Fifty Years On Drop Dead Headline Endures

 

Fifty years after William J. Brink penned the New York Daily News headline Ford to City: Drop Dead, its blunt force lingers. The line keeps resurfacing, from Montana’s Char-Koosta News to the New York Post, and in Trump-era politics. Ford never said the words, but acknowledged the headline, underscoring his...

China to buy US soybeans for three years

 

China agreed to buy 25 million metric tons of U.S. soybeans annually under a three-year deal reached by its leaders, Treasury Secretary Scott Bessent said Thursday. He said China will start with 12 million metric tons between now and January. In an interview on Fox Business Network’s Mornings with Maria,...

Xi Leverages Trade Clout to Win Concessions

 

After meeting President Trump on Thursday, Xi Jinping emerged self-assured — and the talks appeared to justify it. By wielding China’s near-monopoly on rare earths and its buying power for U.S. soybeans, Xi secured U.S. concessions: lower tariffs, suspended port fees on Chinese ships, and a delay to export controls...

Eli Lilly Lifts Outlook After Strong Quarter

 

Eli Lilly posted third-quarter results that topped expectations and raised its outlook, sending shares up 5% premarket. Adjusted EPS reached $7.02 on revenue of $17.60 billion, beating estimates. The company now targets fiscal 2025 revenue of $63–$63.5 billion and full-year adjusted profit of $23–$23.70 per share. Demand for GLP-1 drugs...

Stellantis Warns of Charges, Shares Slide

 

Stellantis warned of one-off charges in the second half as it navigates political, economic and regulatory pressures, yet reaffirmed guidance on improving revenue, cash flow and operating income. Third-quarter net revenues rose 13% to 37.2 billion euros, topping consensus, driven by North America and Europe. Shares fell as much as...

Ramsey Naito Exits Amid Paramount Ellison Shake-Up

 

Paramount Animation president Ramsey Naito is stepping down as David Ellison’s new regime cleans house at the studio. Her exit comes amid roughly 1,000 cuts at Skydance-owned Paramount aimed at $2 billion in savings, alongside several senior departures. Naito’s tenure spanned reviving Teenage Mutant Ninja Turtles: Mutant Mayhem (nearly $182M...

Markets Slip After Trump-Xi Summit; Yen Weakens

 

Markets lost steam after Presidents Donald Trump and Xi Jinping ended a summit aimed at easing trade tensions. US equity-index futures erased gains, leaving S&P 500 contracts flat, while Asian shares slipped 0.1%. The yen weakened. Sentiment cooled further after Fed Chair Jerome Powell cautioned that a December rate cut...

Starbucks revenue beats, EPS misses as comps improve

 

Starbucks posted a mixed fourth quarter: revenue rose 5.5% to $9.57 billion, topping forecasts, while adjusted EPS fell 35% to 52 cents, missing estimates. Global same-store sales grew 1%, beating expectations, with U.S. comps flat but turning positive in September and into October. In China, comps rose 2% on 9%...

Record Revenue, Tax Charge Weighs on Meta

 

Meta posted a record third-quarter revenue of $51.2 billion, up 26%, but a one-time $15.93 billion tax charge tied to the U.S. One Big Beautiful Bill Act slashed profit and sent results below expectations. Net income fell to $2.71 billion, or $1.05 per share, versus a $6.69 consensus; excluding the...

GM Cuts EV Jobs, Pauses Battery Production

 

General Motors laid off roughly 1,700 workers in Michigan and Ohio, including about 1,200 at Detroit’s EV plant and 550 at Ultium Cells in Ohio, with 850 additional temporary layoffs there. The company will also temporarily lay off 700 at Ultium Cells’ Tennessee site and pause battery cell production in...