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☆ Jim Cramer says GameStop feels like a 'massively overvalued' SPAC
▼ + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday told investors that GameStop increasingly feels like a special purpose acquisition company as the videogame retailer's primary business struggles, but it still manages to raise cash. "Doesn't have to be a full plan, could be the mere idea of a plan, but so far, GameStop doesn't even have that — or if they do, they sure haven't shared it with us." The company managed to turn a profit due to interest on the $4.2 billion it has in cash, not underlying business. He agreed with an analyst from Wedbush who suggested the company close its physical stores and operate as a bank. "Ultimately, GameStop's always vulnerable to a short squeeze because, based on whatever nonsense the memesters can temporarily cook up," Cramer said.

Persons: CNBC's Jim Cramer, haven't, Wednesday's, Cramer, it's, Wedbush, he's, GameStop's Organizations: Wednesday, GameStop

☆ Boeing should be kicked out of the Dow
▼ + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The United States is no longer primarily an industrial economy, and the changes in the index over the last 126 years reflect that evolution. Beyond that, there are two other major issues indicating that Boeing no longer belongs in the Dow. Trying to stay relevantBoeing obviously wasn’t an early component of the Dow — the index started seven years before the first plane flew at Kitty Hawk, and 20 years before Boeing was incorporated. In 2020, the Dow dropped ExxonMobil, then struggling with low oil prices during the pandemic, and added tech company Salesforce, then on a tear. Boeing declined to comment when asked about its membership in the Dow.

Persons: ”, Ron Epstein, Dow, Max, That’s, Sam Stovall, Kitty Hawk, “, ” Stovall, Stovall, — Organizations: New, New York CNN, Dow Jones, New York Stock Exchange, Nasdaq, Boeing, Bank of America, Steel, Disney, Dow, Alaska Airlines, Federal Aviation Administration, CFRA Research, Electric, Lockheed, GE, GE Aerospace, ExxonMobil, Airbus Locations: New York, United States, Alaska, Ukraine

6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.

Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's

☆ The inflation report dashes hopes of a jumbo rate cut next week
▼ + stars: | 2024-09-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The consumer price index, published by the Bureau of Labor Statistics, increased 2.5% over the year from August 2023 to this past August, matching the forecast of 2.5% and below July's 2.9% rate. The new data will factor into the Federal Open Market Committee's interest-rate decision next week, with the hot core figure decreasing the odds of a jumbo 50-basis-point cut. Softening but still relatively strong labor market data will also weigh on the Fed's decision. "If that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September."

Persons: —, Jerome Powell, Powell Organizations: Service, Bureau of Labor Statistics, Business, Federal

☆ Here’s the inflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We'd expect inflation to continue to subside," though with "some ups and downs" in the data from month to month, House said. Housing inflation is falling but still highInflation for physical goods spiked as the U.S. economy reopened in 2021. Shelter is largest component of the CPI, and therefore has an outsized effect on inflation readings. Such data quirks mask positive news in the real-time rental market, which has seen minimal inflation for about two years, economists said. However, shelter CPI inflation has appeared to defy gravity lately: It increased on a monthly basis for two consecutive months, from 0.2% in June to 0.4% in July, and then to 0.5% in August.

Persons: Grace Cary, Sarah House, It's, hasn't, Paul Ashworth, Ashworth, — Organizations: Wells, Wells Fargo Economics, U.S . Department of Labor, North, Capital Economics, U.S . Federal, Finance, CPI, BLS Locations: U.S, Wells Fargo, North America

☆ Nvidia stock jumps as CEO Jensen Huang looks to address key investor concerns
▼ + stars: | 2024-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock surged 6% on Wednesday, helping fuel a tech-led rebound in the stock market. CEO Jensen Huang discussed the return on investment of AI infrastructure at a Goldman Sachs conference. Productivity gains and immediate cost savings are the core tenets of Nvidia's ROI pitch to customers. The gains in Nvidia stock came as CEO Jensen Huang addressed investors at a Goldman Sachs conference in San Francisco Wednesday morning. "You reduce the computing time by about 20 times, and so you get a 10x savings," Huang said of running Nvidia's GPU accelerators relative to traditional CPUs.

Persons: Jensen Huang, Goldman Sachs, —, David Solomon, Huang, Solomon, Nvidia's, Claude, There's Organizations: Nvidia, Goldman, Productivity, Service, San Locations: San Francisco

☆ Dow falls by almost 700 points after inflation report reduces chance of a jumbo-sized rate cut
▼ + stars: | 2024-09-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

But what appeared to garner a lot more attention was the 0.3% monthly rise of the core CPI gauge, which excludes food and energy. The higher-than-expected rise in core inflation will likely cause central bank officials to proceed more carefully when deciding whether to cut interest rates and by how much. On Tuesday, traders were pricing in a 34% chance the Fed would cut rates by a half point. But after the CPI data was released Wednesday morning, traders priced in a 15% chance that would happen. Wednesday’s market moves are a stark contrast to Monday’s, when the Dow, S&P 500 and Nasdaq all closed 1.2% higher.

Persons: clamoring, Dow Organizations: New, New York CNN, Federal Reserve, Nasdaq Locations: New York

☆ Harris bests Trump in debate, but there’s no guarantee it will shape the election
▼ + stars: | 2024-09-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +17 min

Harris and Trump didn't interact after the debate ended Saul Loeb/AFP/Getty Images Trump speaks during the debate. Chip Somodevilla/Getty Images Trump supporter Pat Tuttle watches the debate from Jonathan's Grille in Nashville, Tennessee. Saul Loeb/AFP/Getty Images Harris averages 49% support across recent polls while Trump stands at 48% in the latest CNN Poll of Polls . Matthew Hatcher/AFP/Getty Images Trump and Harris shake hands at the start of the debate. Harris introduced herself by name and said, “Let’s have a good debate.” Trump responded: “Nice to see you.

Persons: Donald Trump, Kamala Harris, strode, Harris, Trump, Mike Tyson’s, ”, didn’t, Joe Biden, David Muir, Linsey Davis, Michael Le Brecht, Sean Hannity, CNN's Kaitlan Collins, Collins, Chip Somodevilla, Douglas Emhoff, Saul Loeb, Alex Brandon, Pat Tuttle, George Walker IV, Sen, John McCain, Tristen Rouse, CNN Trump, Win McNamee, Adam Gray, Doug Mills, CNN Harris, peppering, Sheena Carey, Morry Gash, he’d, “, ” Trump, Christine Rogers, Matthew Hatcher, ” Saul Loeb, Roberto Schmidt, Andrew Thomas, Robert F, Kennedy Jr, Kennedy, Jim Lo Scalzo, Anthony Scaramucci, Olivia Troye, Matt Rourke, Hannah Beier, Lilly, Evelyn Hockstein, Matt Slocum, Kenny Holston, don’t, George W, Bush, it’s, they’ve, There’s, Biden, Taylor Swift, Tim Walz, Harris didn’t, unaccountably, JD Vance, Barack Obama’s, she’s, Viktor Orban, Trump’s, hadn’t, Vladimir Putin, “ You’re, you’re Organizations: CNN, ABC News Trump, Fox News, National Constitution Center, Getty, Trump, Pennsylvania Convention Center, Images, Affordable, People, Nasdaq, New York Times, Bloomberg, AP, AP Trump, Philadelphia International Airport, AFP, Philadelphia City Hall, Former Trump, Reuters, ABC, Force, White, Central, Five, Biden Locations: America, Philadelphia, Pennsylvania, Nashville , Tennessee, Washington ,, New York, Milwaukee, United States, AFP, Afghanistan, –, Hungarian, Ukraine, Russia

☆ Stock futures inch lower as investors brace for more inflation and labor data: Live updates
▼ + stars: | 2024-09-11 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August consumer price index. S&P 500 futures and Nasdaq 100 futures dipped 0.07% and 0.13%, respectively. Stocks dropped earlier in the day when August's consumer price index showed an uptick in core inflation, which excludes volatile food and energy prices. Wall Street is anticipating the release of the August producer price index on Thursday.

Persons: Stocks, Lauren Goodwin, CNBC's, — that's, Goodwin, Dow Jones, Kroger Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Investors, Dow, Fed, New York Life Investments, Adobe Locations: New York City . U.S

☆ 7 things to watch for at tonight's debate: From the Politics Desk
▼ + stars: | 2024-09-10 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, we preview tonight's showdown between Kamala Harris and Donald Trump. Programming note: Stay tuned for a special edition of the From the Politics Desk newsletter tonight, where we will be recapping and analyzing the presidential debate. One of the things I’ll be looking for is which voters each candidate goes out of their way to address directly. Something to watch for right at the beginning of the debate is whether Harris and Trump shake hands. That would boost her to 245 electoral votes and reduce the number of remaining state outcome combinations to 16.

Persons: Kamala Harris, Donald Trump, Steve Kornacki, —, NBC —, Donald Trump —, ’, Kristen Welker, Harris, Read, Chuck Todd, Monica Alba, Harris ’, Mike Pence, she’s, Trump, → Garrett Haake, Gabe Gutierrez, Jonathan Allen, Emma Barnett, Rob e Organizations: NBC, White House, Capitol, ABC News, Trump, NBC News, Keystone State, Electoral Locations: Pennsylvania, Arizona, Georgia, Michigan, Nevada , North Carolina, Wisconsin

☆ Meeting anxiety is a real thing. Here's how to beat the nerves, according to a career expert.
▼ + stars: | 2024-09-10 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

While we may chastise ourselves for stumbling over our words or saying the wrong thing, we'd likely never notice such a thing in our peers. It's worrying about saying the wrong thing or asking a question others think is stupid or has an obvious answer. "Even if you stutter, even if you don't say it perfectly how you intended, it's taking you out of your head and into action," Durham said. "If you're someone who's in your head, you are not the target audience for that constructive criticism," she added. "So you are inherently not going to say the wrong thing."

Persons: —, Emily Durham, Durham, it's, Zers, It's, They've, you'll Organizations: Service, Business, Deloitte, Harvard Business School

☆ BMW trims 2024 profit margin on technical issues, weak China demand
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: +1 min

BMW trimmed its profitability guidance for 2024 on Tuesday, pointing to technical problems that led to delivery stops for cars as well as persistently sluggish demand in the key Chinese market. The German carmaker said it expects its margin of earnings before interest and taxes (EBIT) to be between 6% and 7% for 2024, having previously guided for a figure between 8% and 10%. In a statement, Continental said that only a "small proportion" of the braking systems it produces and supplies to BMW will be partially replaced because of an electronic component that may be impaired. The company also forecasts a slight decrease in deliveries, it said, without providing a specific figure, after having previously expected an increase. The technical actions related to the integrated braking systems impact over 1.5 million vehicles and will result in additional warranty costs in a high three-digit million amount in the third quarter, the company added.

Persons: carmaker, Continental Organizations: BMW, Benz, Volkswagen, Porsche Holding, Renault, Continental Locations: China

German automotive giant Volkswagen on Tuesday said it was scrapping six labor agreements as the company's standoff with unions and its works council intensified. "The company sees itself forced to do so because of the current economic challenges," Volkswagen said in a statement translated by CNBC. That applies to the company as well as the wage agreement levels," Volkswagen human resources chief Gunnar Kilian said in the statement. In a statement released Tuesday, VW Works Council head Daniela Cavallo reiterated that there would be pushback to Volkswagen's plans. We will not accept this silently and without action," he said in a statement translated by CNBC.

Persons: Gunnar Kilian, Daniela Cavallo, Thorsten Gröger Organizations: Volkswagen, VW, CNBC, VW Works, IG Metall Locations: Zwickau, Germany

☆ Starbucks’ new CEO wants to make Starbucks a coffee shop again
▼ + stars: | 2024-09-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

He will be Starbucks’ fourth CEO in two years, taking the helm amid a slump in Starbucks’ business and pressure from employees and investors. Starbucks CEO Brian Niccol. Some customers have expressed frustration with high prices, slow pickup orders on Starbucks’ app and lackluster food options. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. According to the company, Niccol will spend time in stores, at headquarters in Seattle and with Starbucks employees around the world.

Persons: Brian Niccol, “, ”, “ We’re, Niccol, Taco Bell, Dylan Buell Organizations: New, New York CNN, Starbucks, Getty Locations: New York, Chipotle, Mobile, United States, Newport Beach , California, Starbucks ’ Seattle, Seattle

☆ Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam ahead
▼ + stars: | 2024-09-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China

☆ Two key inflation reports this week will help decide the size of the Fed's interest rate cut
▼ + stars: | 2024-09-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department's Bureau of Labor Statistics will release its consumer price index report for August. With the issue virtually settled over whether the Fed is going to cut rates when it wraps up the next policy meeting Sept. 18, the only question is by how much. "Inflation data has taken a backseat to labor market data in terms of influence on Fed policy," Citigroup economist Veronica Clark said in a note. "But with markets — and likely Fed officials themselves – split on the appropriate size of the first rate cut on September 18, August CPI data could remain an important factor in the upcoming decision."

Persons: Veronica Clark, Dow Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, BLS, CPI, Citigroup, Fed, PPI

☆ I've been a digital nomad for 11 years. The hardest part of this lifestyle is dating.
▼ + stars: | 2024-09-10 | by ( Cait Charles | ) www.businessinsider.com time to read: +7 min

In 2013, I took my first step into the digital nomad lifestyle by becoming an online English teacher. The author, with a camel on Mount Sinai, has made friends while dating as a digital nomad. Related storiesWe met on Nomad Soulmates, a dating app for digital nomads under the most surreal of circumstances. Go with your gutI was just getting out of another failed relationship when I went on my first Tinder date. When you're dating on the road, the temptation to do so is strong, and connecting at a speed that would seem crazy in the "real world" is commonplace.

Persons: —, I've, Buddha, Cait Charles, Nomad Soulmates, Moishe, bode Organizations: Service, Business, Central Locations: Thailand, Nepal, Mount Sinai, South Korea, Pennsylvania, Florida, Mexico, Central America

☆ Core Scientific CEO on overlap between AI and crypto
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCore Scientific CEO on overlap between AI and cryptoAdam Sullivan, Core Scientific CEO, joins 'Fast Money' to talk the crypto space, AI, and the upcoming election.

Persons: Adam Sullivan Organizations: Core

Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.

Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's

☆ What business leaders should know about the SEC's cybersecurity disclosure rule
▼ + stars: | 2024-09-10 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Last year, the SEC mandated that public companies disclose material cybersecurity incidents. "These types of cybersecurity incidents have a real impact, potentially, on shareholder value," Kate Dedenbach, a privacy and cyber attorney at Fisher Phillips in Detroit, told Business Insider. "The SEC's goal is to provide investors with more robust and timely information about cybersecurity incidents so they can make more knowledgeable investment decisions." There's a timeframe for disclosuresThe SEC says that determining a cybersecurity incident's materiality should be done "without reasonable delay" but doesn't specify a timeframe. The SEC says companies can delay disclosure if a cybersecurity incident poses a substantial risk to national security or public safety.

Persons: —, Hugh Thompson, Kate Dedenbach, Fisher Phillips, Thompson, LoanDepot, Lei Zhou, Zhou, Dedenbach, Steve Winterfeld, it's, Winterfeld, cyberattacks, Winterfield Organizations: SEC, Service, RSA Conference, US Securities and Exchange Commission, Microsoft, Forbes, University of, Akamai Technologies Locations: Detroit

☆ What Trump and Harris’ economic proposals mean for you
▼ + stars: | 2024-09-10 | by ( Elisabeth Buchwald | Matt Egan | ) edition.cnn.com time to read: +9 min

Here’s a look at what could happen to inflation, jobs and the deficit if Trump or Harris win in November. That, among other things, would keep the top tax rate individuals pay at 37% compared to 39.6% before it went into effect. Meanwhile, the tax proposals Harris has put forth so far mostly involve imposing higher taxes, which would have a positive impact on the deficit. For instance, she’s endorsed raising the top individual income tax rate to 44.6% and the top long-term capital gains tax rate to 28% versus the current 20%. Taken together, the Penn Wharton Budget model estimates Harris’ proposals could increase the deficit by an additional $1.2 trillion by 2034.

Persons: Kamala Harris, Donald Trump, Harris, Goldman Sachs, Trump, Warwick McKibbin, Goldman, she’s, ”, Justin Wolfers, Kevin Dietsch, He’s, Elon Musk, She’s, Joshua Gotbaum Organizations: New, New York CNN, Labor Department, Trump, Peterson Institute for International Economics, Gross, University of Michigan, CNN, Federal Reserve, Treasury Department, Wharton Budget, Social Security, Penn, Wharton Budget Model, Penn Wharton Budget, Brookings Institution Locations: New York, United States, Penn

☆ Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering 'extreme bargains'
▼ + stars: | 2024-09-09 | by ( Gabrielle Fonrouge | ) www.nbcnews.com time to read: +4 min

Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor. As part of its Chapter 11 filing, Big Lots agreed to sell its business to private equity firm Nexus Capital Management for about $760 million, consisting of $2.5 million in cash plus its remaining debt and liabilities, court records show. While discount retailers tend to do well in rough economic cycles, Big Lots primarily caters to lower- and middle-income consumers, who have curbed discretionary spending at a higher rate than their more affluent counterparts. “Big Lots is not always good value for money. A&G Real Estate Partners has been tapped as Big Lots’ real estate advisor, while Nexus will be represented by law firm Kirkland & Ellis.

Persons: Lots, Bruce Thorn, ” Evan Glucoft, ”, Big, Glucoft, Cos, ” Neil Saunders, GlobalData, ” Saunders, Davis Polk, Kirkland, Ellis Organizations: Big, Nexus Capital Management, Walmart, Goods, Guggenheim Securities, Real, Partners

Apple is hosting an event at its headquarters in Cupertino, California, where it has unveiled new versions of the iPhone, AirPods and Apple Watch. AppleApple just unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus announced earlier. Apple’s iPhone 16 Pro has a 6.3-inch display, and the Apple 16 Pro Max has a 6.9-inch display, larger than those of previous models, which measured in at 6.1 inches and 6.7 inches, respectively. The iPhone 16. The iPhone 16 Pro starts at $999, and the Pro Max starts at $1,199, Apple said.

Persons: Max, ” Apple, —, Apple, Pro Max Organizations: Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro Locations: Cupertino , California

Van Ostern jumped into the race first, quickly earning Kuster’s endorsement. Tensions have heightened in the closing weeks of the race, with money flowing in and one high-profile Van Ostern backer — former Gov. Focus on reproductive rightsGoodlander and Van Ostern have particularly sharpened their attacks against each other over reproductive rights. In her rebuttal, Goodlander told him, “Colin, you were the spokesman for an anti-choice congressman. Lynch, the former governor who endorsed Van Ostern early on, opted to back Goodlander instead.

Persons: Colin van Ostern, Maggie Goodlander, Annie Kuster, Van Ostern, Amy Walter, Goodlander, Jake Sullivan, Hillary Clinton, Van, —, John Lynch —, — Kathy Sullivan, Ned Helms —, Joe Foster, Sylvia Larsen, ” Van Ostern, he’s, clerking, Stephen Breyer, Roe, Wade, “ I’ve, ”, ” Goodlander, Arizona GOP Sen, John McCain, Justin Amash, Donald Trump, Dan Driscoll, Goodlander’s, “ Colin, Jim Turner, it’s, we’re, Lynch, Colin, ” Lynch, “ Organizations: Congressional District, Former New Hampshire, Department of Justice, Democratic, White House, Hampshire, Democratic Party, NBC News, New, NBC, Supreme, Justice Department, WMUR, Republicans, Arizona GOP, Texas Democratic, Congress, Vote Locations: New Hampshire’s, Washington, New Hampshire, Arizona

☆ Starbucks' new CEO just started the job. Here's what he could shake up, from the menu to the C-suite.
▼ + stars: | 2024-09-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Niccol, who has spent six years as the CEO of Chipotle, officially took the reigns at Starbucks on Monday. Niccol could also bring big changes to Starbucks' menu and stores. Related storiesNiccol "will bring a similar discipline that will enable Starbucks to better succeed with menu innovation," Charles wrote. New menu items — including those that target new meals and times of the day — could also be on the agenda, Deutsche Bank's Silberman wrote. Niccol could implement a similar strategy at Starbucks and use it to expand Starbucks' breakfast and lunch offerings, she said.

Persons: —, Brian Niccol, Laxman Narasimhan, Niccol hasn't, isn't, didn't, John Ivankoe, Lauren Silberman, John Culver, Roz Brewer, Silberman, Niccol, Chipotle, Cowen, Andrew Charles, Charles, Deutsche Bank's Silberman, Gregory Francfort, skillset, Taco Bell, Eric Gonzalez, Narasimhan, Niccol's, Gonzalez Organizations: Service, Starbucks, Business, JPMorgan, Deutsche Bank, Walgreens, Deutsche, Guggenheim Partners, Taco, Capital Locations: China

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