Starbucks receives bids for stake in China business: US media | News

Starbucks receives bids for stake in China business: US media | News

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Nvidia and the Nasdaq slide as the Fed holds interest rates steady and tech stocks feel the pressure

Nvidia and the Nasdaq slide as the Fed holds interest rates steady and tech stocks feel the pressure

Photo: Bloomberg (Getty Images) The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates. The Federal Open Market Committee kept the overnight borrowing rate unchanged in the 4.25% to…

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Jim Cramer says don't sell Starbucks stock on the new CEO's painful moves to right the ship

Jim Cramer says don’t sell Starbucks stock on the new CEO’s painful moves to right the ship

New Starbucks CEO Brian Niccol’s decision to preannounce disappointing earnings is no reason to sell the stock, Jim Cramer said Wednesday. “I find it surprising that anyone thinks [these results are] surprising,” Jim said. “If you sell the stock today, you’re only selling it because you’re reacting to the press reports and the analysts, who are backward…

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