Starbucks Stock News

Polen Capital, an investment management firm, published its Polen Global Growth fourth quarter 2021 investor letter a copy of which can be downloaded here.

It has been a remarkable two months for pro-union workers at Starbucks. Over 100 stores have now filed for union representation elections, and the number is growing daily. In response, Starbucks has bombarded workers with anti-union text messages,

Starbucks, McDonalds, Chipotle, Amazon all protect profits by making customers pay more. We need the political courage to say they can and should cover rising costs themselves The Biden White House has decided to stop tying inflation to corporate power. Thats a big mistake. Ill get to the reason for the shift in a moment. First, I want to be clear about the relationship between inflation and corporate power. While most of the price increases now affecting the US and global economies have been the result of global supply chain problems , this doesnt explain why big and hugely profitable corporations are passing these cost increases on to their customers in the form of higher prices. Continue reading

27 Starbucks workers told us about their treatment by customers in the pandemic. Their story is a case study of the challenges service workers faced.

The move comes against the backdrop of unionization efforts gaining momentum at large US corporations, including Amazon.com Inc and Starbucks Corp.

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Customers and Apple employees gather during the first day of sale for the iPhone 13, in New York, Friday, Sept. 24, 2021. | Richard Drew, Associated Press Apple employees at two retail stores are close to finishing their paperwork to unionize Apple employees across the country are trying to unionize behind the scene as hourly workers express their needs, according to a report by The Washington Post . Two stores are close to filling out paperwork with the National Labor Relations Board. Six more locations are at a less advanced stage in the process. Currently, the tech company has more than 270 locations in the U.S. and more than 500 worldwide, according to CNET . Employees earn between $17 to $30 per hour, depending on their market and position, along with $1,000 to $2,000 in stock. But these wages havent kept up with inflation. Apple and NLRB did not respond to requests for comment, per the Post . Meanwhile, Apple CEO Tim Cook received a $99 million compensation package. I have a lot of co-workers and friends who I genuinely love and they do not make enough to get by, said one labor organizer who works at an Apple retail store. Theyre struggling and theyre hurting and we work for a company that has the resources to make sure that theyre taken care of. According to Reuters , this movement comes as unionization efforts gain momentum in the U.S., spreading to corporations like Starbucks and Amazon.

Money managers increased their net bullish wagers on arabica coffee to the highest in records going back to 2006, government data as of Feb. 15 showed Friday. A global supply crunch caused by plunging output in top grower Brazil, plus soaring input and transportation costs, have pushed the beans favored by Starbucks Corp. to repeated decade highs recently. Lingering uncertainty about production this year is weighing on traders ahead of the winter season in the Southern Hemisphere, when unfavorab

Starbucks is "not anti-union" but "pro-partner" according to top diversity officer Dennis Brockman.

An article in the Washington Post alleges Apple store workers are attempting to unionize, following efforts by Starbucks and Amazon employees.

Amazon, Microsoft and Starbucks on Thursday announced a $10 million joint effort to decrease homelessness in downtown Seattle.The "Partnership for Zero" campaign will be officially unveiled at 2 p.m. on Thursday,…

SEATTLE (AP) — Amazon, Starbucks, Microsoft Philanthropies, the Bill & Melinda Gates Foundation, billionaires Steve and Connie Ballmer and others said Thursday they''ll spend more than $10 million to combat homelessness in Seattle. The Seattle Times reports the money will help set up and fund a team from the new King County Regional Homelessness Authority, designed to triage and alleviate homeless camping in downtown and the city''s International District. Much of the money will help hire formerly homeless “peer navigators” who will meet with and develop plans for each person living homeless downtown. The initiative will also provide flexible funding to get people what they need to get housed. Marc Dones, CEO of the King County Regional Homelessness Authority, said the goal is to get to fewer than 30 people living outside in downtown Seattle — down from the 800 to 1,000 the authority estimates live there now. Businesses and local leaders have been clamoring for months about a solution to chronic homelessness downtown, as tourists and employees gradually return. “Time is a-wasting,” said former Washington Gov.

Chains Starbucks and Tim Hortons say higher operational costs are behind increases

CVC Capital Partners, Brookfield Asset Management and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia Starbucks franchise held by Alshaya Group, Reuters reported.

The increase of up to 32 cents for a cup comes after the U.S. coffee giant reported slower sales in China and faced a nationalist backlash over a separate issue.