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  • Baristas say that Starbucks is ignoring a huge problem that is impacting sales
    Finance
    Business Insider4 hours ago

    Baristas say that Starbucks is ignoring a huge problem that is impacting sales

    "The perception isn't the reality," one Chicago barista told Business Insider. Starbucks is at a critical juncture. While the company has consistently increased same-store sales in the US and globally for years, traffic in the second quarter was flat after dropping 2% in the first quarter of 2017 — meaning fewer people are visiting stores.

  • Bob Iger gave up on his dream job at 23, and ended up becoming Disney's CEO instead
    Business
    Business Insider6 hours ago

    Bob Iger gave up on his dream job at 23, and ended up becoming Disney's CEO instead

    Bob Iger has been the CEO of Disney for over a decade, and made $41 million for his trouble last year, but that doesn’t mean he made it to his dream job. In fact, on a recent Vanity Fair podcast, Iger shared that in his early 20s, he made the decision to abandon the career he’d set his sights on. In college, Iger did a fair amount of TV work, and immediately after he got a job at a small TV station in Ithaca, New York, as a weatherman.

  • Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
    Business
    MarketWatch34 minutes ago

    Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market

    Billionaire investor Paul Singer has a bleak outlook for Wall Street, and he has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to break out. Singer, who runs $33 billion hedge fund Elliot Management, wrote in a recent letter to investors that a bout of protracted low volatility and a tendency of stocks to levitate higher is likely to lead to near-term carnage in financial markets: Here’s how Singer puts it: The hedge-fund manager has raised some $5 billion in recent weeks, according to Reuters, that he says will be put to work when investor confidence finally gets brought to its knees. He raised the sum in about 24 hours, the report indicated. Lately, the