Hanwha Offers Up to $1.2 Billion for Austal US Business 
US Judge Dismisses Gautam Adani Criminal Charges 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Airbus Joins Air India A320 Altitude Drop Probe 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Starbucks reported its first increase in comparable sales in nearly a year and a half, driven by international markets, even as soaring coffee bean prices squeezed profit margins. The coffee giant’s global same-store sales rose 1%, while U.S. sales remained flat as budget-conscious consumers cut back on premium coffee purchases amid ongoing inflation.
CEO Brian Niccol, who took over in August last year, said Starbucks would be cautious about raising prices in 2026 and does not anticipate broad menu hikes. Niccol’s “Back to Starbucks” initiative — which includes closing hundreds of underperforming stores, simplifying the menu, and speeding up service — aims to revive U.S. growth. He noted the latest quarter marks a turning point for domestic operations, though higher coffee bean costs will persist for at least two more quarters.
Global arabica coffee prices have surged over 20% this year, following a 70% rise in 2024, driven by climate issues and geopolitical tensions — including former U.S. President Donald Trump’s 50% tariffs on top producer Brazil. Combined with higher labor, rent, and import costs, these factors have strained Starbucks’ profitability.
The company’s operating margin plunged to 2.9% from 14.4% a year earlier, with earnings per share at 52 cents, missing analyst expectations of 56 cents. Industry analysts warn Starbucks’ turnaround could take longer than Wall Street anticipated.
In China, Starbucks’ second-largest market, comparable sales rose 2% as the company adjusted pricing and introduced more localized menu options. The brand continues its restructuring efforts, closing about 600 underperforming stores, including its unionized Seattle roastery. Starbucks also plans to invest over $500 million to enhance labor efficiency across U.S. stores and will issue a financial outlook in January.
Meanwhile, labor tensions persist with unionized baristas, as negotiations remain stalled but both parties signal willingness to resume talks.
