coffee

Close on heels of the resignation of an independent board director, embattled Luckin Coffee Inc – ADR (NASDAQ: LK) is contending with incremental negative news.  What Happened: Luckin's lenders, led by Credit Suisse, have won a court order to recover debt owed to them by the...

Scandal-tainted Luckin Coffee Inc – ADR (NASDAQ: LK) is finding it hard to retain talent and advisors. What Happened:  The Chinese coffee retailer, which has been embroiled in a controversy over financial irregularities that claimed its CEO and COO, announced Friday it has been...

Global coffee and food chain Starbucks Corporation (NASDAQ: SBUX) released an update Wednesday on its U.S. and China businesses.  Starbucks Moves Beyond 'Mitigate And Contain': Starbucks said it is ready to move beyond the "mitigate and contain" phase to a "monitor...

Scandal-stained Luckin Coffee Inc – ADR (NASDAQ: LK), which saw its shares slump to a low of $1.33 May 22 on delisting risk, has seen strong momentum this week. Accounting Scandal Craters Stock Touted as a threat to Starbucks Corporation (NASDAQ: SBUX) in China, the coffee retailer was...

Luckin Coffee (NASDAQ: LK) board has terminated Jenny Zhiya Qian and Jian Liu from the positions of the CEO and the COO, respectively. The termination of the two positions are related to fabricated transactions disclosed April 2. The changes to Luckin's board of directors and senior...

Global coffee chain Starbucks Corporation (NASDAQ: SBUX) reported second-quarter results Tuesday that were notable for the disruption to its business from the coronavirus pandemic. Here's how the Street reacted.  The Starbucks Analysts Oppenheimer analyst Brian Bittner maintained...

Luckin Coffee Inc. (NASDAQ: LK) has confirmed the company is under investigation by a Chinese regulator. What Happened Luckin, a rival to Starbucks Corporation (NASDAQ: SBUX) in China, is being investigated by the State Administration for Market Regulation. The company stated that its stores...

The disclosure of the fraud by Luckin Coffee (NASDAQ: LK) has shaken the faith of investors in Chinese companies listed on United States exchanges, Citron Research founder Andrew Left told the Financial Times on Sunday. "It makes you question the whole system, honestly," the short-seller...

Starbucks Corporation (NASDAQ: SBUX) announced Wednesday that its second-quarter earnings could fall by as much as half, as sales have been negatively impacted by the coronavirus pandemic in the United States and China, its two largest markets. What Happened Saying it has “greater...

The People's Republic of China securities regulator said Friday that it will investigate Luckin Coffee Inc.'s (NASDAQ: LK) finances, as reported by Reuters. What Happened The China Securities Regulatory Commission "strongly condemns" financial misconduct by Luckin, the...

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Luckin Coffee Inc - ADR (NASDAQ: LK) crashed 75% Thursday morning after the company withdrew previous financial statements and said its COO has been involved in fabricating transactions over the past year. Luckin's Financial Investigation  In a new filing, Luckin said an internal...

Coffee chain Starbucks Corporation (NASDAQ: SBUX) plans on buying back additional shares of its stock as it looks to take advantage of its "strong balance sheet," CEO Kevin Johnson said Wednesday on CNBC's "Mad Money." The Starbucks Buyback Program Starbucks has...

Travel plazas essential to truckers hauling critical freight during the coronavirus pandemic are balancing social distancing and serving hungry drivers and those wanting a shower. With the suspension of federal hours-of-service regulations for critical medical and other cargo, independent travel...

Ongoing coronavirus-related concerns prompted two companies to temporarily halt fan-favorite activities. Coffee chain Tim Hortons will not feature its yearly Roll Up the Rim promotion while Costco Wholesale Corporation (NASDAQ: COST) won't offer food samples. Roll Up The Rim Iconic Canadian...