Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be tasked with turning around the company’s slumping sales, improving customers’ experience inside stores…
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Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates. Here are the key numbers: Earnings: 87 cents per share, adjusted, vs. 85 cents per share expected, according to LSEG. Revenue: $13.64 billion vs. $13.54 billion expected, according to LSEG. Cisco…
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Republican presidential nominee former President Donald Trump speaks at a campaign event at Harrah’s Cherokee Center on August 14, 2024 in Asheville, North Carolina. Grant Baldwin | Getty Images Republican presidential nominee Donald Trump attempted to paint a bleak picture of the U.S. economy Wednesday and pin it on his Democratic rival, Vice President Kamala Harris. But Trump frequently…
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