Barista Nicole Adams serves up a drink in March at a Starbucks in downtown Seattle. The company is expanding its coffee options to include a light roast and plans to create a new health and wellness brand.
Just four years ago, Starbucks seemed to be losing its mojo. Howard Schultz, the man who made Starbucks a household name, returned to the company as CEO. He closed hundreds of stores, streamlined operations and set the company on a path to record revenues and strong profits.
Starbucks serves 60 million beverages a week, which adds up to big profits. The company reports its earnings Thursday. In a bid to further expand its consumer base, Starbucks has a new roast and plans to produce more retail products to sell outside of its coffeehouses.
An Iranian man counts banknotes after exchanging a gold coin for cash in Tehran on Monday. Gold coins were being exchanged for over 10 million rials as the Iranian currency continues to lose value against the U.S. dollar.
Credit Behrouz Mehri / AFP/Getty Images
On Jan. 24, the exchange rate plummeted to 23,000 rials to the U.S. dollar. For years, the value of the Iranian currency was artificially maintained. Now, international sanctions and domestic politics are forcing a devaluation.
The value of Iran's currency — which had been sliding steadily for months — took another plunge this week. Faced with new economic sanctions from the U.S. and Europe, the rial now seems to be in free fall.
But at least part of the dive could be linked to currency manipulation by the government itself in an effort to fund candidates in upcoming elections.
In images posted on the Internet, hundreds of Iranians are seen gathered outside the headquarters of the Bank Melli in Tehran Monday. They wanted to buy dollars, but there were no dollars to be had.
Greece is broke. But there's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.
"You're taking some sort of loss," Hans Humes of Greylock Capital Management told me. "But it's like, how much of a loss do you take? There's this thing called sovereign immunity. You can't go in and take the Acropolis."
Alice Waters has moved from the kitchen to the garden to the soap box in her 40 years as a pioneer of the sustainable and locally grown food movement. But on one recent night, The Salt found her "hanging" in the National Portrait Gallery in Washington.
Heart disease remains the leading cause of death in the U.S. But who's at the most risk?
A study in the lastest New England Journal of Medicine offers a simple way to predict the risk of a fatal or debilitating heart attack or stroke for a middle-aged person over the rest of his or her life.
Men are more apt than women to lose thinking ability as they age, according to new research. And that mild cognitive impairment often leads to dementia.
But people can reduce their risk of mild cognitive impairment by staying healthy and educated, according to Rosebud Roberts, a professor of epidemiology at the Mayo Clinic who led the study. "There is a lot that people can do," she told Shots.
A day after delivering his State of the Union address to Congress, President Obama took his message on the road. Obama hoped that stops at manufacturing sites in Iowa and Arizona would drive home his point that the government should do more to encourage factory jobs.
The three-day trip also includes stops in Colorado, Nevada and Michigan. Those are all states likely to be important in the November election.
Obama kicked off his road trip at Conveyor Engineering and Manufacturing, a factory in Cedar Rapids, Iowa.
Treasury Secretary Timothy Geithner told Bloomberg Television today that he's "pretty confident" he won't be asked to stay in his job if President Obama is re-elected for a second term.
"He's not going to ask me to stay on, I'm pretty confident," Geithner said. "I'm confident he'll be president. But I'm also confident he's going to have the privilege of having another secretary of the treasury."