Starbucks CEO admits the chain âran like a manufacturing facilityâ
When Brian Niccol took over as CEO of Starbucks 18 months ago with the intention to return the company to its glory days of the 1990s and early aughts, he…
Putin is the real winner in Trumpâs Iran war as it puts Russian oil back on the map
The war in Iran is spiking global oil prices, and Russian President Vladimir Putin couldnât be happier. The war has bottled up one-fifth of the worldâs oil, putting a premium…
Bitcoin climbs as Trump grants five days for Iran negotiations
Bitcoin rose alongside equities while oil prices fell after U.S. President Donald Trump said the U.S. had begun talks with Iran, raising hopes for a deal to ease the conflict.…
Trumpâs âlargest tax refund season of all timeâ is getting totally swallowed up by higher gas prices
The U.S. economy was supposed to start the year with a bang, fueled by an unusually large jump in tax refunds from President Donald Trumpâs tax cut legislation. Yet spiking…
Iran Warâs effect on oil worse than the 1970s, IEA chief says
The head of the International Energy Agency said Monday that the global economy faces a âmajor, major threatâ because of the Iran war. âNo country will be immune to the…
Newark airport shuts down after a burning smell forces an air traffic control tower evacuation
Arrivals and departures were temporarily paused at Newark Liberty International Airport in New Jersey on Monday morning after air traffic controllers evacuated the tower due to a burning smell coming…
It took 200 years for national debt to hit $1 trillion. Annual interest alone now exceeds thatâa âcrushing legacy we must reverse,â says budget chair
The U.S.âs eye-watering debt burden poses an âexistential threat to the future of our nation,â the chairman of the House Budget Committee has warned, as the countryâs borrowing figure tipped…
The Iran war cripples Asiaâs supplies of fertilizer and helium, threatening farms and chipmakers alike
Much of the global worry over the closed Strait of Hormuz has focused on crude oil and natural gas, yet the waterway is also a channel for other key Gulf-produced…
Supermicroâaccused of smuggling $2.5 billion in Nvidia chips and servers to Chinaâhas been here before, with Iran
Supermicro has spent the past three years riding the AI wave in Silicon Valley but before the recent allegations involving a co-founder smuggling Nvidia chips, it previously ran afoul of…
Exclusive: Interloom, a startup capturing âtacit knowledgeâ to power AI agents, raises $16.5 million in venture funding
Michael Polyani, the British-Hungarian philosopher, economist, and scientist, is perhaps best known today for coining the term âtacit knowledge.â His great observation was that a large part of what constitutes…