Starbucks Corporation $SBUX announced on Wednesday the promotion of Mike Graham, the company’s North America coffee operations director, to Chief Operating Officer (COO). This appointment is part of a broader series of strategic moves initiated by CEO Brian Niccol, who took the helm in 2023 with a vision to streamline Starbucks’ operations and renew its original coffeehouse ethos.

Reddit $RDDT, the widely used social media platform known for its diverse online communities, experienced a significant outage on Tuesday, temporarily disrupting access for nearly 31,000 users. According to Downdetector.com, a leading website that aggregates real-time reports of service interruptions, the outage peaked with 30,817 users affected, before the issue was resolved later that day.

Vanguard Group, one of the world's largest asset managers, is preparing to introduce a new exchange-traded fund (ETF) that offers exposure to emerging markets while excluding China. The product, set to debut later this summer, reflects growing demand among institutional and retail investors for geopolitically de-risked portfolios, as U.S.–China tensions persist.