FOX Business Briefs 10/21
GM sold a record number of EVs in third quarter; Coca-Cola sees third-quarter revenue rise on higher prices; Starbucks holds around $2 billion in unused funds from gift cards; bar expert Jon Taffer expands empire with new Taffer’s Tavern locations.
Fox Business Briefs 9/25
Starbucks to cut hundreds more corporate jobs, close stores; Birkenstock and H&M report steady sales; Apple launches plan to protect redwood forest.
Starbucks to close stores, cut jobs as part of turnaround strategy
Starbucks CEO Brian Niccol announces plans to close underperforming U.S. stores, cut 900 non-retail jobs and freeze hiring as part of ongoing turnaround efforts.
FOX Business Briefs 9/17
General Mills says turnaround is progressing: Ben & Jerry’s co-founder Jerry Greenfield quits; United Airlines is hiring 2,5000 Newark employees, Starbucks teams up with the 2028 Los Angeles Olympics.
FOX Business Briefs 9/11
Consumer prices rose in August; furniture sales slide; report: Starbucks to sell control of its China business; bosses say Gen Z workers need more praise
Starbucks CEO says coffee chain is 'ahead of schedule' in major turnaround effort after one year
Brian Niccol marks one year as Starbucks CEO with improved mobile ordering times and announces thousands of store redesigns planned for 2026.
Chicago barista says Starbucks workers are being 'abused verbally' under new CEO policies
Starbucks worker speaks out about verbal abuse from customers and increased stress from company policies as union contract negotiations stall.
Chief investment officer reveals the 'dirty little secret' in owning Visa
Albion Financial Group chief investment officer Jason Ware breaks down the 'good cocktail' for the U.S. stock market and highlights his favorite financial and consumer stocks on 'Making Money.'
FOX Business Briefs 8/19
Home Depot sees sales rise; Softbank invests $2 billion in Intel; Starbucks sets 2% raises for corporate workers; Cambridge adds Gen Z slang terms to dictionary.
Starbucks CEO sets new time goal for baristas making your order
Starbucks CEO sets a new service goal for baristas in order to improve in-store experience for customers, changes happen at stores across the U.S.
Starbucks getting rid of an ordering option as CEO pushes turnaround
CEO Brian Niccol announces Starbucks will sunset mobile order pickup-only locations next year as part of his "Back to Starbucks" strategy to revitalize the coffee chain.
Starbucks announces return date of Pumpkin Spice Latte
Coffee giant Starbucks announced the return date of its popular Pumpkin Spice Latte as well as drinks including Pumpkin Cream Cold Brew and the new Pecan Oatmilk Cortado.
Starbucks changes remote work policy, requires employees in office 4 days amid turnaround effort
Brian Niccol increases Starbucks' in-office requirement to four days per week, citing teams work more effectively together as he implements his "Back to Starbucks" plan.
Chinese coffee giant makes bold move into Starbucks territory with NYC debut
Luckin Coffee, China's fastest-growing coffee chain, launches first U.S. stores in New York City as it continues global expansion following 41% revenue growth in its latest quarter.
Starbucks will further align its menu with 'MAHA' initiative, RFK Jr. says
HHS Secretary Robert F. Kennedy Jr. said Starbucks is pledging to align its menu with the Trump administration's Make America Healthy Again initiative.
Starbucks workers strike over new dress code
Some Starbucks workers are striking over dress code changes that were implemented under CEO Brian Niccol, whose goal is to boost store image and business.
Starbucks sets new dress code for workers as it revamps cafe look
Starbucks is implementing a new dress code for workers starting in May that the coffee giant says will "create a sense of familiarity for our customers" at stores in North America.
GOP AG calls out Starbucks for advancing ‘racial quotas’: This is the ‘definition of racism’
Missouri Attorney General Andrew Bailey joins ‘Mornings with Maria’ to share the latest details emerging from the state's lawsuit against Starbucks over its diversity initiatives.
Starbucks CEO defends company's diversity, says they are 'key' strength of business
Starbucks CEO Brian Niccol said during a shareholder meeting that the company will continue to focus on diversity efforts, despite other companies beginning to pull back.
Starbucks CEO tells employees to be more effective after fresh round of layoffs
Starbucks' top boss made it clear to employees during an internal forum that they need to improve their efficiency in making decisions amid turnaround efforts.