 | | | | Boeing Co on Tuesday backed the Environmental Protection Agency's (EPA) decision to finalize the first-ever standards regulating greenhouse gas emissions from airplanes issued under President Donald Trump in the final days of his administration. | | | | | | Kraft Heinz Co and Conagra Brands Inc said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand. | | | | | | Accused by the Trump administration of being a front for the Chinese government, TikTok's ad business looked bleak last July. | | | | | | The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump. | | | | | | Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil company Chevron Corp. | | | | | | U.S. shale producer Continental Resources Inc's loss in the fourth quarter widened compared with the third as expenses rose, even as crude prices recovered from pandemic-led lows. | | | | | | Insurer American International Group Inc posted a net loss of $60 million in the fourth quarter, mainly due to a $1.2 billion loss from derivatives, the company said on Tuesday, but its adjusted earnings hit analysts' targets. | | | | | | A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had bet against the stocks, according to securities filings released Tuesday. | | | | | | Bitcoin soared above $50,000 on Tuesday to an all-time high, adding steam to a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance among mainstream investors and companies. | | | | | | Wall Street joined a global march propelling stock indexes to record highs on Tuesday, with investors selling government bonds in a bet that COVID-19 vaccinations and U.S. stimulus will deliver a durable economic recovery after a year of lockdowns. | | | | | |
