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(Bloomberg) -- S&P Global Ratings on Tuesday lowered the rating on municipal bonds sold by Los Angeles Department of Water and Power, downgrading the utility’s power system bonds by two notches to A from AA-.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe ratings company said that the rating on the power system bonds “face further and significant downward pressure” after t

CEO Stéphane Bancel emphasised saving cash as integral in the company’s bid to parlay Covid-19 profits into future profitability.

Boeing was the worst-performing stock in the Dow Jones Industrial Average Tuesday after the company reported declining plane deliveries.

Hopes of a ceasefire deal to end the war in Gaza lifted the region's government bond markets and Israel's shekel on Tuesday as investors sensed relief after 15 months of conflict. Negotiators were meeting in Qatar hoping to finalise a ceasefire and hostage release agreement after U.S. President Joe Biden indicated that one was within reach. More than six hours after talks began there was still no word on an outcome but Israel's bonds and those of Lebanon, Egypt and Jordan were all edging higher as optimism built.

AI spending by companies is likely to rise to $750 billion by 2028, according to data from IDC.

Quantum computing stocks climbed during Tuesday morning trading after plunging earlier in the week.

Academics get it: prediction markets aren't gambling because the house doesn't always win. But regulators around the world have differing opinions – and Polymarket is feeling the heat.

The S 500 is expensive by most broad measures, but a deeper look tells a different story and presents an opportunity for long-term investors.

U.S. equities were slightly lower at midday after initially rising following the December report on producer prices.

Robin Seward joins the chain as senior vice president, brand and innovation, while Scott Uehlein was hired as vice president of culinary.