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Apr 4, 2022

Starbucks suspends stock buybacks

Starbucks interim CEO Howard Schultz is returning to the company. He says a pause on repurchasing shares will give the company more room to invest in staff and stores. Plus, an effort by the Biden administration to bring more production of batteries for electric vehicles to the U.S. And, Amazon, Apple, CVS, General Motors, Kellogg’s and Starbucks are among the household brands that have come out against anti-LGBTQ laws in various states. We look at the business backlash to laws like the one Texas recently instituted, which orders the state to investigate parents for child abuse if their kids receive gender-affirming health care.

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A Starbucks logo hangs in the window of one of the chain's coffee shops in the Loop on January 4, 2022 in Chicago, Illinois.
A Starbucks logo hangs in the window of one of the chain's coffee shops in the Loop on January 4, 2022 in Chicago, Illinois.
Scott Olson/Getty Images

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