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McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers. The investments include $65 million that will go directly to the hardest-hit franchises, the company said.The U.S. Centers for Disease Control and Prevention has said that slivered onions on the Quarter Pounders were the likely source of the E. coli. Taylor Farms in California recalled onions potentially linked to the outbreak.Colorado reported at least 30 cases; Montana reported 19; Nebraska, 13; and New Mexico, 10. The illnesses were reported between Sept.…

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McDonald’s is investing $100 million to “accelerate recovery and support the most heavily impacted franchisees” after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers, the company told CBS News in a statement on Saturday.”A total of $65 million will be invested into supporting franchisees who have lost business, targeting those in the states that were most affected,” the company also told CBS News.The U.S. Centers for Disease Control and Prevention has said that slivered onions on the Quarter Pounders were the likely source of the E. coli. Taylor Farms in California…

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Tesla (NASDAQ: TSLA) is currently the eighth-largest company in the world with a market cap of just over $1.05 trillion as of this writing. The stock underperformed the S&P 500 for the majority of 2024, but it has jumped nearly 50% in the past month. The results of the U.S. elections have helped drive Tesla’s share price higher, thanks to the belief that CEO Elon Musk’s close relationship with President-Elect Donald Trump could benefit the electric vehicle (EV) manufacturer during the new administration. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free…

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By Rachael Levy, David Shepardson and Alexandra Ulmer WASHINGTON (Reuters) – The Trump transition team is considering a former Uber (NYSE:) executive and three current or former Republican congressmen – one of whom is now a Fox News host – to lead the U.S. Department of Transportation, eight sources familiar with the matter told Reuters. Emil Michael, a Trump donor and technology entrepreneur who knows Elon Musk socially, has emerged as a leading contender, three of the sources said. Tech executives who backed Trump have advocated for the former Uber executive, two of the sources said. Other candidates include Sam…

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By Steve Holland WEST PALM BEACH, Florida (Reuters) – President-elect Donald Trump was set to travel to New York City on Saturday for what sources said were plans to attend an Ultimate Fighting Championship event at Madison Square Garden. It will be the second time Trump has left the Palm Beach, Florida, area since winning the presidential election on Nov. 5. The 78-year-old Republican flew to Washington last Wednesday to meet with President Joe Biden at the White House, and has otherwise been filling Cabinet positions for his incoming administration from his oceanfront Mar-a-Lago resort in Palm Beach. The Trump…

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Five months after Gov. Hochul tried to kill congestion pricing under the guise of a “temporary pause,” she threw herself a celebratory press conference on Thursday to announce the toll’s return early next year at $9.The gridlock governor hailed herself for her leadership and principled governance, but the afternoon’s confab was actually a display of political delusion and self-aggrandizement as Hochul still failed to grasp that car commuters make up a small fraction of working people with jobs in the future toll zone of Manhattan below 60th Street.As Hochul told it, in June she “stood up on behalf of hard…

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The progression of ESG investing in the global asset management community continues to be a source of fascination and a lightning rod for conversation, engagement, and innovation. As the “Index Industry Association 2023 ESG Survey” demonstrates, ESG considerations are transforming how asset managers approach their jobs and serve their clients. The first IIA ESG Global Asset Manager Survey in 2021 helped confirm that ESG considerations are here to stay. Of the 300 asset managers queried, 85% expected such criteria to play a greater role in portfolio construction and management in the coming decade. I outlined the key expected drivers of this…

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Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Stocks have surged since the election, while bonds are caught in a tug-of-war between bulls and bears, with participants in both markets attempting to divine the path of the US economy under the incoming Trump administration. At the heart of the matter lies a hotly debated topic that grips Fed economists and Wall Street alike. Something that, like the mythical yeti, no one has ever seen but everyone agrees exists: the neutral rate. Kathy Jones, chief fixed income strategist at Schwab, recently…

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