BUSINESS NEWS
- Starbucks sells 60% of China unit to Boyu at $4 billion value
by Bloomberg on November 4, 2025 at 9:50 amLuckin Coffee dethroned Starbucks as China’s biggest coffee chain two years ago by selling coffee at one-third of its price.
- Tala Health raises $100 million seed round, as Ritankar Das seeks to build a holding company for the AI era
by Allie Garfinkle on November 4, 2025 at 9:26 amTitan Holdings has launched a new operating company, Tala Health, Fortune has exclusively learned.
- Some CEOs have vowed to revolt against a Zohran Mamdani win. Jamie Dimon says he’ll ‘call him and offer my help’
by Diane Brady on November 4, 2025 at 9:04 amAlso: All the news and watercooler chat from Fortune.
- Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading
by Jessica Mathews on November 4, 2025 at 4:15 am“We were right. Please learn from us,” its CEO said in an interview ahead of the earnings call.
- OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services
by The Associated Press on November 3, 2025 at 10:18 pmThe agreement comes less than a week after OpenAI altered its partnership with its longtime backer Microsoft, which until early this year was the startup's exclusive cloud computing provider.
- Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.
by The Associated Press on November 3, 2025 at 10:07 pmMicrosoft's announcement Monday was part of the company's planned $15.2 billion investment in technology in the UAE.
- Trump administration to partially fund SNAP this month after judges order use of emergency reserves
by Geoff Mulvihill, Kimberlee Kruesi, The Associated Press on November 3, 2025 at 9:51 pmThe government says an emergency fund it will use has $4.65 billion — enough to cover about half the normal benefits.
- Legendary investor Warren Buffett marks 3 straight years as a net seller of stocks with a new CEO about to take charge at Berkshire
by Jason Ma on November 1, 2025 at 4:20 pmThe conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion worth, marking the 12th consecutive quarter of net selling.
- CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’
by Marco Quiroz-Gutierrez on November 1, 2025 at 9:03 amJassy said the cuts weren’t AI-driven, “not right now at least.”
- Wells Fargo was reeling from scandal. Jamie Dimon protégé Charlie Scharf bet his career on saving the 173-year-old bank
by Shawn Tully on October 9, 2025 at 9:10 amRegulators were circling. The stock was sinking. This is the inside story of how Scharf took the toughest job on Wall Street, and got a legendary corporation back on track.