Starbucks sells 60% of China unit to Boyu at $4 billion value

The White House has announced that Nvidia is prohibited from selling its most advanced AI chip to China, a move that could significantly impact the tech giant's business strategy and the broader AI landscape.

Trump's recent visit to China has highlighted the shortcomings of his tariff strategies, showing that despite significant global repercussions, only limited progress has been achieved. This situation poses serious challenges for American businesses and consumers alike.

Starbucks is set to sell control of its China business to Boyu, a move aimed at accelerating growth in the region. This strategic decision reflects Starbucks' commitment to expanding its presence in one of the world's largest coffee markets.

Starbucks is adjusting its strategy in China, highlighting the challenges Western brands face in capturing this lucrative market. With the CEO now able to focus more on revitalizing the U.S. business, the company aims to navigate the complexities of international expansion.

China has accused the Netherlands of exacerbating the ongoing chip war by interfering with the operations of the seized chipmaker Nexperia. This dispute is significant as it threatens to disrupt the global supply chain, particularly impacting car factories that rely on these essential components. The tensions highlight the fragility of international trade relations and the potential consequences for industries worldwide.

Starbucks has taken a surprising step by selling its second-largest business, a move that comes amid plans to close several stores by the year's end. This decision reflects the company's ongoing strategy to adapt to changing market conditions, particularly in China, where it has been considering a significant stake sale. The implications of this sale could reshape Starbucks' operations and influence its future growth in international markets.

Corn and soybean prices have dropped as uncertainty looms over export demand due to a US government shutdown, which has left traders without crucial data on sales to China and other countries. This situation is significant as it highlights the vulnerability of agricultural markets to political events, potentially impacting farmers and the broader economy.

Deutsche Bank has stated that the recent reform of the value-added tax (VAT) on gold in China will have a limited impact on demand. This is significant as China is one of the largest consumers of gold, and any changes in tax policy can influence market dynamics. By downplaying the potential effects, Deutsche Bank aims to reassure investors and stakeholders about the stability of gold demand in the region.

Rapid7's stock has reached a 52-week low of $17.74, reflecting a challenging year for the company. Investors are concerned about the ongoing difficulties that have impacted its performance.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

Guggenheim has raised its price target for Sphere Entertainment to $90, reflecting a strong outlook for the company. This positive adjustment indicates confidence in Sphere's future performance and growth potential.

Mach Natural Resources has seen its stock price drop to a 52-week low of $11.76, raising concerns among investors about the company's performance and future prospects.

Bitcoin has seen a significant drop, losing over 20% from its recent peak and falling below $100,000 for the first time since June. This decline reflects a broader bear market trend, impacting crypto stocks as well. Fred Thiel, CEO of Mara Inc, shared insights on the situation during his appearance on Bloomberg Crypto.

Putin has expressed strong confidence in the capabilities and future prospects of Russia's new weapons systems. He highlighted their advanced technology and strategic importance, emphasizing the nation's commitment to enhancing its military strength.