Author: Charlotte

Mubadala Investment Company has agreed to make a significant minority investment in Luckin Coffee alongside Centurium Capital, the coffee company’s controlling shareholder, in a transaction with an aggregate value of approximately $1 billion. The investment deepens Mubadala’s exposure to China’s consumer sector as the country’s coffee market continues to expand, supported by increasing adoption of freshly brewed coffee and higher consumption frequency among existing coffee drinkers. Luckin Coffee has built a technology-driven retail platform that integrates digital customer engagement, product development, store operations and supply-chain capabilities. Mubadala said Luckin’s combination of scale, digital capabilities and rapid product innovation has allowed…

Welcome to The Herald’s weekly snapshot of golf business news in Scotland.The future of The Glen Golf Club in North Berwick has become one of the most closely-watched debates in Scottish golf.Members are considering a proposal that would see The Ancient Links Golf Company (TALGC) take over day-to-day operations and invest an estimated £8-£10 million in the course and clubhouse. The plan has divided opinion, prompting opposition from some members and a campaign seeking a vote of no confidence in the club’s management committee.The situation is notable because it is not taking place at a club widely regarded as being…

The asset itself has rocketed by 800% weekly and is now the 92th-largest by market cap. Similar to the previous weekends, this one is quite sluggish for bitcoin, as its price remains in a very tight range between $77,000 and $77,400. Most larger-cap alts are in the same boat, with minor losses compared to yesterday. CRO, PUMP, and BTW have marked more substantial gains, but one alt reigns supreme. BTC Fights for $77K Bitcoin finished the first week of September with intense volatility after it rocketed to $82,400 for the first time since mid-May, before it was rejected and…

It is far from guaranteed that the economic growth the Netherlands has enjoyed in recent years will continue, ING economists warned in a new report. The economists say that the country is running short of the labor, space, infrastructure, and investment needed to keep the economy growing the way it has.The analysts argue that higher government spending has driven much of the recent economic expansion. Substantial purchasing-power measures have also been introduced. “That means the extra outlays have mainly served to cushion the negative effects of economic shocks, rather than to strengthen the economy’s longer-term foundations.”Discounts on energy bills and…

Looking at where the brightest investing minds in tech are putting their money is a great way to source stock ideas. One of the more impressive founders in Silicon Valley history is Peter Thiel, even if he is a controversial figure. Thiel helped found PayPal and Palantir, but now, he also runs a hedge fund. That fund, Thiel Macro, has a relatively concentrated portfolio, and as recently as the first quarter, it held no stocks at all. But in the second quarter, Thiel picked up a new set of investments, and the largest of those positions may come as a…

Understanding SPX6900’s Recent Drop: Macro Forces, Meme Dynamics, and Normal Volatility SPX6900 (SPX)’s 4.69-point drop over the last ~44 hours is best explained by a broad macro-driven altcoin selloff hitting a previously overextended meme coin, not by any SPX-specific news. Macro Selloff Pressure On Altcoins Across the same period, the crypto market was already in a macro-driven correction that hit altcoins harder than Bitcoin. A series of reports highlight that US Producer Price Index (PPI) came in above expectations, which “triggered the selloff” and pushed the total crypto market cap down about 3% in 24 hours, with majors like ETH,…

On September 2, Gold.com Inc. (NYSE:GOLD) reported fiscal fourth-quarter and full-year results that showed just how much a string of acquisitions has reshaped the business. Revenue for the quarter ended June 30 nearly doubled to $5 billion, up 99% from a year earlier, while full-year revenue jumped 132% to $25.5 billion from $11 billion in fiscal 2025. Behind those numbers sits a company betting big on scale, and a business still working through what that scale costs. Gold.com (GOLD): On A Gold Rush With Cracks Underneath Building A Full Metal Machine The growth story here is mostly acquisition math. Gold.com…

Ripple taps $13T corporate treasury market by integrating RLUSD stablecoin into cash workflows.Ripple has integrated its RLUSD stablecoin into the cash management workflows of over 1,000 enterprises, including Fortune 500 companies, through its Treasury platform acquired from GTreasury. This platform processed $13 trillion in payments last yea… Source link

Chinese scientists have reported the discovery of a large underwater deposit with high concentrations of gold and silver in the western Pacific Ocean. According to state broadcaster CCTV, the site is located in a back-arc basin within China’s exclusive economic zone, although its exact coordinates have not been disclosed. The results of a joint expedition by several Chinese research institutions were reported by the South China Morning Post, citing CCTV.Precious metal contentThe deposit is located in a high-temperature hydrothermal field, where hot metal-rich water emerges from openings on the ocean floor. The ore consists of hydrothermal sulfide deposits: when superheated…

A Reddit discussion about the craze surrounding NeeDohs painted a vivid picture of what can happen with impulse buys. For some shoppers and retail workers in the Reddit thread, the trend is no longer just irritating. It has become expensive, stressful, and deeply wasteful. Here’s what to know In r/Anticonsumption, the original poster argued that the fad points to a larger issue than toy collecting.  Photo Credit: Reddit “And it especially sucks that people are raising their children to be mindless consumers when it’s their future on the line with climate change,” they wrote. A commenter who said they worked…