Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
McDonald’s Hit by E. Coli Outbreak Linked to Quarter Pounders
McDonald’s Corporation saw its stock drop 9% in after-hours trading on Tuesday following a Centers for Disease Control and Prevention (CDC) announcement regarding an E. coli outbreak. The CDC confirmed that the outbreak is linked to McDonald’s Quarter Pounder burgers, leading to one death and 10 hospitalizations across multiple states.
CDC Issues E. Coli Warning
The CDC reported that at least 49 E. coli cases have been identified across 10 states, with most affected individuals consuming Quarter Pounder burgers. As a precaution, McDonald’s has removed specific ingredients used in these burgers from some locations, causing temporary unavailability in certain states.
McDonald’s Response and Impact
McDonald’s is working with health authorities to contain the outbreak and ensure the safety of its customers. Although the company has pulled certain ingredients, the availability of Quarter Pounder burgers may vary by region as the situation evolves.
With consumer safety at the forefront, McDonald’s aims to address the issue promptly while monitoring the affected states.
