Starbucks reveals date for its 2025 Red Cup day

The Bank of Korea is expected to maintain its current interest rates, prioritizing economic stability over immediate cuts, according to a recent Reuters poll. This decision reflects a cautious approach as the central bank navigates the complexities of the economic landscape. Holding rates steady is seen as a move to ensure that inflation remains in check while supporting growth, which is crucial for the overall health of the economy.

Amazon has announced that its cloud services are recovering from a significant outage that impacted various businesses, including Starbucks and Lyft. This recovery is crucial as it highlights the resilience of Amazon Web Services (AWS) and its importance to many companies relying on cloud infrastructure. The swift resolution of these issues not only restores service for affected businesses but also reassures customers about the reliability of AWS moving forward.

Morgan Stanley has raised its price target for Starbucks stock to $105, highlighting the company's potential for a significant turnaround. This optimistic outlook reflects confidence in Starbucks' strategies to enhance customer experience and drive growth, which could lead to increased investor interest and a stronger market position.

Delta Air Lines has announced the permanent cancellation of daily flights to a major airport starting in November. This decision comes as the airline evaluates its operations, and the specific route had not been popular among travelers. While Delta continues to serve 275 destinations with over 4,000 daily departures, this cancellation highlights the challenges airlines face in maintaining routes that do not meet demand. It matters because it reflects broader trends in the aviation industry, where airlines must adapt to changing passenger preferences.

The beef market is facing significant challenges as shrinking herds and rising costs create turmoil, leading to increased inflation. This situation is crucial because it affects not only the prices consumers pay at the grocery store but also the livelihoods of farmers and ranchers. As the cost of raising cattle rises, many producers are struggling to maintain their operations, which could lead to further shortages and price hikes in the future.

Japan's exports have bounced back after a four-month decline, thanks to a weaker yen that has helped offset the impact of US tariffs. This recovery is significant as it indicates resilience in Japan's economy and could lead to improved trade relations. The weaker yen makes Japanese goods cheaper for foreign buyers, potentially boosting sales and benefiting manufacturers.

Aeris Resources has reported strong copper production in its Q1 FY26 earnings call, showcasing the company's robust performance in the mining sector. This positive trend is significant as it highlights Aeris's ability to capitalize on the growing demand for copper, a critical metal in various industries, including renewable energy and technology. Investors and stakeholders will likely view this as a promising sign for the company's future growth and stability.

A 41-year-old fashion watch retailer has filed for Chapter 15 bankruptcy, highlighting the ongoing struggles within the retail sector exacerbated by the Covid-19 pandemic. This situation underscores the financial distress many retailers are experiencing due to rising inflation and increased interest rates, leading to store closures and significant challenges in maintaining profitability. It's a stark reminder of how economic pressures can reshape the landscape of retail.

India and the United States are on the verge of finalizing a long-awaited trade deal aimed at reducing tariffs. This agreement is significant as it could enhance economic ties between the two nations, fostering greater trade and investment opportunities. With both countries looking to strengthen their partnership, this deal could pave the way for a more robust economic relationship, benefiting businesses and consumers alike.

Oil prices have seen an increase following the collapse of planned summit talks between Trump and Putin. This development is significant as it reflects ongoing geopolitical tensions that can impact global markets and energy supplies. Investors are closely monitoring these events, as any instability in relations between major powers can lead to fluctuations in oil prices, affecting economies worldwide.