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

Rail strike negotiations stalled by battle over sick leave policies

The top union negotiator in talks to avert a railroad strike has accused BNSF and Union Pacific to delay progress. Specifically, Dennis Pierce, president of the Brotherhood of Locomotive Engineers and Trainmen, or BLET, said the companies rejected the union’s proposal for sick leave policies. “The main resistance comes from the Union Pacific and the … Read more

Inflation rose 0.1% in August despite a sharp drop in gasoline prices

Inflation rose more than expected in August as higher housing and food costs offset lower gasoline prices, the Bureau of Labor Statistics reported Tuesday. The consumer price index, which tracks a wide range of goods and services, rose 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, the … Read more

Asian markets rise, South Korean stocks explode ahead of US CPI report

China’s tourism revenue still well below 2019 levels, data shows Domestic tourism revenue for the Mid-Autumn Festival hit 28.68 billion yuan ($4.16 billion), just 60.6 percent of pre-pandemic levels in 2019, official data showed. . Revenues have remained below 2019 levels since the pandemic hit in early 2020. Cinema ticketing site Maoyan showed the long-weekend … Read more

Inflation report could show CPI moderating with gasoline, travel costs falling

A customer buys eggs at a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Inflation is still scorching, but is expected to have moderated in August as gasoline prices have fallen, supply chains have improved and the cost of travel has fallen. The Consumer Price Index will be … 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

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

Trump opposes DOJ’s offer to resume review of classified documents

Former US President Donald Trump speaks during the Conservative Political Action Conference (CPAC) in Dallas, Texas on August 6, 2022. Brian Snyder | Reuters Lawyers for the former president donald trump on Monday urged a federal judge to reject an attempt by the Justice Department to resume document review seized from Trump’s home while agency … Read more

Trump opposes DOJ’s offer to resume review of classified documents

Former US President Donald Trump speaks during the Conservative Political Action Conference (CPAC) in Dallas, Texas on August 6, 2022. Brian Snyder | Reuters Lawyers for the former president donald trump on Monday urged a federal judge to reject an attempt by the Justice Department to resume document review seized from Trump’s home while agency … Read more

Major rail unions edge closer to strike

Two of the biggest railway unions in negotiations with rail carriers have drawn a line in the sand: They are demanding that more quality of life provisions be included in the contract, covering attendance policies, holidays and on sick days, otherwise they will go on strike. The Brotherhood of Locomotive Engineers and Trainmen and the … Read more