Wall Street’s main indexes slid on Wednesday, with the Dow plunging more than 600 points, as worries of a less dovish Federal Reserve lifted Treasury yields, pressuring megacap stocks and amplifying losses in McDonald’s and Coca-Cola shares.In afternoon trading The Dow Jones Industrial Average tumbled 566 points, or 1.3%, to 42,358. The S&P 500 lost 1.5%, and the Nasdaq dropped more than 2%.The benchmark index is set to log its third consecutive day of decline, if losses hold. 3 The Dow and and S&P 500 we ...

A map from the Centers for Disease Control and Prevention shows the states in which people have fallen ill after eating McDonald’s Quarter Pounder burgers and contracting E. coli.An outbreak of E. Coli that sickened 49 people and killed one across 10 states was first linked to the Golden Arches’ famous hamburgers on Tuesday evening.Colorado and Nebraska are the states with the highest number of confirmed cases. At least 26 people have fallen ill in Colorado, including one older adult who died, the CDC said. ...

McDonald’s shares plunged as much as 6% Wednesday after an outbreak of E. coli that sickened almost 50 people and killed one was linked to the Golden Arches’ famous Quarter Pounder hamburgers.The largest burger chain in the world saw its shares drop from $314.70 a share at Tuesday’s closing to $299.61 a share by late Wednesday morning.“This public health scare is the last thing McDonald’s needs given that it’s already been struggling to drive growth,” said Susannah Streeter, head of money and markets at Har ...

Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a “fundamental culture change” at the struggling planemaker as its quarterly losses surged to $6 billion due to a crippling strike.The company has now racked up losses of nearly $8 billion for the current year, as a halt in production of its 737 MAX, 777 and 767 planes following the strike and an ailing defense and space division hammer its business.Boeing shares slipped 3% on Wednesday. 4 Boeing, headed ...

Starbucks shares dropped Wednesday after the company warned its inflation-battered customers are cutting back on its pricey coffee — even as its new CEO Brian Niccol begins a turnaround bid. The Seattle-based java giant released preliminary results for the latest quarter, revealing its same-store sales dropped 7% in the fourth quarter — its steepest decline since the pandemic. Preliminary sales fell 3% to $9.1 billion in revenue, below expectations of $9.4 billion. 3 Starbucks shares were poised to plunge o ...

Wednesday is shaping up as one of the most significant days in a volatile year for Boeing, which is expected to report a huge third-quarter loss, introduce its new CEO on his first earnings call, and learn if machinists will end a strike that has crippled the company’s aircraft production for more than a month.The strike is an early test for Kelly Ortberg, a Boeing outsider who became CEO in August.Ortberg has already announced large-scale layoffs and a plan to raise enough cash to avoid a bankruptcy filing ...

A communications satellite built by Boeing exploded into pieces while orbiting in space — resulting in a “total loss” of the device used to serve customers across Europe, Africa and parts of the Asia-Pacific region. The company that purchased the satellite from Boeing said its IS-33e satellite was completely out of commission on Monday after first stating it experienced an “anomaly” on Saturday. “The anomaly previously disclosed on October 19 has resulted in the total loss of the Intelsat 33e satellite,” th ...

Starbucks said Tuesday it was suspending its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem easing customer demand.Shares of the company were down about 6% in after-hours trading as the coffee chain also expects to report a decline in quarterly sales and profit.Niccol took over from Laxman Narasimhan on Sept. 9 at a time when the coffee chain struggled with tackling weakness in two top markets, the US and China.CEO Brian Niccol, who took over last month, is ...

Walmart announced on Tuesday it will start delivering prescriptions straight to consumers’ doors in as little as 30 minutes – threatening to further cripple struggling pharmacies like CVS and Walgreens.The discount retailer has made its prescription delivery option available in Arkansas, Missouri, New York, Nevada, South Carolina and Wisconsin, the company said.Walmart expects the delivery option will be available in 49 states by the end of January — leaving out only North Dakota due to state laws. 3 Walm ...

Core Points - Honda is recalling 780,000 vehicles in North America due to concerns over a high-pressure fuel pump that may crack and leak fuel [1][2] - The recall affects various models including Accord, CR-V Hybrid, and Honda Civic from the years 2023 to 2025, with 720,000 vehicles in the United States and approximately 61,000 in Canada [2] - Dealers will inspect and replace the high-pressure fuel pump if necessary, as cracks may form inside the pump leading to fuel leaks or odors [2] - Honda has received 145 warranty claims related to this issue but has reported no injuries [2] - The company confirmed the presence of a fuel leak and odor in September and subsequently halted shipments of the affected vehicles [2]