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Starbucks rallies on hopes relations with China will improve after the U.S. pulls back from high tariff rates
Starbucks (NASDAQ:SBUX) broke higher in Monday trading after the U.S. and China agreed to lower tariffs. Investors may be hoping for a cooling of the broad global trade war beyond just China.
China's May export growth slows as tariffs take toll
China's export growth slowed down to a three-month low in May, official data showed on Monday, while shipments to the U.S.
+11 relevant news
CNN1y
Starbucks bets on China with $220 million roasting and distribution center
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Starbucks says it ...
The Motley Fool2y
Will Starbucks' Struggles in China Last? Here's What Investors Should Know
making the country Starbucks' second biggest market. So, it's hardly a surprise that any adverse impacts in the nation can have a huge impact on the overall business. The trends in China ...
Yahoo Finance2y
Starbucks earnings beat, China sees better-than-expected sales growth
Starbucks (SBUX ... store sale estimates in China, up 3% compared to Wall Street estimates that expected a loss of 9.86% as the country continues to recover from the impact of the COVID-19 ...
CNN1y
Starbucks’ sales in China come roaring back
Starbucks’ China business is back after dropping due to Covid restrictions last year. In the three months ending on July 2, sales at Chinese locations open at least 13 months spiked 46% year ...
Fast Company2y
China first: The untold story of how Starbucks has cozied up to the Communist Party in pursuit of explosive growth
In response, Starbucks promised to increase pay raises and improve benefits—for the nonunion employees. A regional office of the National Labor Relations ... café opens in China every nine ...
Business Insider9mon
China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
Starbucks' comparable sales in China are slumping, with a 14% drop in the most recent quarter. Its then-CEO put it down to weak consumer spending and a coffee store "price war" in a July investor ...
Seeking Alpha2y
Starbucks: All Eyes On China
I believe that Starbucks China can reach 4%-6% comparable store sales growth again in the long-term as the company benefits from the increasingly growing specialty coffee market. But the impact ...
NPR12mon
The Supreme Court's ruling in favor of Starbucks could impact unions everywhere
They said Starbucks is retaliating against us for trying to organize a union. So they filed a complaint with the National Labor Relations Board ... could be very little impact.