Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Starbucks Corp is expected to report record second-quarter revenue of over $6.8 billion, after a year of declining sales, as vaccinations in the US and China allowed more customers to return to their morning coffee runs.
Analysts noted that Starbucks' online ordering service, loyalty program, and drive-thru lanes put it in a strong position to take advantage of a recovering economy.
Wedbush Securities analyst Nick Setyan pointed out that Starbucks has a lot of visibility into customer habits, more than any other name in the industry.
Edward Jones analyst Brian Yarbrough said that while not everyone’s gone back to work, a lot of people have, causing long lines at Starbucks drive-thrus.
He added that as the US economy further improves in the coming quarters, investors will be paying attention to Starbucks’ forecast.
The world’s largest coffee chain’s smaller international segment is expected to advance its revenues by about 58 percent, largely on the nearly full recovery of business in China and a slowdown in the expansion of accounting scandal-ridden rival Luckin Coffee.
