Business
Starbucks Stock Climbs Modestly on China Progress and U.S. Turnaround Hopes
Starbucks Corp. shares edged higher in early Wednesday trading, rising about 0.80% to around $92.72 as investors weighed ongoing U.S. traffic challenges against signs of stabilization in China and the company’s multi-year reset plan aimed at reclaiming its position as the “third place” between home and work.

The stock traded in a range of roughly $92.04 to $93.29 after opening at $92.33, with volume exceeding 1.3 million shares by late morning. It closed Tuesday at $91.98, down 1.97% on the day amid broader market volatility, but remained well above its 52-week low of $75.50 and below the high of $104.82 reached in late January. Market capitalization stood near $105 billion.
Starbucks has faced persistent headwinds in its largest market, the United States, where comparable store sales have softened due to cautious consumer spending, competition from smaller chains and value-focused rivals, and lingering labor tensions. To counter this, the company has accelerated store redesigns, enhanced its rewards program and emphasized hospitality initiatives to rebuild customer loyalty and foot traffic.
A bright spot has emerged in China, Starbucks’ second-largest market. The company recently completed the sale of a 60% stake in its Chinese retail operations to private equity firm Boyu Capital in a deal valuing the business at approximately $4 billion, with the total enterprise value exceeding $13 billion when including Starbucks’ retained 40% interest and future licensing royalties. The transaction, expected to close in the second quarter of fiscal 2026, is intended to unlock capital for U.S. reinvestment while maintaining a meaningful presence in the fast-growing market.
Recent quarterly results showed China revenue rising 11% year-over-year to $823 million in the fourth quarter, with comparable store sales up 7% driven by higher transactions and average tickets. The joint venture structure is expected to provide greater operational flexibility and local expertise as Starbucks navigates a competitive landscape there.
Chief Executive Brian Niccol, who took the helm last year, has outlined an ambitious 2026 reset focused on global growth, menu innovation and elevating the in-store experience. Initiatives include refreshed store designs to enhance the “third place” atmosphere, new beverage platforms and targeted marketing campaigns. Analysts have noted early signs of progress in U.S. comparable sales trends, though full recovery is likely to take several quarters.
Wall Street sentiment remains mixed but leans cautiously optimistic. Consensus 12-month price targets hover around $94, implying modest upside from current levels. Ratings are predominantly “Hold” or “Buy,” with some firms trimming targets recently due to balanced risk/reward and lingering U.S. margin pressures. Guggenheim raised its target to $95 from $90 while maintaining a Hold rating, while RBC Capital downgraded the stock to Sector Perform.
The forward dividend of $2.48 per share yields approximately 2.70%, with the ex-dividend date having passed in mid-February. Starbucks has a long history of returning capital to shareholders, though the pace of dividend growth has moderated amid reinvestment needs.
Labor issues continue to draw attention. Ongoing unionization efforts and contract negotiations have occasionally disrupted operations and weighed on sentiment. The company has emphasized its commitment to fair bargaining while highlighting investments in partner (employee) benefits and training. A recent data breach incident affected some customer accounts but did not involve payment information, limiting its financial impact.
Starbucks operates more than 42,000 stores globally, with significant exposure to international markets that provide diversification from U.S. cyclicality. The company plans continued expansion, particularly in high-growth regions, while optimizing its domestic footprint through remodels and selective closures of underperforming locations.
For fiscal 2026, analysts forecast gradual improvement in comparable sales, with China expected to contribute meaningfully once the joint venture stabilizes. Earnings per share estimates for the year center around mid-single-digit growth, though execution on the U.S. turnaround remains critical. First-quarter results for fiscal 2026 are scheduled for late April, with investors watching closely for evidence of traffic recovery and margin expansion.
Broader consumer staples stocks have shown resilience amid economic uncertainty, but Starbucks trades at a premium valuation reflecting its brand strength and growth potential. The stock’s beta near 1.0 indicates market-like volatility, while its long-term track record has delivered solid total returns for patient investors despite recent cyclical pressures.
Retail investors have shown renewed interest as the stock pulled back from earlier 2026 highs. Some view current levels as an attractive entry point ahead of anticipated improvements in the second half of the year. Others remain cautious, citing competition from value-oriented coffee alternatives and slower premium beverage growth.
As trading progressed Wednesday, shares held modest gains, reflecting balanced views on near-term challenges and longer-term strategic repositioning. Starbucks rarely experiences sharp single-session moves, but sustained progress on U.S. traffic and successful integration of the China joint venture could catalyze a rebound toward analyst targets.
The company continues to invest heavily in digital tools, including its popular rewards program, which drives incremental visits and higher check averages. New menu items, seasonal promotions and enhanced mobile ordering aim to boost convenience and personalization in a post-pandemic environment where many customers prefer quick grab-and-go experiences.
Challenges in the U.S. market include competition from emerging chains and shifting preferences toward value. Starbucks has responded with targeted promotions and menu adjustments while protecting its premium positioning. International operations, particularly in Asia and Europe, provide a buffer and growth avenue.
Looking ahead, the success of Niccol’s turnaround strategy will likely determine the stock’s trajectory through 2026 and beyond. With a strong balance sheet, iconic brand and global footprint, Starbucks remains well-positioned to navigate near-term pressures and deliver long-term value for shareholders.
For now, the stock trades in a relatively tight range, reflecting investor patience as the company executes its reset plan. Modest early gains Wednesday suggest cautious optimism that hospitality-focused initiatives and China restructuring will eventually brew stronger results.
Business
Towns’ talking points ahead of election
The countdown is on to the 2026 Scottish elections – voters will be heading to the polls in just six weeks.
With a third of MSPs not seeking re-election, it will be a very different parliament to the last.
The BBC’s Scotland correspondent Lorna Gordon went to the Hamilton, Larkhall and Stonehouse constituency to find out some of the key issues on voters’ minds.
Filmed and edited by Morgan Spence
Produced by Paul Ward
Business
Octopus boss: We've seen a 50% rise in solar panel sales since start of Iran war
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GLP-1s primed to reshape food and beverage landscape

GLP-1s primed to reshape food and beverage landscape
Business
Car-Sized Asteroid 2026 FM3 to Fly Past Earth Closer Than Moon Tonight
A car-sized asteroid designated 2026 FM3 will make a relatively close flyby of Earth late Wednesday, passing at a distance of about 148,000 miles — roughly 60% of the average Earth-moon separation — but posing no risk of impact, NASA officials said.
The asteroid, roughly 15 feet (about 4.5 meters) across, will reach its closest approach at 10:07 p.m. EDT on March 24, or 0207 GMT on March 25, traveling at approximately 12,168 mph (19,580 km/h) relative to Earth. Discovered just days ago, the space rock highlights both the frequency of near-Earth object flybys and the improving capabilities of planetary defense networks to detect them early.

NASA’s Jet Propulsion Laboratory in Pasadena, California, tracks thousands of near-Earth objects (NEOs) through its Center for Near-Earth Object Studies. Asteroid 2026 FM3 appears on the agency’s “Next Five Asteroid Approaches” list as a car-sized object, underscoring that small bodies routinely pass within lunar distances without threat. For context, the moon orbits Earth at an average of 238,855 miles (384,400 kilometers).
“This is a routine close approach for objects of this size,” said a NASA spokesperson. “Asteroids like 2026 FM3 are too small to cause damage even if they were on a collision course, as most would burn up in the atmosphere. Our monitoring systems confirm it will safely pass by.”
The asteroid belongs to the Apollo group of near-Earth asteroids, whose orbits cross Earth’s path around the sun. Such objects originate primarily from the main asteroid belt between Mars and Jupiter, perturbed over time by gravitational interactions with planets.
At 15 feet wide, 2026 FM3 is comparable in size to a compact car. If it were to enter Earth’s atmosphere — which it will not — it would likely produce a bright fireball visible for hundreds of miles but cause no ground damage. Larger objects, roughly 80-100 feet across, are the threshold for potential regional effects, while those exceeding 0.6 miles (1 kilometer) could pose global hazards.
Wednesday’s flyby occurs amid heightened public interest in planetary defense. NASA’s Double Asteroid Redirection Test (DART) mission in 2022 successfully altered the orbit of a small moonlet, demonstrating that kinetic impactors could deflect hazardous asteroids years in advance. The agency’s NEO Surveyor mission, scheduled for launch later this decade, will enhance infrared detection of dark, hard-to-spot objects.
Amateur and professional astronomers may attempt to observe 2026 FM3, though its small size and rapid motion make it challenging for backyard telescopes. At closest approach, the asteroid will appear as a faint, fast-moving point of light requiring precise ephemeris data and dark skies. Professional observatories equipped with larger instruments or radar, such as those at Goldstone or Arecibo’s successor facilities, sometimes characterize such objects during close passes.
The discovery of 2026 FM3 came via the Zwicky Transient Facility at Palomar Observatory in California, part of a global network scanning the skies nightly for transient events. Many small asteroids are found only days or weeks before their closest approaches, yet orbital calculations quickly rule out impact risks.
NASA maintains a catalog of more than 35,000 known NEOs, with roughly 2,300 classified as potentially hazardous asteroids (PHAs) — those larger than 460 feet (140 meters) whose orbits bring them within 4.65 million miles (7.5 million km) of Earth. Objects the size of 2026 FM3 fall well below PHA criteria and are monitored primarily for scientific value.
Close approaches like this one provide opportunities to study asteroid composition, rotation and surface properties. Radar observations during flybys can reveal shape, spin rate and even loose rubble-pile structures common among small bodies. Data from such encounters refine models of solar system formation and help assess long-term deflection strategies.
Wednesday’s event follows a string of recent small-asteroid flybys. In early March, a bus-sized object designated 2026 EG1 passed about 198,000 miles from Earth, closer than the moon, just days after discovery. Another bus-sized asteroid, 2026 FQ2, made a more distant pass on March 24 at over 1.5 million miles. These frequent encounters demonstrate that Earth resides in a dynamic cosmic neighborhood where small bodies pass harmlessly on a near-weekly basis.
Public fascination with asteroids has grown with missions like OSIRIS-REx, which returned samples from Bennu, and Japan’s Hayabusa2 from Ryugu. These primitive bodies contain clues to the solar system’s early chemistry and the delivery of water and organic molecules to early Earth.
For skywatchers hoping to catch a glimpse, experts recommend checking astronomy apps or websites providing real-time tracking. However, 2026 FM3’s small size and speed mean it will not be visible to the naked eye. Those with moderate telescopes and accurate pointing data might detect it as a streaking dot against background stars.
The flyby occurs as global efforts to catalog and characterize NEOs accelerate. The International Asteroid Warning Network and Space Mission Planning Advisory Group coordinate responses to any future threats. No known asteroid larger than 100 feet poses an impact risk in the next century, according to current assessments.
Scientists emphasize that while Hollywood dramatizations often depict doomsday scenarios, the reality of small asteroid flybys is routine and educational. “These events remind us of the importance of continued vigilance and investment in planetary defense,” one astronomer noted. “Most asteroids are benign neighbors, but understanding them helps prepare for the rare larger threats.”
As 2026 FM3 speeds past Earth at more than 12,000 mph, it will continue its journey around the sun, returning for future approaches decades or centuries from now. Its brief visit offers a moment to appreciate the vastness of space and the technological prowess allowing detection of objects mere feet across millions of miles away.
NASA and international partners continue refining detection and tracking systems. The Vera C. Rubin Observatory in Chile, set to begin full operations soon, will dramatically increase the discovery rate of NEOs, potentially finding thousands of new objects annually.
For now, residents of Earth can rest easy. The car-sized visitor will zip by harmlessly, a fleeting reminder of the solar system’s constant, mostly peaceful motion. Observers with clear skies and proper equipment may catch a scientific thrill, while the rest can simply marvel that humanity can spot and track a car-sized rock hurtling through space from millions of miles away.
After tonight’s encounter, attention will shift to the next listed approaches, including additional small objects on March 25. None currently pose any risk, continuing the pattern of safe passages that have protected Earth throughout human history.
Business
Thailand poised to gain from supply chain diversification amidst escalating global tensions
Thailand can benefit from diversified supply chains due to global tensions, but Chris Humphrey emphasizes that political stability is crucial for effective regulatory reform.
Key Points
- Thailand can benefit from supply chain diversification due to increasing global tensions.
- Chris Humphrey, Executive Director of the EU-ASEAN Business Council, emphasizes that political stability is crucial for regulatory reform.
- Humphrey shared insights during an interview with Franc Han Shih on The Nation Thailand’s business show, The Next Move.
Thailand’s Strategic Position in Global Supply Chains
Thailand is poised to capitalize on supply chain diversification as global tensions mount. With disruptions impacting traditional supply routes, Thailand’s geographical advantages and robust manufacturing base present significant opportunities for businesses seeking alternative sourcing locations. This shift in focus not only aims to secure supply chains but also seeks to attract foreign investments that can drive economic growth and resilience in the face of geopolitical challenges, reinforcing Thailand’s status as a vital player in the ASEAN region.
Political Stability as a Catalyst for Reform
Despite these advantages, political stability remains a crucial element for Thailand’s success in fostering an environment conducive to regulatory reform. Chris Humphrey, the Executive Director of the EU-ASEAN Business Council, emphasized this during an interview with Franc Han Shih on The Nation Thailand’s program, The Next Move.
He noted that sustained political stability enables the government to implement effective reglations that can further streamline business operations and bring more foreign investment. Without this stability, the potential benefits of supply chain diversification may not be fully realized, hindering progress in various sectors.
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Lyft launches fuel savings plan for its drivers nationwide
Fox News contributor Liz Peek says she expects the increase in gas prices due to the Iran conflict to be a temporary issue on ‘The Bottom Line.’
Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings.
The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when they use a Lyft Direct debit card at participating gas stations nationwide.
“Gas prices have jumped significantly in the past few weeks, and we know that hits hardest for drivers who depend on driving for their income,” Lyft said in a statement. “When costs fluctuate, we know relief matters.”
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Lyft’s program will begin on March 27 and run through May 26. (David Paul Morris/Bloomberg via Getty Images )
The plan gives top-tier drivers an extra 2% cash back on fuel, with mid-tier drivers getting an additional 1%. These incentives stack on top of existing rewards, which can total up to 10% depending on driver status.
Drivers can also save an extra 14 cents per gallon through Lyft’s partnership with the Upside app with the option to redeem points for further discounts.
Altogether, Lyft estimates total savings could reach as much as 98 cents per gallon for its highest-performing drivers based on average U.S. gas prices of $3.97.
LYFT TO LAUNCH FEATURE FOR ELDERLY PASSENGERS LATER THIS YEAR

Sign for Lyft and Uber services at San Francisco International Airport in San Francisco, California. (Smith Collection/Gado/Getty Images)
As of Wednesday, gas prices hovered at around $3.98 per gallon, according to AAA.
“Drivers are feeling the cost of rising gas prices, which ultimately impacts their earnings,” Yuko Yamazaki, vice president and head of driver at Lyft, said in a statement. “When costs spike, we want drivers to choose Lyft because they feel like the platform works for them, not against them.”
Gas prices have surged more than 30% in recent weeks, driven by global energy disruptions tied to the conflict involving Iran, according to Reuters.
UBER ROLLS OUT NEW APP FEATURES TO MAKE RIDE HAILING EASIER FOR SENIORS

A Lyft driver passes through the Second Street Tunnel in downtown Los Angeles. (Bing Guan/Reuters)
Lyft also noted that drivers using electric vehicles can access separate charging incentives.
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The move follows a similar announcement from DoorDash earlier this week.
Its program, running through April 26, combines cash-back incentives with weekly payments to help offset fuel costs for active Dashers.
FOX Business’ Amanda Macias contributed to this report.
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Framework to measure tech health of bourses on the cards
Sebi has proposed the creation of an IT Resilience Index (ITRI) to monitor the health of their IT systems.
The move comes amid growing reliance on technology for trading, clearing and settlement, making system stability critical to market integrity.
Sebi said the index would give managements and oversight committees a clearer view of vulnerabilities, while also enabling comparisons across institutions.
The ITRI will be computed using a standardised set of parameters with assigned weightages. Availability and security will carry the highest weight at 20% each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10% each. Scalability and factors such as incident handling will have lower weights, the regulator said.
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