Arb Iot Group Ltd

Starbucks shares hover near 52-week highs after the coffee giant revealed a $400 million restructuring plan involving 300 corporate job cuts and regional office closures, part of CEO Brian Niccol's turnaround strategy.

Arbor Realty Trust cut its dividend to $0.17 and reported Q1 net income of just $629,000, sending shares down 11% as investors focus on troubled loans.

Starbucks shares surged 10% after Q2 global comparable sales rose 6.2%, beating estimates, and the company raised its fiscal 2026 outlook, signaling CEO Niccol's turnaround is working.

U.S. stocks fell Tuesday, with the Nasdaq down 0.9% as AI and chip shares sold off. In after-hours trading, Visa and Starbucks rallied on strong earnings, while oil prices climbed above $100.

Starbucks raised its full-year outlook after Q2 earnings beat, with global comparable sales up 6.2% and U.S. traffic rising 4.3%, sending shares up nearly 6% after hours.

Shell has entered into an agreement with Kazakhstan's energy ministry for exploration rights to the Zhanaturmys oil and gas block, valid until 2032. The move comes as the company remains engaged in international arbitration concerning other Kazakh ventures and proceeds with its share repurchase program.

Valaris stock declined over 8% Tuesday, erasing some of its post-deal surge, as its fixed exchange ratio with acquirer Transocean links its trading pattern to the buyer's stock performance.

Seatrium shares rose 0.5% after its Jurong Shipyard unit initiated arbitration against Petrobras Netherlands to recover a withheld $55.7 million payment tied to a 2004 FPSO contract. The financial impact remains uncertain as proceedings begin in London.