Starbucks’ sliding sales show its new CEO has his work cut out for him
Starbucks released its fourth-quarter earnings early on Tuesday. Starbucks sprung a surprise on investors on Tuesday and posted its…
This is how important the Quarter Pounder is to McDonald’s — and why it will want to address E. coli concerns quickly
The CDC has linked McDonald’s Quarter Pounders to an outbreak that has killed one person and sickened dozens of…
Coke Zero sales jump, helping Coca-Cola beat forecasts despite revenue dip
Coke Zero sales are rising for Coca-Cola. Coca-Cola posted its first quarterly decline in revenue this year in its…
Ex-Abercrombie & Fitch CEO ran sex trafficking operation while at the company’s helm, prosecutors say
Former Abercrombie & Fitch CEO Mike Jeffries. Mike Jeffries, the former CEO of Abercrombie & Fitch, his partner, and…
The US is facing a drugstore graveyard as stores close. Filling the leftover spaces is the next challenge.
Walgreens recently announced that it’s closing 1,200 stores over the next three years. America’s retail pharmacy giants are undergoing…
A key to the new Starbucks CEO’s turnaround plan may be baristas
Starbucks CEO Brian Niccol mentioned the chain’s frontline workers in a message to shareholders on Tuesday. Some of Starbucks’…
Putin’s dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport
Attendees of the BRICS summit, hosted by Russian President Vladimir Putin, have been advised to bring dollars and euros….
No recession risk regardless of who wins the White House, says Blackstone’s Steve Schwarzman
Steve Schwarzman is CEO of Blackstone, which manages assets of about $1 trillion. The US will probably skirt a…
An increasing number of Americans are living paycheck to paycheck, BofA says
More Americans are living paycheck to paycheck than they were five years ago, with around a quarter of all…
Americans are quitting their jobs at the lowest rate in years. It’s making it harder to get raises and promotions.
The plummeting quits rate isn’t because everyone’s recently become satisfied with their jobs and pay. In 2021 and 2022,…