NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

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

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

After reporting lagging restaurant sales this quarter, CEOs are turning to value. McDonald's, Burger King and Taco Bell are among the chains hoping to bring back customers with meal deals. Customers are increasingly value-driven, Dine Brands CEO John Peyton told CNBC. Restaurant CEOs have become obsessed with the word "value"...

Restaurant CEOs’ new favorite word is value as they aim to bring back customers

Entrepreneur

Niccol will begin as CEO of Starbucks on September 9.

Starbucks CEO Steps Down Suddenly, Chipotle CEO Brian Niccol to Step Into Role

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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

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

The company has expanded rapidly over the years. The shares handily beat the market over the last decade. Amazon's AWS unit continues to grow sales and profitability. Amazon's shares have richly rewarded shareholders. Is the stock still worth buying?. It might be hard to imagine, but Amazon (AMZN -0.11%) began...

If You'd Invested $1,000 in Amazon Stock 10 Years Ago, Here's How Much You'd Have Today

Nvidia stock has been retreating since hitting a 52-week high last month. However, recent results from Nvidia's peer AMD suggest that the demand for AI chips continues to remain healthy. Nvidia's impressive growth seems sustainable thanks to the company's new generation of AI chips that could help it maintain its...

Where Will Nvidia Stock Be in 1 Year?

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J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

GeekSpin

Yum Brands is grappling with a troubling decline in sales for its flagship chains, KFC and Pizza Hut. According to recent financial reports, both brands have experienced a significant drop in same-store sales in the second quarter of 2024. While this downturn has cast a shadow over Yum Brands’ financial performance, not all is bleak. […]
Read the original article on KFC and Pizza Hut Sales Plummet: What’s Causing the Slump

KFC and Pizza Hut Sales Plummet: What’s Causing the Slump

Denver, CO

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

No, pallet shelters for people experiencing homelessness don’t fold into caskets. It’s a question a reader posed one of the first times I wrote about pallet shelters. I find the pallet shelters to be more palatable than ice fishing tents. The Colorado Village Collaborative operates both micro-communities and the so-called Safe Outdoor Spaces with the tents. We all learned the tents are not safe when a fire roared through a CVC Safe Outdoor Space, destroying the compound quickly. Officials never disclosed a cause of the fire.

Opinion: No, pallet shelters for homeless in Denver, Aurora don’t fold into caskets

Pompano Beach, FL

Akeena

In a shocking revelation, Kings Mart, a grocery store in Pompano Beach, has been slapped with a series of severe health violations by the Florida Department of Agriculture. The inspection, carried out by Francis Odio, uncovered a disturbing range of problems that have led to the immediate closure of several sections of the store.

An inspection found bugs in the food and rodent poop on the shelves at a Florida grocery store

The Motley Fool

The AI chip leader has high expectations to meet heading into its next earnings release.

Should You Buy Nvidia Stock Before Aug. 28?

CNBC's Jim Cramer discussed Starbucks' management shakeup, saying the new leadership will be crucial to turn the business around. The coffee chain announced it would replace CEO Laxman Narasimhan with Brian Niccol, who is currently the CEO of Chipotle. Starbucks has struggled recently, reporting same-store sales declines during the past...

Cramer says new Starbucks CEO Brian Niccol is key to the company's turnaround after management shake-up

Robb Report















	Interest in Airbnb has dropped in recent months—and now so have the founder’s fortunes.How the Quiet Island of Tinos Became Greece's New It Destination




	The company’s three co-creators—Brian Chesky, Nathan Blecharczyk, and Joe Gebbia—lost a total of $3.2 billion on Wednesday after weakened demand was reported in the United States, according to Bloomberg. That’s a 12 percent drop in their net worth, as stocks in the company fell 13 percent, the most since November 2022.




	The decline hit all three founders slightly differently: Chesky, the CEO, saw his fortune plummet $1.3 billion, to a total of $9.2 billion. Blecharczyk, the chief strategy...

Airbnb’s Founders Just Lost $3.2 Billion in One Day. Here’s Why.

When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

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 CEO Brian Niccol who will start in his new role on Sep. 9. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim CEO until that time. Mellody Hobson, Starbucks board chair, will become the lead independent director.

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

Fast-casual giant Chipotle Mexican Grill has been a huge success for investors, while Cava is still in the early growth phase of its life.

Missed Out on Chipotle Mexican Grill? Buy Cava Instead

Business Insider

Starbucks announced Tuesday that its CEO, Laxman Narasimhan, would step down effective immediately.

Starbucks is replacing its CEO with the boss of Chipotle in an abrupt management shake-up

NewsBreak

Starbucks Abruptly Dumps CEO, Poaches Chipotle Boss

For Laxman Narasimhan, the daily grind is over. The Starbucks chief unexpectedly stepped down Tuesday. The embattled coffee chain named Chipotle CEO Brian Niccol his successor....

Starbucks Abruptly Dumps CEO, Poaches Chipotle Boss

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