Starbucks’s New Ceo

Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.

Business - MarketWatch - 12 hours ago

OpenAI CEO Sam Altman says new AI model is taking a while because 'we can't ship' as quickly as hoped

OpenAI CEO Sam Altman said that GPT-5, the company's next probable large AI model, likely won't come this year.

Business - CNBC - 8 hours ago

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 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 - Yesterday

Starbucks scraps 2025 guidance after fall in sales and earnings

New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth

Business - Financial Times - October 22

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 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. - Yesterday

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 - Yesterday

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

Plus, the Harris campaign sidelines Biden

Top stories - The New York Times - 16 hours ago

Masimo Terminates Founder Kiani as CEO

Medical-device maker said Joe Kiani, who previously informed the board of his decision to resign as chief executive, has been terminated by the company, following a review by outside counsel.

Business - The Wall Street Journal - 2 days ago

Starbucks taps former Chipotle executive as global chief brand officer

In his first week on the job, CEO Brian Niccol said improving the company's branding was one of his four priorities to turn around the U.S. business.

Business - CNBC - October 18

Starbucks shares slide after coffee chain says sales fell again, suspends outlook

The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North American stores.

Business - CNBC - October 23

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.

Business - MarketWatch - October 23

China’s largest coffee chain plans to take on Starbucks in US

Luckin Coffee’s expansion into rival’s home market comes five years after company was delisted from Nasdaq and fined

Business - Financial Times - 3 days ago

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 - 9 hours ago

Starbucks tells corporate workers to return to office or risk being fired

Internal note reportedly warns ‘accountability process’ will start next January for company’s hybrid work requirements. Starbucks office workers will risk losing their jobs if they fail to comply ...

World - The Guardian - 2 days ago

Starbucks Tells Workers to Return to the Office or Risk Getting Fired

The coffee chain has expected office employees to come in three days a week. Now it is tightening enforcement.