Chipotle says it's tried to ensure "consistent and generous portions" after customer complaints.The move and unusual price fluctuations for avocados have hit the chain's profitability.Execs say the brand's focus on offering value has had a positive response. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized ...

A Russian court fined Google for not restoring YouTube accounts linked to Russian TV channels.The fine is about $20.6 decillion — a figure many orders of magnitude beyond the world's GDP.Google's Russian entity filed for bankruptcy in 2022 in a wider exodus from Russia, leaving few ways to extract payment. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! ...

Riyadh Air signed a deal for 60 Airbus A321neo jets on Wednesday. It was reportedly set to opt for Boeing 737 Max narrowbody jets after buying the 787 Dreamliner. The boost for Airbus comes at a testing time for Boeing. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

Core Insights - Snap's stock increased by 10% following a third-quarter revenue report that exceeded Wall Street expectations, with revenue growing 15% year-on-year to $1.37 billion, surpassing analyst estimates of $1.36 billion [1][3][4] Revenue Growth - The revenue growth was primarily driven by the introduction of AI features and an increase in Snapchat+ subscribers, which reached 12 million, contributing approximately $123 million to quarterly revenue [6][7] - Snap's CEO highlighted that AI-generated features and machine learning for personalization are beginning to show positive results in user engagement [3][4] User Engagement - Daily active users increased by 11 million in the third quarter, representing a 9% year-on-year growth, although the company projects a more modest increase of 8 million users in the current quarter [4][5] - The number of creators posting content on the platform grew by approximately 50% year-on-year in Q3, attributed to new AI tools for creators [4] Advertising Strategy - Snap has revamped its advertising approach, shifting from brand awareness ads to more expensive direct response ads that encourage user action [7] - Despite positive developments, Snap reported a loss of $368 million in Q3, continuing a trend of financial losses [7][9] Competitive Landscape - Snap's user base of 443 million is significantly smaller compared to competitors like Meta and TikTok, which have 3.3 billion and over 1 billion users respectively, leading to challenges in capturing ad revenue [8] - Analysts noted that the performance gap between Snap and larger competitors is widening, contributing to market share losses [8][9]

General Motors CEO Mary Barra said on Tuesday that EV manufacturers face steep competition in China.That competition comes with prices that are going "lower and lower," she said.It's not sustainable for EV manufacturers like GM, Barra said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're ...

McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak.Third-party data indicated foot traffic to the chain fell by more than 9% nationwide, with a 30% drop in Colorado.The company says the issue has been contained and doesn't expect a material impact on overall performance. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences ...

Core Points - Microsoft has accused Google of conducting "shadow campaigns" to undermine its business and influence cloud regulation in Europe, marking an escalation in their rivalry [2][6] - Microsoft claims that Google has formed a lobby group, the Open Cloud Coalition, to manipulate the regulatory landscape in favor of its own cloud services [3][4] Group 1: Accusations and Responses - Microsoft's deputy general counsel, Rima Alaily, stated that the Open Cloud Coalition is designed to discredit Microsoft with competition authorities and mislead the public [4][8] - A Google spokesperson responded that the company has been transparent about its concerns regarding Microsoft's cloud licensing practices [5][6] - Nicky Stewart, a senior advisor to the Open Cloud Coalition, emphasized that the group is pro-market and advocates for openness and interoperability in cloud services [6][5] Group 2: Market Context - In Q2 2024, Google Cloud generated $10.35 billion in revenue, while Microsoft's Azure reported $28.5 billion in revenue [7] - For the year 2023, Google Cloud's sales were $33.7 billion compared to Microsoft's Intelligent Cloud group, which reported $96.8 billion in sales [8] - Amazon Web Services remains the leading provider by market share in the cloud industry [8]

McDonald's global sales fell for the second consecutive quarter, down 1.5%.Fast-food chains have faced challenges from food inflation, affecting consumer spending habits.McDonald's latest results come too soon to reflect any impact from its recent E.coli outbreak. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a persona ...

Ford's stock fell 6% in after-hours trading after lowering its profit forecast to $10 billion for 2024.The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models.Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a ...

Southwest Airlines CEO Bob Jordan said Boeing deliveries have not gone as expected for years.He added that the significant Boeing delivery delays in 2024 could stretch into 2025.Boeing is facing several challenges and reported a third-quarter net loss of $6.1 billion last week. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topic ...