Starbucks CEO says airport cafe closures, low traffic to offices weighed on Chinese sales
Reduced international travel and low traffic to office buildings weighed on Starbucks' same-store sales in China, according to CEO Kevin Johnson.
CNBC US News
U.S. to move 3,000 troops closer to Ukraine as Russia crisis escalates
President Joe Biden has not committed to sending U.S. combat troops directly to Ukraine but will instead send some to neighboring NATO countries.
SpaceX rolls outs 'premium' Starlink satellite internet tier at $500 per month
Elon Musk's company is now offering a pricier and more powerful version of the Starlink service that's targeted at businesses and enterprise customers.
Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says
Private payrolls fell by 301,000 for the month versus the estimate for a 200,000 gain, according to payrolls processing firm ADP.
While Valentine’s Day is getting more expensive, going into debt isn't sexy
As Americans recover from Covid's financial strain, couples are less inclined to go into debt for a big, romantic gesture.
Bob Jordan is now Southwest Airlines' new CEO. Here's what's on his plate
Southwest Airlines veteran Bob Jordan becomes CEO of the Dallas-based carrier.
AMD rises 10% after issuing strong 2022 sales outlook
AMD has been riding a surge in PC and electronics sales over the past two years.
PayPal stock plunges on weak earnings guidance
PayPal reported mixed Q4 2021 earnings Tuesday and provided guidance for the next quarter that fell short of analyst estimates.
After a huge year for growth, the U.S. economy is about to slam into a wall
The U.S. economy last year grew at its fastest pace since 1984. Don't expect a repeat performance in 2022.
GM forecasts earnings 'at or near record levels' in 2022 as chip shortage eases
GM forecasts 2022 operating profit of between $13 billion and $15 billion.
There were 4.6 million more job openings than unemployed workers in December
Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday.
Starbucks earnings miss as higher costs weigh on profits, coffee chain cuts earnings outlook
Starbucks reported adjusted earnings per share of 72 cents and revenue of $8.1 billion.
WHO says the new omicron subvariant doesn't appear to be more severe than the original
Vaccines remain effective at preventing severe disease and death from omicron and all of its subvariants, the WHO said.
Pfizer asks FDA to expand use of Covid vaccine to kids under 5
Parents are anxiously awaiting the vaccine for younger children as the omicron variant sweeps across the nation, causing an unprecedented wave of infection.
Democratic Sen. Ben Ray Lujan suffered a stroke, which could complicate Biden's Supreme Court plans
Sen. Ben Ray Lujan, a Democrat, is "expected to make a full recovery" after suffering a stroke in his cerebellum, his chief of staff said in a statement.
House Democrats urge Biden to pass climate change portion of Build Back Better
The climate portion of President Joe Biden's Build Back Better legislation represents the largest-ever federal investment in clean energy.
Authorities raid Michigan home of high-ranking Homeland Security official Vance Callender
The raid at the home of Vance Callender came two years after he was put in charge of agents in Michigan and Ohio for a division of the Homeland Security Department.
Tesla to recall FSD Beta software that lets drivers slowly roll past stop signs
Newer versions of FSD Beta (2020.40.4.10 or later), which are subject to the recall, gave drivers an option to slowly roll past stop signs.
U.S. Covid fatalities reach highest level in a year as omicron cases subside
Vaccines weren't widely available the last time Covid deaths were this high in America.
Ford reportedly plans to increase EV spending by up to $20 billion
Ford could accelerate its deployment of EVs that could include increasing investments in the vehicles by up to $20 billion, according to Bloomberg News.
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