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

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Images Starbucks set to unveil reinvention plan on Tuesday as coffee giant grapples with changing consumer behavior, outdated store designs and a U.S. union push The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned to the role in the … Read more

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August

U.S. stocks rallied on Friday after data showed the U.S. economy added more than 300,000 jobs last month, perfectly in line with investor expectations. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.52% advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX, +0.52% rose 45 points, or 1.2%, to 4,015. The Nasdaq … Read more

5 things to know before the stock market opens on Friday, September 2

A trader on the NYSE floor, September 1, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. Stocks and jobs Equity Futures rose Friday morning after the monthly jobs report. U.S. stock markets are coming off a mixed Thursday, which saw the Dow Jones and S&P 500 … Read more

Starbucks appoints Laxman Narasimhan as its next CEO

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

Starbucks Appoints New CEO | CNN Business

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

5 things to know before the stock market opens on Friday August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Difficult morning for equities The three major US indices were ready to open in negative territory Friday morning, the hopes of a … Read more

5 things to know before the stock market opens on Friday August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Difficult morning for equities The three major US indices were ready to open in negative territory Friday morning, the hopes of a … Read more

Starbucks asks labor board to suspend union elections by mail-in ballot, alleging misconduct in voting process

A sign is seen as activists take part in an event dubbed the Un-Birthday Party and Picket Line for Starbucks CEO Howard Schultz on July 19, 2022 in New York City. Activists gathered near Schultz’s West Village home on his 75th birthday to protest the treatment of Starbucks workers who try to unionize, as well … Read more

McDonald’s and Chipotle say customers dwindle and visit less often as inflation hits budgets

McDonald’s and Chipotle Mexican Grill say inflation-pressed customers are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could affect the entire restaurant industry. The two companies were among the first restaurant chains to report their second quarter results. wing stop, Starbucks and owner of Taco Bell Yum Brands are all … Read more