In meeting with business leaders, Biden backs stricter income limits for stimulus checks

President Joe Biden said on Tuesday he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income individuals as part of his $1.9 trillion coronavirus relief bill.

Disney to pull the plug on animation studio behind 'Ice Age,' 'Rio' films

Walt Disney Co is closing the animation studio behind film franchises "Ice Age" and "Rio" due to the COVID-19 pandemic's impact on the entertainment industry, the company said on Tuesday.

Oil prices surge for seventh straight day of gains

Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep a lid on supply.

NYSE chief warns it may exit New York if stock transfer tax is imposed

The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange Inc-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal.

GM extends vehicle production cuts due to global chip shortage

General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.

Dow, S&P 500 edge higher; stimulus in focus

The Dow and the S&P 500 were little changed on Tuesday after a six-day winning streak as investors rotated out of large-cap tech names into other sectors that likely will benefit from President Joe Biden's proposed $1.9 trillion stimulus bill.

Biden endorses Democratic proposal for income threshold for stimulus checks

President Joe Biden said on Tuesday he agreed with a proposal by Democratic lawmakers that would send $1,400 stimulus checks to Americans earning up to $75,000 in income and households making up to $150,000.

Stocks near flat after run to records; bitcoin climbs again

Global equity indexes were near unchanged on Tuesday, while bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.

Cash flush Americans buying shares as pandemic limits spending options

Americans stuck at home and with more discretionary funds at their disposal but fewer spending options because of the COVID-19 pandemic are piling into the stock market and sprucing up their homes, a survey showed on Tuesday.

Boeing kicks off new year with 26 jet deliveries, four orders

Boeing delivered 26 aircraft in January, boosted by the clearing of the 737 MAX jet to fly again after a 20-month ban as it also won four new orders for its 747-8 freighters.

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