Starbucks Corp
Restaurant stocks fall as investors fear recession, sales slowdown
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Restaurant stocks fell in morning trading Monday, fueled by investors’ fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high […]
Read More
Chinese consumer companies signal spending is picking up again
Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025. Fang Dongxu | Feature China | Future Publishing | Getty Images BEIJING — Chinese companies’ latest earnings reports point to an improvement in consumer spending, though it’s not necessarily back to pre-pandemic levels. E-commerce giants […]
Read More
Why it suddenly feels like every fast-food restaurant has fun, flavored drinks
Chick-fil-A pineapple dragonfruit beverages. Courtesy: Chick-fil-A Fast-food chains are going all in on fun beverages to attract younger consumers. Chick-fil-A, known for its straightforward menu of fried chicken and waffle fries, is selling seasonal Pineapple Dragonfruit drinks. Yum Brands’ Taco Bell installed a beverage concept called Live Mas Café inside one of its California locations. […]
Read More
Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Almost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more than 50 years, American consumers could count on Southwest Airlines letting them check bags […]
Read More
Apple had an ugly week. Here’s why it’s worth buying, investor Nancy Tengler says
Apple’s terrible week could be a buying opportunity for investors, according to Nancy Tengler, chief executive officer and chief investment officer at Laffer Tengler Investments. Tengler, an investor known for her “old economy” stock plays, appeared on CNBC’s “Power Lunch” on Friday to give her hot takes on some of the market’s biggest movers. Here […]
Read More
Gen Z’s wealth effect will shape the economy over time — here’s who will benefit
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said […]
Read More
Starbucks poaches Nordstrom CFO as executive shake-up continues
Cathy Smith in 2019. Mark Lennihan | AP Starbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri. The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning […]
Read More
Stocks making the biggest moves midday: Best Buy, Walgreens Boots Alliance, Tesla, Okta and more
Check out the companies making headlines in midday trading: Okta — Shares surged 18% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million […]
Read More
PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
Justin Sullivan | Getty Images At PayPal‘s first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn’t just an easy way to split the dinner tab. Chriss, who took the helm in September 2023, is trying to spur a turnaround at the payments company, and Venmo is […]
Read More
Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday. The cuts will not affect workers at the […]
Read More