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New Jersey Chamber Insider
Business News, Advice and Trends
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Content Curated By Scott Goldstein
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- February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy.
- President Trump says Canada and Mexico tariffs are 'going forward' with more import taxes to come.
- Gov. Murphy’s budget address is set for 3 p.m. Here's how to watch.
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February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday. The board’s Consumer Confidence Index slipped to 98.3 for the month, down 7 points and below the Dow Jones forecast for 102.3. This was the lowest reading since June 2024 and the largest monthly drop since August 2021. (CNBC)
President Trump says Canada and Mexico tariffs are 'going forward' with more import taxes to come
President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation. "We’re on time with the tariffs, and it seems like that’s moving along very rapidly," the president said. The president also stressed more broadly that his intended "reciprocal" tariffs were on schedule to begin as soon as April. (The Associated Press)
Gov. Murphy’s 2026 budget address is set for 3 p.m. Here's how to watch.
Gov. Phil Murphy is set to deliver his Fiscal Year 2026 Budget Address at 3 p.m. today, in the Assembly Chamber of the State House. The proposed budget is expected to include substantial spending cuts, eliminating most one-time appropriations from the previous fiscal year and significantly reducing discretionary and non-competitive grants. This is Muphy’s final budget before he leaves office in less than a year. Watch it here. (ROI-NJ)
(Subscription may be required to open this article)
Hoboken PATH station set to reopen following $31 Million overhaul
PATH commuters got the news Monday they’ve waited almost a month to hear – the Hoboken station is reopening. The Hoboken PATH station will reopen on time at 5 a.m. Tuesday after a massive rehabilitation project that closed the facility for 26 days, Port Authority of New York and New Jersey officials said. The station underwent a marathon project that replaced tracks, rebuilt stairs and platforms, and installed a new system that allows trains to switch tracks. (nj.com)
Six ways to empower employees in the workplace
Empowered employees are more creative, resourceful, and happy at work. Here are six strategies for empowering your employees. (U.S. Chamber of Commerce)
MARCH 19 – Panel discussion with gubernatorial candidates: The future for small & diverse businesses in New Jersey
The New Jersey Diverse Business Advisory Council is presenting a panel with gubernatorial candidates from noon to 2 p.m. on March 19 at NJIT. The candidates will discuss the state’s disparity study and the way forward for small and diverse businesses in New Jersey. Free registration here.
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Cornerstone NJ Member News
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Cooper, Inspira cardiac care team members celebrate 1,000th surgery
New Jersey American Water announced its 2024 end-of-year investments in system improvements totaled more than $520 million in water and wastewater system upgrades throughout its service areas. (ROI-NJ)
Feb. 27: Rowan University conference on Meeting New Jersey’s Energy Needs: Clean Energy, Supply and Demand
New Jersey energy CEOs, New Jersey Economic Development Authority CEO Tim Sullivan, and Board of Public Utilities President Christine Guhl-Sadovy will be among the speakers at the Sweeney Center for Public Policy’s energy conference "Meeting New Jersey’s Energy Needs: Clean Energy, Supply and Demand," at Rowan University this Thursday, Feb. 27, from 8:30 a.m. to 1:30 p.m. Register here for this free event. (Rowan University)
March 4: Winter symposium on economic development in "land-constrained" NJ, presented by Rutgers and Sills Cummis & Gross
"New Jersey at a Crossroads: How and Where Do We Grow from Here" will be held March 4 from 8:30 a.m. to 1:45 p.m. in New Brunswick, presented by the Rutgers Business School Center for Real Estate in conjunction with Sills Cummis & Gross. Industry experts will discuss how our land-constrained state can retain and attract residents and businesses while modernizing transportation and utility infrastructure, addressing housing affordability, recognizing climate change, and reconciling regional planning and home rule. Register here. (Sills Cummis & Gross P.C.)
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Cornerstone NJ is a membership program of the New Jersey Chamber of Commerce.
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BUSINESS MADE EASIER
Do business with fellow N.J. Chamber members — you can find them in our online directory.
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March 19 – The Future of Work: Navigating Automation and Upskilling Your Workforce (Virtual Event)
Free Virtual Event, 9 a.m. to 10 a.m.
More information and register
April 17 – Member Mixer (Free to members)
Control Points Associates, Warren, 5:30 p.m. to 8 p.m.
More information and register
April 23 – Networking & Baseball: Brooklyn Cyclones at Jersey Shore BlueClaws (Young Professionals Event)
ShoreTown Ballpark, Lakewood, 6 p.m. to 9 p.m.
More information and register
May 19 – NJ Chamber Challenge Cup Golf Outing
Bedens Brook Club, Skillman, Noon
More information and register
June 12 – 28th Annual NJ Chamber Open House and Reception
New Jersey State Museum, Trenton, 4 p.m. to 7 p.m.
More information and register
Sept. 18 – Member Networking Breakfast (Free to members)
New Jersey Audubon, Bernardsville, 9 a.m. to 10:30 a.m.
More information coming soon
Oct. 22 – NJ Chamber Legislative & Business Awards Reception
EisnerAmper, Iselin, 5 p.m. to 8 p.m.
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The Best Tool for Your Business - Membership in the N.J. Chamber
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
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You are welcome to share this newsletter via email, social media or on your organization's website. Please credit the New Jersey Chamber of Commerce with a link to http://njchamber.com.
The New Jersey Chamber of Commerce is staying on top the issues important to business. For news media requests, please email Scott Goldstein.
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