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Business

Peet's Coffee Trims Store Footprint in California Amid Corporate Restructuring

The iconic Berkeley-born coffee chain Peet's is closing dozens of locations across California, including in Southern California and the Bay Area, as part of a strategic realignment following its acquisition by Keurig Dr Pepper. The move, affecting hundreds of employees, has drawn sharp criticism from workers and union representatives.

Business

The Budgeting Blind Spot: How Meticulous Tracking Failed to Fix a $68k Salary's Financial Leak

A detailed four-month audit of every expense left one individual perplexed: despite a solid income and no major debt, their bank account was perpetually near empty. The experience underscores a critical gap between tracking spending and controlling it, a common pitfall in personal finance.

World

Trump's Tariff Ultimatum Forces South Korea Back to Negotiating Table

Amid renewed threats of steep US tariffs, South Korean officials are scrambling to salvage a key trade deal, with high-level talks in Washington failing to yield an immediate breakthrough.

Business

Gold's Resilience, Bitcoin's Stumble: A Stress Test for 'Digital Gold'

In a turbulent session driven by geopolitical fears, gold staged a historic V-shaped recovery while Bitcoin languished, raising fresh questions about the cryptocurrency's viability as a modern safe haven.

Business

Dollar on Track for Weekly Loss Amid Escalating Global Tensions

The U.S. dollar extended its weekly decline as fresh geopolitical risks, including new tariff threats over Cuba and potential military action against Iran, dampened appetite for American assets, despite domestic political relief.

Business

UPS Pivots with Sweeping Restructuring: 30,000 Jobs Cut, Focus Shifts to Healthcare and High-Margin Clients

Facing uneven long-term performance, UPS announces a major strategic overhaul involving significant job reductions, facility closures, and a deliberate move away from low-margin Amazon volume. The company is betting big on healthcare logistics through acquisitions to bolster its global cold chain network.

Business

SpaceX Eyes June 2026 for Historic IPO, Potentially Aligning with Celestial Event and Musk's Milestone

SpaceX is reportedly targeting June 2026 for its long-awaited public market debut, with sources suggesting the timing could be synchronized with a rare planetary alignment and CEO Elon Musk's 55th birthday, as the company seeks capital for its ambitious Mars missions.

Business

Robinhood CEO Sees AI as a Job Creator, Not a Destroyer, Amidst 'Nervous' Pace of Change

In a recent interview, Robinhood CEO Vlad Tenev argues that artificial intelligence will likely reshape the workforce by creating new, unforeseen categories of employment, drawing parallels to past technological revolutions. However, he acknowledges the unprecedented speed of AI-driven change is a cause for concern.