Starbucks is replacing its CEO with the head of Chipotle as it seeks to revive flagging sales and appease outside investors. Starbucks announced Tuesday morning that Brian Niccol, who has led the burrito chain since 2018, will take over the coffee giant starting next month. Laxman Narasimhan, who took over as Starbucks’ CEO in March 2023, is leaving the company. People ...
Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Tuesday. The M&M owner Mars is acquiring the Kellogg spin-off company for $83.50 per share, according to the press release. The addition of Kellanova, which separated from its parent company in 2023, will bring massive brands like Pringles and Cheez-Its to Mars’ snacking unit. ...
Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google aims to put its AI in front of consumers before Apple, which will launch its AI on iPhones, Macs and iPads later this year. Google doesn’t make a lot of money from its hardware ...
Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked by former CEO Schultz. In its last two quarters, Starbucks reported ...
A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50 years, according to Zillow Group, an online marketplace for real estate. Landlords are taking notice ...
LONDON — Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air. The annual “all you can fly” pass, which allows passengers to book one-way and roundtrip flights throughout the year, will be available for the introductory fee until Friday before the price rises to 599 ...
As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly think the U.S. is currently in a recession, according to a June survey of 2,000 adults from Affirm. While Goldman Sachs and JP Morgan raised recession forecasts in August, other experts still expect an economic “soft landing,” meaning the Federal Reserve’s policy ...
Mediators in talks for a ceasefire agreement between Hamas and Israel are making a last-ditch effort to revive stalled negotiations as the Middle East braces for an Iranian attack on Israel. The high-stakes meeting set to take place on Thursday will have Qatar, Egypt and the United States present a plan to implement a ceasefire-hostage deal proposed by US President ...
Where just hours ago there were thick rows of trees, now stumps protrude and smoke still rises from scorched soil. On one road in Chalandri, a hilltop village above Athens, a family returns to see their house charred, with bedsheets – left on the line to dry in the sun – now blackened. The teenage son is in tears. Next ...
Mohammad Abu Al Qumsan quivered and gasped in disbelief. His eyes glazed over before he fell limp in the courtyard of Al Aqsa Martyrs Hospital in central Gaza. “I beg you. I beg you. Let me see them,” he cried out to health officials at the medical facility on Tuesday. “She just gave birth. Please let me see her.” Hours ...