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☆ Starbuck's ex-CEO started his Congressional testimony with an emotional story about his father. It was used against him.
▼ + stars: | 2023-03-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Former Starbucks CEO Howard Schultz told Congress about his father's work injury Wednesday. But Sen. Ed Markey used the anecdote to argue that Starbucks should respect unionizing workers. When Schultz was a child, his father slipped on ice and broke his foot while working as a driver, he said. Markey told the story of his own father, whom he said lost a finger in an accident at work. Starbucks told the Times that the remedies are "inappropriate."

☆ Dollar slumps as banking crisis chips away at its haven status and makes further Fed rate hikes a coin flip
▼ + stars: | 2023-03-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The US dollar has slipped 2% over five trading days as the banking crisis rattles investors. The collapse of SVB and Signature Bank may threaten the greenback's haven status, one analyst said. The buck's run of losses follows the collapse of Silicon Valley Bank and Signature Bank earlier this month. The Fed shying away from hikes could also weigh on the dollar. Read more: The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil

☆ Starbuck's interim CEO Howard Schultz said he doesn't believe unions have a place at the coffee giant as unionization efforts spread
▼ + stars: | 2023-02-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Starbucks' interim CEO Howard Schultz said unions have no place at the company in a CNN interview. He said that unionization efforts reflect a "much bigger problem" beyond individual companies. Schultz, who stepped in as interim CEO of Starbucks in April 2022, told Harlow: "I don't think a union has a place in Starbucks." Schultz argued that Starbucks worker unionization efforts in America are reflective of a much bigger macro problem beyond the company itself. Unionization efforts from Starbucks workers began in Buffalo, New York in 2021 as workers grew tired of stores being consistently understaffed, poor working conditions during the pandemic, as well a demand for higher wages.

☆ Late Subway co-founder's stake donated in potential tax shield
▼ + stars: | 2023-02-01 | by ( Abigail Summerville | ) www.reuters.com time to read: +2 min

It will shield both the estate and the foundation from a big tax bill were Subway to be sold. Reuters reported in January that Subway was exploring a sale with the help of a financial adviser. A Subway spokesperson said the company does not comment on ownership structure and business plans. Buck, who was a nuclear physicist, and co-founder Fred DeLuca started Subway in 1965 after DeLuca asked Buck for advice on how to pay for his college tuition. Reporting by Abigail Summerville in New York; Editing by Anirban Sen and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Subway's late cofounder will give half the company to a charity where his 2 sons work, amid reports the chain is considering a sale
▼ + stars: | 2023-01-31 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Subway's last surviving founder, Peter Buck, died in 2021. Buck, who died last year, left his 50% stake in the chain to the Peter and Carmen Lucia Buck Foundation, according to a Tuesday announcement by the charity. Peter Buck was 34 when he partnered with a 17-year-old family friend, Fred DeLuca, to open a submarine sandwich shop. In 2020, the chain laid off hundreds of corporate staff to cut costs amid rumors of a company sale. Are you a Subway insider with insight to share?

☆ Stocks face their biggest test of the year this week as early-year gains stir excitement
▼ + stars: | 2023-01-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings : More than 20% of the S & P 500 will report this week; by next Friday, 50% of the S & P will have reported. Craig Johnson at PiperSandler noted that 66% of all S & P 500 stocks are above their 200-day moving averages. It's not just the big-cap S & P 500 that is advancing: So are small-caps. The S & P High-Beta ETF is up 16% this month, at its highest levels since April of 2022. If that holds, it's the first positive January for the S & P 500 since 2019, when it was up 7.9%.

☆ The dollar's dominance has peaked now that inflation is falling and Fed tightening has been priced in, State Street strategist says
▼ + stars: | 2022-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Dwyfor Evans said, "the worst is over as far as inflation is concerned… and the tightening of policy by the Fed is priced in." We think we're moving towards an environment that is actually going to be more supportive for some of the higher-beta currencies." "Inflation in the US is actually falling quite sharply on a short-term basis in various sorts of sectors," he said. "The tightening of policy by the Fed is actually priced in," he said. Read more: Larry Summers doesn't see US interest rates topping 5% as the Fed juggles the 'two-sided risk' of inflation and slowdown

The Philadelphia Phillies will face the Houston Astros in the 2022 World Series on Fox. The 2022 World Series begins October 28, with a potential game seven scheduled for November 5. You can stream the World Series on Fox through services like YouTube TV, Sling TV, and Fubo TV. 2022 World Series scheduleEvery game of the 2022 World Series will air on Fox, and the series will continue until one team wins four games and clinches the championship. Game Date & Time Channel Philadelphia Phillies at Houston Astros, Game 1 October 28, 8:03 p.m.

At an election office in Flagstaff, Arizona, voters will encounter bulletproof glass and need to press a buzzer to enter. Election officials around the country said they were coordinating more closely with local law enforcement to respond quickly to disturbances. The Justice Department says it has investigated more than 1,000 messages to election workers since the 2020 election, including more than 100 that could warrant prosecution. PROTECTIVE MEASURESMany election officials blame disinformation, such as Trump's baseless claims about election fraud in the 2020 election, for the surge in threats. In Michigan, Republican candidates for governor, attorney general and other positions have questioned the outcome of the 2020 election.

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