Business

Outgoing Starbucks CEO Howard Schultz says that he’ll never return to the top job after the coffee giant announced a new succession plan last week. “I’m never coming back again, because we found the right person,” he said on CNBC’s “Squawk Box” on Wednesday. Laxman Naramsimhan, who is currently the …

Check out the companies making headlines before the bell: Coupa Software — Shares surged 11.6% after the business management software company surpassed earnings estimates in its recent quarter, and issued strong full-year earnings and revenue guidance. Coupa earned 20 cents per share compared with estimates of 9 cents per share, …

Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio lost $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago levels and …

SKEGNESS, England – Aug. 30, 2022: Salt’s fish and chip shop in Skegness, Lincolnshire. Manager Liam Parker told CNBC the family business is looking to cut costs through the winter as soaring energy and fish prices weigh on small businesses. Elliot Smith/CNBC SKEGNESS, England — Traditional British fish and chip …

FedEx trucks at Indianapolis International Airport in Indianapolis, Indiana. Kaiti Sullivan | Bloomberg | Getty Images Check out the companies making the biggest moves midday Tuesday: Illumina — Shares of the biotech company rose 2.52% after Illumina said it plans to appeal a decision by the European Commission prohibiting the …

Justin Bieber has been forced to suspend the rest of his world tour after suffering a health setback. The 28-year-old pop star announced in a Tuesday post on his Instagram story that he has dealt with exhaustion while trying to get back on tour, and that the effort “took a …

Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative to the euro — meaning travelers can buy more overseas. related investing news ‘Get out of …

The amount of money you drop on subscriptions may be more than you realize, recent research suggests. More than half of consumers (54%) underestimate how much they spend monthly on subscriptions by at least $100, according to a survey commissioned by market research firm C+R Research. For 24%, the difference …

Reagan National Airport near Washington D.C. Leslie Josephs | CNBC The rocky summer travel season ended on a high note during Labor Day weekend with a surge in air travelers and relatively smooth operations across the U.S., according to data released on Tuesday. The Transportation Security Administration screened nearly 8.76 …

Trader on the floor of the NYSE Aug. 30, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks aim for a rebound The long holiday weekend might have done U.S. equities markets some good. The three major indexes looked …