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STARBUCKS CORPORATION (XNAS:SBUX) is seeing renewed investor interest, with shares climbing over 4% to surpass $95 levels not seen since April. The stock is now approaching the $100 mark it last held in March before broader market pressures, including new tariffs, triggered a decline below $80. The rally comes amid a mix of positive developments. Citi analysts raised their price target for Starbucks from $84 to $95, aligning...

11 June 2025

Roblox Corporation (XNYS: RBLX) is aiming to capture a significant slice of the $190 billion global gaming industry. Cofounder and CEO Dave Baszucki recently shared the company’s ambitious goal of having 10% of the gaming market operate on the Roblox platform. “We’re seeing more engaging content and a broader demographic reach,” Baszucki said, pointing to the company’s efforts to build a more diverse and global ecosystem of creators...

11 June 2025

Michelin has announced plans to close its tire manufacturing facility in Queretaro, Mexico, by the end of 2025. The move comes as the company adapts to evolving market demands in the passenger car and light truck segment. The closure will impact approximately 480 employees. According to Michelin, the decision was made as a “last resort” due to the plant’s inability to meet current market requirements. The facility, one...

9 June 2025

In a recent legal development, Reddit has filed a lawsuit against the artificial intelligence firm Anthropic, citing unauthorized data collection practices. The suit, lodged in California Superior Court in San Francisco, accuses Anthropic of deploying automated tools to extract user generated content from Reddit without proper consent. Reddit asserts that Anthropic utilized automated bots to access and harvest user comments, contravening explicit directives to refrain from such activities....

4 June 2025

The Walt Disney Company has confirmed another round of global layoffs, affecting several hundred employees across its film, television, and finance divisions. This move is part of the entertainment conglomerate’s ongoing efforts to adapt to rapid changes in the media landscape, particularly the shift from traditional cable television to digital streaming platforms. A company spokesperson stated that Disney is “continually assessing how to manage operations efficiently while maintaining...

3 June 2025
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