US refiner Marathon Petroleum misses profit estimates on higher turnaround costs

Starbucks is adjusting its strategy in China, highlighting the challenges Western brands face in capturing this lucrative market. With the CEO now able to focus more on revitalizing the U.S. business, the company aims to navigate the complexities of international expansion.

A recent Salvation Army survey reveals that less than half of Canadians feel financially optimistic, largely due to U.S. tariffs. The survey highlights that 86% of respondents believe these tariffs are increasing the cost of essential household items, with 79% stating that low-income families are suffering the most.

A potential government shutdown next week could lead to the closure of certain airspace in the United States, raising concerns about mass chaos in air travel. This situation is critical as it could disrupt flights, affect travelers, and create significant operational challenges for airlines and airports. The implications of such a shutdown extend beyond just inconvenience, potentially impacting the economy and safety in the aviation sector.

In an exciting development for the weight loss industry, Novo Nordisk and Pfizer are intensifying their bidding war for the US start-up Metsera. A US judge has decided not to intervene, stating that the ongoing competition is beneficial for Metsera's stockholders, which highlights the potential value and innovation in the weight loss sector. This situation not only reflects the growing interest in effective weight management solutions but also underscores the competitive landscape among major pharmaceutical companies.

In his first budget, Canadian Finance Minister Carney outlines ambitious plans for generational investments aimed at strengthening the economy amid ongoing trade tensions with the U.S. This budget is significant as it not only addresses immediate economic challenges but also sets the stage for long-term growth, reflecting a commitment to innovation and sustainability. Carney's approach signals a proactive stance in navigating complex trade relationships, which is crucial for Canada's economic resilience.

In October, US motor vehicle sales experienced a notable decline, largely attributed to the expiration of electric vehicle (EV) subsidies. This drop is significant as it highlights the impact of government incentives on consumer purchasing behavior, particularly in the growing EV market. As subsidies fade, potential buyers may hesitate, affecting overall sales and the industry's shift towards sustainable transportation.

This year, America's wealthiest billionaires saw their fortunes swell by a staggering $698 billion, while the average home gained just $83,000. This stark contrast highlights the growing wealth gap, which could widen even further due to President Trump's tax policies, job shortages, and the threat of a recession. It's a concerning trend that raises questions about economic fairness and the future stability of the middle class.

The median age of first-time homebuyers in the US has reached a record-high of 40, highlighting the challenges many Americans face in achieving homeownership. With soaring prices and rising mortgage rates, more people are finding it difficult to enter the housing market, which could have long-term implications for the economy and individual financial stability.

Rush Enterprises B stock has reached a concerning 52-week low, trading at $49.11. This decline raises questions about the company's performance and market conditions.

IBM is reportedly planning to cut thousands of jobs, raising concerns about the future of employment within the company. This move reflects ongoing challenges in the tech industry and could impact many employees.

Apollo has decided to withdraw its bid to take the pizza chain Papa John's private at $64 a share, according to sources. This move raises questions about the future of the company and its strategic direction.

As Wall Street prepares for the upcoming NYC mayoral vote, analysts are also keeping an eye on the governor races, which could provide insights into the midterm elections. The political landscape is shifting, and the outcomes may influence economic forecasts.

A judge has ruled that the Trump administration may reconsider the approval of the SouthCoast Wind project. This decision opens the door for potential changes in the project's future, reflecting ongoing debates about energy policies and environmental impacts.

Gestamp's recent presentation for the first nine months of 2025 revealed a rise in profitability, even as revenue experienced a decline. Despite this positive news, the company's stock saw a dip, raising questions about market reactions.