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McDonald’s executives say E. coli outbreak is ‘behind us’
A week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that the situation is now behind them. “How we’ve handled the issue, now that we’re moving … we view it as being behind us,” Kempczinski said on the company’s call Tuesday. During his […]
Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
DETROIT — The automotive industry has become a crucial topic during the 2024 presidential election as Michigan — home of the Motor City and 1.1 million automotive jobs — remains a critical swing state. Vice President Kamala Harris, former President Donald Trump, and their running mates and supporters have made Michigan a second home in recent weeks […]
Chipotle misses revenue estimates as same-store sales growth disappoints
Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell 3% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Chipotle reported third-quarter net income of $378.4 million, or 28 cents […]
North Korean troops have been sent to Russia, U.S. confirms
North Korea has sent troops to Russia, the United States said Wednesday, its first public confirmation of a move that has rattled Western allies and could mark a major escalation of Moscow’s war in Ukraine. “There is evidence of DPRK troops in Russia,” Defense Secretary Lloyd Austin told reporters in Rome, using the abbreviation for North Korea’s formal name, […]
Hamas leader Yahya Sinwar has been killed, Israeli foreign minister says
Israeli Foreign Minister Israel Katz on Thursday said Hamas leader Yahya Sinwar was killed by Israel’s military forces. “The elimination of Sinwar creates an opportunity for the immediate release of the hostages and a potential change that could lead to a new reality in Gaza—without Hamas and without Iranian control,” he said in a statement, […]
Power goes out on the entire island of Cuba, leaving 10 million people without electricity
Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according to Cuba’s energy ministry. The government had tried to keep the lights on earlier in the day by closing schools and having most state workers stay home in an effort to […]
Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion
The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards. While Vice President Kamala Harris has said on the campaign trail she’ll encourage crypto as a part of her economic agenda, […]
Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say
Wall Street analysts expect a further slowdown in spot trading volume for Coinbase (COIN) in the third quarter, partly triggered by a lack of catalysts for crypto and an uncertain regulatory environment heading into the presidential election. The crypto exchange, when it reports its earnings post-market on Wednesday, is expected to experience a revenue decline […]