Starbucks executive chairman Howard Schultz said Monday he would step down, further fueling speculation he will run for president. Schultz, who has endorsed Democratic candidates and criticized President Donald Trump, painted himself as a liberal with a mind for finances in an interview Tuesday morning with CNBC. “It concerns me that so many voices within the Democratic Party are going so far to the left,” he told Squawk Box.
Starbucks will close its more than 8,000 U.S. locations Tuesday afternoon for diversity training. The unusual move is designed to help restore the coffee chain’s image after employees at a Philadelphia location called police on two African-American men who sat down without ordering anything. The men said they were waiting for a business contact. All 175,000 Starbucks employees will take the “unconscious bias training,” a curriculum that focuses on prejudice people might not realize they have.
European companies are evaluating their options after U.S. President Donald Trump’s decision Tuesday to pull the United States out of the Iran nuclear accord. German multinational conglomorate Siemens and French airline manufacturer Airbus both said they would abide by reinstated U.S. sanctions against Iran but are waiting for more guidance on the specifics. U.S. Treasury Secretary Steven Mnuchin said he will revoke licenses held by Airbus and U.S.-based Boeing to sell jetliners to Iran but would negotiate certain exemptions. Beyond Boeing, the sanctions won’t have much effect on U.S.
Business | The data behemoths have great power, but they aren’t invincible
