Starbucks will close about 250 North American cafes and record approximately $300 million in restructuring charges as CEO Brian Niccol’s turnaround targets locations unable to meet customer experience or financial performance goals.
Box spread loans have reached $146 billion as investors pursue yields above comparable Treasuries and favorable tax treatment, but the strategy’s surging popularity is attracting government scrutiny and raising questions about capital leaving traditional bond markets.
Treasury yields reached multidecade highs as stronger economic data, elevated oil prices and hawkish Federal Reserve comments drove the estimated probability of an October rate increase above 75%, deepening a global government bond selloff.
Trump and Xi begin a carefully choreographed White House summit focused on Taiwan, trade, artificial intelligence and Iran, with analysts anticipating limited deliverables despite the geopolitical risks surrounding the relationship.
Rising cat ownership is lifting sales at General Mills, Chewy and Petco, while softer dog demand forces companies to reconsider products, marketing and diversification as consumers remain cautious about household spending.
Silver decisively outpaced gold as easing oil prices supported markets, while a firm dollar and Treasury yields near 5.0% contained bullion. Upcoming U.S. economic reports could determine whether gold escapes the middle of the $4,300 range.
USA Rare Earth has attracted billions in government and private capital, but unresolved questions about Round Top’s ore quality, delayed commercial production and Cantor Fitzgerald’s involvement continue to shadow Washington’s ambitious critical minerals bet.
The average 30 year fixed mortgage rate reached 7.12% as higher oil prices, rising Treasury yields and the Federal Reserve’s latest rate increase intensified pressure on homebuyers and drove more applicants toward adjustable rate loans.
Netflix shares are sinking as YouTube expands its television audience, courts leading creators, and challenges episodic streaming. Weak sales, cautious guidance, and only 2% viewing growth during the first half have added to Wall Street’s concerns.
The SEC and CFTC are using existing authority to build crypto rules after the Clarity Act stalled, while industry leaders, federal lawmakers, and state officials clash over regulatory certainty and control of digital asset markets.
IonQ, Maplebear and Worthington drew attention among major premarket movers, but the available material provided no prices, trading direction, percentage changes or catalysts behind the activity. Readers were also warned that market data may be delayed at least 15 minutes.
McDonald’s will spend up to $8.5 billion supporting franchisee upgrades while targeting higher operating margins, stronger restaurant efficiency and global sales growth through its NEXT strategy and the new Make It Golden employee training program.
Trump and Xi may explore AI safety frameworks and an emergency communication channel, but disputes over advanced chips, distillation, verification, and technological leadership leave little prospect that either country will agree to slow development.
Gold remained above $4,330 as falling oil prices eased inflation pressure, but a firmer dollar and hawkish Fed signals capped gains. Conditional Hormuz diplomacy pushed crude lower while unresolved shipping risks preserved defensive demand for bullion.
The Nasdaq reached another intraday record as artificial intelligence shares advanced, but Iran tensions, elevated oil prices, rising Treasury yields and weak market breadth kept broader investor enthusiasm firmly in check.
Leading AI executives are expected before the U.N. Security Council as warnings over advanced models collide with Trump’s growth focused stance and a string of disclosures involving autonomous hacking, cyber incidents and other concerning behavior.