Starbucks' biggest workers union on Tuesday went forward to authorize a nationwide strike.It said that the coffee chain had not settled hundreds of unfair labor practice cases.Starbucks said that the union considering a strike was "disappointing."Starbucks Workers United, the coffee chain's largest union, said workers have authorized a nationwide strike.Advertisement The union, which represents more than 10,000 baristas, said in statements on Tuesday that 98% of its member baristas had voted to strike. The ...

Starbucks (SBUX) closed the most recent trading day at $92.09, moving -1.11% from the previous trading session. This change lagged the S&P 500's 0.39% loss on the day. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq depreciated by 0.32%.Prior to today's trading, shares of the coffee chain had lost 7.25% over the past month. This has lagged the Retail-Wholesale sector's gain of 7.99% and the S&P 500's gain of 3.6% in that time.Market participants will be closely following the financi ...

A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the coffee giant.Bargaining delegates are set to return to negotiations with Starbucks on Tuesday in the last scheduled session of the ye ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Starbucks (SBUX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Starbucks currently has an average broker ...

U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 surging to fresh highs during the shortened trading session. The Dow gained 1.4% last week, while the S&P 500 gained 1.1% on the week.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about whic ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Starbucks is slashing its corporate employees’ holiday bonuses by 40% as the coffee giant has suffered its worst year since it got slammed by the pandemic in 2020, according to a report.The wimpy bonuses – which are usually paid in December – reflect Starbucks’ struggle in the fast-food industry as cash-strapped customers cut back on pricey lattes and frappucinos due to menu price hikes.The Seattle-based company, in particular, has seen sales slump as problems have persisted across its chains, like extremel ...

With a 15% year-over-year growth in footprint and resilient comparable sales, Dutch Bros (NYSE: BROS ) is proving that it is much more than a fad. It is truly gettingI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage span ...

Several analysts have slashed their estimates for Starbucks Corporation (SBUX) after the leading roaster and retailer of specialty coffee suspended its financial guidance for fiscal 2025. This unexpected move has sparked widespread concerns among investors and analysts, casting uncertainty over the company’s near-term performance.The global coffee giant has suspended the fiscal 2025 guidance by citing a need for a thorough business reassessment amid the ongoing leadership transition. CEO Brian Niccol emphas ...

The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024.A ransomware attack on one of Starbucks' software vendors has disrupted how the coffee chain's baristas view and manage their schedules, the company said on Monday.Starbucks said it's working closely with the vendor to resolve the issue. The company did not disclose the name of the third party.The outage affects Starbucks' employee platform that shows baristas their schedules and allows the company to track how many hours empl ...