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Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize in 2021, more than 11,000 baristas have joined the union, according to a Tuesday press release. "This milestone is a testament to workers building power from the ground up," said Lynne Fox, president of Workers United. The union and Starbucks announced together in February that negotiations would be taking place through a collaborative process to work toward a foundational framework.
Persons: Baristas, Lynne Fox, Brian Niccol Organizations: Starbucks Corp, Starbucks Workers United, Workers, Starbucks Locations: Seattle , Washington, US, Bellingham , Washington, Bellingham
Jim Cramer explains why he's bullish on Starbucks
  + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer on Monday told investors why he's optimistic about Starbucks , reviewing the bull and bear cases for the stock recently released by different analysts. "I think he's got such a great track record that he's more than earned the benefit of the doubt." The ailing coffee change announced a change of management last month, replacing CEO Laxman Narasimhan with former Chipotle CEO Brian Niccol. Starbucks saw sales decline over the past few quarters, and shares fell more than 20% during Narasimhan's time in the role, according to CNBC. Cramer compared a bearish downgrade from Jefferies and a bullish upgrade from Bernstein, as both firms posted analyses last week.
Persons: CNBC's Jim Cramer, he's, Laxman Narasimhan, Brian Niccol, Niccol, Cramer, Bernstein, Jefferies, I'm Organizations: Starbucks, CNBC, Jefferies
With some ground-based communications in tatters from the storm, Starling said the stations had resorted to using SpaceX’s satellite internet service Starlink to remain online. In the wake of the storm, WWNC and other local news outlets region produced indispensable service journalism as communities reeled from the disaster. During WWNC’s marathon live broadcast, listeners were urged to keep the faith and have patience, since the recovery effort will take weeks. Wilson told CNN, “We’ve had people calling all day long trying to locate other people.”Starling said the radio network’s live coverage began on Thursday as Helene approached Florida’s Gulf Coast. We’re all neighbors.”Starling laughed on air about looking forward to seeing his local Amazon delivery driver once again.
Persons: Paul, ” Paul, iHeart, Mark Starling, , Starling, Eddie Foxx, Ashley Wilson, Wilson, couldn’t, Helene, ” Foxx, Foxx, , “ We’ve, ” Starling, hadn’t, We’re, Mark, Apple Crisp, ” Wilson Organizations: CNN, Radio, iHeartMedia, Sunday, Asheville Citizen, Times, Public Radio, Apple Locations: North Carolina, tatters, Asheville, Charlotte, New Orleans, , Florida’s Gulf Coast, Georgia
Wait times at Starbucks have gotten long, with some customers waiting nearly 30 minutes. I visited three Washington, DC-area Starbucks stores to see how bad the waits were. Wait times at the coffee chains' stores have gotten close to half an hour, Business Insider previously reported. It's a problem that Brian Niccol, who joined Starbucks as CEO earlier this month, will have to deal with. I also wanted to try different ways of ordering: Multiple Starbucks employees — or "partners," as the chain calls them — have told me that drive-thru wait times are one of the most important metrics their managers track.
Persons: Brian Niccol, , Niccol Organizations: Starbucks, Service Locations: Washington, DC
Jim Cramer breaks down bull and bear takes on Starbucks
  + stars: | 2024-09-30 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer breaks down bull and bear takes on Starbucks'Mad Money' host Jim Cramer looks at recent Starbucks notes to get an idea where analysts are following the Brian Niccol coming on as CEO.
Persons: Jim Cramer, Brian Niccol Organizations: Starbucks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot everyone is onboard with Brian Niccol at Starbucks, says Jim Cramer'Mad Money' host Jim Cramer looks at recent Starbucks notes to get an idea where analysts are following the Brian Niccol coming on as CEO.
Persons: Brian Niccol, Jim Cramer Organizations: Starbucks
Learn moreThe Walking Dead: Daryl Dixon returns for a second season with The Book of Carol. We've put together everything you need to know about how to watch The Walking Dead: Daryl Dixon from anywhere, including a free streaming option. How to watch The Walking Dead: Daryl Dixon in the USThe Walking Dead: Daryl Dixon's second season, The Book of Carol, airs Sunday nights at 9 p.m. How to watch The Walking Dead: Daryl Dixon in AustraliaNew Book of Carol episodes of The Walking Dead: Daryl Dixon will be available to stream through Stan in Australia at the same that they air in the US. How to watch The Walking Dead: Daryl Dixon in New ZealandThe Walking Dead: Daryl Dixon is available to stream for free on TVNZ in New Zealand.
Persons: Daryl Dixon, Carol, We've, Norman Reedus, he's, Carol Peletier, Melissa McBride, Carol —, Daryl, we'll, Daryl Dixon's, Philo, Stan, we've, ExpressVPN Organizations: Business, AMC, Sling, TVNZ, US Locations: France, Australia, New Zealand, Stan
Dirty soda shops want to be the next Starbucks
  + stars: | 2024-09-28 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +8 min
At a local store called Thirst, she tried a classic dirty soda combination: Dr Pepper with coconut cream and a raspberry syrup. Dirty soda is a non-alcoholic drink combined with creams, flavored syrups or fruit. What surprised Myrick the most about dirty soda shops was the sheer quantity of choices. Soda shops will have to continue to make the drinks relevant even once social media moves on, especially with such lofty growth goals. “It’s tough here because the vibe of the soda shops is a drive-through.”
Persons: Jordan Myrick, ” Myrick, Myrick, , Dr Pepper, influencers, it’s, , I’m, Layla Taylor, “ I’m, TikTok, Swig, Alex Dunn, we’ve, Chris Goodchild, , FiiZ, Sodalicious, Pepper, doogh, Dixie, Lindsay Lohan, Ducky –, Goodchild, ” Goodchild, Coke, Nara Smith, creamer, you’re, Klea Mulla Organizations: New, New York CNN, Hulu, CNN, , Starbucks, Boston Consulting Group, Western, Sonic, Dairy, The Washington Post, Pepsi, Dutch Bros, York City Locations: New York, California, Utah, Salt Lake City, Los Angeles, Swig, Western United States, South – Florida, Kentucky, Carolinas, Kansas, Indiana, Missouri, Midwest, Punjab, South Asia, Nara, Wawas, overpriced, New York City, York
David Valdez, 35, moved to Detroit from San Francisco in 2018. Valdez moved to Detroit for better job opportunities and to be with his partner, Juna Durrant, who is from Michigan. In San Francisco, Valdez said he worked two jobs and lived with roommates just to get by. At the time, Valdez worked at various cafés in Detroit, including Astro, a coffee shop in the historic Corktown neighborhood. "If I stayed in San Francisco, I wouldn't even begin to try to open a coffee shop," Valdez said.
Persons: David Valdez, he's, Valdez, , I've, Juna Durrant, Durrant, Detroit Valdez, San, California Valdez, refinanced Organizations: Service, Census Bureau, Starbucks, Astro, Business, David Locations: Detroit, San Francisco, Michigan, California, Mexico City, Alba, Mexican, David Valdez, ProsperUs, Corktown
Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.
Persons: Craig Levey, Levey, , doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle
Instead, he plans to pay for college, a car, a down payment, and make business loans. Here's what I'm doing instead, and how I talk with them about money and wealth. Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy. If the kids need $20 to go to the trampoline park with friends, I'll usually pay. I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.
Persons: George Appling, , Brian, I'm, it's, Rockefeller, they'd Organizations: Service, Harvard Business School, Nissan Pathfinder, Starbucks Locations: Sherwood
The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. Starbucks: 25.2% New CEO Brian Niccol is the reason why Starbucks' stock is on the list. Best Buy: 18.6% The electronics retailer is another rate-cut winner: More people moving means more purchases of appliances and TVs. In fact, the reasons to own Best Buy are underappreciated by investors, JPMorgan analysts said in a note to clients Friday. Like Stanley Black & Decker and Best Buy, Home Depot is a beneficiary of increased housing sector activity.
Persons: , Stanley Black, Decker, Brian Niccol, Eli Lilly, Lilly, there's, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Reserve, Starbucks, Deutsche Bank, GE Healthcare, Novo Nordisk, Abbott Laboratories, Abbott Labs, GE, JPMorgan, CNBC, The New York Stock Exchange, NYSE Global Locations: U.S, China
Chipping away: Shares of Wells Fargo popped around 5% on signs of progress in its multiyear journey to clean up its operations and have its Federal Reserve-mandated asset cap removed. In addition, this news pushes back on the idea that Wells Fargo recently suffered a regulatory setback. 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, Wells, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Micron, Street, Department of Justice, AMD, Starbucks, Chipping, Reserve, Bloomberg News, Fed, Bloomberg, Currency, Club, Costco, Jim Cramer's Charitable Locations: China, Wells
10 things to watch Thursday, Sept. 26 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks.
Persons: Jeff Marks, Jim Cramer, Bernstein, Brian Niccol, that's, Mark Zuckerberg, Jensen Huang, Elliott, Truist, Eaton, Morgan Stanley, Jefferies, Hershey, Jim Cramer's, Jim Organizations: Micron, AMD, Nvidia, Devices, Starbucks, Club, GE Healthcare, UBS, Bank of America, JPMorgan, Meta, Southwest Airlines, Elliott Management, GE, Jefferies, Wells, Jim Cramer's Charitable, CNBC Locations: China
Southwest Airlines — The airline jumped 11% after it raised its third-quarter revenue forecast and authorized $2.5 billion in share buybacks. Starbucks — The coffee chain rose nearly 2% after Bernstein upgraded shares to outperform , citing confidence in the company's new CEO . CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. New York Community Bank — Shares of the regional lender jumped nearly 8% after Barclays upgraded the stock to overweight from equal weight. Accenture — The professional services stock rose nearly 5% on better-than-expected fiscal fourth quarter results.
Persons: Bernstein, Jabil, Goldman Sachs, Goldman, Morgan Stanley, Erik Woodring, , Jesse Pound, Yun Li, Alex Harring, Pia Singh, Hakyung Kim Organizations: Micron Technology, Applied Materials, ASML, Lam Research, Wall Street Journal, Justice Department, Southwest Airlines —, Elliott Investment Management, Starbucks, NRG Energy, GE Healthcare —, UBS, Jefferies, New York Community Bank, Barclays, Bilibili, Accenture Locations: China, Bilibili —
Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch. Micron Technology , chip stocks — Micron shares surged nearly 17% after offering a stronger-than-expected revenue forecast for the fiscal first quarter. Nvidia rose 2%, while U.S.-traded shares of ASML Holding added nearly 5%. Southwest Airlines — The travel stock rose about 5% after Southwest hiked its third-quarter revenue forecast.
Persons: Bernstein, Brian Niccol, Graham Doyle, Bilibili, Goldman Sachs, Jefferies, Elliott, Sonos, Morgan Stanley, Erik Woodring, , Alex Harring, Samantha Subin, Jesse Pound, Sarah Min Organizations: New York Community Bancorp, Barclays, Micron Technology, Micron, Nvidia, ASML, Bank of America, NRG Energy, GE Healthcare Technologies, UBS, Jefferies, Southwest Airlines, Southwest, Elliott Management Locations: U.S, China, Bilibili —, dealmaking
Starbucks: Here's why Bernstein upgraded the stock
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks: Here's why Bernstein upgraded the stockDanilo Gargiulo, senior research analyst at Bernstein, joins CNBC's 'The Exchange' to discuss why the firm upgraded Starbucks, how the coffee chain should navigate China, and more.
Persons: Bernstein, Danilo Gargiulo Locations: China
Watch CNBC’s full interview with Bernstein's Danilo Gargiulo
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bernstein's Danilo GargiuloDanilo Gargiulo, senior research analyst at Bernstein, joins CNBC's 'The Exchange' to discuss why the firm upgraded Starbucks, how the coffee chain should navigate China, and more.
Persons: Bernstein's Danilo Gargiulo Danilo Gargiulo, Bernstein Locations: China
For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."
Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China
The communications services sector has been on an unbelievable tear for nearly two years. Since hitting a low on October 2022, the Communication Services Select Sector (XLC) has nearly doubled, outperforming the S & P 500 in that time. "The smallest sector in the market (by constituents not value) has been one of the most dominant over the past two years," wrote Wolfe Research's Rob Ginsberg. Our sense is that is better for sale here," Ginsberg wrote. Elsewhere on Wall Street this morning, Bernstein upgraded Starbucks to outperform from market perform.
Persons: Wolfe, Rob Ginsberg, Ginsberg, Bernstein, Brian Niccol, Danilo Gargiulo Organizations: Communications, Netflix, Taco Bell Locations: GOOGL
Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.
Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Starbucks shares rose roughly 2% on an analyst upgrade and the stimulus news out of China. 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, Bernstein, Brian Niccol, Jim Cramer's, Jim Organizations: CNBC, Micron, Saudi, Club, Jefferies, GE Healthcare, UBS, GE, Jim Cramer's Charitable Locations: China
The videos from Saudi Arabia’s futuristic urban development project spread quickly across the internet, and almost as quickly started to disappear. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable. NEOM/Cover-Images.com via Reuters fileThe spokesperson said the latest marketing campaign was about Saudi National Day and was shared to LinkedIn last week. On Thursday last week, at least four other Neom-based content creators suddenly went dark, though one account seemed to reactivate later that day. In many ways, according to researchers, Neom is tied to Saudi Arabia’s efforts to reshape its reputation on the global stage.
Persons: Prince Mohammed bin Salman, expats, Neom —, Neom, influencers, Jessica Herman, ” Herman, Ellen Wald, , , ” Wald, TikTok, Hend Aly, Prince Mohammed, ” Aly, Wald, Aly, , Jamal Khashoggi Organizations: Saudi, LinkedIn, , NBC News, Inc, University College London, BBC, Washington Post Locations: Saudi, Neom, Saudi Arabia, United States, Europe
Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal. He was responding to a letter from the Starbucks Workers United bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. Today, Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,500 of its employees.
Persons: Brian Niccol, Niccol, Starbucks baristas, Chipotle Organizations: CNBC, Starbucks Workers United, Starbucks, Workers United, Service Employees International Union, burrito Locations: Lansing , Michigan, Augusta , Maine, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, We're, Jefferies, Brian Niccol, Piper Sandler, Jeff Marks, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, GE Healthcare, Danaher, DuPont, Starbucks Locations: China, DHR
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