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Business Report: Starbucks shares plunge 16% as chain warns on 2024 profits, cites ‘higher inflation’ as ‘risk factor’

Business Report: Starbucks shares plunge 16% as chain warns on 2024 profits, cites ‘higher inflation’ as ‘risk factor’

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May 2, 2024: Dow surges over 500 points then plunges after Fed hints next move is rate cut
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Starbucks shares plunge 16% as chain warns on 2024 profits, cites 'higher inflation' as 'risk factor'
Java giant Starbucks is starting to feel the financial pinch as inflation-battered caffeine junkies turn away from drinks like their vente triple-soy lattes to lower…
Dow surges over 500 points then plunges after Fed hints next move is rate cut
The Fed concluded its two-day monetary policy meeting by letting the Fed funds target rate stand at 5.25%-5.50%.
Baby Boomers swindled out of $3.4B after falling victim to phone scammers in 2023: FBI
Baby Boomers were scammed out of more than $3.4 billion in 2023 by fraudsters who phone the aging victims with bogus offers of tech support…
Over 242,000 Ford Maverick trucks recalled due to risk of tail light failure
Ford recently launched a recall of over 242,600 Maverick trucks, citing an issue that may lead to their tail lights not lighting up.
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Chili's and Applebee's woo inflation-weary diners as fast food prices continue to climb
In the Big Apple, where a Big Mac meal can now cost $14 or more with tax, the new $10.99 "3 For Me" combo deal…
Airbnb offering exotic experiences from a Paris museum to the house in 'Up' — some for free
Airbnb wants to portray itself as a company that sells experiences and not just alternatives to staying in a hotel.
Delta Boeing 767 jet that dropped emergency slide is 33 years old — well past normal age for active airliner: experts
The chute from Delta Flight 520 had detached from a panel above the right wing shortly after the Los Angeles-bound plane took off from JFK…

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