Starbucks' clues to the state of the US economy

Corporate America is over-caffeinated, and much depends on the fragile US consumer

Starbucks isn't just the world's largest coffee chain. It's a bellwether stock, one that tells us a disproportionate amount about the American economy and where it may be headed.

When Mr Barack Obama was the President of the United States, he used to call Starbucks' former chief executive Howard Schultz for a read on the American consumer.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on September 10, 2019, with the headline 'Starbucks' clues to the state of the US economy'. Print Edition | Subscribe