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.
Tech billionaire Peter Thiel-backed data analytics firm Palantir Technologies Inc on Tuesday signaled revenue growth would slow this year, casting a shadow on its better-than-expected quarterly results and sending its shares down 9per cent.
OPEC+ oil producers are likely to ease curbs on supply after April given a recovery in prices, OPEC+ sources said, although any increase in output will be modest as producers are wary of fresh setbacks in the battle against the pandemic.
Analysts have lifted their first-quarter profit growth forecast for European listed companies to 42.7per cent from the 41per cent that was expected last week, according to the I/B/E/S Refinitiv data, as the region's recovery from the COVID-19 downturn gathers pace.
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.
Goldman Sachs Group Inc is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the bank said on Tuesday.
Major bitcoin corporate backer MicroStrategy will borrow US$600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past US$50,000 in a rally fueled by wider acceptance among investors.
