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Groceries prove a pandemic bright spot for BP and Shell

Oil majors bet offering more fresh food and services at gas-station stores can help offset declining oil income.

Boeing's other big problem: Fixing its space program

The company's biggest space initiatives have been dogged by faulty designs, software errors and chronic cost overruns.

Biden's trillion-dollar spending may restore inflation missing since '08 crisis

President Elect Joe Biden’s promise to spend trillions could bring back a healthy level of inflation lacking since the 2008 financial crisis.

Fiat Chrysler, PSA Group merge to create new auto-making behemoth

The newly formed auto maker, called Stellantis, to start trading Monday in Europe and Tuesday in New York.

Biden's environmental plan supercharges Tesla, rivals

Tesla will continue to lead the pack of U.S. automakers as the incoming Biden administration provides a tailwind for the electric vehicle business, according to one Wall Street analyst.

Stock futures drop after Biden releases $1.9T coronavirus relief plan

U.S. stock futures pointed to a lower open Friday morning after details of President-elect Joe Biden’s proposed $1.9 trillion COVID-19 relief package underwhelmed investors and the big banks kicked off earnings season.

JPMorgan revenue spikes as COVID-19 relief soothes economic pain

Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves

Stocks moving lower following Biden's proposed $1.9T-recovery package announcement

U.S. equity futures are trending lower hours before the opening bell Friday after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close.

Oil prices mixed Friday as concerns arise over Chinese Covid lockdowns

Oil prices were mixed on Friday as strong import data from China, the world’s biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks.

Delta CEO: Coronavirus vaccine could restore profitability by summer

The coronavirus pandemic dealt a major blow to the travel industry, with airlines losing billions of dollars since the outbreak.
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