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Joey Solitro

Starbucks Stock Soars After Tapping Brian Niccol as Its New CEO

Brian Niccol Starbucks Chipotle Laxman Narasimhan Mellody Hobson SBUX

Starbucks logo on window of Amsterdam location.

Starbucks (SBUX) stock is surging in Tuesday's session after the coffee chain announced the immediate departure of Laxman Narasimhan as CEO. The company also said current Chipotle Mexican Grill (CMG) CEO Brian Niccol will take over the role on September 9. Rachel Ruggeri, chief financial officer at Starbucks, will serve as interim CEO until Niccol comes on board.

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Student-led movement seeks to unseat ruling party in Serbian election

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Fears of further violence as France braces for more protests this weekend

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Why MAGA stands by Ramaswamy's ad

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

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Billionaire tax and trans rights: what are key state ballot initiatives in midterms?

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