The new business buzzword: FOBO

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Good morning! Your Starbucks coffee could soon give you a boost, but not in the caffeinated way. The chain wants workers to start writing messages, including inspirational ones, on customers’ cups next month. (In the meantime, in case you need to hear it, I think you’re doing great.)

In today’s big story, a Chinese startup has left investors hurting, people questioning what they know about AI development, and the tech industry in a frenzy.

What's on deck

Markets: How much does it pay to work in private credit?

Tech: In a time when nostalgia is cool, Yahoo hopes it can bring itself back to relevancy.

Business: You’ve heard of FOMO, but what about FOBO? (Hint: It’s not a good thing.)

Top headlines:

• The White House has temporarily frozen all federal grants and loans, affecting billions of dollars in payments.
• Whole Foods store workers form first union under Amazon ownership.
• How the US may have unintentionally helped create an AI monster in China.
• Starting salaries for consultants remained flat for second straight year, report says.
• Jensen Huang lost close to 20% of his on-paper wealth on Monday after DeepSeek roiled the AI industry.
• An on-site natural gas plant will help power Stargate's first data center, public filings show.?
• DeepSeek's founder is being hailed in China as an 'AI hero of Guangdong' after the US market rout.

Curated by Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, and Elizabeth Casolo.

This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.

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