Markets Now 11/16

Mars is paying $661 million for Britain’s biggest independent chocolate maker

Mars is buying Hotel Chocolat in a deal that values Britain’s largest independent chocolate maker at £534 million ($661 million) and could boost its growth prospects outside of the United Kingdom.  
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Analysis: The Fed is probably done hiking rates. Cuts are still far off

The Federal Reserve likely won’t raise rates again during its current tightening cycle, thanks to a cooldown in inflation.  
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Largest Starbucks strike in history is planned for Thursday. It shows US labor unrest isn’t over yet

Thousands of Starbucks workers at hundreds of stores will be on strike, as they protest the lack of their first contract despite a nearly two-years long organizing drive at the coffee chain.  
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China is willing to be a ‘partner and friend’ of the US, Xi tells American CEOs

China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China.  
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Mars is paying $661 million for Britain’s biggest independent chocolate maker

Mars is buying Hotel Chocolat in a deal that values Britain’s largest independent chocolate maker at £534 million ($661 million) and could boost its growth prospects outside of the United Kingdom.  
Read full article

GM rank and file ratify labor deal, ending threat of a renewed strike

Rank-and-file members of the United Auto Workers union have approved their labor deal with General Motors, despite significant opposition that saw it voted down by workers at more than a dozen plants.  
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Source: CNN Business