Starbucks Stock News

Twenty-six U.S. senators and 82 House representatives have written to Starbucks CEO Brian Niccol, urging the company to resume talks with its workers union, the lawmakers said on Monday.

Last week Starbucks announced that its coffee delivery business is now a $1.0 billion business. Yes, that's right, $1.0 billion.

When the coffee chain introduced a limited-edition ‘Bearista' holiday cup this week, supply quickly ran out. Customers are in open revolt, and resellers are cashing in big.

Starbucks Workers United, representing approximately 9,000 baristas in 550 stores located in 25 major cities, voted overwhelmingly to strike on Thursday, November 13, coinciding with the company's ‘Red Cup Day' promotion, unless a final employment contract agreement is reached.

The coffee maker is selling a 60% stake in the business to Boyu Capital.

Restaurants that cater to lower-income consumers are underperforming higher-priced eateries. It's another sign of the economy's bifurcation.

Starbucks Workers United said 92% of its members voted to authorize the unfair labor practice strike, which comes just ahead of Starbucks' promotional Red Cup Day on Nov. 13.

Starbucks union baristas have voted to authorize an open-ended strike. The strike would disrupt Red Cup Day, one of the company's biggest sales days of the year, and potentially the broader holiday season.