Business

Starbucks CEO Niccol Shifts Turnaround to Cafe Makeovers and Service

Starbucks CEO Brian Niccol says the chain's turnaround is working and its next phase will focus on cafe renovations and improved customer service.

US Home Sales Sink to 14-Month Low as Prices Keep Climbing

US existing-home sales fell in August to a 14-month low as mortgage rates and record prices deterred buyers, even with supply at a near-seven-year high.

ECB Hike Reverses FTSE 100 Gains as Oil Surge Rattles London Stocks

The FTSE 100 reversed gains Thursday after the ECB raised rates and oil prices surged, with markets split 50-50 on another October hike.

Trump Says Iran War Will End Right After November Midterms

President Donald Trump said on Wednesday the war with Iran would end immediately after the November midterm elections, tying oil prices to the same date.

JPMorgan Upgrades Meta to Buy, Citing AI Models and Agent Apps

JPMorgan raised Meta to buy on September 10, citing the company's frontier AI models and agentic app as drivers with meaningful headroom for the stock.

Starbucks CEO Niccol Shifts Turnaround to Cafe Makeovers and Service

Starbucks CEO Brian Niccol says the chain's turnaround is working and its next phase will focus on cafe renovations and improved customer service.

US Home Sales Sink to 14-Month Low as Prices Keep Climbing

US existing-home sales fell in August to a 14-month low as mortgage rates and record prices deterred buyers, even with supply at a near-seven-year high.

JPMorgan Upgrades Meta to Buy, Citing AI Models and Agent Apps

JPMorgan raised Meta to buy on September 10, citing the company's frontier AI models and agentic app as drivers with meaningful headroom for the stock.

US Wholesale Prices Rose 0.4% in August, Lifting Treasury Yields Before Fed Meeting

US producer prices climbed 0.4% in August as expected, lifting Treasury yields before the Federal Reserve's rate decision next week.

Apple Unveils $1,999 Foldable Duo iPhone at First Ternus Event

Apple debuted a $1,999 passport-shaped foldable iPhone called Duo and a pricier iPhone 18 Pro at its first showcase led by new CEO John Ternus.

Meta Unveils Muse AI Agent That Sends Emails and Makes Payments

Meta launched Muse, an autonomous AI assistant that sends emails and makes payments, offered free or at $20 and $100 monthly tiers.

Qualcomm Stock Jumps 10% on $4 Billion Amazon Custom Chip Deal

Qualcomm shares rose about 10% after unveiling a roughly $4 billion custom chip partnership with Amazon for AI data centers, challenging Nvidia's lead.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

GE Aerospace to Buy Castings Maker CPP for $11.75 Billion

GE Aerospace said on Tuesday it will acquire castings maker Consolidated Precision Products for $11.75 billion from Warburg Pincus and Berkshire Partners.

Novartis Shares Drop 9% After Three Drug Trial Setbacks Rattle Pipeline

Novartis shares fell 9% on Tuesday after three drug trial setbacks, including its del-desiran and cholesterol programs, raising pressure on its pipeline.

Dow Futures Drop 300 Points as Oil Climbs and Fed Bets Rise

Dow futures dropped roughly 300 points Tuesday as climbing oil prices, Fed rate-hike bets and US-Canada trade tensions pressured Wall Street.

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Hong Kong Finance Chief Says More Central Asian State Firms Plan Listings

Hong Kong Financial Secretary Paul Chan says more Central Asian state firms plan to list in the city as it expands Belt and Road market support.

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

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