Earnings season kicks into high gear in the coming week.
McDonald's is likely to post an increase in third-quarter profits and sales.
Investors will also be looking for word on how McDonald's hopes to capitalize on two recent trends - the chicken sandwich craze and the demand for meat-alternative burgers.
In September, McDonald's started testing a Beyond Meat plant-based burger in Canada.
Mickey D's results come out on Tuesday.
On Wednesday, Caterpillar - another global economic bellwether is due to report.
Not only is it coping with a sluggish global economy - its business is being negatively impacted by the steel and aluminum tariffs slapped on by the Trump administration.
Morgan Stanley downgraded the stock heading into the results, citing what it called deterioration in Caterpillar's three key end-markets: construction, energy and transportation, and resources.
Fresh off allegations from the Federal Aviation Administration that Boeing employees may have misled about the safety of the now grounded 737MAX before two deadly plane crashes, Boeing reports results.
This will also be the first time investors hear from CEO Dennis Muilenberg since he was stripped of his chairman title.
Rounding out some other key results: Microsoft reports on Wednesday, followed by Amazon on Thursday.
On the economic front: Updates on sales of new and previously owned homes.
And investors get preliminary manufacturing survey data for October.
Wall Street is looking for signs to see if the first contraction in U.S. factory activity in three years was a one-month blip or continued into October.
Business Insider reports roughly 34,000 current and former McDonald's fast-food workers in California are due a check for as much as just under $4000. McDonald's has agreed to settle with workers for a total of $26 million in a case originally filed in 2013, over wage theft by the company. Workers say the company engaged in illegal practices in various ways.
British Airways’ last two Heathrow-based Boeing 747 planes have embarked on their final flights, with one landing at St Athan Airfield in Wales, and the other at Kemble Airfield in the Cotswolds. Report by Patelr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A VVIP aircraft Air India One arrived at Delhi International Airport on Thursday. The aircraft was delivered from the USA and will be used for the President, Vice-President and Prime Minister. The B&&& Aircraft was scheduled to be delivered by Boeing to Air India in July. The aircraft is equipped with an advanced communication system where audio and video functions can be availed at mid-air without being hacked. Watch the video for more details.
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On Wednesday, the U.S. House Transportation and Infrastructure Committee released a 245-page report about the deadly Boeing MAX jet crashes. The two plane crashes in 2018 and 2019 weren’t a result of one single issue. They were caused by the failures of Boeing staff, Boeing management, and the Federal Aviation Administration. "A series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA.
CBS aired clips of both Trump and Biden's upcoming '60 Minutes' interviews, and then Trump delivered on his promise and posted the full interview video to Facebook. Also is a pro-Trump documentary getting the cold shoulder from Amazon and Facebook?
Credit: The Hollywood Reporter Duration: 03:47Published
Prime Minister Narendra Modi attended inaugural function of Grand Challenges Annual Meeting 2020 via video-conferencing on October 18. Microsoft founder Bill Gates also interacted with PM Modi during the meet. During the virtual meeting, PM Modi said, "This meeting was to be held physically in India but in changed circumstances, it is being held virtually. Such is the power of technology that a global pandemic did not keep us apart. The future will be shaped by societies that invest in science and innovation. But, this cannot be done in a short-sighted manner. One has to invest in science and innovation well in advance. That is when we can reap benefits at the right time." He further said, "In India, we have a strong and vibrant scientific community. We also have good scientific institutions. They have been India's greatest assets, especially during the last few months, while fighting COVID-19. From containment to capacity building, they have achieved wonders. Today, we are seeing a decline in the number of cases per day and the growth rate of cases. India has one of the highest recovery rates of 88%. This happened because India was one of the first countries to adopt a flexible lockdown. India is now at forefront of vaccine development for COVID-19."
On Thursday, Beyond Meat launched an online portal for buying its products directly. The company plans to use the platform to test out new items. The packages of faux meat will cost you between $50 and $72. Customers will have a variety of options for trying out Beyond’s burger, sausage, and beef. The company’s chief growth officer, Charles Muth, told Gizmodo they will use the website to introduce new products and gather customer feedback.
Former Vice President Joe Biden said his environmental plan would "transition from the oil industry" in favor of renewable energy sources, prompting President Donald Trump to go on the attack during a discussion on climate change at the final presidential debate on Thursday.
U.S. President Donald Trump, pressed on the issue of Black Lives Matter at the final presidential debate Thursday said, "I'm the least racist person in this room." Democratic presidential nominee Joe Biden blasted that as empty rhetoric, adding, "This guy has a dog whistle about as big as a foghorn."
Wall Street lost ground on Tuesday, with halted COVID-19 vaccine trials and an elusive U.S. stimulus agreement weighing on sentiment as third quarter earnings season got underway. Fred Katayama reports.
U.S. stocks fell sharply Tuesday to close lower after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election. Fred Katayama reports.
Future tax policy, fiscal spending and budget deficit reduction plans are some of the key things Wall Street will be listening for in the first 2020 U.S. presidential debate, chief investment officer Hugh Johnson told Reuters business correspondent Conway G. Gittens.
Federal Aviation Administration Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, saying after that he liked what he saw, but there is more to be done following a ban after fatal crashes.
FAA chief Steve Dickson will take the controls of a Boeing 737 MAX on Wednesday, testing upgrades that the planemaker says should prevent a repeat of the two fatal crashes that saw the jet grounded. Julian Satterthwaite reports.
Two Boeing 737 MAX crashes that killed all 346 passengers and crew aboard were the "horrific culmination" of failures by the planemaker and the Federal Aviation Administration, a U.S. House panel concluded after an 18-month investigation. Fred Katayama reports.
Are we looking at Apple's next iPhone moment? Apple said earnings for the three months ending in September, its fiscal fourth quarter, came in at $3.03 per share, a 6.7% increase from last year and a..