Starbucks shares sink 12% after chain said it will underperform in 2024
Javanese giant Starbucks is starting to feel the pinch as inflation-battered caffeine addicts turn to lower-priced drinks like Bento Triple Soy Lattes. Starbucks CEO Laxman Narasimhan cited inflationary pressures faced by customers as a factor in the company’s lackluster quarterly results. “Many customers are becoming more demanding in this environment. Especially when it comes to […]
Foxtrot employee forced to kick customers out of store as cafe chain abruptly closes all locations, laying off hundreds on a 2-hour notice
Two weeks’ notice? What if I give you 2 hours’ notice? Two blind Foxtrot Market employees captured the moment they and hundreds of other employees at the popular cafe chain found themselves out of work after the company’s bankruptcy was revealed on Tuesday. “So I just found out that our store will be closing at […]
Ex-Glosslab investor ‘no longer associated’ with nail salon chain
A leading investor in Gloss Lab says he is “no longer involved” with the struggling nail salon, the Post reported, even as store closures continue across the Big Apple. . The New York-based company is collapsing after wild overexpansion backed by high-profile investors including Olivia Culpo, former Tinder chief executive Sean Rudd and The Chainsmokers. […]
Congo questions Apple over knowledge of conflict minerals in its supply chain
The Congolese government is questioning Apple about the tech company’s knowledge of “blood minerals” from conflict zones in Africa that could be smuggled into its supply chain, and is seeking answers within three weeks. A group of international lawyers representing Congo said Thursday that it sent a letter this week to Apple’s CEO Tim Cook […]
Former Wisconsin gas station chain owner Tony Wied expected to announce run for Gallagher’s seat
Former Wisconsin gas station chain owner Tony Weed plans to announce his candidacy for Rep. Mike Gallagher’s (R-Wis.) seat on Monday, two sources told The Hill. told. Weed, who previously owned six Dino Stop gas stations and convenience stores, is expected to announce his candidacy for Wisconsin’s 8th Congressional District, which covers the northeastern corner […]
99 Cents Only dollar store chain closing all locations nationwide
Check out what’s being clicked on FoxBusiness.com One of the country’s major dollar store chains has closed most of its stores due to a financial crisis. 99 Cents Only stores will begin closing hundreds of stores starting Friday as the company moves toward complete liquidation. “99 Cents Only Stores, in collaboration with its financial and […]
Taiwan earthquake may impact chip supply chain
Gordon Chan, a senior fellow at the Gatestone Institute, analyzes the impact of Biden’s counterproductive foreign policy on US diplomacy. The strongest earthquake to hit Taiwan in at least 25 years is likely to cause temporary disruption. semiconductor supply chain and related technology products will be sold as manufacturers resume normal operations after the earthquake. […]
Biden’s Emissions Rule For Trucks Could Crush Small Companies And Jack Up Costs, Truckers And Supply Chain Experts Say
The Biden administration’s latest climate rule for heavy-duty vehicles could seriously harm smaller and independent trucking companies, disrupt supply chains and drive prices up, experts on the trucking industry and supply chain management told the Daily Caller News Foundation. The Environmental Protection Agency (EPA) finalized emissions standards for heavy-duty vehicles on Friday, and the rule could […]
Pro-Palestinian Protesters Chain Selves to Gangway of USNS Harvey Milk
A cadre of pro-Palestinian protesters chained to the USNS harvey milk Believing that the ship would deliver weapons to Israel, he infiltrated the gangway of San Francisco. “The group gathered to protest friday morning ceremony At Pier 30/32, Honorable Representative Nancy Pelosi of the United States House of Representatives, San Francisco Mayor London Breed, and […]
People form a human chain around Slovakia’s public broadcaster that government wants to take over
BRATISLAVA, Slovakia (AP) – Protesters in Slovakia on Wednesday stormed the country’s public television and radio building, angered by a government takeover plan in which the populist, pro-Russian prime minister recently labeled several private media outlets as enemies. A human chain formed around them. The takeover plan was drafted by Culture Minister Martina Simkovičová, who […]