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 ...

McDonald's Corp (NYSE:MCD) stock is down 6.6% to trade at $293.94 at last check, after the U.S. Centers for Disease Control and Prevention (CDC) linked an E. coli outbreak to the fast food company's Quarter Pounder burgers. The incident resulted in 10 hospitalizations and one death, according to the health agency. In response, Guggenheim cut its price target to $285 from $290.Shares are on track for their worst day since March 2020 and third-straight daily drop, as they pivot lower from their Oct. 21, recor ...

McDonald’s (NYSE: MCD) stock price is crashing amid an E. coli bacteria outbreak with reported hospitalizations and deaths. Finbold turned to Perplexity Online AI for real-time web insights and a price prediction for McDonald’s stock as things develop.According to multiple sources, the E. coli outbreak is related to one of McDonald’s flagship products, the Quarter Pounder burger. In particular, The Kobeissi Letter highlighted an over 10% crash right after the news, with ten hospitalizations and one death.BR ...

Key TakeawaysShares in McDonald’s slumped 6% in extended trading on Tuesday after health authorities said they were investigating an E. coli outbreak possibly linked to the fast-food chain’s Quarter Pounder burgers.The projected news-driven drop may lead to a retest of a prior 16-month trading range before the stock potentially continues its longer-term uptrend.investors should watch important retracement levels on the McDonald's chart around $300, $280, and $260.The measuring principle, which calculates th ...

McDonald's Quarter Pounder has been linked to a deadly E. coli outbreak across 10 states.The fast-food chain overhauled its famous burger in 2018 — then reported a surge in sales.Now, McDonald's says it's temporarily removing the Quarter Pounder from its menus. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personaliz ...

One person has died and 10 have been hospitalised after an outbreak of E. coli linked to McDonald's Quarter Pounder burgers, the US Centers for Disease Control and Prevention (CDC) has said.Infections were reported between 27 September and 11 October across 10 US states; Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, Oregon, Utah, Wisconsin and Wyoming. Colorado has 27 of the 49 reported cases - including an older person who died and one child who has severe kidney complications, the CDC said.The publ ...

McDonald's (MCD) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 2 ...

After former President Donald Trump made headlines serving fries at a McDonald’s drive-thru in Pennsylvania over the weekend, some were quick to speculate that the fast food giant’s stock might see some turbulence. During Monday’s trading hours, McDonald’s (NYSE: MCD) shares experienced a slight dip, but was it really due to Trump’s impromptu shift behind the counter?On Sunday, Trump was spotted chatting with voters and handing out fries, creating a buzz across social media. However, McDonald’s was quick to ...

Core Insights - The fast food industry, particularly McDonald's, is experiencing wage increases influenced by federal and state minimum wage laws, with some workers earning up to $20 per hour [1][2] - McDonald's has implemented a phased wage increase for its company-owned restaurants, aiming for an average hourly wage of $15 by 2024 [2] - Recent legislation in California has raised the minimum wage for certain fast food restaurants to $20, reflecting a broader trend towards higher wages in the industry [3] Wage Structure - The average hourly pay for McDonald's jobs nationwide is approximately $13.27, with variations based on location, job title, and experience [1] - In 2021, McDonald's increased wages for its owned restaurants by an average of 10%, setting entry-level crew wages between $11 and $17 per hour, and shift managers between $15 and $20 per hour [2] - Franchisees, which operate over 95% of McDonald's locations, have the autonomy to set their own wages, leading to some franchisees in New York exceeding the $15 minimum wage [2] Legislative Impact - California's new law, effective April 1, raised the minimum wage for certain fast food restaurants from $16 to $20, equating to an annual salary of $41,600 [3] - The legislation aims to improve wages, working conditions, and training for fast food workers, as stated by California Governor Gavin Newsom [3]

In the latest trading session, McDonald's (MCD) closed at $314.89, marking a -0.53% move from the previous day. This change lagged the S&P 500's 0.18% loss on the day. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.27%. Prior to today's trading, shares of the world's biggest hamburger chain had gained 6.65% over the past month. This has outpaced the Retail-Wholesale sector's gain of 3.95% and the S&P 500's gain of 4.46% in that time. Investors will be eagerly watching for the perfor ...