On The Daily (OTD) - 13th August 2024

Top Stories Today: Starbucks and Google.

Table of Contents

Top Stories Today

Economy & Finance

Starbucks

Starbucks named Brian Niccol, the former CEO of Chipotle, as its new CEO, replacing Laxman Narasimhan after a short tenure. Niccol, credited with revitalizing Chipotle, will take on the challenge of turning around Starbucks, which has struggled with declining stock value and increasing competition. His appointment, seen as a significant win for the coffee giant, led to a 24% surge in Starbucks shares. Niccol will start on September 9, becoming the sixth CEO in Starbucks' history.

Technology

Google

Google has unveiled a new lineup of Pixel smartphones, including the Pixel 9, Pixel 9 Pro XL, and Pixel 9 Pro Fold, featuring deeper integrations with artificial intelligence. The launch, which occurred earlier than usual, highlights Google's push to keep pace with rivals like Apple in embedding AI into consumer products. New AI features include a Pixel-only tool for searching information in screenshots and the ability to overlay the Gemini chatbot on other apps. Despite holding a small share of the global smartphone market, Google aims to showcase technological advancements through its Pixel devices.

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