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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 […]

Stocks sink after hot March inflation data

The Morning with Maria panel examines March core CPI, expected Fed rate cuts, and the overall market outlook. U.S. stocks fell across the board as better-than-expected inflation data dampened hopes for a June interest rate cut by the U.S. Federal Reserve. ticker safety last change change % Me: DJI Dow Jones Average 38380.61 -503.06 -1.29% […]

Nike, Lululemon shares sink as gloomy forecasts alarm analysts

Nike’s stock fell 8% on Friday after the Air Jordan maker warned that sales would fall in the first half of the year as it replaced older styles with trendier sneakers, while Lululemon Athletica said demand for its luxury athleisure products had declined. As a result, the stock fell by 17%. Lululemon’s bleak outlook highlights […]