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BBCNEWS Asia July 4, 2024

Michelle fleury has more. Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that
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BBCNEWS Asia July 4, 2024

Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wa ....

To Aa Plus , Government Debt Burden , Risk Profile , Credit Ratings , Debt Ceiling Agreement , Us Treasury , White House , Cafe Giant Starbucks , Treasury Secretary , Janet Yellen , Coffee Chain , Beat Expectations , Michelle Fleury , 9 2 Billion , Iced Coffee , Earnings Season , Big Question , North America , Customer Traffic , Wall Street , Store Sales , Wage Increases , Laxman Narasimhan , Howard Schultz , Union Organizing , In March ,

CNNW CNN July 6, 2024



hello, everyone. thanks for joining me this saturday. i m fredricka whitfield. we begin this hour in washington where right now negotiators are back at the table as they race to end the debt ceiling standoff. republican leaders and white house officials are returning a short time ago, after a marathon session lasted well into the night, the clock is ticking, to get a deal in place, before the u.s. defaults on its loans. the national deficit continues to soar. with no rise to the borrowing limit, the u.s. will default on its loans which could be catastrophic to the economy. the treasury secretary now is saying the deadline for an agreement is just eight days away. but talks are teetering on the brink, with at least one top republican negotiator warning that a deal could come together as soon as today, or fall apart entirely. cnn is following the latest. good morning. you re on capitol hill, and you spoke to the house speaker kevin mccarthy. what did he say? is he optim ....

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BBCNEWS Asia Business Report June 4, 2024 00:34:00

For travelers. i think a really big consideration is, again, it s when they re going to be going. but also its so important to keep in mind, especially for those bucket list trips, you know, if i want to see some of the incredible sights in europe or the majesty of kyoto, i m going to go. so it s going to be a lot more about when i go and not necessarily changing the destination. let s talk about travel insurance. does travel insurance these days cover any of these cataclysmic events? well, i think the best thing that s actually really come out of covid, in fact, is this growing adoption of cancel for any reason insurance. this is something that more and more travel companies are adopting. and i think really this is going to become a mainstay for for travelers. this is something the industry really tried to push just to get travelers back into the market and traveling again. and i think now every traveler has got to be thinking about incorporating travel ....

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