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Yahoo
23 minutes ago
- Yahoo
Starbucks CEO talks rising coffee prices and tariffs
Coffee prices (KC=F) have risen more than 20% over the past year. President Trump's tariffs could cause them to climb even higher. Starbucks (SBUX) CEO Brian Niccol explains how the company prepares for higher prices and if it means you will have to start paying more for your morning cup. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. the outlook for coffee prices. Uh, first actually coffee prices have already climbed well off the canvas and now you have uh, potential tariffs, very high tariffs into the mix. When will the price of coffee at Starbucks be forced to go much higher because of these tariffs? You know, look, here's the good news is we are a very much diversified in our uh, coffee buying and also the guys do a great job of being smart about what we buy, when we buy, how we hedge it. And so, uh, it has minimal impact, uh, you know, in the very near term. So we're able to be thoughtful about what we need to do going forward. So, obviously we'll continue to keep a close eye on it. It's something that is a big deal to us and uh, we're going to continue to make sure that we navigate it smartly. Brian, so will you have to raise prices and do you think Starbucks has the ability to do that? You know, right now we don't have any plans to raise prices. Um, and in the future, if we find that we need to do something like that, you know, we'll be smart about how we increase those prices. Related Videos Starbucks CEO Brian Niccol talks Q3 earnings, turnaround strategy Starbucks earnings fall short, CEO touts turnaround plan Komatsu CFO on US Tariff Impact Reddit, Fannie Mae & Freddie Mac, Fluor: Trending Tickers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
Bad news flurry, IPO market, crypto dive: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton goes over the main themes from the trading day: the flurry of bad news with tariffs and jobs data, the return of the initial public offering (IPO) market with Figma's (FIG) public debut, and crypto's risk-market dive. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Related videos Europe's most expensive city revealed, as living costs near £3,500 per month Britain's gas imports surge as Miliband abandons North Sea How much do you need in an ISA to target a £5,000 monthly passive income? My Legal & General shares are suddenly being shorted! Should I worry? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CNN
25 minutes ago
- CNN
Trump faces continued Epstein fallout and a tariffs deadline as he returns from his Scotland trip
President Trump returns from Scotland and shifts his once 'firm' deadline for tariffs. Meanwhile, the family of Jeffrey Epstein victim, Virginia Giuffre, demands answers over Trump's admission of Giuffre being "stolen" from Mar-a-Lago. CNN's Kaitlan Collins reports on the week at the White House.