November 14, 2025

Boeing defense workers voted Thursday to approve a new contract ending their strike that began August 4. About 3,200 workers mostly in St. Louis stopped building F-15 fighter jets and other military aircraft. The new contract includes 24% pay raises over five years and a $6,000 upfront bonus. This will raise average base pay from $75,000 to $109,000. Workers rejected previous offers, but accepted the proposal. The strike was their first since 1996 and delayed fighter production for Boeing’s defense division which accounts for 30% of company sales. 

Michael Burry, famous for predicting the 2008 housing crash shown in “The Big Short” movie, is closing his hedge fund Scion Asset Management. He told investors his estimation of value in securities does not sync with the markets anymore. Burry spent $9.2 million on put options betting against Palantir stock. He has criticised big technology companies for using aggressive accounting to inflate profits. The SEC shows Scion’s registration was terminated on November 10. Burry posted that he is moving on to better things starting November 25.

Starbucks workers went on strike Thursday in more than 40 cities during Red Cup Day, one of the biggest sales days for the chain. The union says that more than 1,000 baristas at more than 65 stores joined the work stoppage, while Starbucks maintained that the strike had limited impact, citing that they exceeded their sales expectations. Workers are demanding better hours, higher wages, and resolution of unfair labor practice charges. The union represents about 4% of Starbucks workers. Both sides blame each other for failed negotiations.

Oil prices surged about 2% on Friday following an attack on an oil depot in Novorossiysk, Russia’s second-largest export port, by Ukraine. This pushes Brent crude to $64.25 a barrel, and West Texas Intermediate to $59.94. A ship was damaged and three crew members were injured in that attack. That incident came two weeks after a big attack raised fears of supply disruptions. US sanctions on Russian oil companies Lukoil and Rosneft take effect on November 21. JPMorgan says 1.4 million barrels per day of Russian oil is stuck on tankers. 

Apple’s new iPhone Pocket is a ribbed fabric pouch priced at $229.95 and created in collaboration with designer Issey Miyake. The limited-edition crossbody bag is meant to act as an extra pocket, stretching to fit any iPhone along with a few daily essentials. It comes in a handful of colours and two strap styles, and will be available starting November 14 at select Apple Stores and online in major markets. The price immediately sparked jokes and debate on social media, though Apple points to the craftsmanship and textile design behind the piece, saying it’s meant to blend technology with personal style. Industry observers view the release as another sign of wearable tech moving closer to the fashion world, where function and aesthetics increasingly overlap.