Chipotle – One America News Network

A Starbucks coffee cup is seen inside a Starbucks Coffee shop in Washington, DC, April 17, 2018, following the company's announcement that they will close more than 8,000 US stores on May 29 to conduct "racial-bias education" following the arrest of two black men in one of its cafes. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Starbucks slashing 900 jobs, closing hundreds of stores in $1B restructuring move

Starbucks has announced plans to shutter its more “unprofitable” locations and slash 900 non-retail positions in order to reconsolidate the company — as part of a $1 billion restructuring plan.

NEW YORK - APRIL 7: Traffic and pedestrians crowds Times Square after the celebration of the 100th anniversary of Times Square April 7, 2004 in New York City. Times Square was created in 1904 when The New York Times moved into the neighborhood and the named was changed from Longacre Square by then Mayor George McClellan. (Photo by Stephen Chernin/Getty Images)

‘Woke’ Publicly-Funded Statue In Times Square Featuring 12-Foot-Tall Overweight Black Woman Prompts Instant Mockery

New York City’s Time Square has erected a 12-foot-tall “woke” statue of an overweight Black woman — supposedly meant to promote “greater cultural diversity.”

Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024. Starbucks is among the businesses impacted as Airlines, banks, TV channels and other businesses were disrupted worldwide on July 19 following a major computer systems outage linked to an update on an antivirus program. (Photo by ETIENNE LAURENT / AFP) (Photo by ETIENNE LAURENT/AFP via Getty Images)

Starbucks Replaces Its CEO With Chipotle CEO After Year Of Low Sales: ‘Management Shakeup’

The coffee giant Starbucks is replacing its CEO with the former head of Chipotle to be in charge of the Seattle-based coffee chain, with hopes of reviving sales and appeal to outside investors.

Brian Niccol watches his chip shot on the 10th hole during the second round of the AT&T Pebble Beach Pro-Am golf tournament at Monterey Peninsula Country Club - Shore Course. Ray Acevedo-USA TODAY Sports

Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar

Starbucks named Chipotle Mexican Grill head Brian Niccol as its new CEO in a shock move that sent the coffee chain’s shares up over 20%.

NEW YORK, NEW YORK - JANUARY 03: The New York Stock Exchange (NYSE) stands in lower Manhattan on January 03, 2019 in New York City. As a decline in Apple product sales in China continues to depress global markets, the Dow Jones Industrial Average fell over 200 points in morning trading. (Photo by Spencer Platt/Getty Images)

New York Stock Exchange Glitch Plummets Warren Buffett’s Berkshire Hathaway Stock 99%

A massive technical glitch at the New York Stock Exchange (NYSE) caused the wrong share prices to be displayed for several major companies, including Warren Buffett’s Berkshire Hathaway.

NILES, ILLINOIS - APRIL 30: People stand at a counter inside a McDonald's fast food restaurant April 30, 2003 in Niles, Illinois. McDonald's Corporation announced that results for the quarter that ended March 31 and showed a 7 percent gain in earnings per share (before the cumulative effect of accounting changes) on higher revenues. Comparable unit sales have declined. (Photo by Tim Boyle/Getty Images)

California Sees 7% Fast-Food Price Hike Amid $20 Minimum Wage Raise, Tops Nation

With the massive increase in minimum wage for fast-food workers in California, the Golden State saw their fast-food prices increase at least 7% in a six-month period.