Wall Street Breakfast Starbucks facing biggest barista strike yet
Dec 24, 2024
A record number of baristas at Starbucks are poised to strike on Christmas Eve, potentially shaking up holiday operations. Meanwhile, American Airlines faced a hiccup as it briefly grounded all flights, and Netflix prepares to debut NFL broadcasts, tackling past streaming hurdles. In the banking sector, major banks are suing the Federal Reserve over stress test guidelines. Additionally, rising labor costs at a London brokerage prompt uncertainty about future investments and market strategies.
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Biggest Barista Strike at Starbucks
- Starbucks faces its largest barista strike yet, with 60 stores temporarily closed.
- The strike before Christmas is projected to be the largest ever, impacting over 300 stores nationwide.
Market Rebound Amidst Strike
- Despite the strike, Starbucks shares snapped an eight-session losing streak, closing up 2.8%.
- The stock market overall saw gains, with Nasdaq leading the charge at +1.35%.
American Airlines Ground Stop
- American Airlines briefly grounded all U.S. flights due to a vendor technical issue.
- Flights have resumed after the ground stop was lifted, with American Airlines issuing a travel alert.