In this article SBUX From coast to coast, young Starbucks baristas are pushing to unionize their cafes, flexing their collective power against the coffee giant in a fight that could change the broader restaurant industry and its workforce. After notching a first win late last year, two Starbucks company-owned stores have formally organized after a
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Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the
Getty Images Nearly one-third of undergraduates borrow money from the federal government to pay for college. That’s about 43 million Americans who owe a staggering total of nearly $1.6 trillion in outstanding student loans. A new survey found that 54% of federal student loan borrowers said taking on that debt was not worth it. Overall,
NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021’s top-performing hedge fund Senvest Management was able to notch $700 million in
When Vivian Tu was considering a career, she knew from the start that it was important for her to be financially stable as well as challenged. After graduating with a degree from the University of Chicago, known in the industry as a Wall Street feeder school, she landed on the equities trading Desk at J.P.Morgan
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images Nobel Prize-winning economist Paul Krugman has given an ominous warning about the volatile cryptocurrency market, comparing it to the subprime mortgage crisis of the late 2000s. In an opinion piece for The New York Times on Thursday, Krugman said he’s “seeing uncomfortable
Citigroup is offering its vision for the future of flexible work with the release of new plans to transform its London headquarters. The Wall Street bank is to overhaul its iconic Canary Wharf Citi Tower — home to its U.K., Europe and Middle East operations — in a major bet on the continued relevance of
Consumer prices rose by 7 percent in 2021, the highest annual rate of inflation since 1982. Where did this inflation come from and what might its impacts be? Tax and fiscal policy offer important clues. Initially thought to be “transitory” and largely the result of pandemic-related supply-chain issues, many economists at the Federal Reserve and
California Governor Gavin Newsom on Thursday said the state’s in a “transformational moment” to shift away from fossil fuels, as climate change continues to fuel devastating wildfire seasons and historic drought conditions across California. The governor’s remarks to CNBC’s Yasmin Khorram come shortly after the state unveiled this year’s budget proposal, which invests $22 billion in new
In this article HOOD Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Stock-trading app Robinhood gave a bleak revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in users. Shares of Robinhood tanked
In this article HOOD Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Robinhood is planning to roll out a feature to let its millions of clients trade stocks well outside of normal market hours. “We’re also close to delivering a feature that our customers have been asking for: an ever larger
CNBC’s Jim Cramer on Thursday cautioned investors against rushing to empty or beef up their portfolios based on movements outside of normal U.S. trading hours. “Don’t pay attention to what the futures [are] doing. Pay attention to what you like,” Cramer said on “Squawk Box,” before stocks opened higher Thursday. “We have a lot of