Starbucks promised a 'Triple Shot' China expansion. It isn't working
Starbucks is having a tough time reaching consumers all over the world. In the U.S., its supply isn’t meeting demand, and in China, it’s ambitious expansion plans are lagging.
Starbucks is having a tough time reaching consumers all over the world. In the U.S., its supply isn’t meeting demand, and in China, it’s ambitious expansion plans are lagging.
The Dow Jones Industrial Average and other major stock indexes ended the week on a high note thanks to renewed hope for interest rate cuts later this year. That’s because data from the Bureau of Labor Statistics showed that the U.S. added 175,000 jobs in April, falling short of the anticipated 235,000 gain and slowing…
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Waymo plans to soon start testing fully autonomous rides across California’s San Francisco Peninsula, despite criticism and concerns from residents and city officials.
The Transportation and Security Administration plans to vastly expand its use of facial recognition technology in the U.S., going from 25 airports with the tech to over 430 by this July. And a group of 14 senators from both parties are not happy, arguing in a new letter that, “this powerful surveillance technology as…
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Rabbit CEO Jesse Lyu defended the Rabbit R1 for the last week, telling Gizmodo and other outlets that it’s “not an Android app.” Now, he may have to defend the next fatal claim for an AI device: that it’s not just a ChatGPT wrapper. The push-to-talk feature on Rabbit R1s experienced a brief outage on Thursday night,…
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Good news, everyone. Apple made money, or more specifically it made most of its cash this quarter with services like its Apple Savings Account. Its hardware, on the other hand, has been a fair bit more diluted, leading to an overall 4% decline year-over-year. Worst of the bunch was the iPad, which made more than $1…
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The cocoa crisis doesn’t appear to be keeping Hershey from “sharing goodness,” nor raising its prices.
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The 737 Max isn’t the only Boeing plane facing delays these days. The manufacturer’s 787 Dreamliner, a larger plane, is also running into production problems. But instead of scrutiny over a piece falling off mid-flight, The Wall Street Journal reports that the holdup is tied to fallout from United States sanctions…
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Boeing is raising billions of dollars to make up for all the cash it’s been having to spend dealing with the fallout from its 737 Max problems. Outgoing CEO Dave Calhoun’s stewardship of the company in the run-up to that plane’s latest issue, a January door plug blowout on an Alaska Airlines-operated 737 Max 9, is the…
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Meta CEO Mark Zuckerberg and Apple chief Tim Cook are still hyped up on virtual reality, even if consumers aren’t all excited about their headsets.
The Paramount merger saga is only heating up, as the entertainment giant continues to entertain multiple offers.
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Microsoft is banning the use of its artificial intelligence service for facial recognition “by or for” police departments in the United States.
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Baltimore’s Francis Scott Key bridge collapsed in March after it was struck by an enormous container ship that lost power while exiting the city’s port. The collision left the stricken Dali container ship stuck under the remnants of the bridge and made entry and exit of the Port of Baltimore nearly impossible. Now,…
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Spotify quietly decided to make users pay for its formerly-free lyrics feature. Reddit users flagged the change this week, and Spotify implicitly confirmed the change to TechCrunch without giving a direct statement.
Trump Media & Technology Group’s audit firm, BF Borgers, was permanently barred Friday from serving as accountants by the Securities and Exchange Commission over charges of “massive fraud.”
Amgen stock picked up 13% during Friday morning trading, a day after its CEO Robert Bradway teased encouraging trial results of its experimental weight loss drug MariTide.
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Used-car sales are elevating more than just Carvana’s profits. The company’s father-son stakeholders added billions to their coffers, thanks to Carvana’s rebound after its record low in December 2022.
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The Dow Jones Industrial Average and other major stock indexes opened sharply higher on Friday morning as the U.S. saw weaker-than-expected jobs growth in April. That raised investors’ hopes of an economic cooling that might make the Federal Reserve comfortable enough about inflation to cut interest rates in the…
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Microsoft shared its responsible artificial intelligence practices from the past year in an inaugural report, including releasing 30 responsible AI tools that have over 100 features to support AI developed by its customers.
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Crypto exchange Coinbase and Jack Dorsey’s Block reported blockbuster earnings reports on Thursday, sending Bitcoin’s price back above $61,000 on Friday morning.
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Apple stock jumped 7% Friday morning following the company’s better-than-feared second-quarter earnings report the day before.
A growing number of U.S. families are citing the cost of living and rising prices as their biggest financial headache — a problem that’s only continuing to grow as inflation sticks around for longer.
Celebrities are just like us — except famous. But unlike many of us, they’re sometimes able to parlay their large platforms into successful business ventures. The actor Ryan Reynolds, for instance, was able to use some of the money he got from being a big box office draw to invest in the telecommunications firm Mint…
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U.S. auto safety regulators said Friday that a probe into Tesla’s 2021 recall of Model X and S vehicles over faulty rear-view cameras has been closed.
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