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China drinks chain Mixue profits spike 40% in 2024 | News

Cs news7 days ago05 mins

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The Layoffs List of 2025: Porsche, Meta, Starbucks, and More

Cs news1 week ago01 mins

Companies such as Meta, Microsoft, BlackRock, and Chevron are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy. While the reasons for…

Walmart’s China troubles, McDonald’s gets fast, and Starbucks’ powered revamp: Retail news roundup

Cs news3 weeks ago03 mins

Walmart (WMT) was summoned by Chinese officials for attempting to pass U.S. tariff costs onto suppliers, but it’s hardly alone in its approach. McDonald’s is splitting its teams to conquer beef, chicken, and beverages. Starbucks (SBUX) is encouraging customers to sip their coffee in comfy seats and charge their phones – as long as they…

Starbucks laying off 1,100 workers and cutting drinks from its menu

Cs news1 month ago1 month ago04 mins

Starbucks to lay off 1,000 workers, cut drinks from menu Starbucks to lay off 1,000 workers, cut drinks from menu 00:24 Starbucks is laying off 1,100 workers, CEO Brian Niccol said in a companywide message that was made public Monday. The coffee chain is taking the action under its “Back to Starbucks” restructuring plan designed…

7 Healthy Fast-Food Orders Dietitians Swear By

Cs news1 month ago013 mins

Whether you’re tight on time or just want the convenience of fast food, it’s a quick and cheap way to fill up, but it’s not always healthy. Fast food chains typically have options loaded with fat, sugar, high calories and excess salt, making it challenging to stick to a healthy lifestyle. However there are good…

Missouri prosecutors sue Starbucks over DEI practices, claiming they raise prices and slow service

Cs news2 months ago2 months ago06 mins

Starbucks faces a new lawsuit filed by Missouri’s attorney general alleging the restaurant chain relies on “race-and-sex-based hiring practices” that violate federal and state laws. The complaint also claims the coffee chain’s hiring policies have led to slower service and higher prices for consumers because it isn’t recruiting the most qualified workers. The lawsuit, filed Tuesday…

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

Cs news2 months ago2 months ago04 mins

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…

Starbucks brings back condiment bar, free refills for some drinks

Cs news2 months ago2 months ago04 mins

Starbucks customers will notice some changes brewing. Starting Monday, stores are bringing back the condiment bar and offering free refills of certain drinks for for dine-in customers. The self-serve condiment bars, home to creamers, milk, sweeteners and stirrers, were removed from Starbucks locations during the early days of the COVID-19 pandemic. Starbucks previously said the…

US Starbucks slaps ban on toilet use by non-patrons, raises concerns over China policy

Cs news2 months ago02 mins

The coffee chain Starbucks’ latest policy to bar non-paying visitors at its North American outlets has prompted a heated discussion on social media in China. On January 13, the US chain announced the end of its “open-door” policy that allowed people to enter for shelter or toilet access. The policy was applied in 2018 after…

Starbucks (SBUX) Appoints Chief China Growth Officer To Solve Its China Problem

Cs news3 months ago05 mins

Starbucks has had a tough time in China recently. The company has been outsmarted in growth by its Chinese competition while a struggling Chinese economy has dealt a double blow. As China recovers, its consumers will be more likely to pay more for premium coffee. That’s where Starbucks’ recent hiring, the new Chief Growth Officer…