Stock Market Winners & Losers: Stocks Lower as Rates Look “Higher for Longer” | Starbucks Wants to Speed Things Up a Bit | Return Fees Expand for Online Orders

Loser: Stocks lower as rates look 'higher for longer'
- Tech stocks led a retreat at the open, as Wall Street fretted about the message sent out by the Federal Reserve alongside its decision to hold interest rates steady.
- The prospect of a prolonged period of elevated rates has spooked some investors, as that would put pressure on stocks and bonds.
- WHOA!! 10 year treasury is at 4.47%
-General Motors and Stellantis announced layoffs affecting over 2,000 combined workers Wednesday, as the historic United Auto Workers strike continues on.
- Home sales fell 15% from last year, but prices continue to climb. The median price of a home sold in August was $407,100, up 3.9% from a year ago.
- Katy Perry Sells five album Music Catalog for $225 million. “I Kissed A Girl.” “Teenage Dream.” “Fireworks” Perry has secured a total of nine No. 1 songs on the “Billboard” Hot 100..
- Remember life before Fox and Beverly Hills 90210? Rupert Murdoch steps down as chairman of Fox and News Corp.

Loser: Starbucks wants to speed things up a bit
-TikTok and Instagram are filled with videos on special starbucks combinations.
- Starbucks has 383 billion unique latte combinations
- Starbucks is struggling to keep customer wait times down.
- Sbux app makes it easier to add extra pumps of…everything.
- Extra charges bring in over $1 billion in revenue every year.
- Starbucks is spending billions to speed things up:
• The chain introduced smaller ice cubes for easier scoopability
• Rolling out portable cold foamers to clear up prep space.
• Filed a patent for a machine that could automate drink-making.
- McDonalds and Popeyes also are always trying to speed up service.

Loser: Return fees Expand for online orders
- Last year US shoppers returned nearly 17% of the merch they bought — $816B worth.
- For every $1 billion in sales, the average retailer incurs $165 million in merchandise returns.
- Moreover, for every $100 in returned merchandise, there is $10.40 in return fraud.
- Free returns were introduced to encourage online shopping. It worked… maybe too well.
- Returns have emerged as a sore spot in e-commerce.
- Many customers order multiple items in order to try them out. This means the retailer has to keep a lot of extra inventory on hand. ,
- H&M’s return shipping fee in the U.S. is $5.99, except for loyalty members. as more retailers discourage customers’ send-it-back habits
- Even Amazon added a $1 fee in April to drop packages off at UPS when there’s an Amazon-owned drop-off alt like Whole Foods nearby.

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