Starbucks Stock News

New York-area Starbucks workers are planning to form a union amid the company firing seven employees who tried to form a union,

Workers'' efforts to organise has drawn support from some prominent politicians in the area.

Employees at four New York City-area Starbucks locations have filed petitions to form unions, joining a nationwide labor push that the coffeehouse chain has fiercely opposed.

Near-term headwinds are negatively impacting this top restaurant stock.

Starbucks (SBUX) fell 1.05% in opening trades on Thursday after the coffee giant was fined around 1.36 million yuan ($210K) by Wuxi Market Supervision Administration in the eastern

Some of the world''s biggest roasters and sellers of coffee, including Starbucks, are upping menu prices

The steady surge in prices has left many Americans less able to afford food, gas, rent, child care and other necessities. | AP file There are few signs that inflation will slow significantly anytime soon. WASHINGTON — Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Shortages of supplies and workers, heavy doses of federal aid, ultra-low interest rates and robust consumer spending combined to send inflation accelerating in the past year. When measured from December to January, inflation was 0.6%, the same as the previous month and more than economists had expected. Prices had risen 0.7% from October to November and 0.9% from September to October.

Four stores are joining a nationwide effort, buoyed by successes in Buffalo.

Starbucks has an element of durability that long-term investors look for.

Employers normally have little to lose by purging organizers, even when it''s found to be illegal. This high-profile case could be different.

The fired employees were attempting to unionize and held an interview with WMCA News 5 inside the shop, after business hours, which Starbucks says broke company safety policies.

Employers normally have little to lose by purging organizers, even when its found to be illegal. This high-profile case could be different.

"It''s to silence us and we won''t be silenced," a former Memphis employee says in a Twitter video.

Starbucks, the Seattle-based coffee chain, denies allegations that the Memphis, Tennessee workers were dismissed in retaliation for their unionization drive.