Federal Reserve Raises Rates, Starbucks Considers Stake Sale in Japan, GE Vernova Gains Momentum
The Federal Reserve raised interest rates by 25 basis points for the first time in over three years. The decision was unanimous and aimed at addressing persistent inflation above its 2% target. Fed Chairman Kevin Warsh emphasized that inflation remains too high but noted signs of a strengthening U.S. economy amid geopolitical headwinds. Starbucks is reportedly considering selling a majority stake in its Japan operations, valued around $3 billion, as part of an asset-light strategy initiated earlier this year with the China joint venture. The move would provide capital for reinvestment and debt reduction while focusing on domestic growth. Shares rose slightly ahead of the Fed announcement. GE Vernova shares surged over 4% after CEO Scott Strazik outlined strong order momentum at a conference, including progress toward a $200 billion backlog by early 2027 and robust demand for its turbines through 2032.
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