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U.S. markets news

GE Takes $6.2 Billion Charge After Being Burned by Insurance
General Electric Co. surprised investors with a $6.2 billion charge tied to a legacy insurance portfolio, another setback for a manufacturing behemoth already struggling with weak sales in some of its industrial markets.
GE Shares Dive on $6.2 Billion Charge for Problems in Its Finance Unit  Fortune
GE shares dive after 'deeply disappointing' $6.2 billion insurance ...  CNBC
Business Insider  
Citigroup Plays Up Investor Payouts Once Tax Cuts Trigger Profits
As big U.S. banks weigh how to divvy up their windfall from a massive U.S. tax cut, Citigroup Inc.'s approach appears to be set: Shower profits on investors.
Citi profit tops estimates; books $22 billion tax charge  Reuters
Citigroup shares rise after earnings top expectations, excluding $19 billion ...  CNBC
Bitcoin, rival cryptocurrencies plunge on crackdown fears
LONDON (Reuters) - Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that South Korea could ban trading in cryptocurrencies.
Beyond the Bitcoin Bubble  New York Times
Bitcoin plunges below $12000 to six-week low over crackdown fears  CNBC
Dow breaks 26000, S&P 500 above 2800
US stocks got off the starting blocks running on Tuesday, with both the Dow Jones Industrial Average and the S&P 500 hitting new milestones as ebullient investors continue to take heart from strong economic data and the solid start to the fourth ...
Dow Jones Hits 26000 Milestone  Bloomberg
Dow Trades Above 26000 as Stocks Set Record Highs  TheStreet.com
CVS will stop airbrushing photos it uses to sell beauty products
CVS wants women to be able browse for lipstick and moisturizer without worrying whether their lips are full enough or their forehead is smooth enough.
CVS to mark beauty ads to help show 'materially altered' imagery  KCRA Sacramento
CVS to end retouching in beauty photos  wwlp.com
McDonald's aims for fully recycled packaging by 2025
Fast food giant McDonald's has said all its packaging worldwide will come from sustainable sources by 2025. The restaurant chain will aim to get all items like bags, straws, wrappers and cups from recycled or renewable materials, up from half currently ...
McDonald's is falling short on recycling in one massive way — here' ...  Business Insider
McDonald's Going All-Recycling By 2025  Nasdaq
The Senate's push to overrule the FCC on net neutrality now has 50 votes ...
Fifty senators have endorsed a legislative measure to override the Federal Communications Commission's recent decision to deregulate the broadband industry, top Democrats said Monday.
Senate Democrats say they're a vote shy of reviving net neutrality. They ...  Recode
50 senators endorse resolution to restore FCC net neutrality regulations  The Denver Post
Iceland supermarket chain aims to be plastic free by 2023
Supermarket chain Iceland has said it will eliminate or drastically reduce plastic packaging of all its own-label products by the end of 2023.
Two Major Food Companies Announce War on Packaging Waste  EcoWatch
Frozen food powerhouse commits to ban on plastic packaging  CNBC
Google Plans to Expand Huge Undersea Cables to Boost Cloud Business
Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp.
Cloud computing: Now Google adds more data centers, plans its own undersea ...  ZDNet
Google plans to build 3 new underwater cables to expand its cloud business  CNBC
America's Fastest Spy Plane May Be Back—and Hypersonic
A successor to the iconic SR-71 Blackbird could cruise at speeds near Mach 6—but is it a real plane or a pipe dream? By. Justin Bachman.
Boeing shows its vision for a hypersonic spy aircraft  Engadget
Boeing's 'son of Blackbird' hypersonic plane is designed to hit ...  Digital Trends