Starbucks Shares Slide

Starbucks Shares Drop After Dismal Preliminary Quarterly Earnings

“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.

Business - The New York Times - October 23

Starbucks boss shakes up menu to win back customers

The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecks

Starbucks turns to Sharpies and price freeze to stem traffic slide

New CEO Brian Niccol pledges to simplify ‘overly complex’ menu and return to its coffee house roots

Business - Financial Times - October 30

Uber shares slide on slowing bookings growth

Forecast for customer spending on ride-hailing app fell slightly short of Wall Street’s estimates

Business - Financial Times - October 31

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 31

Philips shares slide as company blames China for lowered sales outlook

Shares of Philips slumped on Monday as the Dutch healthcare devices company lowered its sales outlook for the year.

Business - MarketWatch - October 28

Adyen shares slide as payments giant's transaction volume growth slows

Adyen shares sank Thursday after the company reported a slowdown in the growth of its transaction volumes in the third quarter.

Business - CNBC - November 7

After Trump victory, ‘DJT’ shares resume rally while Phunware slides

In a post on Truth Media, Donald Trump said he has no intention of selling his shares in the social-media platform.

Business - MarketWatch - November 8

Alphabet shares slide 4% following DOJ push for Google to divest Chrome

Alphabet shares fell after the Department of Justice proposed that Google divest its Chrome browser to end its search monopoly.

Business - CNBC - 19 minutes ago

Starbucks’ latest financials sink shares, as CEO says it’s ‘harder to be a customer than it should be’

Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, saying its turnaround efforts “will take time” as its new chief executive ...

Business - MarketWatch - October 23

Jim Cramer identifies an interesting buy level for our worst performing Big Tech stock this year

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Business - CNBC - October 31

Starbucks Is Bringing Back the Condiment Bar

Coffee chain’s CEO calls for decisive steps including a pledge not to raise U.S. prices over the next year.

Business - The Wall Street Journal - October 30

The story of the Nintendo Switch in 15 slides

Nintendo's executives gave a slide show that told the state of the Nintendo Switch game console.

Tech - VentureBeat - November 7

Starbucks Suspends Guidance as Sales Slump Persists

The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in premarket trading.

Business - The Wall Street Journal - October 23

Starbucks Baristas Demand Change from New CEO

Starbucks baristas hope to see their complaints taken seriously with new leadership at the helm.

Business - Inc. - October 23

Starbucks’s CEO Steps In to Tackle Long List of Issues

Customers are turning away from the coffee giant, and its new chief executive, Brian Niccol, has to figure out how to get them back.

Business - The New York Times - October 30

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter

Investors are expecting that Niccol will share more details about his turnaround strategy during the company's conference call, scheduled for 5 p.m. ET.

Business - CNBC - October 30

Starbucks Is Finally Fixing Its Founder’s Worst Mistake

The coffee chain bet big on a weird idea that no one but the founder wanted.

Business - Inc. - October 30

Starbucks will stop charging extra for dairy alternatives

The change to Starbucks' policy could save some U.S. customers more than 10% on their drinks.

Business - CNBC - October 30

‘Insider Threats’ to the Election, and Starbucks’ 4-Minute Goal

Plus, the Harris campaign sidelines Biden

Top stories - The New York Times - October 31

Starbucks app goes down, customers complain

The app crashed the same day Starbucks introduced its holiday menu, preventing customers from placing mobile orders.

Ohtani hurts shoulder in G2, set for more testing

Shohei Ohtani suffered a shoulder injury while sliding into second base on a steal attempt. Dodgers manager Dave Roberts said the superstar had a minor dislocation and would undergo further testing.

Sports - ESPN - October 27

Winston injects life into Browns to help end slide

Jameis Winston, making his first start since 2022, helped end the Browns' losing streak by injecting life into an offense that had been one of the NFL's worst.

Sports - ESPN - October 27

Third of world's tree species slide towards extinction, say scientists

Scientists have revealed that more than a third of tree species are facing extinction.

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - October 30

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory

World - Financial Times - October 31

On Election Day, Trump-linked Phunware’s stock slides

Phunware shares are down 3% as America heads to the polls.

Business - MarketWatch - November 5

Spectrum Brands’ stock slides as profit lags estimates

“Challenging economic and geopolitical conditions” are impacting consumer demand, according to its CEO.

Business - MarketWatch - 6 days ago

Boise State moves into bye slot in CFP rankings

Boise State, which pulled away from San Jose State on Saturday, moved ahead of BYU in the rankings released by the College Football Playoff selection committee Tuesday, putting the Broncos in ...

Sports - ESPN - Yesterday

Starbucks faces ‘challenging road ahead’ with no ‘quick fix,’ says Oppenheimer

Analysts are focused on the challenges that the company’s new CEO is facing.