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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McConnell Warns Biden He Won’t Help Dems Pass Future Debt-Limit Hikes

Senate Minority Leader Mitch McConnell (R-KY) speaks to reporters following the weekly Senate lunch at the U.S. Capitol in Washington, D.C., September 21, 2021. (Elizabeth Frantz/Reuters) Senate minority leader Mitch McConnell (R., Ky.) sent a letter to President Biden on

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