Flashback: In an internal memo sent in September viewed by Axios, CEO Jane Fraser noted that some restructuring changes would be "communicated and implemented by the end of November, and final changes will be made by the end of the first quarter of 2024."
Another day, another report of Starlink's plans to go public, Hope writes.
Bloomberg's latest reporting today suggests that parent SpaceX is in talks to spin off the satellite internet business as soon as late 2024, but CEO Elon Musk denied it with a one-word response on X, "False."
Why it matters: Starlink is a significant driver of SpaceX's valuation, which has skyrocketed (pun intended) from $28 billion in 2018 to $150 billion this year.
Investor interest has naturally followed — especially as prominent shareholders throw out expectations like Ron Baron did last week, saying that SpaceX could be worth $500 billion by 2030.
In-N-Out Burger likes to say that "quality is everything."
That's something a Treasury secretary can get behind.
Driving the news: Janet Yellen was spotted at the iconic burger chain yesterday by a Bloomberg reporter as the secretary headed to the airport to greet China's leader Xi Jinping.
A Treasury Department spokesperson reportedly confirmed she ordered a cheeseburger with fries and onions.
The worker vote on the proposed settlement between General Motors and the UAW is going down to the wire, while the deals at Ford and Stellantis are cruising toward approval.
Why it matters: If a majority of UAW members who work for the automaker reject the agreement, it could reignite the union's strike against GM until negotiators can broker a new deal.
It's not the summer splurge that defined the last few months. Instead, October's retail sales data shows consumer spending might be landing in the sweet spot that could allow America to achieve a soft landing.
Why it matters: Consumers slowed spending last month, but by less than analysts expected — and alongside revisions that showed stronger late summer activity than previously thought.
Despite a pullback in inflation over the last year, Americans do not appear to be snapping back into their pre-pandemic comfort that low, stable inflation is the normal state of things.
Why it matters: Inflation expectations can be self-fulfilling. To the extent Americans view elevated inflation as a long-term condition, it could make it more likely to come true — or require the Federal Reserve to undertake more painful action to overcome inflationary momentum.
Starbucks is giving away free reusable cups Thursday for its sixth Red Cup Day.
Why it matters: The coffee giant's highly anticipated day is considered the start of the holiday season by many and comes two weeks after holiday drinks returned.
China's economic struggles add an unpredictable element to President Biden's meeting with Chinese leader Xi Jinping on Wednesday.
Why it matters: There's not much transparency into the decision-making process of China's ruling Communist Party, so little is known about how top officials are reacting to domestic economic difficulties.
The cost of the average Thanksgiving dinner is falling after years of rising prices and a record high in 2022.
Why it matters: The American Farm Bureau Federation's annual Thanksgiving survey, out Wednesday, shows that lower turkey prices are making the holiday meal more affordable.
Despite being known as Turkey Day, food lovers know that it's the sides that can make or break a Thanksgiving dinner. With so many options to choose from, the Axios team wants to know — what are your top-tier side dishes?
What's happening: We want you to vote for your favorite side dishes! We've matched up 20 classic and regional sides to choose from. Axios readers' winning dishes will be announced on Nov. 22, the day before Thanksgiving.
