Check out the companies making headlines before the bell. McDonald’s – Shares fell more than 6% after the U.S. Centers for Disease Control and Prevention said an E. coli outbreak linked to the fast food company’s Quarter Pounder burgers has resulted in 10 people being hospitalized and one death . Starbucks – The coffee chain … Read more
Workers gather outside a Boeing Co. manufacturing facility. during a strike in Renton, Washington, USA, on Thursday, October 3, 2024. David Ryder | Bloomberg | Getty Images BoeingNew CEO Kelly Ortberg said the company needs to become leaner and improve quality, a vision he laid out for the troubled planemaker ahead of his first quarterly … Read more
Stripe logo on a smartphone with US dollar bills in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company was … Read more
German company Lilium manufactures electric passenger flying drones. Lilium German aerospace startup Lilium faces bankruptcy if it does not raise emergency funds from the state government for the southeastern state of Bavaria. The bankruptcy would mark a dramatic decline for a startup once considered Europe’s best chance to build the 21st century equivalent of “cars” … Read more
Launched in 2018 by crypto firm Circle, USDC is now the second largest stablecoin globally, with more than $30 billion worth of tokens in circulation. Nurfoto | Getty Images LONDON — The United Kingdom is likely to see stablecoin laws introduced in a matter of “months, not years,” according to the chief policy officer of … Read more
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images The largest flow of liquefied natural gas (LNG) supply is coming online and will transform the global market, bringing far-reaching and lasting effects, RBC Capital Markets said. “A new wave of LNG supplies – the largest yet – is set … Read more
Aerial view of Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red Square Sergey Alimov | Moment | Getty Images The Kremlin said it has no intention of abandoning Iran as it faces a long-awaited direct attack from Israel. Iran is under pressure as its proxies, the militant groups Hamas and Hezbollah, are … Read more