When it comes to coffee stocks, Starbucks (SBUX -0.60%) has set the bar. Even if you bought the stock early in 1995 (a couple of years after its initial public offering), you could have a gain of more than 10,000% if you still owned the stock.
A strike at Starbucks' U.S. stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to walk off the job, before the five-day work stoppage ends later on Christmas Eve, the workers' union said.
Starbucks (SBUX) closed the most recent trading day at $87.44, moving -0.6% from the previous trading session.
Circle Squared Alternative Investments founder Jeff Sica joins 'Varney & Co.' to discuss the impact of labor union strikes on the stock market. #foxbusiness #varney
A strike by workers against Starbucks Inc. (NASDAQ: SBUX), which initially closed stores in three cities, has expanded to nine states.
Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday.
At the time of this writing, Starbucks (SBUX -0.89%) has tumbled a painful 8.7% over the past week -- likely due to soaring Arabica coffee bean prices and a broader market sell-off.
Starbucks workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said late on Saturday.
"We are ready to continue negotiations to reach agreements," the company added. "We need the union to return to the table.
The Starbucks Workers United union says baristas will go on strike in three major U.S. cities. Transcript: CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange.
Starbucks' (SBUX) unionized baristas in Chicago, Los Angeles, and Seattle have walked off the job in a pay dispute, with the union representing them saying the strike will be expanded “from coast to coast” and extend until Christmas Eve.
Starbucks baristas at about 15 locations in Los Angeles, Chicago and Seattle walked off the job Friday morning in a holiday strike they say will spread to hundreds of stores by Christmas Eve next Tuesday unless the company ups its wage offer in contract negotiations that have been ongoing for the better part of the year.