Mike McNeil, author at Seeking Alpha, discusses why he is bullish on Starbucks stock for 2018. We also talk about the company's latest announcement that it will boost worker pay and benefits thanks to savings from the new U.S. tax plan. McNeil cites the company's expansion in China, its growing membership rewards program, and its ability to tailor menus based on store locations as reasons to be bullish on the stock.
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Layoffs are piling up, raising worker anxiety
It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.
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