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Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy. The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales and restore the chain’s culture. Schultz, who grew Starbucks from a small chain into a global coffee giant, made a surprise appearance at the company’s Leadership Experience in Las Vegas and cosigned Niccol’s plans. The three-day event has gathered more than 14,000 North American store leaders to hear from Starbucks management as the company embarks on a turnaround. Niccol took the reins in September, joining the company after the board ousted Laxman Narasimhan, Schultz’s handpicked successor. Schultz had returned in 2022 for his third stint as chief executive, but it was only an…

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Investing

FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

FireFly Metals (ASX:FFM,TSX:FFM,OTC Pink:MNXMF) has attained firm commitments to raise up to about AU$95 million, giving it a total of AU$135 million for its multi-pronged growth strategy. The company highlighted on Tuesday (June 10) that the equity financing will be completed via the issuance of approximately 94.7 million fully paid ordinary shares; it will receive around AU$1 per new share. The funds will be raised via three transactions, with the first being an AU$11.2 million charity flow-through placement to Canadian investors. This will be followed by a AU$54.9 million two-tranche institutional placement, as well as a AU$28.8 million fully underwritten Canadian bought-deal offering with BMO Capital Markets. Alongside the equity raising, FireFly is inviting shareholders to participate in a non-underwritten share purchase plan (SPP) that can potentially raise up to AU$5 million before costs. Proceeds of the equity raising and the SPP will collectively be allotted to advance the Green…

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Investing

Crypto Market Recap: Bitcoin Price Nears All-time High, ETF Approval Odds Rise

Here’s a quick recap of the crypto landscape for Wednesday (June 11) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$108,710, a slight decrease of 0.8 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$108,574 and a high of US$110,269. Bitcoin price performance, June 11, 2025. Chart via TradingView. Bitcoin has surged over 10 percent since June 5, briefly reaching US$110,000 on Wednesday. If Bitcoin breaks its US$112,000 all-time high, analysts believe it could make a rapid rise to US$114,000, with further gains predicted if momentum continues. Experts’ targets range from US$120,000 to US$150,000 in the short term, while long-term forecasts sit between US$1 million and US$2.4 million. This week’s on-chain analysis from Glassnode shows a deviation from past…

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World

Trump administration reviewing Biden-era submarine pact with Australia, UK

US President Donald Trump’s administration has launched a formal review of former President Joe Biden’s AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a US defense official said. Australia, which sees the submarines as critical to its own defense as tensions grow over China’s expansive military buildup, said it remained committed to the project and looked forward to working closely with the US on the review. As well as causing alarm in Australia, the review could also throw a wrench in Britain’s defense planning. AUKUS, worth hundreds of billions of dollars, is at the center of a planned expansion of Britain’s submarine fleet. “We are reviewing AUKUS as part of ensuring that this initiative of the previous administration is aligned with the President’s America First agenda,” the US official said of the review, first reported by Financial Times. “Any changes to the administration’s approach…

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Stocks

10‑Year Yield Warning! ADX + RSI Point to a Major Shift

Joe kicks off this week’s video with a multi‑timeframe deep dive into the 10‑year U.S. Treasury yield (TNX), explaining why a sideways coil just below the 5% level could be “downright scary” for equities. From there, he demonstrates precise entry/exit timingwith a combination of ADX, MACD, and RSI. Joe also covers the short-term divergence developing in the QQQ, takes a look at the IWM, and wraps up with some analyses of this week’s viewer symbol requests, including INTC, MU, and more. The video premiered on June 11, 2025. Click this link to watch on Joe’s dedicated page. Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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Business

U.S. online stores put ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs. The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026. However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain. “The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC. “All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added. Toto has maintains that the Switch 2…

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Business

U.S. online stores put up ‘out of stock’ signs as Nintendo Switch 2 sales hit record highs

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs. The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026. However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain. “The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC. “All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added. Toto has maintains that the Switch 2…

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Investing

Agreement to Acquire Major Drill-Ready Antimony-Gold-Tungsten Project in Stibnite Mining District, Idaho, USA

Resolution Minerals Ltd (“RML” or the “Company”) (ASX: RML) is pleased to announce that it has entered into a binding agreement for the acquisition of a brownfields Antimony and Gold project located in Idaho of the United States of America. HIGHLIGHTS Resolution Minerals Ltd (ASX:RML) has entered into a binding agreement to acquire the Horse Heaven Antimony-Gold-Silver-Tungsten Project (“Horse Heaven” or “Project”), located in the historical Stibnite Mining District of Valley County, central Idaho. Horse Heaven shares its eastern boundary with NASDAQ-listed Perpetua Resources’ Stibnite Gold- Antimony Project (PPTA.NAS ~A$2bn market cap). Horse Heaven hosts two highly prospective Gold- Antimony-Tungsten prospects known as the Antimony Ridge Fault Zone (“ARFZ”) and the Golden Gate Fault Zone (“GGFZ”). Drill-ready targets; drilling planned to start in 2025 The Antimony Ridge Fault Zone has an approximate strike length of 1.2 km and hosts known gold–antimony– silver-tungsten mineralisation associated with hydrothermally altered and sheared granodiorite.…

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