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☆ Cramer: The 4 fears that are upsetting the market and what needs to happen next
▼ + stars: | 2023-09-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

Nike, under CEO John Donahoe, continued its total dominance that it had under previous leaders Mark Parker and Phil Knight. I really, really like Starbucks CEO Laxman Narasimhan and we are going to see a very strong executive make decisions now that Howard is gone. Apple weakness just casts a pall over everything. We have had weakness in the banks on fears of more regulation and that's only getting worse. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Let's, John Donahoe, Mark Parker, Phil Knight, It's, Armour, Nike's, Locker, Mary Dillon, Kevin Johnson, Howard Schultz, Schultz, Bob Iger, Robert Chapek —, Johnson, Chapek, Laxman Narasimhan, Howard, Gina Raimondo, Apple —, Stellantis, Joe Biden, Shawn Fain, Safra, Marc Benioff couldn't, LEN, Darden, it's, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Nike, Adidas, Armour, Dick's Sporting, China, Disney, Apple, Micron, Qualcomm, Starbucks, United Auto Workers, Detroit, —, Motors, Chrysler, Ford, walkouts, U.S, UAW, Oracle, Marriott, Booking Holdings, Federal, FedEx, KB, Jim Cramer's Charitable, CNBC, General Motors, Big, Getty Locations: China, Europe, American, United States, Oracle's, Detroit , Michigan

☆ Howard Schultz Steps Down from Starbucks Board
▼ + stars: | 2023-09-13 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, schultz Organizations: howard

☆ Starbucks' former CEO Schultz to retire from board
▼ + stars: | 2023-09-13 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Former Starbucks CEO Howard Schultz speaks during his book tour in Seattle, Washington, U.S., January 31, 2019. In March, Schultz defended himself and the company against allegations of "union busting" at a U.S. Senate committee hearing. Schultz, 70, stepped down as CEO in March after he returned to the helm for the third time. He oversaw a major revamp in technology at Starbucks' stores during his latest stint, doubling down on equipment and employee training to improve service. Other members on the board include Microsoft (MSFT.O) CEO Satya Nadella and former Domino's Pizza (DPZ.N) boss Richard Allison.

Persons: Howard Schultz, Jason Redmond, Schultz, Stephens, Joshua Long, Wei Zhang, Zhang, Satya Nadella, Richard Allison, Deborah Sophia, Sriraj Organizations: Starbucks, REUTERS, U.S, Wall Street, Alibaba, Alibaba Pictures, Microsoft, Thomson Locations: Seattle , Washington , U.S, U.S, Bengaluru

☆ Former Starbucks CEO Howard Schultz steps down from coffee chain's board
▼ + stars: | 2023-09-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 29, 2023 in Washington, DC. Former Starbucks CEO Howard Schultz is stepping down from the coffee chain's board, the company said Wednesday. Schultz previously stepped down from Starbucks' board in June 2018 to prepare for a potential presidential run, before deciding against a bid. Zhang also previously held roles at News Corp China, CNBC China, Bain and General Electric. She is the third woman on Starbucks' nine-person board, which includes chair Mellody Hobson and Land O'Lakes CEO Beth Ford.

Persons: Howard Schultz, Schultz, Laxman Narasimhan, Kevin Johnson, Wei Zhang, Zhang, Alibaba, Bain, Ralph Lauren's, Mellody Hobson, Beth Ford Organizations: Starbucks, Health, Education, Labor, Washington , DC, CNBC, Alibaba Pictures, News Corp China, General, Land Locations: Dirksen, Washington ,, China, U.S, CNBC China

☆ Howard Schultz steps down from Starbucks' board of directors
▼ + stars: | 2023-09-13 | 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 EmailHoward Schultz steps down from Starbucks' board of directorsCNBC's Kate Rogers and Wedbush's Nick Setyan join 'Closing Bell Overtime' with information and insight concerning Former Starbucks CEO Howard Schultz stepping down from the company's board of directors.

Persons: Howard Schultz, CNBC's Kate Rogers, Wedbush's Nick Setyan Organizations: Starbucks

NEW YORK (AP) — Longtime Starbucks leader Howard Schultz is stepping down from the company's board of directors, the coffee chain announced. Schultz is credited for transforming the Seattle-based business into the coffee giant it's known as today. His departure from the board is “part of a planned transition,” the company said Wednesday. In recent months, Starbucks and Schultz also came under fire over allegations that the company violated labor laws amid workers' unionization efforts. The National Labor Relations Board previously charged Starbucks with hundreds of labor law violations, including firing labor organizers and illegally closing unionized stores.

Persons: —, Howard Schultz, Schultz, Laxman Narasimhan, Wei Zhang, Sen, Bernie Sanders Organizations: ”, Starbucks, Alibaba Group, Vermont Independent, Health, Education, Labor, Pensions, National Labor Relations Board Locations: Seattle, China, American, Vermont

☆ Former Starbucks CEO Howard Schultz steps down from board of directors
▼ + stars: | 2023-09-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks announced Wednesday that Howard Schultz is stepping down from its board of directors – but the former chairman’s name will be sticking around. Though Schultz is retiring, Starbucks is giving him the title of “lifelong Chairman Emeritus.”Schultz is stepping down as part of a planned transition, Starbucks said in a statement. He previously stepped down as CEO in March, as employees at stores across the nation moved to unionize. That was Schultz’s third time serving in the CEO role. Then, in April 2022, Johnson stepped down and Schultz took over the coffee giant as interim CEO.

Persons: Howard Schultz, –, Schultz, ” Schultz, Sheri, Wei Zhang, Zhang, Ralph Lauren Corporation, Jack Ma, ”, Laxman Narasimhan, “, Kevin Johnson, Johnson, Narasimhan Organizations: New, New York CNN, Starbucks, Alibaba, Alibaba Pictures, Los Angeles Sports & Entertainment Commission, Amblin Partners, Jack Ma Foundation, Starbucks Workers Locations: New York, China, Oleato

The district is a Democratic stronghold Democratic strategists predict their party will be able to retain. A previous special election in which the Republican candidate lost by a wide margin may be why the GOP hasn’t drained its coffers to try to flip the seat, said Trevor Southerland, House Democratic campaign strategist. Several Democrat-led initiatives, such as whole home repair and broader protections for LGBTQ+ people, were critical pieces of legislation that didn’t move until Democrats reclaimed control of the state House earlier this year, she said. But the Legislature remains politically divided, with a firm Republican majority in the Senate that has sought to advance its own priorities, including school vouchers and constitutional amendments. She previously ran for the state House in 2000 but lost to the Democrat seeking reelection.

Persons: Lindsay Powell, Republican Erin Connolly Autenreith, Sara Innamorato, Trevor Southerland, ”, “ We’re, “, Sam DeMarco, ” Powell, Sen, Chuck Schumer, Hakeem Jeffries, Powell, Josh Shapiro, that’s, Autenreith, it’s, Innamorato, Joseph Rockey, John Galloway, ___ Brooke Schultz Organizations: Pennsylvania, Republican, Democratic, House Democratic, Republicans, U.S . Rep, New York Democrats, Pittsburgh, Democrat, Democrats, Gov, Senate, Capitol, Republican Party, Associated Press, America Statehouse News Initiative, America Locations: HARRISBURG, Pa, Pittsburgh, Allegheny County, Harrisburg, McKees, Shaler, Bucks County

☆ NFL week 1: Everything you need to know
▼ + stars: | 2023-09-10 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Bengals @ BrownsAn Ohio derby on the opening weekend of the new season is a treat for all NFL fans, especially with expectations for both teams so high. The Dallas Cowboys and the New York Giants have had many battles for the ages over the years and is one of the most heated rivalries across the league. Dalton Schultz of the Dallas Cowboys scores a touchdown during the second half against the New York Giants at AT&T Stadium on November 24, 2022 in Arlington, Texas. Bills @ JetsArguably the game of the first week is its final one, with the Buffalo Bills traveling to face the New York Jets. Mosley of the New York Jets defends in the fourth quarter at Highmark Stadium on December 11, 2022.

Persons: Joe Burrow, Burrow, Ja’Marr Chase, Zac Taylor, Dylan Buell, Deshaun Watson, Watson, Kevin Stefanski, David Eulitt, Ezekiel Elliott, Kellen Moore, Mike McCarthy, Dalton Schultz, Wesley Hitt, Dak, Brian Daboll’s, Daniel Jones, Saquon Barkley, Darren Waller, Josh Allen, Stefon Diggs, Von Miller, Damar Hamlin, Dawson Knox, Mosley, Joshua Bessex, Aaron Rodgers, – Sauce Gardner, Breece, Garrett Wilson –, Rodgers, C.J, D.J, Reed Organizations: CNN, Kansas City Chiefs, Detroit Lions, NFL, Detroit, ESPN, FOX, NBC, CBS, Dallas Cowboys, New York Giants, Buffalo Bills, New York Jets, Bengals, Browns, Cincinnati Bengals, Super, AFC Championship, Getty, Cleveland Browns, AFC North, Cowboys, Giants NFL, Los Angeles Chargers, AT, Giants, Bills, Jets, Green Bay, Sunday Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington, Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, @ @ @ @ @ @ @ @ @ @ @ @ @ @ Locations: United States, DAZN, Browns An Ohio, Arlington , Texas, Prescott, Texas, Green

The rivalry game between Iowa and Iowa State always ratchets up the intensity of both fan bases every year, even if the two programs are unranked as they are this season. Five Iowa State players who were projected to be starters before the season are suspended. Other football players are suspended as the two schools head into their 70th overall meeting in a series that began in 1894. Iowa State quarterback Hunter Dekkers, running back Jirehl Brock, offensive lineman Jacob Remsburg, tight end DeShawn Hanika and defensive lineman Isaiah Lee were charged. Both teams won their openers last week, and the absences of the suspended players did not appear to make an impact.

Persons: Ames, Donald Trump, “, Kirk Ferentz, ”, Tom Stawniak, Stawniak, Max Urick, ” Stawniak, Garrett Yager, You’ve, Hunter Dekkers, Jirehl Brock, Jacob Remsburg, Isaiah Lee, Noah Shannon, Michele Wiggins, ” Wiggins, there’s, Schultz, John Albeck, Nick Allman, they're, John Bohnenkamp Organizations: Iowa State, Five Iowa State, NCAA, Hawkeyes, ” Iowa’s, Criminal Investigations, Iowa, Cyclones, Associated Press, AP Locations: Iowa, ” Iowa, Urbandale , Iowa, Bellevue , Nebraska, Omaha , Nebraska, Omaha, Iowa City

☆ Ex-Starbucks CEO Howard Schultz admits he once shunned the Frappuccino
▼ + stars: | 2023-09-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Former Starbucks CEO Howard Schultz was initially opposed to introducing the Frappuccino. But early on, it had a notable critic: then-CEO Howard Schultz. "I think Frappuccino is a great example of Howard Schultz being 100% incorrect, wrong and on the wrong side of the debate," Schultz said in the interview. Former Starbucks CEO Howard Schultz says he initially opposed introducing the blended coffee drink. AdvertisementAdvertisement"It turned out that Frappuccino became a multibillion-dollar business for Starbucks," Schultz told Bensinger.

Persons: Howard Schultz, Schultz, wouldn't, Graham Bensinger, Abby Wallace, Dina Campion, Campion, George Howell, Schultz wasn't, Bensinger, Frappuccinos, Alex Tai, Frappuccino Organizations: Starbucks, Service, Southern California Starbucks, Beverage, Getty Images Locations: Wall, Silicon, Southern California, Canada, Shanghai

☆ U.S. health officials want to loosen marijuana restrictions. Here's what it means
▼ + stars: | 2023-08-31 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

Jeenah Moon | Bloomberg | Getty ImagesThis week, the Department of Health and Human Services asked the Drug Enforcement Agency to consider easing restrictions on marijuana upon a review of its classification under the Controlled Substances Act. It could be a significant catalyst for an industry hemmed in by federal regulations even as legalization picks up on the state level. Marijuana is legal in 39 states medically and 23 states recreationally. If marijuana moves down to a Schedule III substance, this will effectively ease a number of restrictions holding the sector back. While many states have legal markets within their borders, transporting Schedule I substances across state lines in illegal, resulting in a glut of marijuana in some states.

Persons: What's, Roth, Scott Fortune, Fortune, Jeff Schultz, Foley Hoag Organizations: ACB, Housing, Cannabis Co, Bloomberg, Getty, Department of Health, Human Services, Drug Enforcement Agency, Aurora, Tilray Brands, DEA, Marijuana, HHS, Regulators, Internal Revenue Locations: New York

☆ AI is killing the grand bargain at the heart of the web. 'We're in a different world.'
▼ + stars: | 2023-08-30 | by ( Kali Hays | Alistair Barr | ) www.businessinsider.com time to read: +14 min

AdvertisementAdvertisementAI is undermining the web's grand bargain, and a decades-old handshake agreement is the only thing standing in the way. Now, though, generative AI and large language models are changing the mission of web crawlers radically and rapidly. Without a supply of potential consumers, there's little incentive for content creators to let web crawlers continue to suck up free data online. It's also open to manipulation, especially given the voracious appetite for quality AI data. Because robots.txt is voluntary, web crawlers can also simply ignore the blocking instructions and siphon the information from a site anyway.

Persons: Microsoft's Bing, Joost de Valk, It's, de Valk, Nick Vincent, Valk, OpenAI, robots.txt, Jason Schultz, Catherine Stihler, Archie, NYU's Schultz, Steven Sinofsky, who's, Andreessen Horowitz, De Valk, Stihler Organizations: Big Tech, Google, Wordpress, NYU's Technology, Policy Clinic, AWS, Creative Commons, Creative, Microsoft, Nvidia, Star Wars, DC Comics, Warner Brothers, Marvel, Disney, Atlantic, Meta Locations: CCBot, EleutherAI

☆ A former Obama aide who advised Succession writers on their chaotic presidential election outcome hopes 'that ultimately, life does not imitate art'
▼ + stars: | 2023-08-29 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Schultz wrote about how he helped craft the show's fictional presidential election. A former Obama White House aide who worked with writers on crafting the chaotic end to the show's fictional presidential election expressed hope that the brief chapter in the Roys' saga doesn't become real life. "With Succession, I can only hope we didn't predict the future and that, ultimately, life does not imitate art." Roman Roy, played by Kieran Culkin, teases his sister Shiv by saying "False Flag" repeatedly when she raises the possibility of a pro-Mencken plot. AdvertisementAdvertisement"So much for my political expertise," Schultz wrote of how he dismissed concerns about arson in actual political circles.

Persons: Eric Schultz, Schultz, doesn't, fixating, Eric Shultz, Jeryd Mencken, Kendall, Roman Roy, Jesse Armstrong, Armstrong, Darwin Perry, Adam Godley, Kieran Culkin, Shiv, Mencken, Politico's Zach Montellaro, Donald Trump, Mike Pence Organizations: HBO's, Service, Obama White House, White, Hollywood, HBO, Republican, ATN, Democratic, Electoral College Locations: Wall, Silicon, Milwaukee

☆ Why do we say tall instead of small? How Starbucks created its own language for ordering coffee
▼ + stars: | 2023-08-27 | by ( Ellie Stevens | ) edition.cnn.com time to read: +5 min

When Starbucks was first founded in 1971, customers would walk in and ask for coffee beans: no modifications or refreshers. The shop featured a menu with the “Starbucks language” customers are familiar with today, including drinks such as espressos and lattes. Short and tall are other terms associated with the Italian coffee bar concept, used to describe the size of the drink. However, not everyone has embraced the Starbucks language. “I refuse to use Starbucks sizing.

Persons: Charles Lindsey, ” Lindsey, Howard Schultz, ”, Megan Adams, Schultz, Il Giornale, Giornale, Lindsey, “, Adams Organizations: New, New York CNN, Starbucks, University at Buffalo Locations: New York, Italy, United States, Iowa

☆ World Cup in pictures: Spain defeat Sweden to reach finals
▼ + stars: | 2023-08-15 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Looking back on the presidency of Donald Trump, who was indicted for a fourth time in nearly five months on Monday. Georgia state prosecutors allege he and 18 co-defendants conspired to illegally change the results of the 2020 election, which he lost to Joe Biden.

Persons: Donald Trump, Joe Biden Locations: . Georgia

☆ DeSantis said he's 'basically moved on' from the Disney feud — and now wants Bob Iger to drop the lawsuit against Florida that legal experts say the company could win
▼ + stars: | 2023-08-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Ron DeSantis told CNBC he and his allies would like to move on from the Disney feud. DeSantis said he would tell Disney CEO Bob Iger to drop the lawsuit, and that they can't win it. I'm totally fine with that," DeSantis told CNBC. When asked what he would tell Disney CEO Bob Iger today, DeSantis said he would tell him to "drop the lawsuit." The Walt Disney Company and DeSantis's office did not immediately respond to Insider's request for comment.

Persons: Ron DeSantis, DeSantis, Bob Iger, Disney —, They're, Sindhu Sundar, that's, David Schultz, it's Organizations: Florida Gov, CNBC, Disney, Service, Gov, Florida, University of Minnesota, Walt Disney Company Locations: Florida, Wall, Silicon

☆ Corn dogs, cattle and candidates: GOP hopefuls visit the Iowa State Fair
▼ + stars: | 2023-08-14 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Neighborhoods and businesses were razed across the western side of the U.S. island as the wildfires cut off most roads out of Lahaina. The town is one of Maui's prime attractions, drawing 2 million tourists to the island each year, or about 80 percent of its visitors.

Locations: U.S, Lahaina .

☆ These millennials gave up traveling full-time and bought a 1970s cabin for $83,000. They spent a year renovating it into their light-filled, colorful dream home — see inside.
▼ + stars: | 2023-08-12 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: 1 min

They drove through all of the US and parts of Canada for nearly three years, including through the pandemic. La Push Beach, Washington. Erich Schultz/500px/Getty ImagesLa Push Beach on the Washington coast is Ginther's favorite place the couple visited. They wanted to buy a home in the Pacific Northwest, but couldn't find one in their price range.

Persons: Erich Schultz Locations: Canada, , Washington, Washington, Pacific

☆ Putin playground statue targeted by kids
▼ + stars: | 2023-08-11 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Wildfires fanned by winds of a distant hurricane are devastating much of Hawaii's Maui island, forcing thousands to evacuate as some people fled into the ocean to escape the smoke and flames.

Locations: Hawaii's Maui

☆ 'Apocalypse' in paradise: Wildfires leave Hawaiian resort town of Lahaina devastated
▼ + stars: | 2023-08-11 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Locations: U.S, Lahaina .

☆ World Cup in pictures: Sweden stun Japan, Spain through over Netherlands
▼ + stars: | 2023-08-11 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

South Korea evacuated the majority of teenage scouts from their campsite ahead of an approaching typhoon, the latest disruption to the World Scout Jamboree which has been marred by illness and criticism of its organization and facilities.

Locations: Korea

☆ Wind-driven wildfires devastate Hawaiian island of Maui
▼ + stars: | 2023-08-09 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A charred boat lies in the scorched waterfront after wildfires fanned by the winds of a distant hurricane devastated Maui's city of Lahaina, Hawaii, U.S. August 9, 2023. Mason Jarvi/Handout via REUTERS NO RESALES. MANDATORY CREDIT....moreA charred boat lies in the scorched waterfront after wildfires fanned by the winds of a distant hurricane devastated Maui's city of Lahaina, Hawaii, U.S. August 9, 2023. Mason Jarvi/Handout via REUTERS NO RESALES. MANDATORY CREDIT.

Persons: Mason Jarvi Locations: Maui's, Lahaina , Hawaii, U.S, Handout

☆ Norwegian dam collapses after days of heavy rain
▼ + stars: | 2023-08-09 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room...moreA view shows the Braskereidfoss power plant as water flows over after a lock, in Braskereidfoss, Norway, August 9. The Braskereidfoss power dam on the Glomma River, Norway's biggest waterway, had been unable to open its hatches after its control room flooded. Water appeared to be flowing through it in a controlled manner following the breach, utility Hafslund said in a statement. NTB/Cornelius PoppeClose

Persons: Hafslund, NTB, Cornelius Poppe Locations: Braskereidfoss, Norway

☆ South Africa's one-week taxi strike turns deadly
▼ + stars: | 2023-08-09 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Trump faces federal charges that he orchestrated a plot to try to overturn his 2020 election loss in what U.S. prosecutors call an unprecedented effort by the then-president to undermine the pillars of American democracy.

Organizations: Trump, U.S

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