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NY Post
Starbucks is removing these ‘foul’ drinks from its menu to speed up service
These beverages are being booted.
Charlotte Observer
Rock Hill loses out on $440M plant, 400 new jobs as NY manufacturer abruptly kills deal
The company was going to relocate its HQ to Rock hill and build silicon carbide wafers used in semiconductor manufacturing.
The Takeout
Signs Wendy's May Not Be Around Much Longer
Wendy's has faced some serious hardships in the past few years, and there are some clear signs that the chain may not be around for very much longer.
Moneywise
The IRS just made a ruling on 401(k) company matches that will change the way Americans apply contributions
One company has just started allowing it.
NBC News
Russia fines Google more than the world's entire GDP
A Russian court has fined Google $20 decillion over the YouTube parent blocking Russian media outlets in the wake of Vladimir Putin's war in Ukraine.
Fortune
Starbucks says workers risk ‘separation’ if they don’t go into the office at least three days a week while its CEO commutes in via company jet
The coffee company will enforce hybrid rules for corporate employees starting in January.
Benzinga
Mark Cuban Says These 3 Skills Will Always Pay Dividends For Your Career
In an era when artificial intelligence (AI) threatens to reshape the job market, billionaire entrepreneur Mark Cuban points to three timeless skills that will keep workers competitive: curiosity, agility and adaptability. “I can pretend that I’m gonna be able to predict where AI’s going and the exact impact on the job market, but I’d be lying, I have no idea,” Cuban told CNBC Make It. “But I do know that I am gonna pay attention and be agile and be curious and be able to adapt.” Don't Miss: This
CNN
Judge rules civil lawsuit against Sean ‘Diddy’ Combs cannot proceed under a pseudonym
A federal judge said a woman who accused Sean “Diddy” Combs of sexually assaulting her cannot proceed with her lawsuit under a pseudonym after finding the rapper has a right to defend himself.
TechCrunch
US drone maker Skydio faces battery squeeze after Chinese sanctions
America’s supply chain vulnerabilities were on full display Thursday after drone manufacturer Skydio told customers it was facing a battery squeeze after being hit with sanctions from China. “This is an attempt to eliminate the leading American drone company and deepen the world’s dependence on Chinese drone suppliers,” Skydio CEO Adam Bry said in a letter to customers first reported by the Financial Times. The company, which provides drones to Ukraine’s military and Taiwan's National Fire Agency, manufacturers its products in the United States but still relies on a global supply chain for many of its components; one of the most critical components, batteries, are still sourced in China.
Business Insider
GM CEO Mary Barra says there's so much EV competition in China that it's driving a price war that isn't sustainable
General Motors CEO Mary Barra says the EV race in China is largely driven by a pricing competition, with asking prices getting "lower and lower."
Fortune
Starbucks needs you to rein in highly customized drink orders—’We have some cleanup to do,’ CEO Brian Niccol says
Starbucks’ new CEO, Brian Niccol, wants to bring back the chain’s “coffeehouse vibe.”
AFP
EU's extra tariffs of up to 35.3% on Chinese EVs angers Beijing
The EU's decision to impose hefty tariffs on Chinese-made electric cars prompted anger from Beijing on Wednesday, after an anti-subsidy probe concluded China's support undercut European automakers.Brussels' probe found that China's state subsidies were unfairly undercutting European automakers.
Reuters
VW demands 10% wage cuts to save jobs as profits plunge
WOLFSBURG, Germany (Reuters) -Volkswagen asked its workers to take a 10% pay cut on Wednesday, arguing it was the only way that Europe's biggest carmaker could save jobs and remain competitive as profits plunged to a three-year low and union bosses threatened strikes. It was the first official confirmation of cost-cutting measures VW wants to implement to turn around its fortunes as high costs and weak demand in China dragged down sales and left its factories bloated from overcapacity. The company did not address directly the issue of whether it planned to close factories in Germany for the first time in Volkswagen's 87-year history, though labour representatives said that option remained on the table.
Yahoo Finance
Starbucks CEO: Plans underway to pause price increases, remove iced energy drink, make coffee in 4 minutes or less
New Starbucks CEO Brian Niccol is trying to tackle baristas, customers, and investors' biggest problems after the chain reported disappointing Q4 results.
Reuters
Toyota worldwide output drops for 8th straight month in September
Toyota Motor said on Wednesday its worldwide production fell for an eighth straight month in September, as both sales and output declined in its two biggest markets, the United States and China. The Japanese automaker's global output for September fell 8% compared to the same month a year earlier to 826,556 vehicles, with U.S. production down 14% and that in China dropping 19%. Toyota resumed production of the suspended models on Oct. 21, it said.
Reuters
Exclusive-China tells carmakers to pause investment in EU countries backing EV tariffs, sources say
SHANGHAI (Reuters) -China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe. The new European Union tariffs of up to 45.3% came into effect on Wednesday after a year-long investigation that divided the bloc and prompted retaliation from Beijing. Ten EU members including France, Poland and Italy supported tariffs in a vote this month, in which five members including Germany opposed them and 12 abstained.
Moneywise
US banks are closing local branches at a rapid pace — here's why that could be a problem for you
Americans may not be ready to say goodbye to brick-and-mortar banks.
Motley Fool
Does Bill Ackman Know Something Wall Street Doesn't? The Billionaire Sells 2.2 Million Shares of a Popular Artificial Intelligence (AI) Stock
Bill Ackman sold Alphabet shares in the second quarter despite most analysts being bullish on the stock.
Fortune
Toyota’s hybrid success can’t make up for recalls, faulty data, and Chinese competition, as September sales slump 7.4%
The decline was especially stark in Japan, after Toyota halted production of some models owing to a faulty data scandal.
Business Insider
A Russian court hit Google with a fine larger than the world's GDP, stretching credulity
At the current exchange rate, the fine is equivalent to around $20.6 decillion, or about $20,604,600,000,000,000,000,000,000,000,000,000.

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