>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed higher to start the week off Monday. At the closing bell, the Dow Jones Industrial Average gained 273 points to end at 42-387. The S&P 500 added 15 points to close at 58-23. The Nasdaq rose 48 points to wind things up at 18-567.
>>Earnings Reports Due
(Undated) -- Some big names are set to release earnings reports today. We'll hear from McDonald's - recently in the news over a multi-state E. coli outbreak - as well as Alphabet, Pfizer, Reddit and Spotify. In the spotlight Wednesday is Facebook parent Meta along with Microsoft. That same spotlight shifts Thursday to Amazon and Apple.
>>McDonald's Quarter Pounders Making A Return
(Chicago, IL) -- Quarter Pounders will be back on the menu at all McDonald's this week following an E. coli outbreak. The CDC reported there have been 75 E. coli cases confirmed in 13 states. One person in Colorado died as a result. The USDA had said the likely source of the outbreak was slivered onions or beef patties on Quarter Pounders. McDonald's now says it feels confident any contaminated product has been removed from its supply chain.
>>Musk Sued By Philly Prosecutor Over Cash Giveaway For Voters
(Philadelphia, PA) -- Billionaire Elon Musk is being sued by a Philadelphia prosecutor over his one-million dollar giveaway for registered voters. The Philadelphia District Attorney's Office filed the lawsuit Monday, aiming to stop Musk's America political action committee's lottery. The P-A-C is awarding one-million dollars every day until the election to a registered voter in swing states who signs a petition supporting free speech and the Second Amendment. Philadelphia's DA argued the lottery will "irreparably harm Philadelphians" and also "tarnish the public's right to a free and fair election" if not stopped. The Justice Department reportedly sent a letter to Musk's P-A-C warning the giveaway may be illegal.
>>TGI Fridays Closes Dozens Of Locations
(Dallas, TX) -- With reports of a possible bankruptcy looming, TGI Fridays is closing restaurants -- nearly 50 in the past week. The move marks the most closures for TGI Fridays locations since January.
>>PepsiCo Abruptly Shuts Down Chicago Facility
(Chicago, IL) -- PepsiCo has shut down its Chicago facility in the Back of the Yards neighborhood. The sudden move leaves close to 80 employees out of a job. The company sent the union a letter yesterday morning informing them of the immediate closure. The union claims Pepsi skipped the required 60-day notice under the Worker Adjustment and Retraining Notification Act. Meanwhile, Pepsi officials say they will pay employees and continue to provide benefits for 60 days.
