Starbucks has announced a sweeping restructuring plan that includes the closure of select stores across North America and the elimination of approximately 900 corporate and non-retail jobs. The move marks one of the most significant strategic shifts for the Seattle-based coffee company in recent years as it attempts to stabilize financial performance and reignite growth momentum. In a letter to employees, CEO Brian Niccol emphasized that while store openings and closings are routi

Larry Ellison, the co-founder of Oracle and the world’s second-richest man after Elon Musk, has pledged to donate 95% of his estimated $373 billion fortune. His vast wealth comes primarily from his 41% stake in Oracle and significant investments in Tesla, both of which surged in value due to the AI boom. Ellison first made this pledge in 2010 through the Giving Pledge, a global philanthropic commitment by billionaires to give away most of their fortunes.

Gold, the most closely watched safe-haven asset, slipped from its record peak this week, sparking fresh debate among investors and traders. The decline in 22-carat and 24-carat gold prices has been tied to three key factors: the strengthening US dollar, cautious Federal Reserve signals, and anticipation around upcoming economic data. Despite the retreat, gold remains under the spotlight as global uncertainty keeps demand resilient.