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Starbucks’ surprise China sales drop drags profits below estimates By Reuters

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[ad_1] © Reuters. Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo Allegri By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks’ quarterly sales decline in China was four times worse than the coffee chain expected and it has no “line of … Read more

Ford posts lower profit, issues downbeat outlook; shares drop By Reuters

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[ad_1] © Reuters. FILE PHOTO: Workers plug in an electric Ford Mustang Mach-e electric vehicle during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble/File Photo/File Photo By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker … Read more