The U.S. Securities and Exchange Commission (SEC) on Tuesday sued Morningstar Credit Ratings LLC for allegedly violating U.S. securities laws in rating commercial mortgage-backed securities, the regulator said in a statement.
JetBlue Airways Corp pilots have rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc,, their union said in a statement on Tuesday.
In contrast to other assets like gold, Bitcoin is purely speculative. Its value is whatever markets say it is, says Willem H Buiter.
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an US$8.6 billion stake in the phone company Verizon Communications Inc and a US$4.1 billion stake in oil company Chevron Corp.
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.
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.
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.
Luxury electric vehicle maker Lucid Motors Inc is getting close to a deal to go public at a roughly US$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.
Michael Daffey, chairman of Goldman Sachs Group Inc's global markets division, is set to retire in March, according to an internal memo seen by Reuters and confirmed by a spokeswoman.
Most homes are built block by block, or brick by brick. But a demo house in Calverton, New York, was constructed scan by scan - its walls made using a giant three-dimensional printer.
