Business
FAA Approves Fully Automated Commercial Drone Flights
A Massachusetts company has been granted approval to operate commercial drone flights without a person directing the machine and keeping it in sight.
Walmart Head Of U.S. Online Business To Step Down
Walmart Inc said on Friday its chief executive for ecommerce operations in the United States, Marc Lore, will step down at the end of the month.
BMW Aims To Double Fully-electric Vehicle Sales In 2021
BMW said on Friday that it aims to double its sales of fullyelectric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
Citigroup Profit Beats, But Shares Dip On Higher Costs, Weak Revenue
Citigroup Inc reported a 7% decline in fourthquarter profit on Friday, beating market expectations but failing to draw Wall Street approval, as higher costs and a fall in revenue across its consumer business weighed on the results. Like fellow U.S. maj...
Asia Shares Edge Higher As Biden Unveils $1.9 Trillion U.S. Stimulus Plan
Asian shares edged up near record highs on Friday after U.S. Presidentelect Joe Biden proposed a $1.9 trillion stimulus plan to jumpstart the world's largest economy and accelerate its response to COVID19.
Ethan Allen, Virgin Galactic Rise; First Republic, Xcel Fall
Stocks that moved heavily or traded substantially Thursday:
Mortgage Rates Poised To Rise As U.S. Treasury Yields Surge
The long period of recordlow rates on home loans could soon be over.
China 2020 Exports Up Despite Virus; Surplus Surges To $535B
Chinas exports rose in 2020 despite pressure from the coronavirus pandemic and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported.
U.S. Asks Tesla To Recall 158,000 Vehicles For Touchscreen Failures
The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit failures that could pose safety risks by leading to touchscreen displays not working.
Airbnb To Cancel DC Bookings During Inauguration Week
Homesharing giant Airbnb and HotelTonight, which it bought in 2019, are blocking and cancelling all hotel reservations in the Washington DC Metro area during the week of Presidentelect Joe Biden's inauguration, it said on Wednesday.
London Stock Exchange Gets EU Nod For $27 Billion Takeover Of Refinitiv
EU antitrust regulators gave the green light on Wednesday to the London Stock Exchange's $27 billion takeover of Refinitiv, creating a stronger competitor to financial data leader Bloomberg LP.
Japan To Expand State Of Emergency, Public Cools To Olympics
The Japanese government said on Wednesday it would expand a state of emergency it declared for the Tokyo area last week to seven more prefectures, as the public's hopes for the Summer Olympics fade with the steady spread of COVID19.
Gold Rises As Rally In U.S. Dollar, Treasury Yields Hits Brakes
Gold prices edged up on Wednesday as the dollar pulled back and the U.S. Treasury yields traded lower, while the outlook of a massive U.S. fiscal stimulus further boosted the metal's appeal as an inflation hedge.
Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for February delivery rose 96 cents to $53.21 a barrel Tuesday. Brent crude oil for March delivery rose 92 cents to $56.58 a barrel.
Lands' End, Luminex Rise; Boston Scientific, Carnival Fall
Stocks that moved heavily or traded substantially Tuesday:
