By CCN.com: Starbucks continues to crush it globally, delivering another quarter of strong earnings growth, on the backs on impressive same-store sales growth. Global comparable store sales increased 3%, driven by a 4% increase in domestic average ticket, and 2% in China/Asia Pacific. Starbucks’ stock raced to a new high as investors welcomed a stronger-than-expected … Read more
CEO of DoubleLine Capital Jeffrey Gundlach says the recently announced presidential run by former Starbucks CEO Howard Schultz will probably be short-lived. Gundlach, who was ahead of the pack in anticipating a Trump presidential win in 2016, says the former coffee magnate lacks the physical constitution for a head to head battle against Trump. He … Read more
In a Thursday interview on CNBC show Mad Money with Jim Kramer, Sen. Elizabeth Warren came out swinging against billionaires, saying: “You know that top one-tenth of 1 percent this year, taxes all in, they’re gonna pay about 3.2 percent of their total worth in taxes to help keep everything running around here. You know … Read more
Billionaire Howard Schultz ― the bitcoin-bashing former CEO of Starbucks ― is considering running for US president because he’s disgusted with the bitter political gridlock he sees today. Schultz announced on Twitter that he would run as a “centrist independent” because he’s fed up with the entrenched, ineffective two-party system in the United States. I love our country, … Read more
The Atlantic reported Sunday that former Starbuck’s CEO Howard Schultz is giving serious consideration to a presidential run in 2020 as an independent candidate. The revelation was made in a recently recorded 60 Minutes interview, The Atlantic said, in a report with a blistering editorial for a headline: “Ex–Starbucks CEO Could Get Trump Re-elected.” Howard … Read more
Bitcoin may be off limits, but the coffee chain is not overlooking the technology that underpins cryptocurrencies. Howard Schultz, Starbucks executive chairman and the face behind the brand, suggested blockchain could very well be part of the coffee retailer’s future, pointing to the possibility of a “proprietary digital currency integrated into our application.” He told … Read more