RBC downgrades Starbucks after strong 2026 start, says growth expectations are too high
Lofty investor expectations for growth and a balanced risk-reward ratio make shares of Starbucks less compelling, according to RBC Capital Markets.
Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain’s potential sale of its stake in Bridge Data Centres comes amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity.
Disney embarks on new chapter as Josh D’Amaro takes over as CEO
Bob Iger is stepping aside as Josh D’Amaro, who previously served as chairman of Disney’s experiences division, takes over as CEO.
Mortgage refinance demand plunges 19% after interest rates shoot higher
Mortgage rates shot higher last week, as the war with Iran stoked fears over inflation. That caused a major drop in refinance demand, but buyer demand improved.
Macy’s expects sales to fall this year, even as store revamp shows progress
Macy’s posted solid fourth-quarter results as it tries to revamp some stores and close others.
HSBC says stock markets are pricing in a recession, not stagflation. Here’s how it’s trading the rotation
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The Fed will give its latest monetary policy decision Wednesday. How to trade it
No rate cut at the Fed’s latest meeting is the consensus, but the tone of Chair Jerome Powell’s news conference after the decision is an unknown factor.
Cuba partially restores power as President Díaz-Canel vows ‘unyielding resistance’ to U.S. oil blockade
The communist-run island nation is thought to be facing its biggest test since the collapse of the Soviet Union amid a U.S. oil blockade.
Nvidia CEO Jensen Huang says OpenClaw is ‘definitely the next ChatGPT’
Nvidia CEO Jensen Huang pointed to a fast-rising project called OpenClaw as a major step forward in how people interact with AI.
Iran conflict looms large over Takaichi’s upcoming summit with Trump, experts say
The topic of Iran is likely to dominate Thursday’s meeting, instead of investments or the U.S.’ role in Asia, experts told CNBC.