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Financial

Analysis-Some investors see Powell’s hawkish lean as response to looser financial conditions

November 10, 2023November 10, 2023
Analysis-some investors see powell's hawkish lean as response to looser financial conditions - photo licensed by shore news network.

By Davide Barbuscia and David Randall (Reuters) – A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, …

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A Grim Outlook as Holiday Gift-Giving Cuts Anticipated in New Jersey Over Financial Woes

November 9, 2023
A grim outlook as holiday gift-giving cuts anticipated in new jersey over financial woes - photo licensed by shore news network.

TRENTON, NJ — As the holiday season approaches, New Jersey residents face financial challenges amid rising inflation, prompting changes in traditional gift-giving practices. A survey …

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Fed’s Logan: watching if financial conditions tight enough

November 7, 2023
Fed's logan: watching if financial conditions tight enough - photo licensed by shore news network.

By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed’s policy rate on hold last …

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Financial Woes Linked to Widespread Sleep Deprivation in New Jersey

November 6, 2023
Financial woes linked to widespread sleep deprivation in new jersey - photo licensed by shore news network.

TRENTON, NJ — A new study indicates that financial concerns significantly impact sleep for adults in New Jersey, with an estimated 1.9 million individuals reporting …

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GOP Concerned Over Financial Fall Out in Murphy’s Failed Wind Energy Projects

November 1, 2023
Gop concerned over financial fall out in murphy's failed wind energy projects - photo licensed by shore news network.

TRENTON, NJ – Assembly Republicans are calling on Governor Phil Murphy to disclose the amount of taxpayer money spent on now-defunct offshore wind projects by …

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Ameriprise Financial profit rises as AUM, client assets climb

October 25, 2023October 25, 2023
Ameriprise financial profit rises as aum, client assets climb - photo licensed by shore news network.

(Reuters) – Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its …

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US ‘frankly raised’ disagreements with China at first financial working group meeting

October 25, 2023October 25, 2023
Us 'frankly raised' disagreements with china at first financial working group meeting - photo licensed by shore news network.

(Reuters) – U.S. officials “frankly raised areas of disagreement” with China at the first meeting of a new financial working group, where financial stability, supervision …

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Goldman names Kamo as global head of dealmaking for financial sponsors

October 24, 2023October 24, 2023
Goldman names kamo as global head of dealmaking for financial sponsors - photo licensed by shore news network.

By David French (Reuters) – Goldman Sachs Group Inc has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its …

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Inflation, commercial real estate among top financial stability concerns -Fed survey

October 20, 2023
Inflation, commercial real estate among top financial stability concerns -fed survey - photo licensed by shore news network.

By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are …

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Disney to break out sports revenue in financial reports

October 18, 2023
Disney to break out sports revenue in financial reports - photo licensed by shore news network.

(Reuters) – Walt Disney will break out its sports programming revenue from the fourth quarter onwards following a restructuring of the company announced earlier this …

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Anti-Semitic Incident in Newark Raises Call for Financial Transparency in New Jersey

October 13, 2023
Anti-semitic incident in newark raises call for financial transparency in new jersey - photo licensed by shore news network.

NEWARK, NJ – After a Newark event featuring speakers identified as anti-Semitic by the Anti-Defamation League, Assemblywoman Aura Dunn is advocating for greater budget transparency …

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NZ’s Auckland Airport financial chief resigns

October 12, 2023

(Reuters) – New Zealand’s Auckland International Airport said on Friday Chief Financial Officer Phil Neutze had resigned, after over a decade-long stint with the country’s …

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Wells Fargo rolls out financial planning tool to almost 70 million customers

October 12, 2023October 12, 2023
Wells fargo rolls out financial planning tool to almost 70 million customers - photo licensed by shore news network.

By Nupur Anand NEW YORK (Reuters) – Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially …

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Industries That Once Powered New Jersey’s Financial Growth Are Now Relics of the Past

October 10, 2023
Industries that once powered new jersey's financial growth are now relics of the past - photo licensed by shore news network.

New Jersey, often called the “Garden State,” has a rich industrial history that has undergone significant transformations over the years. While the state is known …

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Phil Murphy’s Clean Energy Agenda Gets Major Financial Boost from Federal Tax Dollars

October 10, 2023

TRENTON, NJ – New Jersey Governor Phil Murphy is aiming for a carbon-free electrical grid and a total ban on the sale of gasoline-powered consumer …

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Clorox shares touch more than 5-year low on financial hit from cyber attack

October 5, 2023October 5, 2023
Clorox shares touch more than 5-year low on financial hit from cyber attack - photo licensed by shore news network.

(Reuters) – Shares in Clorox were down 8.1% on Thursday, after hitting their lowest level since May 2018, after the cleaning supplies company’s warned that …

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Supreme Court To Hear Case That Could Be The Undoing Of Major Financial Regulator

October 3, 2023

Supreme Court To Hear Case That Could Be The Undoing Of Major Financial Regulator Katelynn Richardson on October 2, 2023 The Supreme Court will hear …

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Ally Financial to lay off nearly 5% of staff

October 2, 2023October 2, 2023
Ally financial to lay off nearly 5% of staff - photo licensed by shore news network.

(Reuters) – Ally Financial said on Monday job cuts in various divisions of the digital banking firm will affect nearly 5% of its workforce. Spooked …

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Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance

October 2, 2023October 2, 2023
Discover financial jumps 7% after agreeing with fdic to improve consumer compliance - photo licensed by shore news network.

(Reuters) – Shares of Discover Financial Services climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as …

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New York remains top financial centre, London clings to second place – survey

September 28, 2023
New york remains top financial centre, london clings to second place - survey - photo licensed by shore news network.

LONDON (Reuters) – New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a …

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US retailers’ financial losses jump as retail crime escalates – NRF

September 26, 2023September 26, 2023
Us retailers' financial losses jump as retail crime escalates - nrf - photo licensed by shore news network.

(Reuters) – Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a …

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South Korea to allow foreign financial firms to trade won onshore

September 25, 2023September 25, 2023
South korea to allow foreign financial firms to trade won onshore - photo licensed by shore news network.

SEOUL (Reuters) – South Korea said on Tuesday it will begin accepting applications starting Oct. 18 from foreign financial institutions for permits to participate in …

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US Treasury launches US-China economic, financial working groups

September 22, 2023September 22, 2023
Us treasury launches us-china economic, financial working groups - photo licensed by shore news network.

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic and …

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Britain must not damage financial sector resilience, says BoE’s Woods

September 19, 2023
Britain must not damage financial sector resilience, says boe's woods - photo licensed by shore news network.

By Huw Jones LONDON (Reuters) – Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a …

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Schenectady Police Warn of Officer Impersonation Scam for Financial Fraud

September 15, 2023
Schenectady police warn of officer impersonation scam for financial fraud - photo licensed by shore news network.

SCHENECTADY, NY – The Schenectady Police Department has issued a warning about a scam involving individuals impersonating police officers to defraud money. The scam has …

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SVB Financial nears deal to sell VC arm, Scaramucci leading bidder – WSJ

September 15, 2023
Svb financial nears deal to sell vc arm, scaramucci leading bidder - wsj - photo licensed by shore news network.

(Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid …

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Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis

September 15, 2023September 15, 2023
Sri lanka's economy shrank 3. 1% in q2 amid financial crisis - photo licensed by shore news network.

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw …

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US CFTC official pushes for national financial fraud database

September 11, 2023September 11, 2023
Us cftc official pushes for national financial fraud database - photo licensed by shore news network.

By Chris Prentice NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for …

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NY Fed poll finds mostly stable inflation views, more financial worries in August

September 11, 2023September 11, 2023
Ny fed poll finds mostly stable inflation views, more financial worries in august - photo licensed by shore news network.

By Michael S. Derby (Reuters) – Americans’ overall views on inflation were little changed in August, even as they predicted rising price increases for things …

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How Orsted’s Financial Woes Could Impact New Jersey’s 2035 Gas Car Ban

September 2, 2023
How orsted's financial woes could impact new jersey's 2035 gas car ban - photo licensed by shore news network.

How does the financial collapse of the wind farm operator affect Phil Murphy’s 2035 gas car ban? Orsted, the offshore wind energy company, appears ready …

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Financial Turmoil Temporarily Delays New Jersey Offshore Wind Farm

September 1, 2023
Financial turmoil temporarily delays new jersey offshore wind farm - photo licensed by shore news network.

Orsted, the Danish company seeking to build a massive wind farm off the coast of New Jersey has been dealt multiple financial blows this week. …

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More LGBTQ rights could help Asia financial hubs draw global talent

August 30, 2023
More lgbtq rights could help asia financial hubs draw global talent - photo licensed by shore news network.

By James Pomfret and Elaine Lies HONG KONG/TOKYO (Reuters) – In Hong Kong’s highest court, five judges are deliberating whether to recognise same-sex marriages conducted …

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Putin says financial market volatility has hampered investment

August 22, 2023August 22, 2023
Putin says financial market volatility has hampered investment - photo licensed by shore news network.

MOSCOW (Reuters) – Russian President Vladimir Putin on Tuesday said volatility on financial markets had hampered companies’ investment decisions and was something that needed to …

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US Senator Feinstein sues over financial abuse in husband’s estate

August 15, 2023
Us senator feinstein sues over financial abuse in husband's estate - photo licensed by shore news network.

By Kanishka Singh WASHINGTON (Reuters) – U.S. Democratic Senator Dianne Feinstein has filed a lawsuit alleging financial elder abuse and breach of trust by the …

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Discover Financial CEO Roger Hochschild steps down

August 14, 2023

(Reuters) – Digital banking firm Discover Financial Services said on Monday Roger Hochschild would step down as chief executive officer and a member of the …

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The Financial Viability of New Jersey’s Offshore Wind Energy Projects Possibly in Jeopardy

August 12, 2023
The financial viability of new jersey's offshore wind energy projects possibly in jeopardy - photo licensed by shore news network.

ATLANTIC CITY, NJ – The final nail in the coffin for offshore wind energy projects on the East Coast might be in danger by the …

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Gas Prices Spike in New Jersey, Causing Financial Pain for Commuters

August 7, 2023
Gas prices spike in new jersey, causing financial pain for commuters - photo licensed by shore news network.

TRENTON, NJ – The gas price in New Jersey and nationwide is up again. With prices edging close to $4 per gallon, the average price …

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Biden’s SEC Chair Says AI Technology Could Lead To Financial Collapse

August 7, 2023

Biden’s SEC Chair Says AI Technology Could Lead To Financial Collapse Jason Cohen on August 7, 2023 Securities and Exchange Commission (SEC) Chairman Gary Gensler …

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Wells Fargo hires Credit Suisse veteran as head of financial sponsors

August 7, 2023
Wells fargo hires credit suisse veteran as head of financial sponsors - photo licensed by shore news network.

(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, …

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Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources

August 4, 2023
Exclusive-china, saudi in talks for etf cross-listings to bolster financial ties-sources - photo licensed by shore news network.

By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to …

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Israel judicial plan, higher interest rates pose risk for financial system -regulator

August 2, 2023August 2, 2023
Israel judicial plan, higher interest rates pose risk for financial system -regulator - photo licensed by shore news network.

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible …

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American Financial Titans Are Straying From Green Investment Strategies As GOP Pushback Mounts, Report Finds

August 1, 2023

American Financial Titans Are Straying From Green Investment Strategies As GOP Pushback Mounts, Report Finds Nick Pope on August 1, 2023 Major U.S. asset managers …

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War comes to Russian business after drones strike Moscow’s financial centre

August 1, 2023
War comes to russian business after drones strike moscow's financial centre - photo licensed by shore news network.

By Alexander Marrow (Reuters) – Economic sanctions have been the biggest headache for Russia’s business elite since the start of the war in Ukraine, but …

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Yellow Corp financial woes not economy-wide issue -White House adviser

July 31, 2023
Yellow corp financial woes not economy-wide issue -white house adviser - photo licensed by shore news network.

WASHINGTON (Reuters) – White House economic adviser Jared Bernstein on Monday said the reported impending bankruptcy of cash-strapped U.S. trucking company Yellow Corp does not …

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Insurer CNA Financial misses profit estimates on higher catastrophe losses in P&C segment

July 31, 2023

(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher …

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UK financial watchdog urges NatWest chair to stay put

July 31, 2023July 31, 2023
Uk financial watchdog urges natwest chair to stay put - photo licensed by shore news network.

LONDON (Reuters) – The chairman of NatWest Howard Davies should remain in office to ensure stability for the bank, a senior official at Britain’s Financial …

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Prosecutor Warns Residents of Financial Scams Targeting the Elderly

July 27, 2023
Elderly man walking with a cane in a park

MORRIS COUNTY, NJ – On Sunday, June 25, the Morris County Prosecutor’s Office issued a public service announcement concerning elder financial abuse and fraud prevention. …

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Top NJ Senate Staffer Sentenced in Financial Campaign Scam

July 26, 2023
Top nj senate staffer sentenced in financial campaign scam - photo licensed by shore news network.

NEWARK, N.J. – Antonio Teixeira, a 44-year-old resident of Elizabeth, New Jersey, and former staff member in the New Jersey Senate, was sentenced on Tuesday …

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Florida Teachers Unions Suffer Financial Blow Thanks To New Paycheck Laws

July 25, 2023

Florida Teachers Unions Suffer Financial Blow Thanks To New Paycheck Laws Reagan Reese on July 25, 2023 Several teachers unions are seeing a decrease in …

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Japan’s top financial diplomat signals chance of BOJ policy tweaks

July 21, 2023July 21, 2023
Japan's top financial diplomat signals chance of boj policy tweaks - photo licensed by shore news network.

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its …

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