Starbucks is forming a joint venture with Chinese alternative asset management firm Buoyu Capital to operate the coffee chains locations in China. That deal is valued at $4 billion. Buyu will hold up to a 60% interest in the joint venture with Starbucks holding the 40% stake.The company though has conducted a monthslong review of options for its China business which includes about 8,000 coffee shops. Boy's founders include the grandson of one of China's former presidents. And if you look at Starbucks shares ...

career in finance. She wanted to be a bilingual pediatrician, but life took her in a different direction. She helped build one of the most successful black owned investment firms in America, and now she's CEO of TIAA retirement solutions, leading a century old company that manages nearly a trillion dollars in assets, all with one mission, helping Americans live comfortably in retirement.A 2025, CNBC Changemaker Courtney Gibson is in the changemakers and power players spotlight. Courtney, thank you so much f ...

Cloud Computing & AI Partnerships - Amazon is entering a $38 billion deal with OpenAI to provide cloud computing services [1] - OpenAI is diversifying its cloud infrastructure, utilizing services from Google, Microsoft, and Amazon due to high compute demand [7] - Microsoft has invested $13 billion into OpenAI, experiencing a 10x return after renegotiating the deal [5] - Amazon has invested $8 billion into Anthropic, an OpenAI rival [3] Competitive Landscape - The cloud computing sector is witnessing complex relationships, with Microsoft partly owning OpenAI, a company now partnering with Amazon, a major cloud competitor [1][4][5] - Tech giants are engaging in "proxy wars" through investments in AI startups like OpenAI and Anthropic [5] - Amazon needs to attract significant AI clients like OpenAI to strengthen its AWS strategy [3][8] Hardware & Infrastructure - OpenAI is currently using Nvidia GPUs, even in its Google Cloud partnership, instead of Google's TPUs [9] - Amazon is constructing new data centers specifically for OpenAI, similar to its approach with Anthropic [10] - Amazon's deal with OpenAI is initially using Nvidia chips, but there is potential to incorporate AMD chips in the future [9]

While we're talking about tech, let's talk about one of the biggest tech names last week. Of course, that's Amazon hitting a new record high today after announcing a new partnership with Open AI. Our Mackenzie Sagalas joins us now with the details on this new partnership.McKenzie, >> hey Frank. So, Amazon now on pace for its biggest back-to-back gains in three years after announcing that it signed a 38 billion deal with Amazon Web Services and will immediately begin accessing Nvidia GPUs through the Amazon ...

When you read about how we have such an extreme concentration of market capitalization in barely more than a handful of companies, there's a natural tendency to want to avoid them. >> Don't >> Who wants to own stocks like the Magnificent Seven. They've had such huge runs, you can probably get something cheaper, right.But today, like so many other days, you just feel like such a chump when you deviate from these seven stocks. Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. And as we head toward ...

It is time for the light by myself course ahead of time and then the lighting round is over. Are you ready. Time for the light.Let's start with Joe in Colorado. Joe >> Booya Jim. >> Booyah.Joe, what's up. >> Awesome. Hey, thanks for taking my call.I'm a first time caller, but I've been listening to you for 20 years, man. You're awesome. Thank you so much for all you do. >> Thank you very much. Thank you.>> Absolutely. Hey, I'm calling about the SIC. It's a stock I've had for, you know, several years. It's > ...

Listen to Jim Cramer’s personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market new ...

Changes all over the counter business for just over $40 billion. Now, you know candy was Tylenol, Neutrogena, Listerine, Band-Aids, Benadryl, and of course, Johnson's, among a host of other brands. KOMI is playing a 46% premium to create the second largest consumer packaged goods company on Earth.Second, keep that in mind. But Wall Street's skeptical about the deal. Stock plunged more than 14% today in response, falling to its lowest level since 2018.It was not a surprise, though. So what's the argument for ...

[Music] [Music] Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer, my friends.I'm just trying to make a little bit of money. My job is not just to entertain, but to teach you. So call me 1800 743 CBC.Tweet me at Jim Kramer. When you read about how we have such an extreme concentration of market capitalization in barely more than a handful of companies. There's a natural tendency to want to avoid them.>> Who wants to own stocks like the Magnificent Seven. They've had such huge runs. You can probably g ...

Mortgage Rate & Refinance Opportunities - 30-year fixed mortgage rates have decreased to around 65%, potentially leading to savings for homeowners with 7-8% mortgages [1] - Approximately 20 million Americans currently hold mortgages above 7% [2] - Refinancing at an average rate of 65% (or 62% on bettercom) could save borrowers with a $400000 loan balance around $3200 per year [3] Bettercom's AI-Driven Efficiency - Bettercom's mortgage origination cost is $3000, significantly lower than the industry average of $12000, attributed to AI-powered automation [4][5] - Bettercom's AI loan officer, Betsy, is trained on 12 million phone calls and can handle various tasks, including calculating savings and understanding underwriting criteria [6] - Betsy operates 24/7, offering continuous service [7] Competitive Landscape & Home Equity - American families hold $32 trillion in tapable home equity with $18 trillion in debt, half of which was accumulated since the pandemic [7][8] - Refinancing through home equity lines of credit can save families an average of $1000 per month [8] - Bettercom's direct-to-consumer home equity product, launched in 2023, is already two-thirds the size of Figure's [8] - Bettercom's valuation is around $1 billion, while Figure's valuation is approximately 8 to 9 billion [9] Technological Advantage - Bettercom utilizes Tinman, an end-to-end mortgage system built from the ground up, unlike the industry standard of using multiple disparate systems [12] - The Tinman system allows for AI integration across all tasks, leading to significant cost reduction and consumer savings [14][15]