Markets

Dow gains 163 points following Fed meeting, Big Tech testimony

US stocks rose Wednesday following a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. The Federal Reserve held interest rates near zero, and again pledged to do whatever it takes to aid the US economy in recovery from the pandemic recession. Starbucks […]
Dow gains 163 points following Fed meeting, Big Tech testimony
Markets

US stocks rise ahead of Fed meeting, Big Tech testimony

US stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. Starbucks and AMD shares climbed after earnings releases. Boeing and General Motors shares also ticked up after earnings reports. Later this week, Apple, Amazon, and Alphabet are […]
US stocks rise ahead of Fed meeting, Big Tech testimony
Markets

Millennials are buying up shares of Starbucks

Millennials are buying Starbucks shares even as some on Wall Street have begun to sour on the coffee giant. Data from Robinhood, a free trading app popular amongst millennials, shows Starbucks is becoming more popular with its users. Watch Starbucks trade in real time here. Starbucks hasn’t had a great […]
Millennials are buying up shares of Starbucks
Markets

Starbucks sales are ‘clearly decelerating’

Starbucks cut its sales-growth forecast on Wednesday to 1% from 3%. Shares plunged 8% on the news. Morgan Stanley downgraded the stock, slashing its price target to $US59 from $US72. Follow Starbucks’ stock price in real-time here. Starbucks on Tuesday lowered its third-quarter same-store-sales growth forecast to 1% from its […]
Starbucks sales are ‘clearly decelerating’
Markets

Wall Street is shrugging off Howard Schultz’s departure from Starbucks

StarbucksChairman Howard Schultz announced he is stepping down. Starbucks investors and analysts seem to be saying two opposing things. Shares are down more than 2% on the news. But analysts are largely bullish. Watch Starbucks trade in real time here. Investors and analysts are taking divergent paths on Starbucks after […]
Wall Street is shrugging off Howard Schultz’s departure from Starbucks
Markets

Starbucks is sliding after Howard Schultz steps down as chairman

Starbucks is sliding in after-hours trading on Monday after Howard Schultz stepped down as chairman. It’s rumoured Schultz may run for President in 2020, but he says that’s not necessarily the case. Watch Starbucks trade in real time here. Starbucks shares are sliding in after-hours trading Monday, down 1.28%, after […]
Starbucks is sliding after Howard Schultz steps down as chairman
Markets

Starbucks is ‘still a star’ when it comes to coffee

More than half of Starbucks customers surveyed by UBS say they would find another Starbucks if their local store were to close. The bank says Starbucks is “still a star” when it comes to US coffee, and can return to healthy same-store sales levels this year. Caffeine addicts aren’t showing […]
Starbucks is ‘still a star’ when it comes to coffee
Markets

Starbucks founder: ‘I don’t believe that bitcoin is going to be a currency today or in the future’

Starbucks reported earnings that beat Wall Street’s per-share expectations on Friday, but missed on revenue targets. On a conference call following earnings, former CEO Howard Schultz said he was optimistic about blockchain and cryptocurrencies – but not bitcoin. Starbucks founder and former longtime CEO Howard Schultz remains unconvinced about bitcoin […]
Starbucks founder: ‘I don’t believe that bitcoin is going to be a currency today or in the future’
Markets

What to expect from Starbucks’ earnings report

Starbucks will report its earnings for the first quarter after the bell Thursday. Analysts expect the coffee chain to report earnings of $US0.57 per share on revenues of $US6.204 billion. Coffee giant Starbucks will report its first quarter earnings after markets close Thursday. Wall Street analysts expect the company to […]
What to expect from Starbucks’ earnings report
Markets

Millennials are loading up on Starbucks stock ahead of its earnings report

Millennials are buying shares of Starbucks six times faster than they’re selling on the trading app StockPile. The coffee giant will report earnings after the closing bell Thursday. Millennials famously love their coffee. They also love buying stock in the US’ largest coffee chain, data from investing app Stockpile show. […]
Millennials are loading up on Starbucks stock ahead of its earnings report
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