Is there any major business news today?
Asked 9 days ago
Answer
Today's major business news includes Shell's early talks to acquire BP in a potential $80 billion deal, FedEx's disappointing profit guidance due to global demand uncertainty, a boycott against McDonald's over DEI policy changes, and a notable recovery in technology stocks after fears about a Chinese AI breakthrough subside. Additionally, Ecuadorian cocoa farmers are benefiting from surging global prices, and Starbucks is reportedly considering selling its China operations.
References
Shell is reportedly in early-stage discussions to acquire BP, with the deal valued at around $80 billion. The talks are preliminary, and there is no official confirmation yet. If completed, this would be one of the largest deals in the energy industry.
FedEx reported a first-quarter profit that missed analysts' expectations and is not providing a full-year profit outlook due to uncertain global demand and the impact of tariffs. Shares dropped nearly 6 percent in pre-market trading.
Ecuadorian farmers are experiencing increased income as global cocoa prices surge, driven by poor harvests in other countries. Cocoa exports have reached $3.6 billion, surpassing mining and banana exports for the first time in decades.
Starbucks is reportedly considering a full sale of its China operations amid a challenging consumer environment and increased competition from lower-cost rivals. The company has not confirmed details but is exploring strategic options for the China business.