Stellantis struggles, Boeing bungles, and AMD chases Nvidia: Business news roundup

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Photo: Stefano Guidi (Getty Images), NASA, JHVEPhoto (Getty Images), Jennifer Buchanan (Getty Images), NASA Johnson, Ashish Vaishnav/SOPA Images/LightRocket (Getty Images), Image: Brandon Bell (Getty Images), Uncredited (AP)

Photo: Stefano Guidi (Getty Images)

Photo: NASA

AMD headquarters in Santa Clara, California.
Photo: JHVEPhoto (Getty Images)

Semiconductor maker Advanced Micro Devices (AMD) will acquire cloud computing solutions firm ZT Systems for $4.9 billion, in a move that will help it compete against artificial intelligence chip rivals like Nvidia.

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A Boeing 777X flight test aircraft.
Photo: Jennifer Buchanan (Getty Images)

Image: Brandon Bell (Getty Images)

This summer, gas prices are lower than they have been in the past. In some places though, some gas stations have a “I know what I have” attitude, resulting in some seriously high prices. One desert gas station is like this, and it doubles down on the pricing with a disclaimer for customers.

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No (clean) shoes, no (clean) shirt but I still get service.
Photo: NASA Johnson

A man walks past a painting of an airport
Photo: Ashish Vaishnav/SOPA Images/LightRocket (Getty Images)

The Federal Aviation Administration has three categories for America’s so-called “hub” airports, or the ones that see the most passenger traffic. There are the small hubs that get 0.05 to 0.25% each of all commercial enplanements. There are the medium hubs that 0.25 to 1% each of all commercial enplanements. And then there are the large hubs that get 1% or more all commercial enplanements apiece. One might think that these large hubs, which saw more than 10 million passengers each last year, would have a hard time getting busier year-over-year. But that’s not the case, with many of them seeing double-digit growth.

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In this photo taken Monday March 5, 2018 a woman waits for a refund on returned processed foods at an outlet near Johannesburg.
Image: Uncredited (AP)

It’s been a very busy summer for food recalls in the U.S., ranging from summer classics like ice cream and hot dogs to fresh produce. Fortunately, only a recall of seven million pounds of deli meat has been linked to any deaths — three so far. Past recalls from around the world of cheese, meat, cantaloupe, and more have been far more deadly and underscore the critical importance of proper sanitation throughout every stage of food production and distribution.

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How will Disney replace Bob Iger? A Morgan Stanley exec is leading the search for a replacement

Current Disney CEO Bob Iger is set to step down from his role — for the second time — in 2026.

How Starbucks can succeed, according to a former Amazon exec

John Rossman, who played a pivotal role in leading the launch of Amazon’s Marketplace, says Starbucks should ask itself ‘What Sucks?’

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“This is one clever item!!”

“After hailing excellent sales and profits in 2023 despite global struggles and strike action here in America, Stellantis (STLA) hasn’t been as fortunate so far in 2024. The automaker has…”

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Source Link: https://qz.com/stellantis-boeing-starliner-amd-nvidia-1851630390

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