for July. Economists expect consumer prices to have risen by 3% over the last year, which would be unchanged from June. On a month-over-month basis, expectations are for a 0.2% increase after a surprise decline in June prices.
Starbucks stock is surging Tuesday following the announcement that Chipotle's CEO Brian Niccol will be taking over as Starbucks' new chief executive, replacing Laxman Narasimhan. BTIG managing director Peter Saleh joins Market Domination to discuss the potential impact of this leadership change on Starbucks' future. Saleh expresses confidence in Niccol's appointment, noting he has "a lot of experience to bring with him.
While inflation hit 2.2% in June, signs of easing pressure in the services sector fuelled hopes of more rate cuts by the Bank.The rise of faux Spanish lager brand Madrí Excepcional is denting Carlsberg’s sales in the UK, the boss of the Danish brewer has said.The surprise operation has given Ukraine its biggest battlefield gains since 2022 after months on the backfoot.
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