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The Boeing crisis, the difficulties of Stellantis and the McDonald’s solution: overview of economic news
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The Boeing crisis, the difficulties of Stellantis and the McDonald’s solution: overview of economic news

Boeing strike is an existential threat, says Boeing

Boeing workers on a picket line - Photo: David Ryder (Getty Images)Boeing workers on a picket line - Photo: David Ryder (Getty Images)

Boeing workers on a picket line – Photo: David Ryder (Getty Images)

As he walks on water waiting for the end of his machinists’ strikeBoeing (B.A.) just officially announced on Monday that it was raise $19 billion as part of a share offering. And in the prospectus for this stock sale, he shows exactly how the work stoppage threatens his view of the future.

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Stellantis sees things going from bad to worse

Stellantis – Photo: Scott Olson (Getty Images)Stellantis – Photo: Scott Olson (Getty Images)

Stellantis – Photo: Scott Olson (Getty Images)

Stellantis (STLA), the company behind brands including Jeep and Chrysler, reported a significant drop in revenue on Thursday as it prepares to reduce inventory and boost flagging sales.

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McDonald’s ice cream machines are still broken, but there is finally a solution

Image: NurPhoto (Getty Images)Image: NurPhoto (Getty Images)

Image: NurPhoto (Getty Images)

McDonald’s notoriously broken McFlurry machines could be a thing of the past, thanks to a recent court deposit.

Last week, the U.S. Copyright Office issued a key exemption that allows restaurants to bypass digital locks, granting them the “right to repair” software-equipped machines.

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Volkswagen to close factories and lay off thousands of workers

A Volkswagen employee assembles a Volkswagen ID.4 electric SUV in Zwickau, Germany. All Volkswagen plants nationwide are facing cutbacks. - Photo: Jens Schlüter (Getty Images)A Volkswagen employee assembles a Volkswagen ID.4 electric SUV in Zwickau, Germany. All Volkswagen plants nationwide are facing cutbacks. - Photo: Jens Schlüter (Getty Images)

A Volkswagen employee assembles a Volkswagen ID.4 electric SUV in Zwickau, Germany. All Volkswagen plants nationwide are facing cutbacks. – Photo: Jens Schlüter (Getty Images)

Volkswagen (VWAGY) plans to close at least three factories in Germany and lay off thousands of workers, marking its first closure in decades in a bid to cut costs, according to the head of its works council.

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Starbucks reduces its menu

A Starbucks logo on a paper cup. - Illustration: Igor Golovniov/SOPA Images/LightRocket (Getty Images)A Starbucks logo on a paper cup. - Illustration: Igor Golovniov/SOPA Images/LightRocket (Getty Images)

A Starbucks logo on a paper cup. – Illustration: Igor Golovniov/SOPA Images/LightRocket (Getty Images)

Starbucks (SBUX) is saying goodbye to its olive oil-infused drinks and wants to streamline its menu.

Oleato drinks will no longer be served starting November 7, a Starbucks spokesperson confirmed to Quartz. The shakeup is “part of” the company’s “normal course of business” of regularly updating its menu, especially as it prepares for the launch of its holiday drinks.

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JetBlue and Frontier Still Can’t Overcome Spirit Airlines

JetBlue Airways, Frontier Airlines and Southwest Airlines planes – Photo: Larry MacDougal (AP)JetBlue Airways, Frontier Airlines and Southwest Airlines planes – Photo: Larry MacDougal (AP)

JetBlue Airways, Frontier Airlines and Southwest Airlines planes – Photo: Larry MacDougal (AP)

JetBlue Airways (JBLU) and Frontier Airlines have a lot of unfortunate things in common these days. Both presented their third quarter results on Tuesday and their share prices are in free fall. Additionally, the financial statements of both companies speak of Spirit Airlines (TO SAFEGUARD), the mutual ex of the two carriers.

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Apple Intelligence is here. Early adopters are disappointed

Photo: Firdous Nazir/NurPhoto (Getty Images)Photo: Firdous Nazir/NurPhoto (Getty Images)

Photo: Firdous Nazir/NurPhoto (Getty Images)

Michael Hunter, an Atlanta-based real estate marketing professional and Apple (AAPL), a power user, has seen new Apple Intelligence features evolve from promising to problematic. After a month of early use of iOS 18.1 through his developer account, Hunter was impressed with the system’s improved Siri capabilities and responsiveness.

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McDonald’s, Big Mac prices and the American Big Beef problem

A little more than a decade ago, McDonald’s, America’s largest buyer of ground beef, noticed that beef prices were rising well ahead of inflation. But it took about five years to figure out what was happening. Earlier this month, McDonald’s filed what could be the last of dozens of trials filed against the nation’s four largest meatpackers — companies that buy live cattle, slaughter them and sell the meat (known in the industry as canned beef) to big customers, from Target and Kroger to McDonald’s.

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AI is revolutionizing content creation, including an Emmy-winning breakthrough, says executive

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Brightcove CEO Marc DeBevoise says in the latest episode of Quartz AI Factor that AI will spark an era of “creative frenzy” for media companies.

MrBeast could replace its thumbnail creators with AI, says media executive

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Brightcove CEO Marc DeBevoise says in the latest Quartz AI Factor mini-episode that MrBeast and other creators could benefit from implementing AI toolsets.

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