State New Jersey Financial News

Atlantic City’s casinos were less profitable in 2023 than they were a year earlier, even with help from the state’s booming online gambling market

For three years, many Atlantic City casino workers have been trying to get their elected officials to ban smoking in the gambling halls, to no avail

An advisor with 20 years of financial services experience and a focus on real estate assets in client portfolios is the newest wealth manager at Savvy Advisors.

Wipro on Monday fell around 1% to the day's low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major's CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition could create uncertainty in the near term before boosting hopes of a potential turnaround. Among global brokerages, CITI has a sell rating on Wipro with a target price of Rs 440, CLSA Rs 445 with a sell rating, and Morgan Stanley Rs 450 with an underweight call. Jefferies has an underperform rating on Wipro with a target price of Rs 470 while Nomura has maintained a reduced rating with an unchanged target price of Rs 410.

Wipro Limited on Saturday announced Srinivas Pallia as its Chief Executive Officer and Managing Director, effective immediately, according to the exchange filing on BSE. Pallia will succeed Wipro's former CEO Thierry Delaporte, who stepped down from the post after four years “to pursue passions outside the workplace". Srinivas Pallia will be based in New Jersey and will report to Wipro's Chairman, Rishad Premji.

A new ETF is trying to capture profits in the municipal funds space.

earthquake on April 5, measuring 4.8 magnitude on the Richter scale, followed by an aftershock, as per a Reuters report. "If there is an aftershock, people are encouraged to drop and cover and to hold, drop to the floor, cover your neck, and hold onto something that is sturdy," New York Governor Kathy Hochul stated, as quoted by CNN. Hochul further advised residents to exercise caution, especially around buildings, particularly high rises.

New Jersey at 17.59 local time on Friday. The quake was at a depth of 9 kilometres, according to the European Mediterranean Seismological Centre (EMSC). In a post on X (formerly Twitter), Governor of New Jersey, Phil Murphy wrote, “New Jersey just experienced an aftershock.

Reuters. "If there is an aftershock, people are encouraged to drop and cover and to hold, drop to the floor, cover your neck, and hold onto something that is sturdy," CNN quoted Kathy Hochul as saying, requesting New Yorkers to take caution around the building, especially high rises if there are any aftershocks. Hochul added, "If you hear shifting or any noises, unusual noises, leave your home, go outside." Apart from this, she urged New Yorkers to inspect their homes for damage which included checking all walls, doors, floors, and windows and inspecting waterlines and gas lines. ALSO READ: New York earthquake: FAA holds flights for city airports till noon, warns passengers of 30-40 minutes delay However, New York City Emergency Management Commissioner Zachary Iscol said that there is a low likelihood of aftershocks.

Reuters as saying. The earthquake centred near Whitehouse Station, was reportedly the third largest in the last 50 years and the 10th-strongest of all time in the Northeast. According to the data cited by CNN, the largest earthquake of 5.3 magnitude quake took place in Au Sable Forks, New York, in 2002.

New York earthquake: After the strongest earthquake in 140 years rattled New York on Friday, the Federal Aviation Administration (FAA) said the 4.8 magnitude earthquake may impact air traffic in several areas. The aviation agency also put a pause on flights for the city till noon, while warning passengers of 30-40 minutes delay in New York flights. "A 4.8 magnitude earthquake in New Jersey may impact some air traffic facilities in New York, New Jersey, Philadelphia and Baltimore.

earthquake was reported around 10:23 AM and was centered near Lebanon, New Jersey, or about 45 miles west of New York City. The authorities said that at least 42 million people were affected by the earthquake, but no damages to lives and properties were reported. “The quake's epicenter was in Tewksbury in central New Jersey, about 40 miles (64 kilometers) west of New York City.

The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years

The Port of Virginia, with terminals at the mouth of the Chesapeake Bay near Norfolk, is opening a gate Monday at 5 a.m. — an hour earlier than usual — to help accommodate more truckers. The Port of New York and New Jersey, which is expecting additional cargo including autos, is working to allow quick access for transport companies that usually go through Baltimore. A major railroad is expanding its services, too. Fallout from last week’s deadly bridge collapse, which indefinitely closed the nation’s 17th-largest port by total cargo tonnage and the busiest gateway for vehicles, is expected to be largely contained as neighboring facilities with spare capacity tweak their schedules. Snarls, delays and added costs are more likely to appear outside ports as tens of thousands of shipments require longer routes on already-crowded roadways and rail lines.

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act.

LPL Financial is broadening its East Coast presence yet again as it onboards a New Jersey advisor trio from Wells Fargo. The firm announced the addition of Erick Simonds, Eugene Sninski II, and Lisa Sninski, as they bring Windward Wealth Advisors to the firm’s broker-dealer and custodial platforms.

A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming

Mega Millions drawing on Tuesday night has finally got its jackpot winner as a player in New Jersey jurisdiction managed to match all the six numbers to fetch whopping amount of $1.13 billion. Following the recent historic win, Mega Millions current jackpot is with a base amount of $20 million, accompanied by a cash option of $9.5 million, as per a report in USA Today. March 26 drawing winning numbers were 7, 11, 22, 29 and 38. While the Megaplier was 2X, the Mega Ball was 4, as per USA Today report.

₹9,166-crore) Mega Millions jackpot, as per The Spectator Index. This is one of the biggest wins in the history of the lottery contest. The winning candidate, as reported by USA Today, had the option to take home $537.5 million ( ₹4,478 crore) in cash.

The containership crash that downed a Baltimore bridge Tuesday stands to snarl shipping along the East Coast for months. Officials say the bridge collapse could affect port operations for a long time, forcing other ports in the region to take on extra shipments. Companies that transport cars and coal, two of the important categories of cargo that run through Baltimore, already are looking for alternative destinations.

As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., and lumber and gypsum are threatened with disruption after the container ship Dali slammed into and brought down Baltimore’s Francis Scott Key Bridge in the early hours of Tuesday.