It’s become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated customers waiting for the drinks they ordered and overwhelmed baristas trying to keep up with it all. Fixing that problem will likely top incoming CEO Brian Niccol’s list of tasks to turn around the struggling coffee giant…
DETROIT — General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, CNBC has learned. The layoffs, including roughly 600 jobs at GM’s tech campus near Detroit, come less than six months after leadership changes overseeing the…
The Securities and Exchange Commission on Monday said it fined billionaire activist investor Carl Icahn and his company $2 million, settling allegations that he failed to disclose billions of dollars worth of personal margin loans pledged against the value of his Icahn Enterprises stock. Icahn and the publicly-traded company that bears his name settled…
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development. The future of those investments could hinge on the outcome of the U.S. presidential election. The prospect of a Republican victory…
Indian Prime Minister Narendra Modi will travel to Ukraine, officials said Monday, weeks after he made his first trip to Moscow since Russia launched its full-scale invasion. His forthcoming visit to Ukraine – also his first since the start of the war – comes at a crucial moment, as Kyiv’s troops push…
One body has been recovered and six people are missing, according to Italian authorities, after a luxury yacht sank off the coast of Sicily. A tornado hit the vessel around 5 a.m. Monday, according to a spokesperson for Italy’s Coast Guard. The yacht was anchored about a half a mile…
Sham Abu Tabaq, age 5, has a piercing stare. Behind her dark eyes are memories she has hardly begun to process. She has experienced war. She has been forced from her home. And she was in her father’s arms when he was fatally shot, and saw both him and her…
Nicaragua has revoked the registration of 1,500 non-profit organizations, the latest in a years-long crackdown in the small Central American nation. The organizations, which include hundreds of religious groups, are accused of failing to report their financial statements for a period of between one and 35 years, according to a…
A witty pun about a sailing trip has been crowned the funniest joke told at this year’s Edinburgh Festival Fringe. Thousands of performers flock to Scotland’s capital each year to entertain and delight crowds at the Fringe. British entertainment channel U&Dave, owned by British broadcaster UKTV, has handed out the…
The bodies of six Israeli hostages have been retrieved from Gaza during an overnight military operation, Israeli authorities said Tuesday. In a joint announcement, the Israel Defense Forces (IDF) and Israel’s security agency (ISA) named them as Yoram Metzger, Alexander Dancyg, Avraham Munder, Chaim Peri, Nadav Popplewell and Yagev Buchshtab. All but…