Starbucks will replace chief executive Laxman Narasimhan with current Chipotle CEO Brian Niccol, as activist investor Elliott Management pushes for transformation at the coffee giant. Suggested Reading. Do weird food gimmicks really work?. Narasimhan will step down effective immediately and Starbucks’ chief financial officer, Rachel Ruggeri, will take over until...

Starbucks just ousted its CEO and replaced him with Chipotle's chief

Business Insider

Schulz, who had three stints as CEO, has publicly and privately griped about the company in recent months.

Howard Schultz is looming in the background of Starbucks' latest CEO transition

Kiplinger

Chipotle stock is plunging Tuesday after the burrito chain said its CEO Brian Niccol is leaving to take the top spot at Starbucks. Here's what you need to know.

Chipotle Stock Sinks As CEO Heads to Starbucks

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Remember the Avon Lady? That woman on TV who went door to door selling Avon Beauty products? Well, Avon may soon cease to exist as Avon Products, Inc., a U.S.-based holding company, filed for Chapter 11 bankruptcy to manage its debt and address legal claims related to talc-based products. While Avon’s U.S. operations were sold in 2016, the company remains the parent of Avon’s international businesses.

Avon Bankruptcy: Iconic Door-to-Door Sales Model Ends After 135 Years

Last month, Dr. Alok Kanojia, an Indian American psychiatrist, had his medical license reprimanded by the Commonwealth of Massachusetts, for a series of livestreams he did in 2020 with troubled gamer Byron ‘Reckful’ Bernstein. A celebrity gamer since his teens, Bernstein had a vast audience, and shared intensely personal material on the live-streaming service Twitch, including his breakups, his childhood trauma, and his bouts of depression, according to The New York Times. The six sessions between Kanojia, colloquially known as Dr. K, and Bernstein were shared on Twitch, a video live-streaming service, in February 2020, a few days before Covid shutdowns. A few months after Dr. Kanojia and Berstein’s sessions were live-streamed, Bernstein committed suicide.

Renowned Indian American Psychiatrist Alok Kanojia in Trouble Over Conversations With Celebrity Gamer Before His Death

Consumers are just not buzzing about energy drinks at the moment. Popular energy drink maker Monster Beverage missed sales expectations for the second quarter. On Wednesday, Monster reported net sales of $1.90 billion, lower than the expected $2.01 billion analysts predicted. For the three months that ended on June 30, the company reported a profit of 41 cents per share versus a 45 cents per share projection. However, recent net sales beat revenues of $1.85 billion for the same time period last year.

Monster Beverage’s Sales Fall Short of Expectations, Blames Convenience Stores

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Nvidia is the market leader in data-center GPUs and AI processors, and its CUDA software affords the company a virtually unassailable competitive moat. Nvidia has historically launched new GPU architectures every two years, but the company will push its product roadmap to a one-year rhythm after 2024. Wall Street expects...

1 Stock-Split AI Stock to Buy Before It Soars 260% to $10 Trillion, According to Certain Wall Street Analysts

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

Fortune

For 89 years Tyson Foods was a family affair—but nobody could protect scion John Randal from his worst instincts.

The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that

Activist Elliott Management and Starbucks' board of directors are in settlement talks, according to people familiar with the matter. Elliott and Starbucks' directors met last week to discuss the activist's settlement offer. ' board of directors are in settlement talks, according to people familiar with the matter. Elliott and Starbucks'...

Starbucks and activist Elliott met last week to discuss settlement, sources say

Florida State

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Starbucks has replaced its current CEO Laxman Narasimhan with Chipotle Mexican Grill chief Brian Niccol in an executive shake-up spurred by ongoing negotiations with activist investors concerned about slumping sales, The Wall Street Journal reported. The Seattle-based coffee chain’s current executive chairwoman, soon to be independent director, told the Journal...

Coffee chain Starbucks replaces CEO in executive shake-up

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Wall Street soars. Wall Street rose after producer prices came in...

CNBC Daily Open: Wall Street surges; Starbucks ousts CEO

Cooking With Maryann

Maybe it's just me, but it's not summer until I get to eat crab cakes! Don't let this recipe intimitate you! It's really not difficult, just takes a little bit of prep time in the fridge.

Delicious Crab Cakes!

Declutterbuzz

The biggest benefit when you declutter your home is you will be more organized, efficient, and productive and this will free up time for you to spend doing the things you love!

Big Benefits When You Declutter Your Home & Life

NewsBreak

Starbucks CEO Laxman Narasimhan Steps Down Amid Company’s Sliding Stock and Decline in Sales

Starbucks CEO Laxman Narasimhan is stepping down immediately after just a year in the role, the coffee giant announced today. He will be replaced by Chipotle...

Starbucks CEO Laxman Narasimhan Steps Down Amid Company’s Sliding Stock and Decline in Sales

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