Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Ne...
Tag: cafes
Grubhub CEO Says Sale Isn’t Imminent, as Owner Seeks a Partner
CHICAGO—Grubhub Chief Executive Adam DeWitt said company parent Just Eat Takeaway.com NV hopes to find a strategic partner to invest in the U.S. online ordering company, though an outright sale isn’t ...
Bosses Swear by the 90-Day Rule to Keep Workers Long Term
In the quest to retain workers, companies are sharpening their focus on a very specific common goal: 90 days. Hold on to an employee for three months, executives and human-resources specialists say, a...
Buy Starbucks Stock. Shares Could Be Ready to Run.
China’s economic slowdown is among the factors pressuring Starbucks shares. Above, dispensing coffee to customers on the go in Hangzhou. Long Wei/VCG/Getty Images Text size A sequel is seldom as good ...
Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week
Text size Uncredited U.S. stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data rele...
McDonald’s in Russia Reopens Under New Ownership
MOSCOW—More than a dozen former McDonald’s restaurants reopened here under a new brand and new ownership, accompanied by a marketing blitz aimed at convincing Russians that the new chain’s burgers are...
Howard Schultz Says Starbucks Is Seeking Fresh Blood in CEO Search
SEATTLE—Starbucks is considering only external candidates for its next chief executive officer, as interim CEO Howard Schultz said the company needs to add new talent and skills to its senior leadersh...
Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. after concluding he is likely to lose as he did a similar fight at McDonald’s Corp. last mont...
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The co...
Starbucks Will Exit Russia, Close 130 Cafes
Topline Starbucks will close all its business in Russia, the company announced in a note to employees Monday, becoming the latest multinational firm to sever ties with the country following its invasi...
Doximity stock plummets after forecast, heads lower than IPO price for first time
Doximity Inc. shares plunged toward all-time lows in after-hours trading Tuesday, following an earnings report that projected an unexpected revenue decline in the current quarter. Doximity DOCS, +2.36...
Starbucks’ CEO Howard Schultz Bought $10 Million of Stock
Text size Howard Schultz has halted Starbucks’ buybacks of its stock. Getty Images Howard Schultz, now on his third stint as Starbucks ‘ top executive, just bought millions of dollars of the cof...
Dutch Bros. stock spills 37% lower after forecast cut due to inflation
After its third quarterly earnings report since going public, coffee chain Dutch Bros. Inc.’s shares were slaughtered in late trading Wednesday after executives revised their annual outlook to predict...
Starbucks plans to invest roughly $200 million to tackle increased demand for customized cold beverage orders
According to Starbucks Corp.’s interim Chief Executive Howard Schultz, the coffee giant’s problem isn’t demand, but the challenges of meeting it. The company SBUX, -1.26% has allotted more than $200 m...
These 10 stocks in the S&P 500 soared at least 8% after the Fed made its big move — but only 3 have gains for 2022
Wednesday turned into a big day for stocks — the S&P 500 index had its largest one-day percentage gain in nearly two years — after the Federal Reserve raised the federal funds rate by half a perce...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY 3.87% share price fell nearly 70% over the past year. Trimming the fat might not help in the long run. The European food-delivery giant said in April it woul...
Beyond Meat Stock Jumps on Hopes McDonald’s Partnership Will Be Permanent
Text size A McDonald’s McPlant Beyond Meat burger. Justin Sullivan/Getty Images Beyond Meat stock jumped on Wednesday, following reports that its McPlant partnership with restaurant behemoth McD...
Apple, Microsoft, Visa, Boeing, GM, Chipotle, and Other Stocks to Watch This Week
It’s the busiest week of first-quarter earnings season. A whopping 165 S&P 500 companies are scheduled to report their results for the first three months of 2022. Big Tech giants will be among the...
Apple, Microsoft, Visa, Boeing, GM, Chipotle, and Other Stocks for Investors to Watch This Week
It’s the busiest week of first-quarter earnings season. A whopping 165 S&P 500 companies are scheduled to report their results for the first three months of 2022. Big Tech giants will be among the...
Inflation is raging, but these 16 companies have pricing power
Decades of deflationary forces that helped feed booming prices for U.S. stocks are over, at least for now. But some companies are countering the trend, by a combination of holding down expenses and ra...
‘It put everyone in a weird position’: Our waitress said a 20% service fee was added to cover benefits and health insurance, but that it was not a tip. Is this normal?
I went to brunch last weekend and, when the server handed us the bill, she said a 20% service fee was added to cover her benefits and health insurance, but that it was not a tip. I am absolutely supp...
Howard Schultz Is Back as Starbucks CEO. Here’s His To-Do List.
On Monday, Howard Schultz is expected to step into a familiar role—slated to lead a town hall meeting with employees of Starbucks Corp., the coffee chain he built into a neighborhood cafe across the w...
How Starbucks Changed Under Departing CEO Kevin Johnson
The chief executive officer of Starbucks Corp. is stepping down Monday, after half a decade running the world’s largest coffee chain. Kevin Johnson oversaw a period of growth followed by a volatile co...
Bill Ackman Is Chilling After Netflix
Text size Bill Ackman of Pershing Square Capital Management Patrick T. Fallon/Bloomberg Shareholder activism has come roaring back in 2022 but it’s missing one of its most prominent voices. There were...
Olive Garden Parent Darden Predicts Lower Sales This Year, but the Stock Is Up.
Text size In addition to Olive Garden and LongHorn Steakhouse, Darden owns brands such as Cheddar’s Scratch Kitchen, Yard House, and The Capital Grille. Dreamstime.com Shares of Darden Restauran...
Starbucks Stock Has Gotten Crushed. This Analyst Says It’s Time to Buy.
Text size Starbucks stock still looks good for the long haul, Jefferies says. Scott Olson/Getty Images Starbucks stock is off roughly 25% year to date, but Jefferies argues that the market has it wron...
Cattle Ranchers Take Aim at Meatpackers’ Dominance
For years, many ranchers have blamed meatpacking giants for low cattle prices. Now, some cattlemen say they have a solution: Process the beef themselves. On 80 acres in western Nebraska, a group of ca...
Howard Schultz, Returning to Starbucks, Seeks New Start With Baristas
Last November, Howard Schultz traveled to Buffalo, N.Y., with a message to workers considering forming a union: Starbucks would do the best job looking out for employees’ interests. During an hourlong...
Deere, Hershey and More Stocks to Buy to Combat Food Inflation
The highest inflation in decades is hitting consumers and rippling through the food industry, from farm equipment to packaged food, grocers, and restaurants. At-home food costs climbed 8.6% and out-of...
Food Costs Are Rising. Here Are the Stocks to Buy.
The highest inflation in decades is hitting consumers and rippling through the food industry, from farm equipment to packaged food, grocers, and restaurants. At-home food costs climbed 8.6% and out-of...
Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures
Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government or to seize assets of companies that withdraw from t...
Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.
If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why wou...