Starbucks is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement announced Monday, Boyu acquire a 60% interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own and license…… MORE
SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal to run OpenAI’s systems on Amazon’s cloud services. OpenAI will access hundreds of thousands of Nvidia’s AI chips through Amazon Web Services. The deal was announced Monday, just days after OpenAI changed its partnership with Microsoft. Last week, California and Delaware regulators allowed…… MORE
WASHINGTON (AP) — Treasury Secretary Scott Bessent says he plans to take a “ringside seat” at the U.S. Supreme Court on Wednesday. That’s when the justices are set to hear arguments on whether President Donald Trump overstepped federal law in setting many of his sweeping tariffs. Trump had said he wanted to go to the…… MORE
Denny’s said Monday that it’s being acquired by a group of investors who will take the breakfast chain private. Denny’s board unanimously approved the deal, which values Denny’s at $620 million including debt. The company will be purchased by private equity investment company TriArtisan Capital Advisors, investment firm Treville Capital and Yadav Enterprises, which is…… MORE
PORTLAND, Ore. (AP) — A federal judge in Oregon has once again barred President Donald Trump’s administration from deploying the National Guard to Portland, Oregon until at least Friday. Trump appointee U.S. District Court Judge Karin Immergut issued the ruling Sunday after a three-day trial and says she will issue a final ruling on Friday.…… MORE