Keurig Dr Pepper buys JDE Peet’s for $18 billion, gaining Peet’s Coffee, Douwe Egberts, and L’OR brands. The acquisition positions KDP to compete with Nestlé and Starbucks in global coffee markets.
Intel’s market share plummeted from 77% to 68% as manufacturing delays and missed AI opportunities let AMD and NVIDIA surge ahead. The chip giant’s struggles highlight how innovation gaps can topple industry leaders.
Coinbase CEO fired engineers who didn’t adopt GitHub Copilot and AI coding tools by deadline. Armstrong targets 50% AI-generated code by September as tech companies mandate AI integration or face termination.
Y Combinator startup Oway secures $4M to create blockchain-powered freight marketplace. The decentralized platform connects shippers directly with carriers, targeting $10 trillion global logistics market inefficiencies.
Royal Mail and DHL halt US parcel services after elimination of de minimis duty-free rule for packages under $800. E-commerce sellers face immediate disruption as new customs requirements take effect August 29.
Fed Chair Powell hints at imminent rate cuts as inflation cools toward target. Markets surge on September cut expectations while Powell emphasizes gradual, data-dependent approach to monetary policy easing.
Major European bank inflated AI chatbot productivity data to justify layoffs, then rehired staff after union pressure. The controversy exposes risks of overselling artificial intelligence capabilities in banking sector.
Cracker Barrel’s new minimalist logo triggered massive customer outrage and 13% stock drop. The $700M “All the More” rebrand aims to attract younger diners but alienates loyal customers demanding tradition.
Walmart’s stock dipped after earnings missed forecasts at $0.68 EPS vs. $0.73 expected—even though sales rose 4.8% and full-year guidance was raised.
Explore the financial and strategic implications of the $2.7 billion deal taking Soho House private. Discover how this move, along with Ashton Kutcher joining the board, signals a new direction for the exclusive hospitality brand.
