Starbucks and the union representing its employees are bringing in a mediator to revive stalled contract talks over wage increases, with a goal of finalizing a framework for contracts at unionized stores. A recent bargaining session saw Starbucks offering a 1.5% annual wage increase, prompting a five-day strike in multiple cities during the holiday season. Despite progress in other work conditions, the two sides remain at odds on key economic provisions, with workers citing concerns over understaffing and insufficient training as additional factors driving the push for unionization.
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Why TotalEnergies Stock Slumped Today
The stock of fuel and chemicals conglomerate TotalEnergies (NYSE: TTE) fell nearly 3% after the company reported second-quarter earnings, revealing net revenue of just under $44.7 billion, down from approximately $49.2 billion in the same period of 2024. In contrast, the S&P 500 index managed a slight gain on the same day. Want More Context? 🔎
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