News

Bullish on Starbucks Stock’s Star CEO, Growing Dividend, and Solid Value

Shares of coffeemaker Starbucks (SBUX) received a jolt of nearly 25% yesterday on news that Chipotle (CMG) CEO Brian Niccols, who is a star when it comes to leadership, will be taking over as CEO in September. Even after this incredible one-day gain (the stock’s largest ever), shares of Starbucks could have plenty of upside ahead. I’m bullish on Starbucks based on the excellent choice it made in the hiring of its new CEO, the company’s reasonable valuation, and its attractive 2.4%-yielding divid

Temasek Spent Billions on US Tech Stocks Before July Selloff

(Bloomberg) -- Singaporean state-owned investor Temasek Holdings Pte spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesTem

AstraZeneca’s Market Cap Soars Past £200 Billion for First Time

(Bloomberg) -- AstraZeneca Plc has become the first British company to be valued at more than £200 billion ($257 billion) after a big bet on cancer drugs helped drive a rally in the shares. Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders t

Zepto raises $340M at a $5B valuation as India's quick-commerce market heats up

Indian instant delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India's contested quick-commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, which will be closed within a few days, sources familiar with the deal told TechCrunch. The round values Zepto, which delivers everything from grocery to electronics in minutes, at $4.6 billion pre-money, which comes to about $5 billion after the investment, according to a term sheet seen by TechCrunch.