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The Latest Breaking News from Starbucks

Looking At Starbucks's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Starbucks (NASDAQ:SBUX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Feds charge Michigan man with leaving nooses, notes targeting Black Lives Matter supporters

DETROIT — A Michigan man has been charged with hate crimes for trying to intimidate residents supporting Black Lives Matter in 2020, federal officials announced Wednesday.

Tribune News Service

Starbucks drive-thru sparks debate after using Johnny Depp v Amber Heard tip jars: ‘Vile’

‘This is not a reality show’

The Independent UK

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Elon Musk doesn’t understand free speech – or Twitter – at all

Twitter is less like a ‘town square’ and more like any Starbucks, McDonalds, or shopping center. It has other obligations and interests that are at odds with completely unfettered speech

The Guardian - US

Commentary: Earth Day to May Day represents our future

The tide of labor relations is changing as news comes in from our communities and around the country, of wage workers taking on the Amazon and Starbucks corporate commands and demanding labor unions.

Chicago Tribune

Apple enlists union-busting lawyers as more retail locations organize

Apple seems terrified of its employees gaining any sort of power.

Input

'Great resignation' appears to be hastening the exodus of US and other Western companies from Russia

Companies across the globe are fleeing Russia in an unprecedented display of corporate solidarity with their governments, appalled over the invasion of Ukraine. Over 750 multinational businesses so far have said they’re curtailing, suspending or severing ties to Russia, more than triple the number that abandoned South Africa over apartheid…

The Conversation

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Cary store becomes 1st Chicago-area Starbucks to unionize

The vote to join an affiliate of the Service Employees International Union was 17-4 in a count supervised by the National Labor Relations Board.

Chicago Sun-Times

Baltimore baristas unionize the first Starbucks in Maryland

Starbucks baristas in Baltimore’s Mount Vernon neighborhood voted Monday to unionize, becoming the giant coffee chain’s first Maryland workers to organize amid a fast-growing national movement.

Tribune News Service

Check Out What Whales Are Doing With SBUX

A whale with a lot of money to spend has taken a noticeably bearish stance on Starbucks. Looking at options history for Starbucks (NASDAQ:SBUX) we detected 15 strange trades.

Benzinga

Why This Starbucks Analyst Says Stock Valuation Is At 'Historical Low'

Starbucks Corporation (NASDAQ: SBUX) is off to a brutal start to 2022, but Bank of America analyst Sara Senatore said Monday that there's reason for optimism after taking a close look at Starbucks' quarterly demand trends.

Benzinga

Bernie Sanders, AOC rally Amazon workers

If Jeff Bezos can afford a $500 million yacht, Sanders said, he can afford to pay living wages

Salon

Why Starbucks has become a huge unionization target — and why the company is in a panic

On April 7, Madison Hall, a barista and union organizer at the Starbucks store on Long Beach's bustling 2nd Street commercial strip, was invited to a session the next day to "meet with and co-create with upper-level management," Hall says.

Los Angeles Times

CEOs got big raises while hiking prices

Some companies raised prices, blaming rising wages — but actually cut workers' pay, according to new report

Salon

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Axios

Labor board sues Starbucks over claims it retaliated against 3 workers who unionized

Starbucks rejects the claims.

Bangkok Post

The sweet smell of success

Though Thailand faces gloomy economic prospects with a surge in inflation, higher energy prices and persistent Covid outbreaks, a performance by Thai rapper Danupha "Milli" Khanatheerakul at the Coachella Festival in California that was capped by her eating khao nieo mamuang (mango sticky rice) on stage went viral on social…

Tribune News Service

Starbucks sued by US labor board over retaliation claims

U.S. labor officials are asking a federal court to force Starbucks Corp. to reinstate a group of activists, escalating the legal battle over the company’s response to the union campaign sweeping through its stores.

Salon

Starbucks CEO's union-busting efforts

"Starbucks is getting desperate as it loses this war in battle after battle," said the union

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Chicago Sun-Times

Union vote scheduled for 3 Starbucks stores in Chicago

Workers at the locations have sought rights to bargain as members of Workers United, part of the Service Employees International Union.

Benzinga

Starbucks Appoints Former McDonalds Executive To Drive Technology Changes: Reuters

Starbucks Corp (NASDAQ:SBUX) has appointed Deb Hall Lefevre as Chief Technology Officer, effective May 2, Reuters reported. Lefevre was previously with McDonald's Corp (NYSE:MCD), where he oversaw all aspects of technology for its roughly 14,000 U.S. restaurants. The report noted the move comes as the returning CEO Howard Schultz is mulling changes to the company's…

Tribune News Service

Workers at Starbucks Reserve Roastery in Seattle vote to unionize

Workers at a second Seattle Starbucks location have joined the nationwide wave of unionization at the coffee giant — this time at one of the company's flagship roastery locations.

Asharq Al-Awsat

Starbucks Eyes Changes to Mobile App, Drive-Thrus, Taps Ex-McDonald’s Exec

Starbucks has hired a former McDonald's executive to oversee technology as returning CEO Howard Schultz explores changes to the coffee chain's drive-thru, mobile order-and-pay and other systems. Deb Hall Lefevre will become Starbuck's chief technology officer on May 2, according to a spokesperson.

Manchester Evening News

I tried M&S’s new Colin the Caterpillar and Queen’s Jubilee shortbread frappes

Run, don't walk to M&S because you absolutely need to try them

Bristol Post

Sainsbury's shutting 200 cafes this month - including two in Bristol

Only 67 Sainsbury's cafes will remain open, and only one in Bristol

Daily Mirror

Billionaire Issa brothers who own Asda plan to create more than 32,000 jobs

Billionaire brothers Mohsin and Zuber Issa's EG Group is hiring almost 23,000 people in the UK by expanding more people at Asda, Cooplands and Leon and tie-ups with KFC and Starbucks

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