The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty ImagesStarbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday.For workers who would prefer to leave the company instead of heading back to the office for an additional day, Starbucks is offering a “one-time voluntary exit program with a cash payment,” CEO Brian Niccol said in a letter to employees.”We understand not everyone will agree with this approach,” Niccol wrote in the announcement. “We’ve listened and thought carefully. But…
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An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023.Rocket LabRocket Lab stock soared 8% Monday, building on a strong run fueled by space innovation.Shares of the space infrastructure company have nearly doubled over the last two months following a slew of successful launches and a deal with the European Union. The stock is up 63% year to date after surging nearly sixfold in 2024.Last month, Rocket Lab announced a partnership with the European Space Agency to launch satellites for constellation navigation before December. Rocket Lab also announced the successful launch of its 66th,…
Amazon CEO Andy Jassy attends the Allen & Company Sun Valley Conference on July 9, 2025, in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesAmazon’s cloud unit said Monday that it has released a preview of Kiro, a program developers can use to write code with help from artificial intelligence.In a post on X, Amazon CEO Andy Jassy said Kiro “has a chance to transform how developers build software.”The introduction comes days after Google said it is hiring staffers of AI coding software startup Windsurf as part of a $2.4 billion technology licensing deal. Google said it plans to make its…
Shares of Pony AI could be set to surge as the company ramps up robotaxi production, according to analysts at Bank of America and Goldman Sachs. BofA analyst Ming Hsun Lee reiterated a buy rating on the Chinese autonomous vehicle stock in a July 10 note, alongside a $21 per share price target. Lee’s forecast implies that the stock can rally about 64% from Friday’s $12.77 close. The analyst cited a recent meeting with Pony AI’s management as a key reason for the optimistic view. The company is close to fully scaling its fleet of robotaxis, which will also help…
Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesThe Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.””The idea that the Fed could print money and…
White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American.”There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist policies have not stoked higher prices, despite warnings by many economists.The National Economic Council director pointed to a recent White House report, which found prices of imported goods fell between December and May.”My theory, as an economist, of why that is, is that Americans, because of…
U.S. President Donald Trump, flanked by Vice President JD Vance and U.S. Secretary of State Marco Rubio, meets with NATO Secretary General Mark Rutte in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025.Nathan Howard | ReutersPresident Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s trade partners “at about 100%” if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.”We’re very, very unhappy with them, and we’re going to be doing very severe tariffs, if you don’t have a deal in 50 days,…
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Chatters about a breakup at consumer giant Kraft Heinz are spurring speculation among Wall Street analysts that its largest institutional investor Berkshire Hathaway may start dumping the underperforming stock. The Wall Street Journal reported Friday Kraft Heinz may split its grocery business, including many Kraft products, into a new entity valued at up to $20 billion. Such a split, which would leave the company with products such as its namesake Heinz ketchup, could be finalized in the next few weeks, the Journal reported. “As announced in May, Kraft Heinz has been evaluating potential strategic transactions to unlock shareholder value,” a…
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year.A supercluster is a large, complex computing network that’s designed to train advanced AI models and handle their workloads. “Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher,” Zuckerberg wrote in a Facebook post on Monday.…
