Shake Up At Starbucks

August 13, 2024

Good Evening 🇺🇸,

What Happened Today,

Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol

After several quarters of weak sales, Starbucks has tapped Chipotle CEO Brian Niccol as Laxman Narasimhan's replacement.

www.cnbc.com/2024/08/13/starbucks-replaces-ceo-laxman-narasimhan-with-chipotle-ceo-brian-niccol.html

Starbucks poaches Chipotle CEO Brian Niccol
U.S. producer prices rise just .1% in July lower than expected, signaling inflation is cooling off
Stock Market up after positive inflation data, DOW up about 408 points/ S&P up about 90 points
Trump campaign hacked, Iran suspected to be behind it
3-year-old girl sleeping in a tent was attacked by a bear on Montana
President Biden visits New Orleans to promote new initiative to end cancer

Plus: A great article by the Mises Institute! Give it a read!

The socialist case against capitalism is not based upon facts of history, yet socialism is still seen as the superior moral system. Over time, capitalism creates wealth across society while socialism creates poverty. | @WanjiruNjoya
— Mises Institute (@mises)
4:07 PM • Aug 12, 2024

Quote of the day: “Life is what happens when you’re busy making other plans” -John Lennon

Have a great night!