TagStarbucks

Starbucks Brews Up 7% After-Hours Because The Company is Crushing It

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Starbucks

Starbucks continues to show why it is the top dog in coffee, delivering a frankly astonishing quarter of earnings growth, fueled by explosive same-store sales growth. Let’s examine the headline numbers and some other metrics that will show why Starbucks stock is up 7 percent in after-hours trading to an all-time high. The Amazing Growing Comparable Store Sales Comparable store sales are the...

Bakkt’s 'Moonshot' Bitcoin Platform to Begin Testing Today

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Bakkt, bitcoin, bitcoin price

Bakkt’s long-delayed bitcoin futures platform is scheduled to begin testing today.  The trading platform, aimed squarely at institutions, is widely expected to be a game-changer and a major catalyst for the bitcoin price. As Fundstrat concluded last week, investors are eagerly waiting on the sidelines: “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt...

Starbucks, Walt Disney and Adobe Are Blasting to Fresh Highs

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As large financial institutions such as JPMorgan become bullish on the S&P 500, three major stocks – Starbucks, Walt Disney, and Adobe – are threatening to take out their all-time highs. Starbucks (SBUX) Resumes Strong Uptrend After a Three-Year Consolidation Period In trading and investing, there’s a saying that goes: “the longer the base, the higher the space.” In other words, assets that...

On-Fire Starbucks Stock Is Up an Impressive 20% So Far in 2019

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Starbucks

By CCN: 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 earnings performance and solid...

Cash 'on the Verge of Collapse' While Bitcoin Transactions Near Record Highs

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A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The outdated cash infrastructure is set to be eclipsed. And bitcoin is positioning...

Starbucks Unveils Key Detail about its Secretive Bitcoin Strategy

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starbucks accept bitcoin

An article in The Block yesterday includes the following statement: “Only U.S. customers will be able to pay in bitcoin initially.” They’re referring to Starbucks’ recent deal with Bakkt, the great hope of the crypto industry, which might manage to pull off the first crypto ETF. The deal gives Starbucks significant equity in Bakkt, but at no point does it actually require Starbucks to accept...

Why Tim Hortons Will Be the Next Starbucks Rival to Fail Miserably in China

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tim hortons china

Canada-based Tim Hortons is the latest coffee chain poised to fail in the Chinese market that has been drinking tea for thousands of years. Tim Hortons Can’t Even Win at Home Tim Hortons’ struggles over the past few years in its native market of Canada are well-documented. For instance, the coffee chain’s ranking in the annual Gustavson Brand Trust Index plummeted from 27 in 2017 to 203 out of...

Starbucks CEO Says No to Pot-Infused Coffee...And a $10 Billion Industry

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Starbucks, Kevin Johnson

Lately, various coffee shops have been advertising lattes and coffees with CBD oil. However, despite the increase in advertising efforts for Cannabis-infused beverages, Starbucks CEO Kevin Johnson has stated that there are currently no plans by the company to launch its versions of Cannabis-laced coffee drinks. Speaking in an interview with CNBC’s Squawk on the Street that was aired on January...

Bitcoin-Hating Ex Starbucks CEO Howard Schultz Mulls US Presidency, Backs Blockchain

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howard schultz

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, and I am seriously...

Op-Ed: Ex-Starbucks CEO Howard Schultz Might Run for President, Here's Why That's Great for America

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howard schultz bitcoin blockchain starbucks 2020 us presidential election

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 Schultz 2020 a Spoiler Campaign? Other...

Big Milestone: Bitcoin on Track to Transfer More Value Than Mastercard Daily

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With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day...

Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation

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Erik Voorhees ShapeShift bitcoin cryptocurrency

According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market's foundation, preparing the...

How the Efforts of Bakkt Could Lead to the Approval of the First Bitcoin ETF

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bitcoin etf bakkt

The SEC has disapproved 10 Bitcoin exchange-traded funds (ETFs) in the past month but analysts believe Bakkt can assist the launch of the first bitcoin ETF. Bakkt’s Efforts in Finding Trusted Price Formation Last month, the SEC officially rejected the Winklevoss Bitcoin ETF filed with the Bats BZX Exchange with a 92-paged document which explicitly stated that the commission was not satisfied with...

Starbucks Clarifies ‘Coffee for Bitcoin’ Media Reports

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starbucks bitcoin crypto

Contrary to reports in mainstream media, Starbucks has clarified that it will not be accepting direct bitcoin payments at coffee retail outlets. As reported by CCN on Friday, Starbucks is part of a new cryptocurrency venture with Microsoft and the Intercontinental Exchange (ICE) dubbed “Bakkt”, a regulated Wall Street platform that could fundamentally bring cryptocurrencies like bitcoin into the...

Bitcoin Price Dips to $6,950 Despite Crypto Foray by NYSE and Starbucks

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Bitcoin price

On August 4, after rebounding from $7,200 to $7,500, the price of Bitcoin fell below the $7,000 mark for the first time since July 18. Over the past three weeks, from July 18 to August 4, the price of Bitcoin has been relatively stable in the $7,200 to $7,500 region, recording limited volatility in the range of $300. However, on August 4, for the first time in three weeks, the price of Bitcoin...

Breaking: World's Biggest Stock Exchange Operator is Launching a Bitcoin Market

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NYSE Silvergate IPO

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. ICE to Launch Physically-Settled Bitcoin Futures ICE made the groundbreaking announcement on Friday, revealing that the new platform -- Bakkt -- has been...

Anti-Bitcoin, Pro-Blockchain Howard Schultz To Exit Starbucks Amid Rumors He's Planning a Presidential Run

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howard schultz

Howard Schultz, the anti-bitcoin, pro-digital currency executive chairman of Starbucks, recently confirmed his intention to leave his role at Starbucks and is said to be considering getting into politics, according to CNBC. Schultz has denied in the past that he is planning to run for president, but he has been active over the years in supporting political causes. Schultz, a political...

Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

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Visa, cryptocurrency

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008 to 2014, said that his team is attempting to increase the mainstream...

Starbucks Could Serve Up a Blockchain Payments App

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starbucks bitcoin crypto

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 Fox Business: “I think...

Starbucks Chairman Interested in Cryptocurrency Market, Just Not Bitcoin

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Howard Schultz, who recently revealed an ambitious 30,000 square-foot Starbucks Roastery in Shanghai in partnership with Alibaba, expressed his enthusiasm towards the cryptocurrency market. Cryptocurrency For Retailers In the next few years, Schultz stated that he believes several legitimate cryptocurrencies will emerge, endorsed and adopted by retailers. He said: “I personally believe that there...

Is Starbucks having an ICO?

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Starbucks Executive Chairman Howard Schultz raised a few eyebrows when he brought up cryptocurrency during a conference call discussing the company’s latest quarterly earnings. The former CEO told listeners he believes that widely-accepted digital currencies will arrive within the next few years. Schultz also expressed his doubt that bitcoin will be one of them, saying “I don’t believe that...

Bitcoin Not a ‘Legitimate’ Currency, But a Trusted Digital Currency Could Be: Starbucks Chairman

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starbucks bitcoin crypto

Bitcoin is not a “legitimate” currency, but a digital currency could one day form the linchpin of a cashless future, at least according to Starbucks Executive Chairman Howard Schultz. Schultz made this prediction during a post-earnings conference call on Thursday, stressing -- as mainstream executives so often do -- that distributed ledger technology (DLT) can be leveraged outside of...

Starbucks' Wi-Fi Found Using People's Laptops to Mine Monero

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starbucks bitcoin crypto

Earlier this year CCN reported on The Pirate Bay’s efforts to use visitor CPU to mine Monero in order to monetize its traffic and replace the ads on its pages. The torrent index website used Coinhive, a JavaScript code that allows website admins to mine the anonymity-centric cryptocurrency with visitor’s CPUs. Ever since The Pirate Bay tested Coinhive on its website various actors starting using...

Breadwallet’s Lasher Predicts Bitcoin to Hit $250,000 In 10 Years

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federal reserve dollar bitcoin

Aaron Lasher, the CMO and co-founder of Breadwallet, a crypto wallet, expects bitcoin’s price to hit around $250,000 in the next 10 years, giving it a market cap of $5 trillion The path, however, will not be smooth. As a longtime bitcoin holder, Lasher said he is enjoying the pricing action, but he expects the current bull market to be followed by a bear environment, according to MarketWatch...

iPayYou Enables Bitcoin Payments to Starbucks' Official App

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Seattle-based bitcoin wallet iPayYou has announced the launch of Bitcoin Direct to Starbucks, giving users and coffee lovers a new and easy way to pay with the digital currency. Through the use of the new feature users of iPayYou can simply transfer bitcoin from their wallet to their Starbucks mobile app. Speaking to CCN, Gene Kavner, founder and CEO of iPayYou, said that they are always looking...

Airbitz Integrates Fold App, Enabling Bitcoin Payments At Starbucks & Target

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starbucks bitcoin crypto

Airbitz, the mobile bitcoin wallet, has integrated Fold, the Starbucks gift card app that accepts bitcoin payments, into its own app. In announcing the Fold offering, Airbitz said it will be helpful for people new to bitcoin and will encourage more consumers to start using bitcoin. The Fold app also allows users to receive discounts at Target and Whole Foods Market. Many bitcoin users already...

Here's Why Square's Bitcoin Integration is a Big Deal

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Square Bitcoin

Although many Bitcoin enthusiasts have been looking for new merchants who are directly accepting the cryptocurrency in their local towns, it seems that a move from Square could end up being an even bigger deal. Square announced their integration with Bitcoin today on their blog, and they revealed a few details about how their new Bitcoin-enhanced system is going to work. Most online retailers are...

Californian Starbucks Accepts Bitcoin Tips

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Bitcoin Tips @ Starbucks in Torrance #bitcoin pic.twitter.com/alGm59C58a — Bit (@BitVenice) January 7, 2014 Here's an interesting tweet I stumbled upon. Seems that there's a Starbucks in Torrance, California that accepts Bitcoin tips. Whether or not the store accepts Bitcoin for the actual purchase is unknown, but it's unlikely since that would probably have to be approved by Starbucks'...