Browsing: Business

Starbucks Q1 fiscal 2026 revenue rose 6% to $9.9 billion as global comparable sales gained 4% and U.S. transactions turned positive after eight quarters. in Q1.

Amazon said it will cut about 16,000 corporate roles worldwide, its biggest layoffs since 2023, with support steps and varying timelines by country.

Dollar weakens broadly and yen jumps on intervention watch, lifting euro and sterling while markets track the Fed meeting and U.S. data.

Elon Musk’s net worth hit $788 billion on Jan. 22, 2026 as Tesla shares climbed after robotaxi updates in Austin, pushing real time rankings higher.

Trump’s Greenland pressure and tariff threats sharpen Europe’s focus on US Treasurys as Nordic investors cut holdings and markets watch dollar safety.

Federal Reserve data show the U.S. wealth gap hit a 36-year high in 2025 as stocks and housing boosted top households while most held little in latest reports.

Trump urged Congress to cap credit card rates at 10% for a year, while JPMorgan CEO Jamie Dimon said the proposal risks shrinking unsecured credit availability.

EU lawmakers halted the US trade deal approval track after Trump warned of fresh tariffs, putting the Turnberry framework into uncertainty.

Meta cuts about 1,500 Reality Labs jobs, with Oculus Studios hit, as Oculus founder Palmer Luckey calls the layoffs a good decision for VR in new filings today.

The metal’s rally accelerated after renewed U.S. and European frictions over Greenland, lifting demand for safe-haven assets and pressuring equities on Wednesday.