McDonald’s shares plummeted after a deadly e.coli outbreak. One person died and 49 fell ill in 10 US states after consuming McDonald’s. In other news, Chancellor Reeves plans an ‘Amazon tax’ to support struggling high street businesses, while Bolt CEO aims to limit remote work. The benefits system in Britain is under scrutiny for pushing sick individuals out of work, and Ambrose Evans-Pritchard raises concerns about China’s impact on big oil. Despite a robust US economy, Asian shares remain cautious due to uncertainties surrounding Federal Reserve interest rate cuts. China’s stock rally continues, and Japan’s bond yield hits a 16-year high. Furthermore, Metro Co. saw a 36% increase in shares during their debut in Tokyo. On Wall Street, the Dow Jones remained steady, the S&P 500 fell slightly, and the Nasdaq Composite rose. US Treasury yields have been fluctuating amid election uncertainty and interest rate expectations. Stay informed about global financial developments to stay ahead of the market.
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Boeing’s Q1: $6bn Loss
