Tuesday, 4 January 2022

Reuters Business: Charlie Munger's Daily Journal nearly doubles stake in China's Alibaba

Charlie Munger's Daily Journal nearly doubles stake in China's Alibaba

Daily Journal Corp , the publishing and technology company in which Warren Buffett's longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant Alibaba Group Holding .

Wells Fargo's chief risk officer to leave - Bloomberg News

Wells Fargo & Co Chief Risk Officer Amanda Norton will retire from the bank at the end of June, Bloomberg News reported citing a memo sent to staff.

Macy's shortens store hours as COVID-19 cases surge

Macy's Inc said on Tuesday it will temporarily shorten its store hours on some days at all of its stores for the rest of January, as COVID-19 cases continue to surge across the United States.

Dow posts closing record high for 2nd day, boosted by banks

The Dow Jones Industrial Average scored a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell.

EXCLUSIVE U.S. carrier Allegiant Air to buy 50 Boeing 737 MAX jets -sources

Allegiant Air is close to ordering 50 Boeing 737 MAX jets worth $5 billion at list prices, people familiar with the matter said, as the low-cost U.S. airline eyes a rebound in tourism.

Qualcomm, Microsoft partner on metaverse chip for AR glasses

Qualcomm Inc on Tuesday said it is working with Microsoft Corp on custom chips that would control lightweight augmented reality glasses for use by both consumers and businesses for metaverse apps.

Deere says its robo-tractors are ready to till the fields

John Deere & Co said on Tuesday it will start commercial delivery this year of technology that enables a tractor to till a field without an operator in the cab, a first for the top North American tractor manufacturer after years of effort to automate farm work.

BlackRock, AmEx extend hybrid work plans as Omicron spreads across U.S.

BlackRock Inc and American Express Co are extending their hybrid work plans as the Omicron COVID-19 variant spreads across the United States.

Nasdaq, S&P 500 fall with growth shares; banks boost Dow

The Nasdaq and S&P 500 fell in afternoon trading Tuesday along with shares of big growth names, while the Dow Jones Industrial Average rose as bank stocks surged with U.S. Treasury yields.

BMW brand achieves record sales over 2.2 mln vehicles in 2021

German carmaker BMW achieved record sales of over 2.2 million vehicles from its BMW brand in 2021, the company said on Tuesday, outstripping 2019 sales even among a global chip shortage.

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