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☆ U.S. economy grew at a 2.8% pace in the third quarter, less than expected
▼ + stars: | 2024-10-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The economy accelerated at a 3% pace in the second quarter. The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown. Personal consumption expenditures, the proxy for consumer activity, increased 3.7% for the quarter, the strongest performance since Q1 of 2023. "You've got the perfect combination of strong growth and slowing inflation. The personal savings rate decelerated in the third quarter to 4.8%, down from a 5.2% level that had been revised up sharply.

Persons: Dow Jones, You've, Dan North, Kamala Harris, Republican Donald Trump, Harris, — Trump Organizations: Gross, Commerce Department, Treasury, Allianz Trade North America, Federal Reserve, Fed, Republican Locations: U.S

Thousands of Oasis tickets on the secondary market will reportedly be relisted on Ticketmaster at face value, according to the BBC. Oasis, Ticketmaster and SJM Concerts did not immediately respond to requests for comment. Oasis had announced that tickets for the Oasis '25 Live tour could only be resold at face value using Ticketmaster or the ticket resale marketplace Twickets. The demand for Oasis tickets has been high since the band, which features brothers Noel and Liam Gallagher, has not performed together in 15 years following a lengthy feud between the Gallaghers. Since then, Oasis has been taking steps to get tickets in the hands of loyal fans and away from scalpers.

Persons: Oasis, Noel, Liam Gallagher Organizations: Ticketmaster, BBC, Oasis, U.S Locations: scalpers, Melbourne, Ireland, North America, Toronto, Chicago, Los Angeles, Mexico City, East Rutherford , New Jersey

☆ Oasis is canceling reunion tour tickets sold by resellers
▼ + stars: | 2024-10-29 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

Oasis is canceling around 50,000 tickets for its British tour dates that were resold on secondary websites like StubHub and Viagogo. The band’s tour promoters are canceling tickets resold through unofficial secondary sites to stop price gouging, a spokesperson for Live Nation and SJM, the Oasis tour promoters, told CNN. CNN saw ticket prices as high as $7,294 for the Oasis tour on Viagogo, a secondary market for ticket sales. Canceled tickets will be made available for face value on Ticketmaster, which is owned by Live Nation and considered the designated site for Oasis tickets. The North American leg of the Oasis tour begins on August 24, 2025, at Rogers Stadium in Toronto, Ontario.

Persons: scalpers, —, Taylor Swift, hasn’t, Liam, Noel Gallagher, SJM, Twickets, Viagogo Organizations: Live, Oasis, CNN, Coldplay, Oasis’s, Ireland, Ticketmaster, Live Nation, Rogers Locations: Washington, Cardiff , Manchester, London, Edinburgh, Dublin, Toronto , Ontario, Chicago, East Rutherford , New Jersey, Los Angeles, Mexico City

☆ Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
▼ + stars: | 2024-10-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Electric vehicles, trade, tariffs, China, emissions regulations and labor are among the top issues automakers are monitoring, according to industry executives and policy experts. Harris vs. TrumpOfficials expect a Harris victory to be a continuation, but not a copy, of the past four years under Biden. Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Republicans, led by Trump, have largely condemned EVs, saying that they are being forced upon consumers and that they will ruin the U.S. automotive industry. LaborOf the many issues regarding the automotive industry, officials who spoke to CNBC were nearly unanimous regarding labor: They're concerned a Harris win would continue to mean increased power for organized labor.

Persons: Bill Pugliano, Kamala Harris, Donald Trump, Joe Biden, Harris, Jefferies, Philippe Houchois, Biden, Shawn Fain, Drew Angerer, Brian Snyder, —, Elon Musk's, Trump, Pablo Di Si, EVs, Harris hasn't, Peter Rawlinson, Rawlinson, That's, Trump's, USMCA, Mary Barra, hasn't, Fain Organizations: Ford, Ford Dearborn Plant, Getty, DETROIT, Motor, Great, Trump, CNBC, Trump Officials, United Auto Workers, Democratic, International Union of Painters, AFP, Republican, Reuters, Motors, Ford Motor, Chrysler, EV, Lucid, Tesla, California Air Resources, D.C, District of Columbia, Alliance for Automotive Innovation, U.S . Officials, IRA Electric, Volkswagen Group of America, Automotive, Republicans, Environmental Protection Agency, . North, North American Free Trade, Jefferies, Labor, Democratic National Convention, UAW Locations: Dearborn , Michigan, Michigan, Motor City, Great Lakes State, China, Macomb , Michigan, California, Hamtramck , Michigan, U.S, Detroit, Washington , Oregon, New York, Washington, . North American, United States, Mexico, Canada, American

☆ New York Yankees’ offense explodes against Los Angeles Dodgers in World Series Game 4 to stave off elimination
▼ + stars: | 2024-10-29 | by ( Wayne Sterling | ) edition.cnn.com time to read: +11 min

The Yankees beat the Los Angeles Dodgers 11-4 in Game 4, spoiling a historic night for Los Angeles Dodgers’ first baseman Freddie Freeman. It’s like you finally got to see the top blow off Yankee Stadium in a World Series game,” Boone told reporters. It was Yankee Stadium World Series game.”The Dodgers now lead the series three games to one. Ashley Landis/APThe contest started off promisingly for the visitors when Freeman continued his hot World Series run. The New York Yankees' Anthony Volpe hits a grand slam in Game 4 of the World Series on Tuesday, October 29.

Persons: Freddie Freeman, Anthony Volpe, Daniel Hudson, Volpe, ” Volpe, “ We’ve, Aaron Boone, ” Boone, “, Anthony, they’ve, Dave Roberts, ” Roberts, we’re, We’ll, Ashley Landis, Freeman, homering, Luis Gil, George Springer, whittling, Austin Wells, Alex Verdugo, Will Smith, Gleyber Torres, Wells –, Verdugo, Juan Soto, Torres ’, Aaron Judge –, –, Gerrit Cole, Jack Flaherty, Elsa, Mike Lawrence, Brent Honeywell, Anthony Rizzo, Seth Wenig, Luke Hales, Mookie Betts, Al Bello, Giancarlo Stanton, Frank Franklin II, Daniel Shirey, Stanton, Alex Slitz, Maddie Meyer, Sarah Stier, Smith, Alex Vesia, Harry, Michael Kopech, Jayne Kamin, Yoshinobu Yamamoto, Yamamoto, Julio Cortez, Shohei Ohtani, Mary DeCicco, Tommy Edman, Rob Tringali, Carlos Rodón, — Kirk Gibson’s, Gibson, Steph Chambers, Nestor Cortes, Jazz Chisholm, Mark J, Terrill, Aaron Judge, Brusdar Graterol, Enrique Hernández, Fernando Valenzuela, Valenzuela, ”, Gina Ferazzi, Brad Paisley Organizations: CNN, The New York Yankees, Yankee, Yankees, Los Angeles Dodgers, The Bronx Bombers, ” Yankees, Dodgers, Atlanta Braves, Houston Astros, Astros, MLB, Getty, North, AP Yankees, The Dodgers, USA, Sports, Reuters, AP Dodgers, Dodger, Los Angeles Times Locations: New York, It’s, Los Angeles, York, North America

☆ We upgraded Stanley Black & Decker stock despite the post-earnings selling
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.

Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe

☆ At 26, I set off on a yearlong adventure to South America. It's been 6 years, and I have no plans to leave.
▼ + stars: | 2024-10-29 | by ( Sinead Mulhern | ) www.businessinsider.com time to read: +7 min

She saved up for a yearlong adventure in South America, planning to move back to Canada at the end. AdvertisementI often think back to the day I arrived in Cuenca, Ecuador, the Andean city that accidentally became my home. It was 2018, I was 27, and halfway into what was intended to be a yearlong adventure in South America. But as the years passed, the city felt too fast-paced, I was stressed out, and everything was expensive. When I returned home, my life felt limited, and I wanted what she had.

Persons: Sinead Mulhern, —, it's, I'm, I've, everyone's, El Mercurio Organizations: Service, UNESCO, North Locations: Toronto, South America, Canada, Cuenca, Ecuador, Colombia, Quito, Yunguilla

☆ ‘Venom 3’ slinks to $51 million, lowest opening weekend of comic book trilogy
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

1 at the box office, but the comic book film fell significantly short of expectations. After much bigger launches, the first “Venom” powered to $856 million worldwide while “Let There Be Carnage” surpassed $500 million worldwide. The follow-up to 2019’s billion-dollar hit “Joker” has turned into a box office disaster with $57.8 million domestically and $201.1 million globally. The R-rated sequel to 2022’s “Smile,” which topped the box office last weekend, has generated $40.7 million in North America and $83 million worldwide to date. The well-reviewed family film has endured at the box office with minimal week to week drops, amassing $111 million domestically and $232 million worldwide so far.

Persons: “, Tom Hardy, ”, Venom, Kelly Marcel, Hardy, Eddie Brock, Jeff Bock, ’, Robert Zemeckis, Tom Hanks, Robin Wright, Dwayne “, ” Johnson, “ Moana, David A, Gross, Ralph Fiennes, Edward Berger, Audiences, Andrew Garfield, Florence Pugh, Sean Baker’s Palme d’Or Organizations: Marvel, Sony, Yankees, Dodgers, Rotten, Entertainment Research, Warner Bros, Catholic, Universal, DreamWorks, Cannes Locations: New York City, Los Angeles, North America, CinemaScore, Russian

Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.

Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies

☆ Using options to trade two cosmetics competitors with a lot on the line this month
▼ + stars: | 2024-10-28 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.

Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee

☆ Amazon's satellite spending has investors on edge. The payoff may be worth the wait
▼ + stars: | 2024-10-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon

Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's

Learn moreThe Eras Tour plays its final announced USA tour dates this weekend as Taylor Swift heads to Indianapolis, Indiana. If you're hoping to learn how to buy Taylor Swift Indianapolis tickets, you've come to the right place. The Eras Tour, which first kicked off in Arizona in March 2023, resumed for its final leg earlier in October. Eras Tour Indianapolis scheduleThe Eras tour will be held in Indianapolis from Friday, November 1 to Sunday, November 3. How to buy Taylor Swift Indianapolis ticketsOriginal standard tickets to Taylor Swift's Eras Tour were sold on Ticketmaster, but tickets sold out long ago.

Persons: Taylor Swift, we've, Swift, she'll, Taylor Organizations: Business, Taylor Swift Indianapolis, Lucas Oil, Indianapolis, Vivid, Ticketmaster, Swift's New Locations: Indianapolis , Indiana, Arizona, America, Miami, New Orleans, Indianapolis, United States, Canada, Swift's New Orleans

☆ McDonald's Quarter Pounder burgers to return to restaurants affected by E. coli outbreak
▼ + stars: | 2024-10-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

A double quarter pounder with cheese and fries arranged at a McDonald's restaurant in El Sobrante, California, US, on Wednesday, Oct. 23, 2024. McDonald's Quarter Pounder burgers will return to roughly 900 restaurants this week after the fast-food giant pulled the menu item linked to a deadly E. coli outbreak . Instead, health authorities have honed in on slivered onions used in the Quarter Pounders as the likely suspect for the outbreak. Over a two-week period, McDonald's typically sells roughly one million Quarter Pounders in the affected region, according to company spokespeople. Shares of the company have fallen 7% since the CDC linked the E. coli outbreak to its restaurants.

Persons: Pina, Cesar Pina, Taylor, McDonald's, Joe Erlinger Organizations: The Colorado Department of, McDonald's, Drug Administration, Disease Control, Prevention Locations: El Sobrante , California, U.S, Colorado , Kansas, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico , Oklahoma, Utah, Colorado

☆ Tommy Caldwell: He lost a finger and survived a kidnapping. Then, this pro climber took on a 9,000-foot ‘death-trap’
▼ + stars: | 2024-10-27 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

But after an agonizing Achilles injury that resulted in numerous surgeries, bolts in his foot and two years off climbing, Caldwell, then in his 40s, was worried about his future. Caldwell explains that the cycling portion of the trip helped with his rehabilitation and contributed to the adventure. You remove all expectation, it gives you the chance to do better than you think you’re going to do, and everybody else thinks you’re going to do. Tommy Caldwell climbing above Lake Louise in Banff National Park in Canada. Taylor Shaffer/National Geographic“You become addicted to it, but then, eventually, you’re going to come across things like adversity that you don’t plan.

Persons: Tommy Caldwell, –, Caldwell, Alex Honnold, Yosemite’s El, Ryan Valasek, Honnold, Taylor Shaffer, ” Caldwell, “, we’ve, Matt Pycroft, Alex, it’s, Beth Rodden, Caldwell grappled, Beth Radley, Jason Smith, John Dickey, ”, Rodden, Kevin Jorgeson, Wall, El, you’re, Achilles, We’re, ’, “ That’s Organizations: CNN, Alaska -, CNN Sport, Geographic, Islamic, of, El Capitan Locations: Yosemite’s, Alaska, Alaska - British Columbia, you’re, Colorado, of Uzbekistan, Kyrgyzstan, Kyrgyz, Patken, Lake, Banff, Canada

☆ A mega-earthquake could strike the Pacific Northwest any day — and we're not prepared
▼ + stars: | 2024-10-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

People along the coast now have 10 to 30 minutes to reach high ground before a giant wave engulfs the Pacific Northwest. The scene above is a worst-case scenario of a megaquake striking the Pacific Northwest. "It's ominously quiet," Harold Tobin, Washington's state seismologist and the director of the Pacific Northwest Seismic Network, told BI. The Pacific Northwest, by contrast, only found out about the danger posed by the Cascadia subduction zone in the 1980s. The Cascadia subduction zone pushed those mountains up about 10 million years ago, carving the mountain range that makes the Pacific Northwest so stunning.

Persons: Seattle isn't, Robert Ezelle, Rick Bowmer, Ted S, Warren, Juan, Harold Tobin, Tobin, Ezelle, Andrew Selsky, Itsuo Inouye, They've, Wally Santana, Barbara Ortutay Organizations: Washington state's Military, ., Puget Sound, Washington Army National Guard 792nd Chemical Company, Washington state's Military Department, Business, Northwest Seismic Network, AP, Columbia University, Big One, Federal Emergency Management Agency, US Navy, FEMA, Northwest Seismic Locations: Seattle, Pacific, Long Beach , Washington, Northern California, Vancouver, Grandview , Washington, Pacific Northwest, Washington, Washington's, Cascadia, Sitka spruces, Oregon, Japan, Japan's Miyagi Prefecture, Tohoku, Natori

☆ How activist Starboard may help boost value in Kenvue's skin and beauty business
▼ + stars: | 2024-10-26 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. Self Care product categories include pain care; cough cold allergy; and "other self care." The Skin Health and Beauty segment's product categories include face and body care and hair, sun and others. Skin Health and Beauty has been proven to be a marketing business whose growth can be greatly aided by social media. Kenvue has a solid business with iconic brands and one underperforming segment in Skin Health and Beauty.

Persons: Russell, Johnson, Kenvue, Michael CeraVe, Ken Squire Organizations: Skin, Health, Self, pharma, Colgate, Palmolive, Haleon, Kenvue, Essential Health, L'Oreal, Beauty, Skin Health, Management, 13D Locations: North America, Asia, Europe, Middle East, Africa, America, CY19, CeraVe

☆ I saw how New York's biggest airport wants to build a 5-star terminal. I'd actually look forward to flying through.
▼ + stars: | 2024-10-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

AdvertisementJohn F. Kennedy International Airport broke ground on a new Terminal One in September 2022. A private consortium is investing $9.5 billion to modernize the new terminal, focusing on safety, efficiency, and the customer experience. New Terminal OneDevelopers hope the future state-of-the-art terminal will become a Skytrax five-star airport terminal — a feat no US airport had achieved until New York's LaGuardia Airport finally ditched its infamous "LaGarbage" nickname with a new and improved Terminal B in 2023. This includes facial recognition boarding, AI-powered gate systems, and air traffic technology to reduce the chance of near misses. If the technology works as promised, I'd look forward to flying through.

Persons: John F, SITA's, Taylor Rains, Taha Zahir, LaGuardia, Zahir Organizations: Kennedy International Airport, Port Authority of New, JFK, Phillippines Airlines, Air, New, Department of Transportation, Business, JFK's, BI, British Airways, Flyers, TSA, Changi Airport, Korean, ADB Locations: York, Port Authority of New York, North America, Air France, Long, London, Changi, NYC's, LaGuardia, Los Angeles

☆ 'Made in Mexico' trade controversy is provoking another kind of border war
▼ + stars: | 2024-10-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.

Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia

☆ Innovations in glass technology are driving progress in energy, sustainability, and consumer products. Here's what that looks like.
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +7 min

Since Otto Schott invented specialty glass in 1884, the simple material has become a cornerstone of modern technology, and driving innovation. From semiconductors to clean energy, home tech, and electric vehicles, glass is the silent enabler of progress. Specially engineered laser glass helped researchers achieve what was once thought impossible: creating more energy from a reaction than was put into it. The light, amplified by active laser glass and focused through precisely crafted optical glass, delivered significant energy to a tiny fuel pellet, triggering a fusion reaction that produced a net energy gain. The fusion reaction generated 3.15 megajoules of energy, exceeding the 2.05 megajoules of laser energy delivered to the target.

Persons: Bill James, Otto Schott, SCHOTT Organizations: SCHOTT North, Industry, photonics, Lawrence Livermore National Laboratory, SCHOTT, Insider Studios Locations: SCHOTT North America

☆ Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids
▼ + stars: | 2024-10-24 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs. Scout Terra pickup truck conceptKeogh said Scout added EREVs to better protect the brand from any market volatility amid less-than-expected consumer demand for EVs. Interior of Scout Traveler SUV concept ScoutBoth the Traveler and Terra are expected to start between $50,000 and $60,000 with available incentives, according to Scout. It's larger than Jeep's well-known Wrangler, which is currently available as a plug-in hybrid electric vehicle. Scout Traveler SUV concept

Persons: Scott Keogh, Keogh, Scout, Ford, Stellantis Organizations: Scout, NASHVILLE, — Volkswagen, Scout Motors, CNBC, EV, Lucid, VW, International, American, Ford Bronco, Toyota Land, Ford, General Motors Locations: Tenn, American, U.S, South Carolina, Scout's South Carolina, Canada, U.S ., Nashville , Tennessee

☆ How things went from bad to worse for Jeep-owner Stellantis
▼ + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.

Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois

☆ CDC told McDonald's about potential E. coli outbreak late last week
▼ + stars: | 2024-10-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

The Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said Wednesday. As of Tuesday, the CDC has attributed 49 cases and one fatality across 10 states to the outbreak, which has been linked to McDonald's Quarter Pounder burgers. Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time. The fast-food chain issued a statement on the outbreak Tuesday evening, shortly after the CDC issued its advisory. Over a two-week period, McDonald's typically sells roughly one million Quarter Pounders in the affected region, the company spokespeople said.

Persons: McDonald's, spokespeople, Cesar Pina Organizations: Disease Control, CDC, U.S . Department of Agriculture, U.S . Food, Drug Administration, McDonald's, North Locations: U.S, McDonald's U.S, Colorado , Kansas , Utah , Wyoming

☆ Coca-Cola tops earnings estimates, as higher prices offset sluggish demand
▼ + stars: | 2024-10-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Coca-Cola on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, thanks to a boost from higher prices that offset sluggish demand. Unit case volume fell 1% in the quarter, driven by weakening demand in some international markets. Consumer companies, including Coke, have reported in recent months that customers are more price sensitive, leading to sluggish demand for its products as prices remain high. Pepsi said volume for its North American beverage business fell 3% in its third quarter, fueled by weakening demand for energy drinks. Coke is projecting a low-single-digit headwind for comparable revenue and a mid-single-digit headwind for earnings per share.

Persons: Coke, Quincey Organizations: LSEG, Consumer, PepsiCo, Quaker Foods, Pepsi, CPI Locations: U.S, North America, Chico, Europe, Middle East, Africa, Asia, Pacific, China, Turkey, Latin America, Argentina

☆ Cure for America's High Real Estate Prices: Build More Weird Homes
▼ + stars: | 2024-10-23 | by ( Ned Resnikoff | ) www.businessinsider.com time to read: +12 min

Take Los Angeles, where about three-quarters of residential-zoned land in 2021 was zoned exclusively for developing single-family housing. This country needs to build more homes, but there's no reason all those new homes need to look the same. Tokyo has homes in all shapes and sizes: detached single-family homes, attached row houses, small apartment buildings, midsize apartment buildings, and colossal residential high-rises. Allow apartment buildings with one staircase: Making it legal to build more apartment buildings with only one staircase would substantially reduce construction costs and allow for apartment buildings to be built on smaller lots. People who really like single-family homes should still have access to single-family homes.

Persons: —, we'll, homebuilders, Stephen Smith Organizations: sameness, Center for, The New York Times Locations: United States, Levittown , New York, Los Angeles, Connecticut, Levittown, Tokyo, American, Japan, North America

Major League Soccer scored several regular season records, including for attendance and sponsorship, thanks in part to international superstar Lionel Messi — and corporate strategy. Each match during the 2024 season averaged 23,234 attendees, the highest ever for the regular season. Last year, the MLS’s Inter Miami signed Messi, which caused a surge in attendance, jersey and other product sales, and overall fanbase engagement. The league signed 18 new sponsorship partners this season between the MLS and Soccer United Marketing (SUM), the commercial arm of the MLS. Viewership data isn’t available for MLS Season Pass, but Apple executives have said on public calls that the audience has risen since Messi joined the league.

Persons: Lionel Messi —, Messi, Luis Suárez, Lionel Messi, Chris Arjoon, Chris McGowan, McGowan, “, ” Organizations: Major League Soccer, MLS, Inter, New, Getty, National Basketball Association, MLS’s Inter Miami, Messi, Inter Miami, U.S ., New York Red Bulls, Soccer United, Messi’s Inter Miami, Adidas, YouTube, North, Apple Locations: AFP, Instagram, North American, U.S

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