Wall Street is heading for another day of declines, with the Nasdaq Composite falling more than 1%, hit by higher oil prices, rising bond yields, and a Financial Times report that OpenAI’s annualized revenue run rate fell short of investor expectations. According to data from consumer-insights firm HundredX based on 29,000 customers, Starbucks is the only coffee chain showing improving future purchase intent compared to peers Dutch Bros, Dunkin’, and 7 Brew, validating the company’s turnaround despite broader consumer health concerns. The Financial Times reported that Starbucks has explored acquiring Chipotle, sending its shares down roughly 4% to below $90 for the first time since March. Amazon unveiled three new premium Alexa tablets priced between $230 and $550, shipping from October 14, marking a strategic shift toward higher-end devices that better showcase its ecosystem. Markets await Friday’s University of Michigan preliminary consumer sentiment survey for October, while Delta Air Lines reports earnings with a focus on how rising fuel prices are affecting both travel demand and the company’s bottom line.
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