Category: Latest News
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Starbucks Plans to Close 250 North America Stores and Record $300 Million Charge
Starbucks (NASDAQ:SBUX) plans to close 250 underperforming stores in North America and expects to record approximately $300 million in restructuring charges related to the move, according to a regulatory filing. The planned closures represent about 1% of Starbucks’ approximately 18,000 locations across North America. The company expects to complete most of the closures by the…
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U.S. Initial Jobless Claims Edge Lower to 197,000, Below Expectations
First-time applications for U.S. unemployment benefits declined slightly in the week ended September 19, coming in below economists’ expectations, according to data released Thursday by the Labor Department. Initial jobless claims fell by 1,000 to 197,000 from the previous week’s revised level of 198,000. Economists had expected claims to rise to 204,000 from the 196,000…
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U.S. Stock Futures Fall as Treasury Yields and Oil Prices Rise: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures pointed to a lower opening on Thursday, indicating that major indexes could extend Wednesday’s declines as investors monitored rising Treasury yields, higher oil prices and geopolitical developments. Treasury yields moved moderately higher after increasing in the previous session. The benchmark 10-year Treasury yield reached its highest level since July 2007, while the…
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Meta Unveils Muse Charm Handheld Device and Expands AI Agent Features
Meta Platforms Inc (NASDAQ:META) unveiled a handheld device designed specifically for its Muse artificial intelligence agent, alongside new smart glasses and additional features for the AI platform at its Meta Connect 2026 event. Chief Executive Mark Zuckerberg introduced the products during the opening keynote at the event in Menlo Park, California. The new handheld device,…
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IBM Adds Swift Ledger Integration and On-Premises Option to Digital Asset Haven
IBM (NYSE:IBM) announced two beta capabilities for its Digital Asset Haven platform on September 24, adding connectivity to Swift’s blockchain-based shared ledger and an on-premises deployment option for financial institutions. The new capabilities are intended to give institutions additional options for managing tokenized deposits and other digital assets while using existing financial messaging standards or…
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Amazon Reportedly Plans $3 Billion Investment in India Quick-Commerce Expansion
Amazon (NASDAQ:AMZN) plans to invest $3 billion in its Indian quick-commerce operations by 2030 as it expands its Amazon Now network, Reuters reported, citing two people with direct knowledge of the plans. According to the report, Amazon intends to invest $1 billion by the end of 2027, followed by another $2 billion through 2030. Amazon…
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Ryde Group Launches RydeX GO Ride-Hailing Service in Singapore
Ryde Group Ltd (AMEX:RYDE) has launched RydeX GO, a new ride-hailing option in Singapore that is designed to prioritise matching passengers with private-hire drivers located closer to their pick-up points. The service has been added to the Ryde app alongside the company’s existing RydeX offering and will be progressively rolled out to users across Singapore.…
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Kyverna Reports One-Year Miv-Cel Data From SPS and gMG Trials
Kyverna Therapeutics (NASDAQ:KYTX) reported one-year topline data from its KYSA-8 registrational trial of miv-cel, or mivocabtagene autoleucel, in stiff person syndrome (SPS), alongside longer-term follow-up results from the Phase 2 portion of its KYSA-6 trial in generalized myasthenia gravis (gMG). The company said the latest results provide follow-up on clinical outcomes and safety measures after…
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Pratt & Whitney Delivers First GTF Advantage-Powered Aircraft to United Airlines
Pratt & Whitney, a division of RTX (NYSE:RTX), has delivered the first aircraft powered by its GTF Advantage engine to United Airlines (NASDAQ:UAL), introducing the new engine variant into commercial service. The aircraft is an Airbus A321XLR and represents the first delivery to an airline using the GTF Advantage configuration, according to Pratt & Whitney.…
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Sequans Sells Remaining Bitcoin Holdings After Convertible Debt Redemption
Sequans Communications S.A. (NYSE:SQNS) said it has sold its remaining Bitcoin holdings, completing a treasury exit process that followed the redemption of its convertible debt in May 2026. The Paris-based semiconductor company sold the 314 Bitcoin that remained on its balance sheet as of June 30, 2026. Following the transaction, Sequans said it no longer…