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

Luckin Coffee dethroned Starbucks as China’s biggest coffee chain two years ago by selling coffee at one-third of its price.

yesterday 10

Bloomberg

Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he’ll ‘call him and offer my help’

Also: All the news and watercooler chat from Fortune.

yesterday 20

Diane Brady

Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era

Titan Holdings has launched a new operating company, Tala Health, Fortune has exclusively learned.

yesterday 10

Allie Garfinkle

Childcare is so expensive many families are just giving up now, forcing them to sacrifice incomes, savings, and careers

Bank of America found a 1.6% annual decline in the number of households making monthly payments in September.

yesterday 10

Jason Ma

America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap’s set to get wider under Trump

The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to...

yesterday 2

Emma Burleigh

Ray Dalio is backing a $1 billion blueberry unicorn that sells berries nearly the size of golf balls

Fruitist is the rare instance of a successful startup in 2025 that has nothing to do with AI.

yesterday 2

Eva Roytburg

Victor Conte, villain of baseball’s 1990s steroids scandal, dies at 75

Conte, who served four months in federal prison for dealing steroids, talked openly about his famous former clients.

yesterday 2

Audrey Mcavoy

Bershire Hathaway profits spike 17% in one of Warren Buffett’s last quarters as CEO

The company is preparing for the legendary 95-year-old investor to relinquish the CEO title in January.

yesterday 1

Josh Funk

A risky mortgage instrument that helped spark the Great Financial Crisis is on the rise again. It’s a gamble on the Fed’s future direction

Before the crash of 2008, a decline in home prices was inconceivable to the market. Is the modern equivalent a Federal rate hike?

yesterday 1

Nick Lichtenberg

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion roughly 6% of GDP. And if the Supreme Court strikes the tariffs down...

yesterday 1

Nick Lichtenberg

CBS posts full transcript, video of Trump interview with ’60 Minutes,’ prompting outcry over edits left on cutting room floor

Jorge Bonilla, writing for the conservative media watchdog Newsbusters, wrote, “It appears that the Bari Weiss era is now full upon us at CBS News...

yesterday 1

David Bauder

Goldman Sachs’ CEO debunks AI job replacement hysteria because he says humans will adapt like they always do: ‘Our economy is very nimble’

“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible,” said David Solomon.

yesterday 0

Marco Quiroz-Gutierrez

‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning warning with bearish stock activity on Nvidia and Palantir

“Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is...

yesterday 0

Sasha Rogelberg

The U.S. housing market is ‘starved’ for affordability: Boomers edge millennials and Gen Z out of homeownership in record numbers

Home buyers need to make six figures to afford a median-priced home in the U.S.

yesterday 0

Sydney Lake

What Block’s CFO and finance team want peers to know about Bitcoin

Block, Inc. made its first corporate bitcoin purchase in 2020.

yesterday 0

Sheryl Estrada

Starbucks’ new China strategy shows that winning over that lucrative market is easier said than done for Western brands

Now the CEO can devote more time to turning around Starbucks' U.S. business.

yesterday 0

Phil Wahba

Uber says ‘unpredictable’ issues involving ‘legal proceedings or governmental investigations’ took a $479 million bite out of its bottom line

Uber's stock is down roughly 7% as of Tuesday morning following the earnings release, despite having climbed about 46% year-to-date.

yesterday 1

Dave Smith

‘You will see mass chaos. You will see mass flight delays. You’ll see mass cancellations’: Transportation Secretary desperate for shutdown to end

Sean Duffy said that a lot of his air traffic controllers can manage missing one paycheck, but two is another matter.

yesterday 0

Josh Funk

Trump’s breaking-the-china strategy isn’t working: Despite the global collateral damage, only modest progress has been made with China

Trump’s China visit revealed the weakness behind his tariff tactics, with major consequences for American businesses and consumers.

yesterday 0

Jeffrey Sonnenfeld

Trump’s seemingly offhand reference to a ‘G2’ hands status to China that it’s been seeking for years

Among other things, it prompted an Indian news service journalist to ask the Chinese Foreign Ministry if there was work to officially create such a...

yesterday 0

Nick Lichtenberg

Goldman and Morgan Stanley CEOs predict corrections of up to 20%, sparking global selloff

Wall Street expects tech stocks to take a hammering this morning.

yesterday 1

Jim Edwards

‘I did what any other mother would do to protect her children’: Mississippi mother wields frontier justice against escaped monkey menacing her home

Jessica Bond Ferguson said she was alerted early Sunday by her 16-year-old son who said he thought he'd seen a monkey running in the yard outside.

yesterday 0

Mike Schneider

Reese Witherspoon candidly attributes her $400 million Hollywood success to anxiety—she says she pushed herself to ‘extreme levels to show up in a perfect way’

Reese Witherspoon has spent four decades climbing Hollywood’s ranks—from an Oscar win to selling her company Hello Sunshine for $900 million. Now,...

yesterday 0

Jessica Coacci

Dictionary.com risks Gen Z mockery by crowning ‘6-7’ as word of the year

“Don’t worry, because we’re all still trying to figure out exactly what it means," the site said in its unusual announcement that lacked a...

yesterday 0

John Seewer

Dick Cheney, former Vice President and trailblazer of ‘unitary executive theory,’ dies at 84

Even though President Trump seems to be exercising the unitary executive theory as designed by Cheney's staff, the two became fierce opponents.

yesterday 1

Calvin Woodward

3 monkeys still on the loose after research transport truck crashes in rural Mississippi

Wooden crates labeled “live monkeys” were sent flying into the tall grass near Interstate 59 on Sunday.

yesterday 1

Jeff Martin

Martha Stewart responds to Gen Z paying up to $1,700 for her vintage book ‘Entertaining’ by rereleasing it for just $50

The Entertaining reissue is printed on nicer paper and costs $50, up from $35 originally. But every word is the same.

yesterday 1

Molly Liebergall

Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robubuses next year

"Drivers could be remote safety drivers, data labelers; they could change LiDARs, cameras, and so forth," Tan told analysts during an earnings Q&A.

yesterday 0

Angelica Ang

Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat

The tech giant’s shares fell Tuesday on valuation concerns, but CEO Alex Karp insists investors are “fighting for the right side of what should...

yesterday 0

Nino Paoli

Altcoin giant Animoca Brands aims to go public next year, listing will test investor appetite for exotic crypto assets

Animoca plans to float share on Nasdaq starting in 2026

yesterday 0

Carlos Garcia

Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

After nearly a decade at the helm of Sequoia Capital, Roelof Botha will step aside as steward of the legendary Silicon Valley VC firm.

yesterday 0

Allie Garfinkle

Inside the new open AI platform that helps anyone track a changing planet

OlmoEarth, a new open-source platform from the Allen Institute for AI, runs powerful AI models trained on millions of Earth observations from...

yesterday 0

Sharon Goldman

Gen Z dreams of a ‘Ralph Lauren Christmas’ in a dollar store American economy

A “Ralph Lauren Christmas” doesn’t have to be sourced from a Ralph Lauren store. It’s more a state of mind, and it’s more popular than ever.

yesterday 0

Nick Lichtenberg

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose...

yesterday 0

Eva Roytburg

OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services

The agreement comes less than a week after OpenAI altered its partnership with its longtime backer Microsoft, which until early this year was the...

previous day 20

The Associated Press

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

Airwallex cofounder and CEO Jack Zhang says the company is growing 90% year-over-year after expanding into the U.S. and Europe.

previous day 10

Leo Schwartz

Former Airbnb engineer raises $25 million for AI security platform Teleskope

M13 led the Series A for the New York-based startup with participation from M13 and Lerer Hippeau.

previous day 10

Leo Schwartz

For now, data ignorance is bliss on Wall Street as investors are warned not to rely too heavily on private surveys

"The danger with this data is that its message will be given unwarranted credibility by the absence of proper economic data," said UBS's chief...

previous day 10

Eleanor Pringle

Xi quips about backdoors during Xiaomi phone gift to Korea’s Lee

Xi, in South Korea to meet Trump on the sidelines of the APEC summit, presented the pair of smartphones to Korean President Lee Jae Myung.

previous day 10

Gao Yuan

Trump takes center stage at APEC–yet Asia’s business leaders are optimistic that multilateralism will prevail

Also: All the news and watercooler chat from Fortune.

previous day 10

Nicholas Gordon

Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.

Microsoft's announcement Monday was part of the company's planned $15.2 billion investment in technology in the UAE.

previous day 2

The Associated Press

Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading

“We were right. Please learn from us,” its CEO said in an interview ahead of the earnings call.

previous day 30

Jessica Mathews

Trump administration to partially fund SNAP this month after judges order use of emergency reserves

The government says an emergency fund it will use has $4.65 billion — enough to cover about half the normal benefits.

previous day 2

Geoff Mulvihill

Cybercriminals are stooping to a new low by targeting job seekers when the market is already bad: ‘Where’s the good sheep for the wolf to go attack?’

DNSFilter found 8,724 malicious domains containing the word “jobs,” with the overwhelming majority (86%) newly registered or observed.

previous day 2

Brianna Monsanto

Goldman Sachs CEO says AI-induced growth offers a ‘path out’ of America’s $38 trillion debt crisis

"The path out is a growth path," Solomon said. "The difference between compounding growth of 3% and 2% is monstrous in terms of dealing with this...

previous day 3

Eleanor Pringle

As AI accelerates decision-making, top executives are doubling down on a slower skill

From Mark Zuckerberg to Jamie Dimon, C-suite execs swear by daily deep, focused reading.

previous day 6

Ruth Umoh

Trump says he ‘won’t be extorted’ as the shutdown is about to become the longest ever—and millions could soon lose food aid

As the shutdown drags on, the White House is leaning into online trolling with fake MySpace pages and memes.

previous day 3

Mary Clare Jalonick

SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.

previous day 2

Jordan Blum

Trump turned tariffs into his foreign-policy weapon. This week, the Supreme Court will decide if he went too far

White House press secretary Karoline Leavitt said that the Trump trade team is working on contingency plans should the high court rule against him.

previous day 2

Michelle S. Price

Sam Altman sometimes wishes OpenAI were public so haters could short the stock—‘I would love to see them get burned on that’

Despite reports, Altman said OpenAI has no specific timeline on going public.

previous day 2

Categories

Sources

Newspaper Columnists

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

Bloomberg

Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he’ll ‘call him and offer my help’

Diane Brady

Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era

Allie Garfinkle

Childcare is so expensive many families are just giving up now, forcing them to sacrifice incomes, savings, and careers

Jason Ma

America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap’s set to get wider under Trump

Emma Burleigh

Ray Dalio is backing a $1 billion blueberry unicorn that sells berries nearly the size of golf balls

Eva Roytburg

Victor Conte, villain of baseball’s 1990s steroids scandal, dies at 75

Audrey Mcavoy

Bershire Hathaway profits spike 17% in one of Warren Buffett’s last quarters as CEO

Josh Funk

A risky mortgage instrument that helped spark the Great Financial Crisis is on the rise again. It’s a gamble on the Fed’s future direction

Nick Lichtenberg

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Nick Lichtenberg

CBS posts full transcript, video of Trump interview with ’60 Minutes,’ prompting outcry over edits left on cutting room floor

David Bauder

Goldman Sachs’ CEO debunks AI job replacement hysteria because he says humans will adapt like they always do: ‘Our economy is very nimble’

Marco Quiroz-Gutierrez

‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning warning with bearish stock activity on Nvidia and Palantir

Sasha Rogelberg

The U.S. housing market is ‘starved’ for affordability: Boomers edge millennials and Gen Z out of homeownership in record numbers

Sydney Lake

What Block’s CFO and finance team want peers to know about Bitcoin

Sheryl Estrada

Starbucks’ new China strategy shows that winning over that lucrative market is easier said than done for Western brands

Phil Wahba

Uber says ‘unpredictable’ issues involving ‘legal proceedings or governmental investigations’ took a $479 million bite out of its bottom line

Dave Smith

‘You will see mass chaos. You will see mass flight delays. You’ll see mass cancellations’: Transportation Secretary desperate for shutdown to end

Josh Funk

Trump’s breaking-the-china strategy isn’t working: Despite the global collateral damage, only modest progress has been made with China

Jeffrey Sonnenfeld

Trump’s seemingly offhand reference to a ‘G2’ hands status to China that it’s been seeking for years

Nick Lichtenberg

Goldman and Morgan Stanley CEOs predict corrections of up to 20%, sparking global selloff

Jim Edwards

‘I did what any other mother would do to protect her children’: Mississippi mother wields frontier justice against escaped monkey menacing her home

Mike Schneider

Reese Witherspoon candidly attributes her $400 million Hollywood success to anxiety—she says she pushed herself to ‘extreme levels to show up in a perfect way’

Jessica Coacci

Dictionary.com risks Gen Z mockery by crowning ‘6-7’ as word of the year

John Seewer

Dick Cheney, former Vice President and trailblazer of ‘unitary executive theory,’ dies at 84

Calvin Woodward

3 monkeys still on the loose after research transport truck crashes in rural Mississippi

Jeff Martin

Martha Stewart responds to Gen Z paying up to $1,700 for her vintage book ‘Entertaining’ by rereleasing it for just $50

Molly Liebergall

Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robubuses next year

Angelica Ang

Palantir’s ‘anti-woke’ playbook and ‘cultus’ winning strategy, after yet another earnings beat

Nino Paoli

Altcoin giant Animoca Brands aims to go public next year, listing will test investor appetite for exotic crypto assets

Carlos Garcia

Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

Allie Garfinkle

Inside the new open AI platform that helps anyone track a changing planet

Sharon Goldman

Gen Z dreams of a ‘Ralph Lauren Christmas’ in a dollar store American economy

Nick Lichtenberg

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

Eva Roytburg

OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services

The Associated Press

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

Leo Schwartz

Former Airbnb engineer raises $25 million for AI security platform Teleskope

Leo Schwartz

For now, data ignorance is bliss on Wall Street as investors are warned not to rely too heavily on private surveys

Eleanor Pringle

Xi quips about backdoors during Xiaomi phone gift to Korea’s Lee