My top 10 things to watch Wednesday, Jan. 29 1. Wall Street was headed for a muted open after the Nasdaq closed 2% higher Tuesday and made back a big chunk of Monday’s big DeepSeek-driven selloff. The market is still heavily overbought, so I’m more inclined to reduce stock exposure …
Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022. Jeff Greenberg | Universal Images Group | Getty Images Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the …
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some …
New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. “… In some places — especially in the U.S. — we aren’t always delivering,” …
Brian Niccol steps in as CEO of Starbucks on Monday, taking over as the coffee giant’s sales slump and stock price falls. Starbucks tapped Niccol in August to take over from Laxman Narasimhan, who held the position since March 2023. Niccol had served as chief executive of Chipotle Mexican Grill …
After the surprise leadership change at Starbucks this week, Wall Street has focused on what’s next for its struggling China business amid a rough patch for the stock. Starbucks announced earlier this week that Chipotle CEO Brian Niccol would helm the coffee chain, replacing Laxman Narasimhan. Afterward, investors sent the …
Here are the biggest calls on Wall Street on Wednesday: Wolfe downgrades PulteGroup to peer perform from outperform Wolfe says the homebuilder is overvalued. “Valuation is the key driver of our PHM downgrade, while the company’s elevated exposure to Florida and balanced consumer segmentation likely limits upside to our estimates.” …
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the …
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen …