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International Business Times

Business

Panos Mourdoukoutas Ph.D.

Starbucks Lattes Are Turning To An Unaffordable Luxury — What It Means For Its Shares

Starbucks Eric Croak Seattle United States

Higher prices are beginning to make Starbucks' lattes an unaffordable luxury, which is affecting the company's top and bottom lines.

Last week, the Seattle-based coffee shop chain reported second-quarter earnings and revenues that badly missed analysts' estimates. It most notably reported a 2% revenue decline, the first since 2020, and lowered its guidance for the next quarter.

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Top stories on inkl right now

Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

In response to recent disturbances, Italian Prime Minister Giorgia Meloni has introduced stringent security measures aimed at curbing protest-related violence. These measures entail prison sentences, fines, and even financial repercussions for parents of minors who participate in illegal protests. Authorities now have increased powers to detain youths perceived as threats,…

The Times of India

Missouri court upholds revival of $220,000 judgment after appeal deadline is missed

Missouri court upholds revival of $220,000 judgment after appeal deadline is missed

Diane Longsdon encounters a significant legal hurdle as an appeals court dismisses her bid to contest a $220,000 repayment order. The issue originated from modifications to a family trust created by Violet M. Steinert and her spouse in 1994. Although Longsdon initially received money from these alterations, a court later…

The Times of India

As France protests continue, curfews, transport disruptions and tourist attraction closures raise concerns: What tourists need to know

As France protests continue, curfews, transport disruptions and tourist attraction closures raise concerns: What tourists need to know

France is experiencing protests that started in September over education but expanded to include living costs and public services. Authorities have imposed curfews in affected areas, including Paris, as tensions continue. Over 2,500 individuals have been arrested during these protests, which have led to significant unrest across several cities. Tourists…

The Economic Times

Australian state leader contacted by police after failing to pay for petrol

Australian state leader contacted by police after failing to pay for petrol

Victoria premier Ben Carroll says Monday was ‘a tough day for a lot of reasons’

The Independent UK

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California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

California state workers will launch a one-day strike Wednesday, urging Gov. Gavin Newsom’s administration to agree to a new contract that increases workers’ pay, ensures affordable healthcare access and allows more flexibility for remote work

The Independent UK

Family of Priest Killed by Falling Cross Demand Inquiry as Church Allegedly Rehangs the Same Cross Two Days Later

Family of Priest Killed by Falling Cross Demand Inquiry as Church Allegedly Rehangs the Same Cross Two Days Later

Father Patricio Sánchez Molinari died when a cross fell during a livestreamed Mass in Guayaquil; read what his family wants and whether the cross really went back up.

International Business Times UK

Related Stories

Top stories on inkl right now

Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

Italy’s Meloni toughens protest laws: Teen detentions, parental liability, 5-year jail term

In response to recent disturbances, Italian Prime Minister Giorgia Meloni has introduced stringent security measures aimed at curbing protest-related violence. These measures entail prison sentences, fines, and even financial repercussions for parents of minors who participate in illegal protests. Authorities now have increased powers to detain youths perceived as threats,…

The Times of India

Missouri court upholds revival of $220,000 judgment after appeal deadline is missed

Missouri court upholds revival of $220,000 judgment after appeal deadline is missed

Diane Longsdon encounters a significant legal hurdle as an appeals court dismisses her bid to contest a $220,000 repayment order. The issue originated from modifications to a family trust created by Violet M. Steinert and her spouse in 1994. Although Longsdon initially received money from these alterations, a court later…

The Times of India

As France protests continue, curfews, transport disruptions and tourist attraction closures raise concerns: What tourists need to know

As France protests continue, curfews, transport disruptions and tourist attraction closures raise concerns: What tourists need to know

France is experiencing protests that started in September over education but expanded to include living costs and public services. Authorities have imposed curfews in affected areas, including Paris, as tensions continue. Over 2,500 individuals have been arrested during these protests, which have led to significant unrest across several cities. Tourists…

The Economic Times

Australian state leader contacted by police after failing to pay for petrol

Australian state leader contacted by police after failing to pay for petrol

Victoria premier Ben Carroll says Monday was ‘a tough day for a lot of reasons’

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

California state workers launching 1-day strike over return-to-office mandate, pay and healthcare

California state workers will launch a one-day strike Wednesday, urging Gov. Gavin Newsom’s administration to agree to a new contract that increases workers’ pay, ensures affordable healthcare access and allows more flexibility for remote work

The Independent UK

Family of Priest Killed by Falling Cross Demand Inquiry as Church Allegedly Rehangs the Same Cross Two Days Later

Family of Priest Killed by Falling Cross Demand Inquiry as Church Allegedly Rehangs the Same Cross Two Days Later

Father Patricio Sánchez Molinari died when a cross fell during a livestreamed Mass in Guayaquil; read what his family wants and whether the cross really went back up.

International Business Times UK

Our Picks

Is Noel Gallagher the next guest on final season of Chicken Shop Date?

Speculation began swirling after Amelia Dimoldenberg shared a cryptic Instagram post teasing the identity of her next celebrity date

Evening Standard

Taylor Swift 'Blocking' Dead Mac Miller Claim: She Released No Album in 2018, Exposing a Planned Smear Campaign

A viral claim that Taylor Swift chart-blocked Mac Miller in 2018 is going round again, but she had no album out that year and nothing to deploy around his death.

International Business Times UK

People Share Why They Decided To Skip A Second Date, Here Are The 64 Best Answers

Dating involves getting to know another person, which also means discovering all the little quirks they might not have mentioned in their profile. Some are endearing, some are harmless, and others can somehow make an otherwise decent date feel like an endurance test. The people behind these stories had their…

Whether `stringing' or `looping,' tobacco is the tie that binds many North Carolina farm families

It's called “stringing” or “looping,” depending on what part of North Carolina you're from

The Independent UK

Mariah Carey wins dismissal of brother’s defamation lawsuit over her memoir

Morgan Carey sued his sister over claims in her 2020 memoir, The Meaning of Mariah Carey, which he said falsely portrayed him as a violent drug dealer

The Guardian - AU

Kanye West And Bianca Censori Hit With Fierce Backlash Over Her Latest Fishnet Look: “Humiliating His Wife”

Bianca Censori’s latest revealing appearance with Kanye West has revived years of speculation about their relationship, despite her insisting that her provocative outfits are entirely her choice.

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