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 ...
Tag: Starbucks
Starbucks’ North American head to leave the company as chain shakes up leadership
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North Americ...
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A police patrol vehicle monitors the crowd along Shanghai’s iconic Bund on June 1. Lockdown … [+] restrictions have eased in much of the city this month but residents face stringent travel...
Starbucks is looking externally for its next CEO, Howard Schultz says
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks‘ next CEO will come ...
Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images ...
NFTs Are So Much More Than Just Jpegs, They Are Redefining Access And Ownership In Media And Entertainment
Non-fungible tokens (NFTs) are still a bit head-scratchy for some. While there’s a lot of excitement around NFTs within the media and entertainment industries, there’s also a lot of skepticism and cri...
China’s Covid Policy Is Costing It Foreign Investors’ Confidence
American companies such as Tesla have had their China operations disrupted by Covid lockdowns in … [+] Shanghai in the past several weeks. (Photo by Xiaolu Chu/Getty Images) Getty Images Shangha...
Starbucks exiting the Russian market after 15 years
After 15 years of doing business on Russian soil, Starbucks Corporation (NASDAQ: SBUX) will be joining companies like British American Tobacco, Exxon Mobil and McDonald’s in withdrawing from the Russi...
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...
Starbucks Stock Is Falling Sharply; Why A Covered Call Makes Sense Now
With markets looking increasingly volatile, investors might get more interested in generating income in a blue chip stock rather than capital gains — especially with a name such as Starbucks (SBUX). X...
70 Starbucks Locations Have Now Voted To Unionize
Topline Three Starbucks stores voted to unionize Friday, bringing the total to 70 stores as the drive to unionize the coffee chain gains momentum. The Starbucks logo hangs outside one of the company&#...
Starbucks Employee Tells Top Exec He’s ‘Very Worried’ About Plan for NFTs
At a Starbucks company presentation today, one longtime employee confronted the coffee brand’s top executives with his concerns about NFTs. The presentation from Chief Marketing Officer Brady Brewer i...
Starbucks announces creation of digital ‘third place’ in Web 3
The creation of the digital space has created opportunities for big corporate firms to find unique opportunities to enhance their interaction with their customers and Starbucks has taken an initiative...
Consider These Signs When Deciding Whether to Wade Into the Market
Text size Some strategists see more pain ahead for global stocks even as they plan for better days. Dreamstime The hesitancy to buy this dip in global stocks is real. Whether it’s concern that the Fed...
Starbucks accused of more than 200 labor violations in NLRB complaint
Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buf...
Starbucks criticizes Biden’s visit with union leaders, requests White House meeting
US President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room on Wednesday May 4, 2022. Demetrius Freeman | The Washington Post | Getty Images Starbucks...
China’s U.S. Ambassador Talks Pew Poll, Trade, Air Travel: Exclusive Interview
Qin Gang, Chinese Ambassador to the U.S. since July 2021. Forbes The Pew Research Organization unveiled a poll last Thursday saying 82% of Americans have an unfavorable view of China, a record high an...
Starbucks To Release NFT Channel In 2022, Pledges Distinct Perks and Experiences
Starbucks touted strategies to investors on its fiscal year 2022 earnings call by elaborating how NFTs can be helpful for the organization. The organization highlighted that it would develop its NFT c...
Starbucks Announces First NFT Collection and Web 3.0 Experience For Customers
52 mins ago | 2 mins read NFT News In its 2018 annual report, Starbucks said that its app users had a total of $1.6 billion. Starbucks refers to the Web3 experience as a “third place.” This year, Sta...
Uber, Lyft, Airbnb, Starbucks and more
Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft ...
Starbucks Q2 earnings in line with expectations, US comparable sales jump 12%
This story is breaking and being updated. Starbucks (SBUX) posted fiscal second quarter earnings Tuesday after market close that mostly were in line with Wall Street estimates, as the company navigate...
Starbucks to hike wages, double training for workers amid union push
A Starbucks barista fulfills an order in a South Philadelphia store. Mark Makela | Reuters Starbucks said it will hike wages for tenured workers and double training for new employees as the company an...
Starbucks (SBUX) Q2 2022 earnings
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to repo...
Biden Reportedly Mulls Inviting Amazon, Starbucks Union Leaders To White House
Topline President Joe Biden is considering holding a meeting at the White House with union workers from Amazon and Starbucks, according to the Washington Post, in what would be a major signal of suppo...
Starbucks union files NLRB complaint citing CEO Schultz’s benefits comments
The union representing Starbucks baristas is taking aim at the coffee giant’s interim chief executive, Howard Schultz, alleging his recent comments about an improved benefits plan amounted to il...