Starbucks CEO defends wage hikes as stock falls 7% on coffee chain’s weak earnings outlook

Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks CEO Kevin Johnson on Friday defended the coffee chain’s plans to hike wages for baristas at least twice next year, saying that the move will help the company gain market share.

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Alphabet and Microsoft rise to records after quarterly earnings beat estimates

Shares of Alphabet and Microsoft rallied to record highs on Wednesday after both companies reported third-quarter results that surpassed analysts’ expectations. The stocks helped lift the tech-heavy Nasdaq Composite higher even as the S&P 500 was little changed and the

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