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September 01, 2020 1:37pm
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Starbucks’ Drop Weighs On Consumer Discretionary ETFs

Starbucks has dropped almost 5% on Wednesday, as the company reported it anticipates a loss in its fiscal third quarter, predicting it gave up as much as $3.2 billion in revenue on account of the coronavirus pandemic, which shuttered stores for months. Amid a broad market decline ahead of the FOMC...
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