Boeing workers just rejected a proposal with a 35% wage increase over four years.The strike has halted most of Boeing's manufacturing for over five weeks.Boeing's earnings missed analyst expectations by over 18% amid the ongoing strike. 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 on t ...

Apple is cutting Vision Pro production, possibly halting it by year-end, The Information reported.Demand for the $3,500 devices has been weak, said analyst William Kerwin.Apple may be developing a cheaper, smaller headset to boost consumer interest. 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 whil ...

Tesla's Cybertruck turned a profit in under a year. That's a big deal for Elon Musk as he enters the pickup truck market.More affordable Cybertruck trims will still be crucial to long-term success. 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 on the go. Email address By clicki ...

Boeing's new CEO plans to change the company culture by placing executives on factory floors.This strategy aims to address safety, communication, and trust in Boeing.One analyst said Boeing should have always been connecting its top managers with employees. 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 f ...

McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. Executives said its investigation suggested the outbreak differed from what Chipotle faced in 2015. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Insider 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 prefe ...

Boeing's CEO revealed a 4-part turnaround plan on Wednesday. In a memo to employees, he promised improved culture and better execution. The struggling planemaker is facing a machinists strike that could end Wednesday. 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 on the go. Email a ...

Core Insights - Coca-Cola reported a 1% decline in net revenues to $11.9 billion for the third quarter, which was better than analysts' expectations of $11.65 billion [2] - Earnings per share decreased by 7% to $0.66, falling short of the analyst consensus of $0.74 [2] - The company experienced an 11% increase in sales of Coca-Cola Zero Sugar, contributing to the better-than-expected revenue performance [2] Revenue Performance - The revenue decline was attributed to a 2% decrease in concentrate sales, despite a 10% increase in price/mix [2] - Coca-Cola's CEO highlighted the company's resilience in a challenging external environment and expressed optimism about long-term growth opportunities [2] Market Trends - The company noted potential growth in the non-carbonated drink market, supported by its sponsorship of the 2024 Paris Olympics [2][3] - Strong international sales have previously helped offset weaker consumer demand in the US, although unit case volume declined in Europe, the Middle East & Africa, and Asia Pacific during the third quarter [4] Consumer Behavior - Investors are keen to understand consumer spending behavior as the year-end approaches, with US consumers reportedly facing challenges from accumulated price increases due to global inflation [4] - Retailers, including Costco and Walmart, have been reducing prices amid cautious consumer spending patterns [5] Competitive Landscape - Coca-Cola's rival PepsiCo has also reported weaker-than-expected sales for two consecutive quarters and has lowered its full-year organic sales outlook [5]

Boeing reported a third-quarter loss of $6.1 billion on Wednesday.Its newly-installed CEO Kelly Ortberg said it will "take time to return Boeing to its former legacy."Union members, who have been on strike for 40 days, will vote on a contract offer later in the day. 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 perso ...

Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance.Zyn nicotine pouch sales grew 41% in the US in the third quarter.Zyn continues to be a hit with young professionals and those looking to lose weight. 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 on ...

McDonald's Quarter Pounder has been linked to a deadly E. coli outbreak across 10 states.The fast-food chain overhauled its famous burger in 2018 — then reported a surge in sales.Now, McDonald's says it's temporarily removing the Quarter Pounder from its menus. 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 personaliz ...