Starbucks (SBUX) closed the latest trading day at $87.44, indicating a -0.6% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.98%.The the stock of coffee chain has fallen by 14.18% in the past month, lagging the Retail-Wholesale sector's gain of 3.93% and the S&P 500's gain of 0.34%.The investment community will be paying close attention to the earnings performa ...

Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday.The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added locations in New Jersey, New York, Philadelphia and St. Louis, Workers United said in a statement. It did not specify in what New Jersey city the walkout was occurring.Starbucks said the disruptions from the strike have no signifi ...

At the time of this writing, Starbucks (SBUX -0.89%) has tumbled a painful 8.7% over the past week -- likely due to soaring Arabica coffee bean prices and a broader market sell-off.Starbucks is down year to date despite gains in the broader indexes, but the company could be turning the corner. Here are five reasons why Starbucks is a quality dividend stock worth buying in 2025. 1. A recovery is well underwayOn Aug. 13, Starbucks stock gained almost 25% in response to news that Brian Niccol would take over a ...

Starbucks is responding as some of its union workers took to picket lines Friday after Starbucks Workers United (SBWU) baristas voted to authorize a strike earlier this week.According to the coffee chain, the union is seeking pay hikes that are “not sustainable.”“Workers United proposals call for an immediate increase in the minimum wage of hourly partners by 64% and by 77% over the life of a three-year contract,” Starbucks said in a statement. “This is not sustainable.”According to Starbucks, the average p ...

Key TakeawaysUnionized Starbucks baristas in Chicago, Los Angeles, and Seattle have gone on strike in a pay dispute with the giant coffee retailer.Starbucks Workers United said the walkouts would expand throughout the country and run until Christmas Eve.The company argued the union has made unrealistic demands, and said the strike has had little impact on its operations. Starbucks' (SBUX) unionized baristas in Chicago, Los Angeles, and Seattle have walked off the job in a pay dispute, with the union represe ...

ToplineStarbucks baristas at about 15 locations in Los Angeles, Chicago and Seattle walked off the job Friday morning in a holiday strike they say will spread to hundreds of stores by Christmas Eve next Tuesday unless the company ups its wage offer in contract negotiations that have been ongoing for the better part of the year.A Starbucks store with union signs in Brookline, Mass. Boston Globe via Getty Images Key FactsStarbucks Workers United, which represents about 12,000 baristas at 530 company-owned sto ...

Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023.Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on Friday.The strikes will escalate each day, covering new markets, as Starbucks Workers United pushes for better pay for baristas. Starbucks is "backtracking on our promised path forward," the union said in a post on X announ ...

Starbucks' largest workers' union announced that it would strike in three major cities on Friday.The Starbucks Workers United union said that stores in Los Angeles, Chicago, and Seattle would participate.The union said it was protesting Starbucks' unfair labor practices and low wages.Starbucks' largest workers union announced that it would go on strike in Los Angeles, Chicago, and Seattle, where it is headquartered, just days ahead of Christmas.Advertisement On Wednesday, the union told BI that it would st ...

Starbucks CEO Brian Niccol has talked about improving conditions for baristas.A potential strike at some Starbucks stores represents a test on that front for the new CEO.Niccol has made some operational changes, but Starbucks Workers United wants better pay.Starbucks CEO Brian Niccol has talked about improving working conditions for the company's baristas.Advertisement Now, as thousands of them prepare for a potential strike, Niccol faces a test of that commitment.Baristas who are part of Starbucks Workers ...

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