Starbucks outlines plans for automated ordering, new coffee equipment to improve efficiency

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 on Tuesday outlined its plans for automated ordering in stores, new coffee-making equipment and an expanded loyalty program as part of its push to reinvent itself and … Read more

Asia markets rise, South Korea stocks pop ahead of U.S. CPI report

China’s tourism revenue is still running well below 2019 levels, data shows National tourism revenue for the Mid-Autumn Festival reached 28.68 billion yuan ($4.16 billion) — just 60.6% of the 2019 pre-pandemic levels, according to official data. The revenue has remained below 2019 levels since the pandemic hit in early 2020. Movie-ticketing site Maoyan showed … Read more

Trump opposes DOJ bid to resume review of classified documents

Former U.S. President Donald Trump takes the stage at the Conservative Political Action Conference (CPAC) in Dallas, Texas, August 6, 2022. Brian Snyder | Reuters Lawyers for former President Donald Trump on Monday urged a federal judge to reject an effort by the Department of Justice to resume its review of documents seized from Trump’s … Read more

5 things to know before the stock market opens on Monday, September 12

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, the US, September 9, 2022. Brendan Mcdermid | Reuters Here are the most important news investors need to start their trading day: 1. Futures look strong united states stock markets were poised to open higher on Monday morning as … Read more

Japan travel stocks rise on report on easing rules

North Asian refiners will be supplied full allocation of Saudi crude in October, according to Reuters At least three North Asian refiners have been notified by Saudi Aramco that they will be supplied full contractual volumes of crude in October, Reuters reported, citing people with knowledge of the matter. In their first reduction in four … Read more

Biden to hit China with broader curbs on U.S. chip and tool exports: Reuters

U.S. President Joe Biden speaking during the groundbreaking of the new Intel semiconductor plant on September 9, 2022 in Johnstown, Ohio. The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. Andrew Spear | Getty … Read more

August consumer inflation report could test market rally in week ahead

Stocks could continue their march higher at the start of the coming week, as investors await an important report Tuesday on consumer inflation. The consumer price index for August is one of a number of reports on a busy economic calendar in the week ahead, but it is the one final data points that market … Read more

Confused about the housing market? Here’s what’s happening

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once … Read more

New York declares state of emergency over polio to boost low vaccination rates

New York Gov. Kathy Hochul on Friday declared a state of emergency over polio to boost vaccination rates in the state amid further evidence that the virus is spreading in communities. Poliovirus has now been detected in sewage samples from four counties in the New York metropolitan area as well as the city itself. The … Read more

5 things to know before the stock market opens Friday, September 9

Trader on the floor of the NYSE Aug. 30, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. That Friday feeling Stock futures indicated a positive open Friday morning as U.S. markets head toward a possible winning week after three straight losing ones. The three … Read more