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Coca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales

Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.

Business - CNBC - October 23

Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

Business - CNBC - October 23

September home sales drop to lowest level since 2010

Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the ...

Warren Buffett — worried about impersonators — says he doesn't endorse candidates or investments

Buffett's actions were triggered in part by a fake political endorsement alerted to him on Meta's Instagram.

Business - CNBC - October 23

Global public debt will hit $100 trillion by year-end, says IMF

The IMF warned of the risks posed by unsustainable public debt levels.

Business - CNBC - October 23

CDC told McDonald's about potential E. coli outbreak late last week

Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.

Business - CNBC - October 23

10-year Treasury yield briefly tops 4.25%, hits highest level since late July

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Fed officials on the trajectory of interest rate cuts.

Business - CNBC - October 23

Watch Ripple CEO Brad Garlinghouse speak live on legal battle with SEC and upcoming election

Ripple CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon.

Business - CNBC - October 23

Abercrombie & Fitch responds to former CEO's sex trafficking arrest, says it will cooperate with law enforcement

Abercrombie & Fitch said it will cooperate with law enforcement after its former CEO Mike Jeffries was arrested on sex trafficking and related charges.

Business - CNBC - October 23

Tesla investors have a lot of questions for Musk about Trump

On a forum that Tesla uses to solicit questions from investors ahead of earnings, there are a bunch of questions about Republican nominee Donald Trump.

Business - CNBC - October 23

IBM stock slips on disappointing consulting and infrastructure revenue

IBM's critical software category performed well due to Red Hat's gains, but the consulting and infrastructure segments pulled down overall results.

Business - CNBC - October 24

Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

Revenue for the third quarter grew about 94% year-on-year.

Business - CNBC - October 24

Tim Cook is likely visiting China to bolster support for Apple Intelligence, analysts say

The CEO met with China's Minister of Industry and Information Technology as well as the heads of some local companies, including China Mobile and Weibo.

Business - CNBC - October 24

Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations

British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.

Business - CNBC - October 24

Silicon Valley’s General Catalyst raises $8bn in global push

New money is the largest sum raised by a venture capital firm in more than 2 years

Business - Financial Times - October 24

Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.

Business - CNBC - October 24

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.

Business - CNBC - October 24

Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft

As Chinese smartphone company Oppo gears up for a flagship phone launch overseas, it says it has weekly AI talks with Google and Microsoft senior management.

Business - CNBC - October 24

Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks

The S&P 500 was trying to break a three-session losing streak.

Business - CNBC - October 24

Air taxi firm Lilium's shares plunge 61% after company says main subsidiaries will file for insolvency

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries plan on filing for insolvency in the coming days.

Business - CNBC - October 24

Generative AI is onboarding hundreds of employees at a time, better and faster

Onboarding new employees is a core responsibility of talent leaders. It's increasingly being turned over to AI.

Business - CNBC - October 24

OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns

OpenAI is disbanding its "AGI Readiness" safety team, which advised the company on its capacity to handle the outcomes of increasingly powerful AI.

Business - CNBC - October 24

Tesla stock soars 22% for best day in over a decade on Musk's 2025 growth projection

Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.

Business - CNBC - October 24

Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years

Argentina’s inflation has slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei

World - ABC News - 2 days ago

Drug overdoses set to drop to lowest levels since 2020: CDC

U.S. drug overdose deaths are on pace to fall to the lowest levels since 2020, according to new provisional data from the Centers for Disease Control and Prevention (CDC), a hopeful milestone amid ...

Politics - The Hill - 10 hours ago

Teen smoking and other tobacco use drop to lowest level in 25 years, CDC reports

Teen smoking hit an all-time low in the U.S. this year

Health - ABC News - October 17

CDC reports teen smoking and other tobacco use dropped to lowest level in 25 years

Health - ABC News - October 17

Mortgage demand drops to its lowest level since July, as interest rates return to summer highs

Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July

Business - CNBC - October 23

Jobless claims retreat for third straight week, hit lowest level since May

Initial jobless claims fell by 12,000 to 216,000 in the week ending Oct. 26, compared with economists’ expectations that claims would rise to 230,000.

Business - MarketWatch - October 31

Jobless claims fall to lowest level since May

Companies may not be hiring at the same pace as earlier in the year — but they are also not firing workers.

Business - MarketWatch - 13 hours ago

Fertility rate in England and Wales drops to lowest on record

Just over 591,000 babies were born in the UK last year - the lowest number in four decades

Private equity management fees fall to lowest level since records began

Fund managers are fighting to secure investors’ money in a tough environment

Business - Financial Times - October 22

Illegal border crossings fall to lowest level since 2020

U.S. Customs and Border Protection has confirmed previous CBS News reports that illegal border crossings have reached the lowest point of Biden's presidency. CBS News national correspondent Omar ...

Starmer rejects calls for slavery reparations ahead of Commonwealth summit

PM plans to focus on ‘future-facing challenges’ such as climate change but Caribbean leaders hope to raise the issue

World - Financial Times - October 23

FirstFT: Partner pay at US law firms hits record levels

Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme

World - Financial Times - October 25

Job openings in the U.S. fall to the lowest level in 3½ years

U.S. job openings fell in September to a three-and-a-half year low as as the demand for labor ebbed and businesses waited for the economy to speed up.

Business - MarketWatch - October 29

Inflation falls to lowest level since 2021 in Fed’s preferred gauge

Price increases have fallen to their lowest level in more than three years in the latest reading of the Federal Reserve’s preferred inflation gauge, strengthening the outlook for more interest rate ...

Politics - The Hill - October 31

Number of Americans filing for unemployment falls to lowest level in 6 months

The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels

‘Levels are dropping’: drought saps Zambia and Zimbabwe of hydropower

Vast human-made Lake Kariba is at near-record low, causing daily power cuts and devastating two African economies. All is not well with the waters of Lake Kariba, the world’s largest human-made ...

World - The Guardian - 3 days ago

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