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Snacks / Monday, February 01, 2021

Max loss... Boeing shares fell 6% for the week, after the plane-maker posted a record loss of nearly $12B last year. Refresher: Boeing's 737 Max jets were grounded for nearly two years following two fatal crashes. For basically all of 2020, they were sitting in parking lots burning cash. Meanwhile, the pandemic sapped demand for Boeing's other jets, too —  especially its newest plane, the 777X, which is meant for long-haul flights. It was supposed to roll out this year — now Boeing doesn't expect it'll debut until 2023 (read: expensive delay).

A sweet cream Cold Brew... to ease the pain. Starbucks shares dropped 7% last week, after the caffeinated legend revealed that dining restrictions hurt its biz (shocker). While you were whipping up Keurig cups and instant coffee at home, Starbs' sales fell a worse-than-expected 5% last quarter — and profit plunged 30% from a year earlier. Despite that, Starbucks' mobile-order game was strong: app orders increased nearly 50% since the start of the pandemic.

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