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

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Images Starbucks set to unveil reinvention plan on Tuesday as coffee giant grapples with changing consumer behavior, outdated store designs and a U.S. union push The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned to the role in the … Read more

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 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 news items that investors need to start their trading day: 1. Rough morning for stocks The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes … 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 calls on labor board to suspend union mail-in votes

New York CNN Business — Starbucks calls for suspension of mail-in ballots at unionization votes currently running in its stores across America. The coffee chain is to accuse National Labor Relations Commission Kansas employees and elsewhere of misconduct in the handling of those mail-in votes, actions that he says skewed the results in favor of … 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

High-quality stocks oversold as market headwinds fade

The S&P 500’s blistering streak continues after a third straight week of gains and a 9.1% rise in July. Add to that a better-than-expected earnings season and strong economic data, and the market could be poised to move on from a dramatic first half. That’s certainly a view shared by Morningstar’s chief US market strategist, … Read more

Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian … Read more