The coffee giant's global sales dropped by 3% at all stores open for at least a year. Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees.
Industry
Tesla Recalls 1.8 Million Vehicles Over Unlatched Hood Issues
Tesla's latest recall is the biggest since December, when it recalled 2.03 million vehicles to install safeguards in its Autopilot features.
StubHub Accused of Tricking Customers Into Overpaying for Concert, Sports Tickets
The company's hidden fees can allegedly boost the total cost of a ticket by 40%. Millions of sports fans and concertgoers could have fallen victim to a deceptive pricing scheme at the online events platform StubHub that leads them to overpay for tickets, according to a lawsuit.
Taco Bell Could Soon See AI Tech at US Drive-Thrus
The AI tech aims to ease the workload of staffers and improve order accuracy. Taco Bell customers in the United States could soon have a different drive-thru experience as the chain looks to roll out AI drive-thru ordering.
Tesla Car Involved in Fatal Crash in Seattle Was Using ‘Full Self-Driving’ Mode: Police
The crash led to the death of 28-year-old motorcycle rider Jeffrey Nissen. A Tesla Model S car that was involved in a crash that killed a motorcyclist in the Seattle area in April was operating in "Full Self-Driving" mode at the time of the incident, police said.
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The Tesla analyst noted that he had to intervene on several occasions to avoid a crash during the test drive.
McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Bitcoin has surged to nearly $70,000, its highest since mid-June, driven by former President Trump's vow to make the US a crypto power in his speech during his campaign.
The Australian Stock Exchange (ASX) began its trading week strong after stocks based in the United States finished last week on the red, with investors continuing to bet that the Reserve Bank of Australia (RBA) would start cutting interest rates by September.
The payments company Lemon Squeezy announced that it has been acquired by competitor and industry giant Stripe for an undisclosed amount.
American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.
Rupert Murdoch argues that his other children would likely neutralize his media empire's right-leaning views if they get control of the assets when he passes away.
Under Prop 22, drivers for Uber and Lyft are not entitled to benefits such as overtime pay and paid sick leave.
