Money

Starbucks to inspect 5,400 stores in China urgently

Published

4 years ago

December 14, 2021

Starbucks has issued an apology after selling expired food at stores in China and will carry out inspections at 5,400 outlets

Starbucks has come under fire after a state-backed newspaper claimed that two of the coffee chain’s stores sold expired food.

The global coffee brewer issued an apology on Monday, and confirmed that it will now carry out inspections at over 5,000 stores across China – with additional staff training also to be provided to up-skill employees.

The Beijing News newspaper, in what it described as an undercover investigation, said the incidents occurred at two stores in the eastern Chinese city of Wuxi.

The incident became a trending topic on China’s Weibo social media application in the aftermaths of the report being published.

Starbucks initially said it had shut the two stores and was carrying out an investigation.

Later on Monday it said it had found that the two stores had indeed committed violations and that the company had not sufficiently paid attention to food safety standards.

“We sincerely apologize to all of Starbucks’ customers,” it said in a statement on its official Weibo account.

The Wuxi’s Market Supervision Administration also said in a statement late on Monday that after conducting investigations on the two stores involved in the incident, it also carried out checks on all 82 Starbucks stories in the city, finding 15 issues in total, including employees not wearing work caps and disinfections records not being complete.

Chinese consumers and media have become more aggressive about protecting customer rights and monitoring the behaviour of big brands, especially those that are based overseas.

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

19 hours ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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Money

AI rattles finance stocks as markets react to disruption fears

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Published

20 hours ago

February 5, 2026

Harvey Vargas

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Artificial intelligence is being seen as a growing threat to the financial services sector, with markets reacting fast. Several financial firms suffered sharp share price drops after Anthropic unveiled new AI tools, sparking fears of widespread disruption across data, analytics and market infrastructure.

The selloff quickly spread beyond financial services, hitting software and outsourcing companies as investors questioned the future of jobs and professional roles in an AI-driven economy. The volatility reflects deep uncertainty over how quickly AI could reshape entire industries.

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Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

1 day ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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