Industries

Consumer

Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

Photo by Jason Miraples via Unsplash

Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.

2 min read

Photo by Tom Fournier via Pexels

Energy

Saudi Arabia Gives Up Trying to Drive Oil Higher

Saudi Arabia, the biggest and most influential member of OPEC, is abandoning its goal of driving the price of an oil barrel up to $100.

2 min read
Photo by Raph_PH via CC BY 2.0

Big Tech

TikTok is Ditching Music Streaming — But Spotify Can’t Relax

TikTok is calling it quits on a music streaming business that barely made it out the door, and only launched trials last year.

2 min read
Photo by Drew Dau via Unsplash

Autos

The Biden Administration’s War on Chinese Cars Just Got Bigger

The Biden administration is introducing a ban on both hardware and software for “connected vehicles” from China and, incidentally, Russia.

1 min read

Healthcare

Wegovy-Maker Novo Teams with Online Pharmacies as Lilly Rivalry Heats Up

Photo by Chemist4U via CC BY-SA 2.0

Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.

2 min read

Consumer

Starbucks Slings High-Speed Drinks in Caffeinated Comeback Plan

Photo by Hamza Inayat via Unsplash

Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.

2 min read

International Economics

Retailers Prep for Supply Chain Breakdown

Photo by Mick Haupt via Unsplash

To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.

2 min read

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