Top News & Analysis New Jersey

  • *MSCI global stocks index hits six-week high, Wall Street rises. NEW YORK, June 19- A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. "I think its right in line with market expectations, puts a July cut in play, said Brett Ewing, chief market strategist at First Franklin Financial Services in Tallahassee,...

  • Thinking of relocating to Nevada for its income tax-free environment? Chances are your home state's auditors won't let you go quietly. Here are five things that will keep you from making a clean break.

  • WASHINGTON, June 12- Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an e-commerce start-up it acquired in 2016 for $3.3 billion, as the world's largest retailer competes with Amazon and tries to grow its online revenue. The current president of Jet.com, Simon Belsham, will leave in early August. In 2016, Jet forecast revenue of $1 billion and...

  • WASHINGTON, June 12- Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an e-commerce start-up it acquired in 2016 for $3.3 billion, as the world's largest retailer competes with Amazon and tries to grow its online revenue. The current president of Jet.com, Simon Belsham, will leave in early August. In 2016, Jet forecast revenue of $1 billion and...

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  • *Trump calls off tariffs as Mexico vows to tighten borders. Mexico agreed to step up efforts to stem the flow of illegal Central American migrants, after U.S. U.S. automakers, which have long built vehicles in Mexico, rose in premarket trading, with General Motors Co gaining 2.2% and Ford Motor Co 1.7%.

  • *Bloomberg reports U.S. weighing delay imposing tariffs on Mexico. After the closing bell, a White House spokeswoman said the Monday deadline for tariffs on Mexico has not changed, and U.S. Vice President Mike Pence said Mexico has to take decisive action on immigration to avoid tariffs.

  • *Trump to decide on $300 bln China tariffs after G20 summit. New York June 6- Wall Street's main indexes added to gains in a choppy session on Thursday, as investors showed some optimism on trade after Bloomberg reported that the United States is considering delaying imposing tariffs on Mexican imports. But Quincy Krosby, chief market strategist at Prudential...

  • NEW YORK, June 6- Shares of consumer staples companies are commonly seen as a safe harbor among U.S. equities but may be more susceptible to the fallout from tensions between the United States and its trading partners than other defensive sectors such as utilities and real estate. President Donald Trump stated he intended to hike tariffs on goods from China.

  • NEW YORK, June 5- U.S. prosecutors said on Wednesday the former chief executive of Longfin Corp has been indicted for engineering an accounting fraud that inflated the revenue of the now-defunct cryptocurrency company by more than $66 million. Attorney Craig Carpenito in New Jersey said the more than $66 million of revenue should never have been recognized,...

  • With growing talk of a recession, many states may not be prepared for a downturn, which could mean more tax hikes. Senator Evan Bayh (D-Ind.) and former U.S. Senator Jim DeMint join "Squawk Box" to discuss.

  • Amid growing talk of a recession, many states may not be prepared for a downturn, which could mean more tax hikes. CNBC's Robert Frank reports.

  • CHICAGO, June 4- Illinois avoided deterioration in one of its low investment-grade credit ratings on Tuesday when Moody's Investors Service affirmed the state at Baa3 with a stable outlook, citing recent steps taken to shore up the state's shaky finances. The rating, which affects about $30.2 billion of outstanding debt, remains the lowest among U.S. states at a...

  • In Jersey City, you might be squeezed into less than 400 square feet.

  • NEW YORK, May 31- Martin Shkreli, the pharmaceutical entrepreneur serving a seven-year prison term for fraud, on Friday sued three former colleagues at Retrophin Inc for more than $30 million, saying they illegally ousted him from that company in 2014.. In a complaint filed in Manhattan federal court, Shkreli said Stephen Aselage, Margaret Valeur-Jensen and...

  • CAPE TOWN, May 31- Cape Town plans to add routes to Australia and South America after last month reaching a deal with United Airlines for its first direct flight to the United States, the head of air access for South Africa's top tourist city said. Travel and tourism contributed around 426 billion rand, just under 9 percent of GDP, to South Africa's economy in 2018,...

  • Oklahoma Attorney General Mike Hunter, who filed the multibillion-dollar case, argued in a state court in the city of Norman that J&J should be forced to pay for helping cause the "worst manmade public health crisis in our state's history." The non-jury trial came after Oklahoma resolved claims against OxyContin maker Purdue Pharma LP in March for $270 million...

  • NORMAN, Okla., May 28- The state of Oklahoma accused Johnson& Johnson on Tuesday of using deceptive marketing to create an oversupply of addictive painkillers that fueled the U.S. opioid epidemic, at the start of the first trial in lawsuits over the drug abuse crisis. Brad Beckworth, a lawyer for the state, said J&J, along with OxyContin maker Purdue Pharma LP and Teva...

  • CNBC's "Squawk Alley" team talks about legislation that would legalize cannabis and what that means for cannabis companies with Vivien Azer, Cowen's senior cannabis and beverage sector analyst.

  • Rep. Josh Gottheimer, Co-Chair, Problem Solvers Caucus (D- NJ).

    Rep. Josh Gottheimer (D-N.J.) joins "Squawk Box" to discuss the plans to help New Jersey's economy flourish and grow.