Will Unions Batter Starbucks Profits? Photo by Tim Boyle / Getty Images After years of anger and ugly relationships between unions wanting to organize workers in U.S. stores and Starbucks Corp. (NASDAQ: SBUX) management, the two have decided to sit at the bargaining table. If other recent union negotiations, like those between Detroit’s automakers and the UAW, are any indication, the costs of hourly wages at Starbucks will soar.It isn’t hard to make a strong case that Starbucks underpays workers. That is ...

Is a Tesla Stock Split Next After Today's Surge? Maja Hitij / Getty Images News via Getty Images If there was any question Tesla (Nasdaq: TSLA) was back in the good graces of Wall Street, those were erased after today’s 12% gain in the stock price. Tesla shares reclaimed some of the ground lost this year amid a challenging EV landscape, placing the $200 level within striking distance once again. While the stock remains a far cry from its 52-week high of $300, Tesla has momentum on its side now. By the siz ...

Ford Stock Hammered by Competitors gopixa / iStock Editorial via Getty Images The figures are straightforward. Over the past two years, Ford Motor Co. (NYSE: F) shares have gone down 14%. Meanwhile, shares of General Motors Co. (NYSE: GM) have risen 13%, the S&P 500 is up 19%, and Toyota Motor Corp. (NYSE: TM) stock has increased 36%.What Went Wrong?Source: jetcityimage / iStock Editorial via Getty ImagesAmong all the major car companies, Ford has been the worst at balancing the rise of electric vehicles ...

These Magnificent Seven Stocks Pulled the Stock Market Higher Today KarbonatErol / Shutterstock.com What a difference a week makes. The bulls took control today as the magnificent seven tech stocks rallied and all three of the major indices ended in the green amid an eventful earnings week. The Dow Jones Industrial Average tacked on over 260 points, while the Nasdaq and S&P 500 each advanced by over 1%, extending Monday’s gains. Tech stocks rebounded after last week’s debacle in which they suffered their ...

GM Deals More Pickups, Sending Its Stock Higher Bill Pugliano / Getty Images News via Getty Images General Motors (NYSE: GM) is making a splash in the markets today after reporting better-than-expected first quarter earnings. GM, which beat on both the top and bottom lines, is being rewarded with a nearly 5% gain on the day, thrusting the stock to above $45 and within inches of its 52-week high.  GM experienced several pockets of strength last quarter. The automaker saw rising U.S. demand for its popular ...

Goldman Sachs Has 6 Dividend Blue Chips on Its Conviction List of Top Stocks Chris Hondros / Getty Images The artificial intelligence rally over the last year and a half, led by the so-called Magnificent 7, has been remarkable if you owned those stocks. However, most of the S&P 500 is treading water and will not likely catch up to the hype-driven AI stocks soon.One thing remains certain: with storm clouds gathering on the horizon and the risk of an escalating conflict in the Middle East, many Wall Street ...

China iPhone Sales Collapse Nearly 20% 2023 Getty Images / Getty Images News via Getty Images In yet another sign that Apple Inc. (NASDAQ: AAPL) iPhone sales and earnings are in deep trouble, Bloomberg posted an exclusive article stating that iPhone sales in China dropped 19% in the first quarter, the worst quarter since 2020.“The iPhone weakness is remarkable in part because the first quarter, when China celebrates the Lunar New Year, is traditionally a period of heightened consumption,” the news service ...

Why Tesla's Rival Li Auto Is Crashing Today Mario Tama / Getty Images News via Getty Images While all eyes have been on Tesla’s (Nasdaq: TSLA) electric vehicle (EV) cost-cutting measures, Beijing rival Li Auto (Nasdaq: LI) got swept up in the selling pressure too, with shares down 8.5% at their lowest point today. While the stock has come off its lows of the session, it remains below the $25 threshold as investors prove they’ve got their eyes on the exit sign. In early April, LI shares were hovering near ...

Forget Bitcoin, Buy This AI Stock Instead MicroStockHub / iStock via Getty Images In recent years, Bitcoin’s (BTC) allure has become undeniable. You can hardly talk about investing without mentioning It. It’s captured both headlines and imaginations, promising to usher in a revolution of change in finance. However, for investors seeking a more stable path to long-term wealth, the reality of Bitcoin’s high volatility and limited real-world applications can be a sobering truth. Instead, we propose a differe ...

With TikTok in Danger, Meta Shares Could Jump Povozniuk / iStock via Getty Images Congress is voting on a TikTok ban. Chinese parent ByteDance has been accused of using the app to spy on Americans and their habits. ByteDance will sue, and the ban may only take effect well into the future if it loses that suit. TikTok has at least 170 million users in the United States. If it is pushed out of the market, the biggest winner is Meta Platforms Inc.(NASDAQ: META), parent of Facebook and Instagram. The latter i ...