Chipotle tests automation for burrito bowls and salads
Chipotle Mexican Grill is testing whether automation can make customers’ burrito bowls and salads. It’s the second time the burrito chain has publicly announced testing automation at its innovation center. Chippy, Chipotle’s first foray into automation, is a robot that makes tortilla chips. The company began testing Chippy at a California restaurant a year ago […]
New England’s housing markets ‘heat up’ as home prices jump in August
Home prices rose in August, with New England states leading the pack. U.S. home prices rose by 3.7% in August, compared to the previous year, according to a report released Tuesday by CoreLogic. The median sales price of a single-family home was $375,000 in August. Ranked by states, New Hampshire saw the biggest growth in […]
GM third quarter sales jump 21% as UAW strike slowly expands
United Auto Workers (UAW) members and supporters on a picket line outside the General Motors Co. Flint Processing Center in Swartz Creek, Michigan, US, on Monday, Sept. 25, 2023. Emily Elconin | Bloomberg | Getty Images DETROIT – An ongoing strike by the United Auto Workers union against the Detroit automakers had little to no […]
FDA, CDC back Novavax updated Covid vaccine
A vial labelled “Novavax V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. Dado Ruvic | Reuters Novavax‘s updated Covid vaccine won the backing of U.S. regulators on Tuesday, putting the shot on track to roll out weeks after new jabs from Pfizer and Moderna reached Americans. The Food and Drug Administration […]
Teledyne Technologies to acquire Xena Networks
Industrial markets technology provider Teledyne Technologies TDY, -0.74% will acquire Xena Networks, which provides high-speed terabit ethernet validation, assurance and production test solutions. Terms of the deal weren’t disclosed. Teledyne Chief Executive Robert Mehrabian said Tuesday the acquisition will further establish its leadership in the protocol test market. The acquisition is the latest disclosed by […]
United Airlines buys 110 additional Boeing, Airbus
A Boeing 787 Dreamliner operated by United Airlines takes off at Los Angeles International Airport (LAX) on January 9, 2013 in Los Angeles, California. David McNew | Getty Images United Airlines is ordering 110 additional Boeing and Airbus jetliners, locking in a supply of new planes into the next decade as strong demand and supply […]
Rising Treasury yields are upsetting financial markets. Here’s why.
Treasury yields remained on a seemingly unrelenting rise on Tuesday that continued to rattle investors across global financial markets. The longest-dated yield in the roughly $25 trillion Treasury market hurtled toward 5% on Tuesday, on pace to join its 10-year counterpart at the highest levels since the period before the 2007-2009 recession. The rate on […]
Mortgage rate heads toward 8%
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according to Mortgage News Daily. Mortgage […]
Beyonce Renaissance concert film to boost box office
Beyoncé performs onstage during the “RENAISSANCE WORLD TOUR” Kevin Mazur | Getty Images Entertainment | Getty Images Movie theaters will become a Bey Hive this December. Hot off the heels of a distribution deal to bring Taylor Swift’s filmed Eras Tour to cinemas, AMC Entertainment has partnered with Parkwood Entertainment to bring a documentary on […]
How Treasury market upheaval is rippling through global markets in 4 charts
Soaring U.S. government bond yields sent shock waves across global markets in September. Now, yields have started October by pushing even higher, threatening to upend markets and the economy. Signs of stress in the Treasury market abound. As prices across the bond-market have slumped, some long-dated Treasury securities have been trading below 50 cents on […]
