 | | | | 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. | | | | | | 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. | | | | | | Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas. | | | | | | CVS Health Corp said on Tuesday it would return to selling individual health insurance plans on the online marketplaces created by the Affordable Care Act (ACA), popularly known as Obamacare, saying the market had stabilized. | | | | | | Many U.S companies, including FedEx and General Motors, were forced to shut operations on Tuesday as a bone-chilling winter storm caused power outages and gas shortages in parts of the country. | | | | | | The S&P 500 and the Dow Jones Industrial Average hit all-time highs on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump. | | | | | | A shortage of auto semiconductor chips could impact nearly 1 million units of global light vehicle production in the first quarter, data firm IHS Markit said on Tuesday, significantly upping a prior forecast. | | | | | | The United States could face financial stress even as the pandemic eases if homeowners and businesses fall behind on mortgages and business leases while the economy recovers, Kansas City Federal Reserve President Esther George said on Tuesday. | | | | | | Luxury electric vehicle maker Lucid Motors Inc is getting close to a deal to go public at a roughly $12-billion valuation after veteran dealmaker Michael Klein's blank-check acquisition firm launched a financing effort to back the transaction, people familiar with the matter said on Tuesday. | | | | | | Fiscal policy will remain an important economic prop in the United States until the pandemic subsides, Kansas City Federal Reserve President Esther George said on Tuesday, with inflation unlikely to pose a near-term problem even with record levels of public debt. | | | | | |
