • Business News

    Aviva to buy AIG’s UK life insurance business for $563 million

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Iain Withers LONDON (Reuters) – Aviva said on Monday it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the …

  • Business News

    Inverted U.S. yields lure investors into short-term bonds

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Patturaja Murugaboopathy (Reuters) – Short-term U.S. government bonds have attracted bigger investment flows this year than longer-term paper, an unusual pattern engendered by the inverted yield curve and the …

  • Business News

    Analysis-Inflation, budget risks await Polish vote winner

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Karl Badohal, Pawel Florkiewicz and Gergely Szakacs WARSAW (Reuters) – Less than three weeks ahead of Poland’s hotly contested general election, Warsaw pensioner Jadwiga Buczek is feeling better about …

  • Business News

    Chipmaker GlobalFoundries seeks funding under CHIPS Act

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities. The CHIPS …

  • Business News

    Russian rouble firms against euro, steady vs dollar

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – The rouble firmed against the euro on Monday while trading little changed against the dollar, in a week when companies’ need for roubles to settle end-of-month tax payments …

  • Business News

    Germany unveils measures to prop up ailing construction industry

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Maria Martinez and Riham Alkousaa BERLIN (Reuters) -The German government said on Monday it was shelving proposed building regulations as part of a 45-billion euro ($47 billion) relief package …

  • Business News

    Analysis-Oil price rally set to falter as demand doubts loom

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Robert Harvey and Natalie Grover LONDON (Reuters) – Oil prices may be near $100 a barrel, but a range of factors could prevent a sustained rally above that level, …

  • Business News

    Airbus picks sales chief Scherer to run jetmaking arm -sources

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Tim Hepher PARIS (Reuters) -Airbus is appointing sales chief Christian Scherer as head of its core planemaking business in its biggest management revamp for years, as it juggles supply …

  • Business News

    Huawei disappoints viewers by not discussing Mate 60 phones at product launch

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Yelin Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) -Huawei Technologies on Monday showcased a series of new products from a gold smartwatch to a smart car but disappointed viewers by …

  • Business News

    OpenAI’s ChatGPT will ‘see, hear and speak’ in major update

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – OpenAI’s ChatGPT is getting a major update that will enable the viral chatbot to have voice conversations with users and interact using images, moving it closer to popular …

  • Business News

    Mercedes applies for tax relief for projects at two U.S. plants

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    BERLIN (Reuters) – German carmaker Mercedes-Benz has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act (IRA), a company spokesperson said …

  • Business News

    Spotify tests voice translation feature for podcasts

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – Spotify Technology is testing an AI-powered feature that will translate podcasts from the likes of Dax Shepard and Lex Fridman to other languages, the audio-streaming company said on …

  • Business News

    Larger Italian banks still seen paying one-off tax despite opt-out offer

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Valentina Za MILAN (Reuters) – Italy’s larger banks are still expected to pay a one-off banking tax despite the government at the weekend offering lenders a way out in …

  • Breaking NewsBusiness NewsCommunity NewsMonmouth County NewsNew Jersey News

    Marmara Mediterranean Cuisine Opens at Freehold Raceway Mall

    by Jessica Woods September 25, 2023
    by Jessica Woods September 25, 2023

    FREEHOLD, NJ – Marmara Mediterranean Cuisine will celebrate its grand opening at Freehold Raceway Mall on Thursday, September 28, at 5 PM with a ribbon-cutting ceremony. The restaurant covers 5,800 …

  • Business News

    Fed’s Goolsbee: High inflation remains the “bigger risk” to the economy

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Howard Schneider WASHINGTON (Reuters) – Inflation staying stuck above the Fed’s 2% target remains a greater risk than tight central bank policy slowing the economy more than needed to …

  • Business News

    Air Canada to buy 18 Boeing 787 jets

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – Air Canada said on Monday it had signed an agreement with Boeing to buy 18 widebody 787 Dreamliner jets, as the carrier looks to capitalize on strong travel …

  • Business News

    Brazil, Mexico, India in good position to attract capital, says Haddad

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    SAO PAULO (Reuters) – Brazil, Mexico and India are some of the countries currently standing in a good position to attract investments, Brazilian Finance Minister Fernando Haddad said on Monday, …

  • Business News

    Sterling hits fresh multi-month lows on dollar and euro

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Alun John LONDON (Reuters) – The pound dipped to its lowest in six months against the dollar and its weakest in four months against the euro on Monday, as …

  • Business News

    Spain may extend or introduce measures to alleviate inflation hit by year-end

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    MADRID (Reuters) – Spain’s government could extend some of the measures that were introduced to alleviate the impact of inflation or even implement new ones, if needed, by the end …

  • Business News

    German business sentiment worsens in September -Ifo

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Maria Martinez BERLIN (Reuters) -German business morale deteriorated slightly in September, falling for the fifth month in a row and underlining recession fears in the euro zone’s largest economy, …

  • Business News

    Japan to compile economic package to ease inflation pain

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Satoshi Sugiyama and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s Prime Minister Fumio Kishida unveiled on Monday the pillars of a new economic stimulus package to be compiled next month to …

  • Business News

    SNB done with rate hikes, end-2024 level a mystery: Reuters poll

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Jonathan Cable LONDON (Reuters) – The Swiss National Bank is done with interest rate hikes, according to the vast majority of economists polled by Reuters, despite mooting the prospect …

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