Business
Starbucks Workers United escalates strike during busy holiday season
One week into what baristas have threatened to make the “largest, longest” strike in Starbucks’ history, the Workers United union said it is adding more than two dozen new cities and stores to its strike count.
The union said Thursday it will now be striking at 95 stores in 65 cities, with some 2,000 baristas now engaged in the action. On Wednesday, baristas and allies also picketed and held a rally outside of the company’s distribution center in York, Pa. Starbucks said there were no disruptions to its operations in York.
Workers United said the majority of stores where strikes were held had to close down on the first day of the strike due to staffing issues, and the lack of workers impacted some 50 locations in the days to follow. Starbucks said stores that had issues were often able to reopen quickly and that less than 1% of its locations are experiencing disruption from the strike.
The strike has so far not appeared to dent foot traffic and sales, according to the company and data from Placer.ai. The location intelligence tracking firm’s data show foot traffic on Red Cup Day, when the strike was launched, was up 44.5% compared to the daily average between Jan. 1 and Nov. 14 this year.
In a memo to workers last week, CEO Brian Niccol touted the success of the holiday launch so far.
“Together, we set new records. Last Thursday’s Holiday launch was our biggest sales day ever in North America. Then yesterday, we had our strongest Reusable Red Cup day in company history,” the memo sent Friday said.
Starbucks workers walk a picket line as they go on strike outside a Starbucks store on Nov. 13, 2025 in the Clinton Hill neighborhood of the Brooklyn borough in New York City.
Michael M. Santiago | Getty Images
The union began organizing at Starbucks in 2021 and says it now represents more than 11,000 workers across more than 550 stores. This week, it said five non-union stores filed for union elections, including locations in the Baltimore, Md. area, Harrisonburg, Va., and Little Rock, Ark. The company last week told CNBC that the union only represents 9,500 workers.
Workers United is seeking new proposals that address its top issues to finalize a contract. Those include improved hours, higher wages and the resolution of hundreds of unfair labor practice charges levied against Starbucks. The two parties have not been in active negotiations to reach a contract after talks between them fell apart late last year. The strikes have not changed that fact so far.
Starbucks and the union entered into mediation in February, and hundreds of barista delegates voted down the economic package Starbucks proposed in April. Both sides have pointed blame at the other for failure to reach a bargaining agreement, and say they’re ready to negotiate.
The strike has threatened to hurt business during Starbucks’ busy holiday season, which typically provides a sales boost and will be key to the chain’s plan to turn around performance in the U.S. under Niccol. Starbucks broke a nearly two-year streak of same-store sales declines in its most recently reported quarter. Past strikes have impacted less than 1% of its stores, the company said.
Starbucks maintains it will be ready to serve customers across its stores this holiday season.
“As we’ve said, 99% of our 17,000 U.S. locations remain open and welcoming customers —including many the union publicly stated would strike but never closed or have since reopened,” Starbucks spokesperson Jaci Anderson said in a statement regarding the strike escalation.
“Regardless of the union’s plans, we do not anticipate any meaningful disruption. When the union is ready to return to the bargaining table, we’re ready to talk,” Anderson said. “The facts are clear, Starbucks offers the best job in retail, with pay and benefits averaging $30 per hour for hourly partners. People choose to work here and stay here—our turnover is less than half the industry average, and we receive more than a million job applications every year.”
Business
Asian stocks today: Markets inch higher mirroring Wall Street gains; Kospi jumps 10%, Nikkei up 1,400 points – The Times of India
Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause on its downward rally to add a whopping 10% or 513 points, to reach 5,606. Japan’s Nikkei 225 also climbed 2.7% to 55,713. Hong Kong’s HSI also traded in green, rising 353 points to 25,603 as of 9:10 am. Shanghai and Shenzhen added 0.9% and 1.7% respectively. Gains elsewhere in the region were more modest. Australia’s S&P/ASX 200 added 0.3% to 8,927.20, while New Zealand’s benchmark index moved 0.9% higher. In contrast, US futures indicated a subdued start ahead. Futures linked to the Dow Jones Industrial Average were almost unchanged, while S&P 500 futures ticked up 0.2%. The S&P 500 advanced 0.8% on Wednesday, clawing back much of the decline seen since the onset of the Iran conflict. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite outperformed with a 1.3% gain. Globally, market sentiment has remained sensitive to developments in the Middle East, with oil price swings continuing to steer trading direction. Crude prices eased during Wednesday’s session. Brent crude briefly moved above $84 a barrel before settling at $81.40, roughly matching the previous day’s level. US benchmark crude edged up 0.1% to finish at $74.66 per barrel. By early Thursday, however, oil was on the rise again. Brent crude climbed 2.4% to $83.32 per barrel, while U.S. benchmark crude jumped 2.5% to $76.53 per barrel.
Business
China sets lowest economic growth target since 1991
It is also the first time the target has been lowered since it was cut to “around 5%” in 2023.
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Business
World’s Second-Largest Shipping Firm Maersk Suspends Cargo Bookings Across West Asia Amid War
Last Updated:
Maersk has halted cargo bookings to several West Asian ports due to war disruptions. Affected ports include UAE, Iraq, Kuwait, Qatar, Bahrain, most of Oman, and two in Saudi.

Maersk cited regional conflict and personnel safety as it suspended cargo bookings across West Asia, signalling growing disruption to global trade routes. (IMAGE: REUTERS)
Maersk, the world’s second-largest container shipping company that handles a significant share of global trade, said it has suspended cargo bookings to and from several ports in the West Asia region as the ongoing war begins to disrupt global shipping routes.
The company on Wednesday said it will no longer accept cargo bookings involving ports in the United Arab Emirates, Iraq, Kuwait, Qatar, Bahrain, most of Oman and two ports in Saudi Arabia, according to a report by Barron’s.
However, the suspension will not apply to shipments of critical food supplies, medicines and other essential goods, which will continue to move through the region.
Maersk said the decision was part of operational measures aimed at protecting personnel and safeguarding cargo amid the escalating conflict.
“We are taking operational measures to ensure the safety of our personnel, safeguard your cargo and maintain service stability across affected trades in the Middle East,” the company said in a statement accessed by Barron’s.
Maersk had earlier announced that it would reroute vessels bound for the Suez Canal around the southern tip of Africa and suspend all vessel crossings through the Strait of Hormuz as tensions escalate in the region.
The changes mean ships travelling between Asia and Europe may now take longer routes around the Cape of Good Hope, adding time and cost to global shipping, the news agency said in its report.
Financial markets also reacted to the development. Shares of Maersk traded in Denmark fell nearly 2% on Wednesday following the announcement.
The disruption comes as insurance providers pause coverage for vessels operating in parts of the Gulf amid the intensifying conflict.
US President Donald Trump on Tuesday said the United States Navy would escort oil tankers through the Strait of Hormuz if necessary, as concerns mount over energy supply disruptions.
Copenhagen, Denmark
March 05, 2026, 02:15 IST
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