McDonald’s revenue climbs 14% as price hikes boost U.S. sales
McDonald’s third-quarter earnings and revenue beat Wall Street’s estimates.
UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
The 4 ½-year tentative agreement will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, the union said Sunday
Panera now displaying warning about its caffeinated lemonade in all stores after lawsuit over customer’s death
Sarah Katz had a heart condition and died hours after she drank Panera’s Charged Lemonade.
UAW in tentative deal to end labor strike with Stellantis but expands its strike at General Motors
The tentative deal is the result of contentious negotiations, which saw thousands of union members walk out of plants and onto picket lines.
Coke and Pepsi stocks are both struggling — but one beverage giant has more to worry about than the other
The beverage leaders’ stocks have struggled this year as investors worry about higher interest rates and the possible negative impact of weight loss drugs.
Google commits to invest $2 billion in OpenAI competitor Anthropic
Founded by former OpenAI executives, Anthropic has emerged as one of the hottest artificial intelligence startups, thanks to its Claude 2 chatbot
Google paid $26 billion in 2021 to become the default search engine on browsers and phones
The number is a more granular look into how much Google pays partners, including Apple, to be the default search engine on their products.
Microsoft’s AI boost helped cloud business outpace rivals Amazon and Google in latest quarter
Large cloud vendors are still helping clients work through necessary cost cuts, but Microsoft Azure has gotten a boost from artificial intelligence.
What China’s slow-motion real estate crisis means for the global economy
China’s property industry is collapsing in slow motion, with indebted major developers, and the IMF has cut growth forecasts, citing the sector as a big reason.
The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month
Investors will seek a shift in focus from Fed Chair Jerome Powell’s comments next week.
