GM, Tesla, Toyota urge US to extend USMCA free trade deal

A potential government shutdown next week could lead to the closure of certain airspace in the US, raising concerns about 'mass chaos' according to an official. This situation could disrupt travel and operations significantly.

The U.S. housing market is facing a significant affordability crisis, with home buyers needing to earn six figures to afford a median-priced home. This situation is pushing many millennials and Gen Z individuals out of the homeownership race, as boomers continue to dominate the market.

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.

Tesla is facing a lawsuit over its hidden door handles, which have been linked to safety issues. The company acknowledged the design flaw in September and is working on a solution to combine electronic and manual door-release mechanisms. Longtime design chief Franz von Holzhausen has confirmed these plans, highlighting Tesla's commitment to addressing the problem.

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.

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.

Molson Coors has reported a loss in the latest quarter, highlighting the challenges faced by the beer industry due to shifting consumer preferences and ongoing macroeconomic pressures.

Capital One has announced a quarterly dividend of $0.80 on its common stock, reflecting the company's strong financial performance and commitment to returning value to its shareholders.

Chewy's stock has seen a rise following Mizuho's announcement regarding a price increase for Chewy+. This positive development reflects investor confidence in the company's growth strategy.

Viavi Solutions director Barnes has sold $931,000 worth of stock, a move that has caught the attention of investors. This transaction reflects ongoing activities within the company and may influence market perceptions.

McNab Paul, the Executive Vice President of Viavi Solutions, has sold $219,000 worth of stock in the company. This transaction is part of his regular financial management and does not indicate any significant changes within the company.

Transportation Secretary Sean Duffy warns of impending chaos in air travel due to a potential shutdown, highlighting that while many air traffic controllers can handle missing one paycheck, two could lead to serious issues.