Commodities

Business Highlights

___ US economy grew at solid 2.6 percent rate in fourth quarter WASHINGTON (AP) — Strong consumer spending and a big rebound in home construction helped the economy grow at a solid pace of 2.6 percent in the final three months of last year.

Business Highlights

___ Dollar tumbles after US treasury chief welcomes weaker value DAVOS, Switzerland (AP) — The U.S. treasury chief has welcomed a weaker value in the dollar, breaking with a past commitment by the U.S. government to back a strong dollar.

Asian shares mixed on renewed jitters over trade friction

U.S. stocks are mixed in early trading Tuesday as consumer-focused companies like Netflix and Amazon climb while household goods makers including Johnson & Johnson and Procter & Gamble sink following disappointing quarterly reports.

Business Highlights

___ Trump move to tax some imports creates its own risks for US WASHINGTON (AP) — President Donald Trump's decision Tuesday to tax imported solar cells and washing machines is meant to make good on his vow to reverse decades of U.S. support for free trade and to protect American jobs from foreign competition.

Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year.

Business Highlights

___ Amazon narrows list to 20 for its second headquarters NEW YORK (AP) — Amazon has narrowed its search for a second headquarters city to 20 locations, concentrated mostly in the East and the Midwest.