Starbucks introduces automated ordering plans and new coffee equipment to improve efficiency

Starbucks Chairman and CEO Howard Schultz speaks during the annual shareholder meeting in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks on Tuesday introduced its plans for automated in-store ordering, new coffee-making equipment and an expanded loyalty program as part of its drive to reinvent itself and better adapt … Read more

Chinese President Xi travels overseas to promote his strategic role

BEIJING (AP) — President Xi Jinping is using his first overseas trip since the start of the pandemic to promote China’s strategic ambitions during a summit with Russia’s Vladimir Putin and other leaders of a Central Asian security group. Chinese leader promotes ‘Global Security Initiative’ announced in April following formation of Quad by Washington, Japan, … Read more

US and Mexico cooperate on semiconductors and electric vehicles

MEXICO CITY (AP) — Mexico and the United States plan to take advantage of the Biden administration’s massive investment in semiconductor production to push the integration of their supply chains and cooperate on expansion electric vehicle production through Mexico’s nationalized lithium industry, officials from both countries said on Monday Both efforts are aimed at eating … Read more

It’s not just a question of money. Unions fight for better hours, safety and working conditions

New York CNN Business — It’s not just a question of money. There has been an increase in labor activism — including strikes and organizing efforts — over the past year, which is driven by factors far beyond pay rates and benefits. If salary were the only issue, the nation probably wouldn’t face the risk … Read more

Peloton co-founders John Foley and Hisao Kushi leave the company

John Foley, co-founder and former CEO of Peloton. Michael Nagle | Bloomberg | Getty Images Platoon announced the resignation of two of the company’s founders and another senior executive on Monday, marking the end of an era for the struggling fitness equipment company as CEO Barry McCarthy radically reshapes the business. Co-founder and former CEO … Read more

America is already feeling the consequences of an impending national rail strike

New York CNN Business — US freight railroads have already stopped accepting shipments of hazardous materials and other safety-sensitive materials due to the looming threat of a strike Friday. A statement from the railroad’s trade group said they had to take this action in order to follow federal rules to “ensure that no such cargo … Read more

Columbia University Admits Submitting Inaccurate Data for Consideration in College Rankings

CNN Business — Columbia University said it relied on “outdated and/or incorrect methodologies” to submit data to US News & World Report for consideration in the publication’s 2021 college rankings , according to a statement released by the university on Friday. “Columbia’s undergraduate experience is and always has been centered on small classes taught by … Read more

Starbucks will unveil its “reinvention” strategy at Investor Day on Tuesday

CEO of Starbucks Howard Schultz in New York. Steve Ferman | Getty Images Starbucks set to unveil reinvention plan on Tuesday as coffee giant grapples with changing consumer behavior, outdated store designs and a U.S. union push The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned to the role in the … Read more

In a nod to JFK, Biden pushes ‘moonshot’ to fight cancer

WASHINGTON (AP) — President Joe Biden is set to channel John F. Kennedy on the 60th anniversary of JFK’s lunar speech, highlighting the Biden administration’s efforts to “end cancer as we know it.” The president was traveling to Boston on Monday to draw attention to a new federally-backed study that seeks to validate the use … Read more

5 things to know before the opening of the Stock Exchange Monday, September 12

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, United States, September 9, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Futures contracts look solid American scholarships were set to open higher on Monday morning as investors sought … Read more