Starbucks raises 2026 outlook after Q2 revenue hits $9.53bn
Starbucks posted Q2 revenue of $9.53 billion, beat adjusted EPS estimates and raised its 2026 same‑store sales and EPS guidance on rising customer traffic.
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Finance — Page 7
Latest in Finance
2.3m tonnes lithium could fuel 130m EVs
An assessment reveals the Appalachian region may hold 2.3 million tonnes of lithium, enough to power 130 million EVs. What could this mean for the future
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POET plunges nearly 50% after Marvell cancels orders
POET shares drop almost 50% after Marvell cancels orders due to a confidentiality breach, raising concerns about AI data-center collaboration and future
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Ardian closes record $30bn secondaries fund, opens Sydney office
Ardian closed a record $30bn ninth-generation secondaries fund (ASF IX), oversubscribed with 465 investors from 44 countries, boosting AUM to about $97bn.
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ETF IQ Test: Master Income ETF Tickers
Flashcard-style ETF quiz to master ETF tickers and fund names. Two modes, three timers and category filters sharpen recall using the site's database.
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Domino's shares fall 8% after US same-store sales miss
Domino's shares fell 8% after U.S. same-store sales rose 0.9%, below estimates. The chain cut its U.S. outlook, blaming weather, fuel costs and discounting.
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Honeywell's debt rises as spin-offs reshape balance sheet
Honeywell's long-term debt climbed in 2024 as acquisitions and planned spin-offs reshape its capital structure. How investors and lenders could be affected.
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Toowoomba Royal Show crowds hold firm despite petrol squeeze
Toowoomba Royal Show attendance held steady despite higher petrol prices, organisers say, supporting stallholders, vendors and regional supply chains.
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3% fee on $1.5m: should you fire the adviser?
Facing a 3% adviser fee on a $1.5m inheritance? Assess costs, services, net performance and legal duties to decide whether to replace the family adviser.
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38% breakage: Aussies lose $310 a year, ACCC finds
Breakage in Australian loyalty programs has risen to 38%, costing households about $310 a year, the ACCC finds. Proposed disclosure rules and a 36-month cap could cut $1.3bn from operators.
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Gold Tops $4,000; Bank of America Flags Pullback Risk
Gold rally tops $4,000 as central-bank buying, Asian demand and ETF inflows tighten supply. Bank of America warns technical stretches raise pullback risk.
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10-year US yield ticks up as traders weigh Powell probe, auctions
10-year US Treasury yield hit about 4.19% as markets weighed a DOJ probe of Fed Chair Powell, a firm 10-year auction and upcoming CPI and PPI data.
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26 studies reshape farming history through archaeobotany
A 26-paper collection shows archaeobotany methods reshaping food-production history and likely shifting research funding, breeding priorities and markets.
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Assemble cuts 248 promised affordable homes in Brunswick and Coburg
Permit amendments let Assemble convert 248 promised affordable homes to market-rate units, reducing the affordable share from 60% to 20% across 622 units.
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Maine vetoes data-centre moratorium, keeps permits open
Gov. Janet Mills vetoed L.D. 307, blocking a statewide pause on data-centre permits and citing local support for a Jay project amid energy concerns.
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Family saves Thargomindah post office, keeps outback town running
A local family bought Thargomindah's post office, also keeping banking, bill and parcel services for the 243-person outback town and nearby stations.
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Hormuz shutdown removes 1bn barrels, forces global oil demand cuts
Hormuz shutdown removed about 1bn barrels, depleting emergency stocks and forcing demand cuts in petrochemicals, airlines and trucking and global effects.
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€17bn at stake as Magyar vows to pursue Orbán-linked assets
Hungary's PM-elect Péter Magyar vows to pursue Orbán-linked assets, set up a national asset recovery office and join EU prosecutors to unlock €17bn.
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Luxury air travel: five-figure fares as economy shrinks
Luxury air travel: airlines sell five-figure fares in ultra-premium cabins while economy seats shrink and fees rise, creating a K-shaped recovery.
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Fed holds rates for fifth meeting as policy split widens
The Federal Reserve is holding its policy rate near 4.3% for a fifth meeting as officials split over cuts. Read why they disagree and who will be affected.
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Private‑credit wobble drives investors to 8.8% CEFs
Private-credit strains push investors into closed-end funds for income. BlackRock's Science & Tech Term Trust yields 8.8% and trades ~9.2% below NAV.
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Messages show Epstein offered London flats to women on condition they 'worked' for him
BBC messages show Jeffrey Epstein provided London flats and rent conditionally, using insults and pressure; the records may corroborate survivors.
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38% of US life reserves ceded to Bermuda reinsurers
By end-2024, US life insurers ceded 38% of reserves to Bermuda reinsurers, raising concerns about annuity concentration, weaker counterparties and cross-border risk.
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Spirit bondholders have one week to weigh Trump's bailout offer
Spirit Airlines bondholders have a week to decide on a government-linked bailout or other restructuring options as rising jet fuel costs complicate the carrier's exit from bankruptcy.
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Series raises $5.1m pre‑seed to build AI social network inside iMessage
Series closed a $5.1m pre-seed to build an AI social network inside iMessage. Backers include Iqram Magdon-Ismail, Pear VC, Steve Huffman and Edward Tian.
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