Author: Daniel snow

China’s homegrown coffee giants are brewing up a U.S. expansion

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Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond.Luckin Coffee, China’s largest coffee chain, has expanded aggressively in China and overtaken Starbucks on the mainland, with more than twice as many outlets.Following an accounting fraud scandal that got the company delisted from the Nasdaq in 2020, Luckin has staged an unlikely comeback with quirky flavors and steep discounts — as low as $1.40 per cup during an earlier price war with rival Cotti Coffee.The Wall Street debacle hasn’t dampened Luckin’s ambitions in the U.S., where it still trades…

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As Temu, Shein pivot to Europe, they again meet regulatory scrutiny

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Shein and Temu icons on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesTemu and Shein are pivoting to Europe as their business in the U.S. takes a major hit from unfavorable trade policies. But the China-founded budget e-commerce apps may not receive a warm reception in their new target markets. In recent weeks, complaints have been filed against Temu and Shein in the EU, accusing them of unsavory business tactics. That comes as the bloc prepares a new two-euro flat fee on previously customs-free small packages from online marketplaces like Temu and Shein. Experts say the new developments could be ominous…

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Apple WWDC underwhelms on AI, software biggest facelift in decade

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Apple CEO Tim Cook speaks during the Apple Worldwide Developers Conference (WWDC) on June 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty ImagesApple’s annual developer conference on Monday lacked the splashy announcement that fans are used to seeing at WWDC. There was nothing like the Vision Pro reveal from 2023 or the Apple Intelligence announcement last year.But there was an important software update that, later this year, will change the way all of Apple’s major devices, from iPhones and Mac laptops to Vision Pro virtual reality headsets, will look. It’s a new design language that…

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Jim Cramer says Circle Internet stock is ‘too hot’ at current levels

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CNBC’s Jim Cramer on Monday examined Circle Internet, a stablecoin issuer that made a splash during its market debut last week, saying he’d wait to buy the stock until it has retreated from recent highs.”Circle Internet Group’s a solid company, but the stock, right now, has gotten too hot for me. I can’t recommend it up here,” he said. “Why don’t you let it cool off before you even think about pulling the trigger.”Circle Internet founded USDC, a dollar-pegged stablecoin meant to act as fiat money on the internet. USDC is the second-largest stablecoin on the market behind Tether’s USDT.…

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