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Starbucks Stock Rises Despite NYC Mayor’s Boycott Call Amid Labor Strikes

Starbucks Stock Rises Despite NYC Mayor’s Boycott Call Amid Labor Strikes

Author:

Global Cryptocurrency

Published:

2025-11-17 18:06:02

19

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BTCCSquare news:

Starbucks shares edged higher in Monday trading despite calls for a boycott by New York City Mayor Zohran Mamdani. The Democratic socialist urged consumers to avoid the coffee chain in solidarity with workers staging Unfair Labor Practices strikes across 65 stores—a fraction of Starbucks' 16,864 locations.

The company reported record sales during its Red Cup Day promotion, signaling muted impact from the labor action. Market participants largely disregarded the political rhetoric, focusing instead on operational resilience. Striking workers threaten to expand protests to 500+ stores if contract negotiations remain stalled.

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