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

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Energy

OPEC+ Once Again Moves to Cut Production

The global oil cartel announced it would be extending its ongoing production cuts through the first few months of next year.

1 min read
Photo by Library of Congress via Unsplash

Industries

Natural Disasters Cost the Insurance Industry $135 billion this year

So far this year, hurricanes, thunderstorms, and floods have cost the insurance industry a collective $135 billion in losses.

1 min read
Photo by Jetcityimage via iStock

Consumer

Political Pressure Mounts on Shein and Temu

Shein and Temu have been able to keep the costs on their platforms alarmingly low, but there’s been a hidden political cost racking up.

2 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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