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Starbucks’s reign as the world’s leading coffee company is faltering. And the new CEO, Brian Niccol, wants to fix it. Mark Wilson explains.
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E-Commerce
Rumor has it that Palantir Technologies is poised for a stock split. An analyst for RBC Capital Markets recently polled investors, who reportedly indicated a desire for the software company to make such a move. Retail investors are also largely focused on the potential for a stock split, and although this topic decreased quarter over quarter, it remains the most relevant topic, analyst Rishi Jaluria stated, according to Investors Business Daily. He continued: With Palantir’s $6 billion cash balance, we think retail investors may be starting to become frustrated by the company’s lack of willingness to return capital to shareholders given no apparent interest in pursuing M&A opportunities. Splitting the stock would give current shareholders more shares, while allowing new investors in at a lower entry price. While stock splits do not intrinsically change the company’s value, they sometimes generate excitement around a stock among investors who see the new price as being more accessible. Last year saw stock splits from a number of high-profile companies, including Walmart, Chipotle, and Nvidia. Is Palantir planning to split its stock? Palantir has made no indication that it will pursue a stock split. If it did, the decision would be a first for the company, whose valuation and stock price have skyrocketed this year. In 2025 alone, its grown over 150%, while the past 12 months have seen it rise more than 321%. Fast Company has reached out to Palantir for comment and will update this post if we hear back. Many people believe that Palantirs stock is significantly overvalued. Investment firms and analysts have stated that, despite the companys high earnings, its still inflated. Take Augusts second-quarter earnings report, which saw a 48% growth in revenue year-over-year to $1 billion. Immediately following it, Palantirs stock was trading at 100 times its revenue, Morningstar reported at the time. Palantirs current price-to-earnings (P/E) ratio is around 630. By contrast, tech giants like Meta, Apple, and Amazon all have price-to-earnings ratios of under 40, according to Google Finance data. Palantir will report its third-quarter earnings next Monday, November 3. Disclosure: Joe Mansueto, Morningstars founder, owns Fast Company.
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E-Commerce
Hurricane Melissa made landfall in Jamaica on Tuesday as a devastating Category 5 storm, tied for the strongest landfalling Atlantic hurricane in history.While the extent of the destruction is not yet known, relief organizations are already mobilizing to help across the northern Caribbean. As is typical in disasters, nonprofit groups told The Associated Press that cash is the best way to help, since unsolicited goods donations can overwhelm already strained systems. Experts recommend using sites like Charity Navigator or the Better Business Bureau’s Wise Giving Alliance to check out unfamiliar charities before donating.Here is some of the work being done and ways to support people impacted by Hurricane Melissa in Jamaica and beyond. Locals supporting locals: United Way of Jamaica The 40-year-old nonprofit has a history of supporting Jamaicans after disasters, especially the country’s farmers.Last year, United Way of Jamaica mobilized help for female farmers hit hard by Hurricane Beryl, helping them replace farm equipment, repair roofs, and pay tuition fees for their kids right as the school year began.The Kingston-based group accepts cash donations. Doubling your dollars: American Friends of Jamaica The AFJ has donated to Jamaican charitable organizations since 1982, supporting education, economic development and health care. Its disaster relief fund helped repair nearly 800 roofs after Hurricane Beryl, according to the group.The New York-based organization’s board of directors is currently matching donations to its Disaster Relief Fund, up to $1 million. Immediate relief and rebuilding: CORE CORE ‘s local staff is already responding in Haiti and will arrive in Jamaica when airports reopen to deliver relief items like hygiene kits and tarps, conduct medical assessments an distribute immediate cash assistance.The group, which was active in Jamaica after Hurricane Beryl in 2024, will also help households remove debris and rebuild homes.The Los Angeles-based nonprofit is accepting cash donations to its Emergency Response Fund. Installing backup power systems: Footprint Project The solar-energy nonprofit supplies communities and first responders with temporary power equipment to aid their response and restore communications.Footprint Project is shipping 150 portable solar and battery power stations from Florida to Jamaica, and deploying mobile microgrid equipment from Puerto Rico and Barbados, working with local partners like Jamaica Renewable Energy Association to ensure the systems are deployed where they are most needed.The New Orleans-based group is accepting cash donations to support staffing and logistics, as well as in-kind donations of “turn-key” renewable power technologies that can be rapidly shipped. Equipment donations can be coordinated through give@footprintproject.org. Transporting cargo for relief groups: Airlink Airlink works with major airlines like United and American, using their underbelly cargo space to move critical aid to disaster zones.It is moving cargo to Jamaica on behalf of 16 NGOs including World Food Programme and Mercy Corps. It will also charter at least two planes to move more goods for its partners, free of charge.The Washington, D.C.-based group accepts cash donations and donations of United frequent flyer miles. Medical aid: Direct Relief The humanitarian organization supports the Caribbean year round with medicines and other supplies, and has delivered more than $3 million in medical aid in the last month to areas now under threat.Direct Relief will support health facilities, many of which it says are in coastal and low-lying areas vulnerable to flooding and power outages. The group also sent 100 field-medic packs for Jamaica’s National Health Fund, and is working with the Pan American Health Organization to preposition supplies for Cuba.The Santa Barbara, California-based group is accepting cash donations and said that all contributions specifically designated for “Hurricane Melissa” will go directly to those efforts. High-quality supply donations: Good360 Good360 connects corporate donors who have surplus, high-quality supplies with nonprofits that need those items.The group has prepositioned supplies at a Florida warehouse and will partner with local groups to deliver what’s needed. It is anticipating demand for generators, tarps and hygiene kits.Good360 is accepting cash donations to support delivery of these supplies. Long-term recovery: Center for Disaster Philanthropy While the immediate needs will be vast, CDP focuses on long-term recovery, an often underfunded aspect of disaster response.The group will give grants to local organizations that are most in tune with the needs, focusing on the most at-risk residents and emphasizing solutions that leave communities better prepared for future climate events.The Washington, D.C.-based organization is accepting cash donations to its Atlantic Hurricane Season Recovery Fund.Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. Gabriela Aoun Angueira, Associated Press
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