Dec 14, 2018

Starbucks to tackle slow growth with UberEats deal, China expansion

Photo: Omar Marques/SOPA Images/LightRocket via Getty Images.

About 3,500 U.S. Starbucks stores will partner with UberEats beginning in 2019 and the company will double its outlets in China over the next four years to combat competition, Reuters said.

Why it matters: The Seattle-based coffee giant is fighting slow growth and as a result has slimmed down its brand by adding more drinks and food, closing Teavana stores, and shuttering 150 stores. Starbucks has not been able to drive customers into the stores based on hefty competition from small coffee chains and local coffee joints thats serve fresh food, per Reuters.

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MLB's Rob Manfred is latest villain in Astros' cheating scandal

Illustration: Aïda Amer/Axios

MLB Commissioner Rob Manfred's decision to grant Astros players immunity in exchange for confessions about their sign-stealing scheme has undermined his reputation — and he only made himself look worse on Sunday.

The interview: In a 45-minute conversation with ESPN, Manfred asserted that public shame was punishment enough for the Astros. He also called the World Series trophy "just a piece of metal" and said that taking a title away from Houston "seems like a futile act."

Go deeperArrow40 mins ago - Sports

Economists warn coronavirus risk far worse than realized

Photo: Anthony Wallace/AFP via Getty Images

Worries are growing that the economic impact from the novel coronavirus outbreak will be worse than expected and that markets are being too complacent in factoring it in as a risk.

What's happening: The number of confirmed cases has already far outpaced expectations and even those reports are being viewed through a lens of suspicion that the Chinese government is underreporting the figures.

National newspapers thrive while local outlets struggle to survive

Illustration: Sarah Grillo/Axios

While big national newspapers grow stronger, local newspaper chains that have for decades kept the vast majority of the country informed are combusting.

Why it matters: The inequity between giants like the New York Times and the Wall Street Journal and their local counterparts represents a growing problem in America as local communities no longer have the power to set the agenda for the news that most affects them.