Typically, investors buy shares in a company because they believe in the firm’s strategy, leadership, and vision for the future. But what about when investors are buying shares because they hate how the company operates?. That’s the question that Starbucks executives had to answer after activist investing firm Elliot...

Starbucks & Elliott bury the hatchet

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

As Starbucks’ new CEO, Brian Niccol, the current CEO of Chipotle (CMG), faces a tough road ahead: he must win the favor of both the former CEO Howard Schultz, and the demand of shareholders. Balancing the two has tripped up past leaders, making his task all the more critical.

Starbucks' new CEO will need to please shareholders — and Howard Schultz, analysts say

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

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

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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

“Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo to employees. “Our costs are too high, our margins are too low. We need bolder actions to address both — particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

Intel to lay off 15,000 employees

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

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

The Motley Fool

Decades of experience and novel solutions will likely drive this AI specialist even higher.

1 Unstoppable Stock That Could Join Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Starbucks CEO Laxman Narasimhan is out after 17 months in the role. His leadership was hit by falling sales, union clashes, and activist investors.

What went disastrously wrong in Laxman Narasimhan's 17 months as CEO of Starbucks

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 2.06%) began...

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

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 named Brian Niccol chairman and CEO on Tuesday amid mounting sales concern and growing interest from activist investors. Laxman Narasimhan, who has only been in the job for 16 months, is stepping down from his role effective immediately. Rachel Ruggeri, Starbucks’ chief financial officer, will step in as interim chief executive for the next month.

Brian Niccol named CEO of Starbucks

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

Entrepreneur

Niccol will begin as CEO of Starbucks on September 9.

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

TheStreet

Here are the stocks making the biggest market moves today.

Home Depot, Starbucks, Nike up; Chipotle down - Midday stock movers

Nvidia holds a dominant position in the AI chip industry. The world's leading tech companies are spending heavily on AI infrastructure. The company's shares are trading at a discount, compared to this time last year. It's too early in the AI boom to say Nvidia's run is over. Here's what...

Where Will Nvidia Stock Be in 1 Year?

Shares in the chain soared after the appointment of a new chief executive to try to boost sales.

Starbucks replaces boss after sales slump

Super Micro Computer has achieved a leadership position in the artificial intelligence (AI) server market due to internal manufacturing capabilities and a unique building-block approach to product design. Supermicro missed earnings estimates by a wide margin in the most recent quarter, but margins should improve as liquid cooling solutions reach...

1 Stock-Split AI Stock to Buy Before It Soars 185%, According to a Wall Street Analyst

NewsBreak

Coffee chain Starbucks replaces CEO in executive shake-up

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...

Coffee chain Starbucks replaces CEO in executive shake-up

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