Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024.Jakub Porzycki | Nurphoto | Getty ImagesAs Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally.Since CEO Brian Niccol’s first week at the company, he’s been pledging to bring the company “back to Starbucks” to lift sluggish sales. That goal was in full view at the company’s Leadership Experience, a three-day event in Las Vegas for more than 14,000 store leaders this week.Starbucks unveiled a…
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Sen. Bill Cassidy, R-La., leaves the senate luncheons in the U.S. Capitol on Tuesday, June 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSenate Republicans’ proposal to overhaul student loan repayment could trigger a surge in defaults, one expert said.The Senate GOP reconciliation bill’s higher education provisions “would cause widespread harm to American families,” Sameer Gadkaree, the president of The Institute for College Access & Success, said in a statement. The proposals do so by “making student debt much harder to repay” and “unleashing an avalanche of student loan defaults,” he wrote.The Senate Committee on Health, Education, Labor…
The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders’ Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty ImagesLeaders of some of the world’s biggest economic powers will arrive in the Canadian Rockies on Sunday for a Group of Seven summit overshadowed by a widening war across the Middle East and U.S. President Donald Trump’s unresolved trade war with allies and rivals alike.Israel’s strikes on Iran and Tehran’s retaliation, which appeared to catch many world leaders unawares, is the latest sign of…
The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images)aviation-images.com | Universal Images Group | Getty ImagesKelly Ortberg’s first Paris Air Show as Boeing CEO was set to be relatively upbeat.Under his leadership that began in August, the company has made strides in ramping up production of its bestselling 737 Max jets, increasing cash-generating deliveries of new planes, and indicating that it’s turning a corner from a series of manufacturing and safety crises and years of lost…
In sweeping attacks that started Friday, Israel struck at the regime in Tehran, hitting Iranian nuclear and military assets. Iran retaliated with barrages of ballistic missiles and drones. It is the most intense fighting in decades between the two heavily armed countries. To understand what’s happening in the region, Katrin Bennhold, a New York Times senior writer, spoke with Patrick Kingsley, the Jerusalem bureau chief. Source link
Emergency and rescue soldiers search for trapped people around heavily damaged buildings after an overnight missile strike from Iran on June 15, 2025 in Bat Yam Israel. Iran launched a retaliatory missile strike on Israel starting late on June 13, after a series of Israeli airstrikes earlier in the day targeted Iranian military and nuclear sites, as well as top military officials. Amir Levy | Getty Images News | Getty ImagesIsrael launched an expanded assault on Iran on Sunday, targeting its energy industry and Defense Ministry headquarters, while Tehran unleashed a fresh barrage of deadly strikes.The simultaneous attacks represented the…
An AI assistant on display at Mobile World Congress 2024 in Barcelona.Angel Garcia | Bloomberg | Getty ImagesArtificial intelligence is shaking up the advertising business and “unnerving” investors, one industry leader told CNBC.”I think this AI disruption … unnerving investors in every industry, and it’s totally disrupting our business,” Mark Read, the outgoing CEO of British advertising group WPP, told CNBC’s Karen Tso on Tuesday.The advertising market is under threat from emerging generative AI tools that can be used to materialize pieces of content at rapid pace. The past couple of years has seen the rise of a number of…
The Boeing Company logo is displayed.Sopa Images | Lightrocket | Getty ImagesBoeing expects global demand for air travel to increase by more than 40% by 2030, driving the need for thousands of new jetliners in the next few years, according to its 20-year demand forecast for commercial airliners released Sunday ahead of the Paris Airshow. The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year’s edition, which projected demand for 43,975 new deliveries through 2043.European rival Airbus last week revised up its own 20-year commercial demand forecast by 2% to 43,420 jets,…
Alexandr Wang, CEO of Scale AI, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23rd, 2025.CNBCAlphabet’s Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta is taking a 49% stake in the AI data-labeling startup, five sources familiar with the matter told Reuters.Google had planned to pay Scale AI about $200 million this year for the human-labeled training data that is crucial for developing technology, including the sophisticated AI models that power Gemini, its ChatGPT competitor, one of the sources said.The search giant already held…
LA County Sheriffs stand guard as demonstrators attend a “No Kings Day” protest against President Donald Trump’s policies outside City Hall, in downtown Los Angeles, California, U.S., June 14, 2025. Mike Blake | ReutersTanks, troops and marching bands assembled in the nation’s capital Saturday for a massive parade of American military power requested by President Donald Trump, a show that was met by thousands of Americans around the country displaying another kind of power: protest.Hours before the parade honoring the Army’s 250th anniversary was set to start, demonstrators turned out in streets and parks around the nation to decry the…
