ADVFN US – Market Content Editor

Starbucks (NASDAQ:SBUX) has invited non-binding offers from a select group of potential buyers for a stake in its China operations, with submissions due within the next two weeks, Reuters reported. The shortlist reportedly includes private equity firms Carlyle, EQT, Bain, and KKR, alongside investment companies Hillhouse Capital, Primavera Capital, and tech giant Tencent. Starbucks declined…

Shares of Zoom Video Communications Inc (NASDAQ:ZM) jumped more than 5% in premarket trading Friday following the company’s stronger-than-expected second-quarter results and a boost to its annual earnings guidance. For the quarter ending July 31, Zoom reported adjusted earnings per share of $1.53 on revenue of $1.22 billion, surpassing analysts’ estimates of $1.38 per share…

Shares of Alphabet Inc (NASDAQ:GOOGL) rose over 1% in premarket trading Friday following reports that Meta Platforms (NASDAQ:META) has struck a cloud computing deal with Google valued at more than $10 billion, according to The Information citing sources close to the matter. Under the agreement, Meta will rely on Google Cloud for servers, storage, and…

Meta Platforms Inc (NASDAQ:META) is reportedly hiring a top artificial intelligence executive from Apple Inc (NASDAQ:AAPL) as the company plans to slow overall hiring, according to Bloomberg sources familiar with the matter. Frank Chu, who has previously led Apple AI teams specializing in cloud infrastructure, AI training, and search, is set to join Meta’s Superintelligence…

NVIDIA Corporation (NASDAQ:NVDA) has reportedly instructed some of its suppliers to suspend production of the H20 AI chip designed for the Chinese market, following heightened scrutiny from Chinese authorities, according to The Information. Shares of the semiconductor giant fell 1.2% in premarket trading on Friday at 04:14 ET (08:14 GMT). Earlier this month, Chinese regulators…

Tesla (NASDAQ:TSLA) has increased the cost of its premium Cybertruck variant, the Cyberbeast, by $15,000, according to its website. The updated pricing sets the Cyberbeast at $114,990, up from the previous $99,990. The boost coincides with the introduction of a “Luxe Package,” which combines Tesla’s supervised Full Self-Driving features with complimentary access to the company’s…

Bitcoin (COIN:BTCUSD) slipped to $112,943 on Friday, continuing a week-long downtrend as doubts over U.S. interest rate cuts weighed on risk sentiment ahead of Federal Reserve Chair Jerome Powell’s address. The cryptocurrency has lost nearly 4% this week, following a wave of profit-taking after mid-August record highs. Other major cryptocurrencies also fell, signaling broader weekly…

Oil prices dipped modestly in Asian trading on Friday, as investors exercised caution ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium, where markets hope for clues on U.S. monetary policy. Despite the minor pullback, crude was heading for a positive weekly performance, driven by renewed concerns over stalled peace negotiations…

Gold slipped in Asian markets on Friday, pressured by a stronger U.S. dollar as investors scaled back expectations for further Federal Reserve rate cuts ahead of Chair Jerome Powell’s highly anticipated speech. Other precious metals also eased, reflecting the greenback’s resilience, which is positioned for solid weekly gains. Spot gold declined 0.3% to $3,328.37 an…