Investing.com -- U.S. chip stocks bounced back Thursday, recovering some of the ground lost earlier in the week, as a rally in Chinese semiconductor shares helped steady investor nerves following a selloff following Samsung Electronics’ latest results.
Investing.com -- U.S. chip stocks bounced back Thursday, recovering some of the ground lost earlier in the week, as a rally in Chinese semiconductor shares helped steady investor nerves following a selloff following Samsung Electronics’ latest results.
Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp. The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed ...
Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp. The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News. Some of the Starbucks-developed software could roll out by the end of next year, pending the results of testing. For years, businesses were tethered to their technology vendors due to fear of business disruption and the complexity of building in-house tools. Now AI is shifting that calculus as it makes it easier to develop applications from scratch and as companies push workers to use the technology. Leading software companies face mounting concerns about whether they’ll be able to fend off competition from products built by upstarts, or their own customers, using AI. This phenomenon has weighed on software stocks this year, with Microsoft and IBM both trailing the S&P 500. Starbucks spends about $400 million a year on software alone, Chief Technology Officer Anand Varadarajan told workers in an internal forum earlier this year. “There’s clear opportunities to reduce the spend in software,” Varadarajan said, according to a recording of the meeting reviewed by Bloomberg News. In-house software can be cheaper, an incentive for companies such as Starbucks, which is looking to cut $2 billion in costs as part of a broader turnaround effort. Though in the long run, building can lead a company to pay higher maintenance and labor costs. Read More: Starbucks’ US Rebound Shows Turnaround Plans Are Resonating When it comes to technology, the company is reviewing “every contract and service,” according to the presentation. In some cases, that includes building products to replace software that its engineers have to heavily tailor anyway. Starbucks has been working fo...
The crypto flash crash on Oct. 10, 2025, started the bear market with a bang. Nine months into the slump, most crypto majors have lost at least 30% of their peak value; some investor have been saying that Bitcoin (CRYPTO: BTC) is dead; and many altcoins have experienced plunges in excess of 95%. But in recent weeks, there have been a few inklings suggest the end of the bear market may be in sight....
The crypto flash crash on Oct. 10, 2025, started the bear market with a bang. Nine months into the slump, most crypto majors have lost at least 30% of their peak value; some investor have been saying that Bitcoin (CRYPTO: BTC) is dead; and many altcoins have experienced plunges in excess of 95%. But in recent weeks, there have been a few inklings suggest the end of the bear market may be in sight. Hyperliquid (CRYPTO: HYPE) is flirting with an all-time high; Solana (CRYPTO: SOL) is up 16% in a month (as of July 8); and Ethereum (CRYPTO: ETH) is clawing its way back from its June lows. Are those things just a coincidence, or is there a real chance of the bear market ending soon? Image source: Getty Images. Continue reading
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