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Welcome to The Money, where we break down financial news and provide the TL;DR version of how decisions by the Federal Reserve, government and companies impact you.

Boeing?factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg's plan to shore up the finances of the struggling planemaker.

The vote was 64% in opposition to the deal, which offered a 35% rise in wages over four years, in a major setback for Ortberg who took the top job in August on a pledge to work more closely with factory workers than his predecessors.

Boeing's bleeding money, with planned layoffs to preserve cash. Earlier this week, it reported a loss of more than $6 billion in the three months ended September.

E. coli forces McDonald's to pull some Quarter Pounders

McDonald's has pulled the Quarter Pounder from about one-fifth of its restaurants over concerns linking the sandwich to an E. coli outbreak , which has killed one and sickened at least 49.

But the fast food giant says consumers should feel safe eating at its restaurants across the U.S., and in parts of the U.S. where the Quarter Pounder has been removed from the menu.

But what about someone who has a hankering for a McDonald's burger and fries in states where there's no Quarter Pounder on the menu? Is it really safe? Well, that depends on your capacity for risk, experts say.

No one's buying homes. Why are they still so expensive?

U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices.

The second straight monthly decline in home resales reinforced economists' views that the slump in residential investment, which includes homebuilding, deepened in the third quarter. The housing market has struggled to rebound after being knocked down by a resurgence in mortgage rates in the spring.

Though supply has improved, entry-level homes remain scarce in most regions of the country, keeping home prices at levels that are unaffordable for most first-time buyers.

"It will take more rate cuts and more options to bring buyers back," said Jennifer Lee, a senior economist at BMO Capital Markets.

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Ming Hai Chow

revenue | resiliency | innovation | analysis | art & culture | economy | luxury | sustainability | hospitality | gender equality | growth | philosophy | history

3 周

How do I know if it's true or not? All articles are purged n written by AI for RELEVENCY based communications. I think until you know how to write personalized email to the target, better verify with human with all the online information

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Habiba Zaman

Sales And Marketing Specialist at Amazon virtual assistant and freelancer

1 个月

Great

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