Canada Markets close in 6 hrs 7 mins

Fake Starbucks coupons circulate online promising free coffee for black customers

Sarah Whitten
Fake Starbucks coupons have begun circulating on social media in the wake of protests over the arrests of two black men who had asked to use a Starbucks restroom.

Fake Starbucks coupons have begun circulating on social media in the wake of protests over the arrests of two black men who had asked to use a Starbucks restroom.

The coupons, which feature images of Starbucks beverages, the brand's iconic color green and bar codes, appear to offer "people of color" or "African-American heritage" free drinks.

"This is completely false and in no way associated with Starbucks," a Starbucks spokeswoman told CNBC.

The images are being shared on 4chan, a website that gained notoriety for spreading pro-Trump memes and messages during the 2016 presidential election.

In 2017, members of this online community also attacked Starbucks, promoting "Dreamer Day," where immigrants would be given discounts. It was also a hoax.

The coffee giant has been under fire since a video of the two black men being arrested Thursday at a Starbucks in Philadelphia went viral over the weekend. The woman who posted the video said that staff at the coffee shop had called police because the two men had not ordered anything while they waited for a friend to arrive. Starbucks said earlier this week that the manager of the shop was "no longer at that store."

Starbucks said Tuesday it will be closing all of its company-owned restaurants in the U.S. during the afternoon of May 29 to conduct a racial-bias education program.


  • U.S. Stock Futures Drop on Fed's Nod to 2019 Hikes: Markets Wrap
    Finance
    Bloomberg

    U.S. Stock Futures Drop on Fed's Nod to 2019 Hikes: Markets Wrap

    The S&P 500 fell for a second day and continues to hover near the 2,800 level after Tuesday’s rally. Ten-year Treasury yields traded around 3.20 percent, while the dollar rose to the highest in more than a week as trade tensions between the U.S. and China showed no signs of retreating. The yuan touched

  • Stocks fall, Dow loses 150 points
    Finance
    Yahoo Finance

    Stocks fall, Dow loses 150 points

    All three of the major indices opened lower on Thursday jobless claims fell.

  • South Africa’s Economic Slump Doesn’t Just Hit South Africans
    Finance
    Bloomberg

    South Africa’s Economic Slump Doesn’t Just Hit South Africans

    The fortunes of Lesotho, Namibia, and Eswatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency against the dollar this year. The three nations, together with Botswana, also derive revenue

  • States Could Feel Conservative Tax Pinch Even If Blue Wave Wins
    Finance
    Bloomberg

    States Could Feel Conservative Tax Pinch Even If Blue Wave Wins

    The measure in Florida is part of a decades-long push by Republicans to make it harder for states to raise taxes, one that was inaugurated by the passage of California’s Proposition 13 two years before Ronald Reagan won the presidency. Similar proposals also appear on the November ballots in North Carolina

  • What we learned from millions of Russian and Iranian troll tweets
    Finance
    Yahoo Finance

    What we learned from millions of Russian and Iranian troll tweets

    Twitter's trove of data including millions of tweets from Russian and Iranian trolls reveals how the countries manipulate social media users.

  • Invesco to Buy OppenheimerFunds, Adding $246 Billion in Assets
    Finance
    Bloomberg

    Invesco to Buy OppenheimerFunds, Adding $246 Billion in Assets

    Invesco agreed to pay about that amount in a deal with Massachusetts Mutual Life Insurance Co. to acquire its OppenheimerFunds, which specializes in picking stocks and bonds especially in the international arena. At a time when many investors are deserting active funds for products that track indexes

  • These are the cities where college graduates are in demand
    Finance
    CNBC

    These are the cities where college graduates are in demand

    Most urban economies have more college graduates than they need, according to a new study by the Urban Institute.

  • Finance
    Bloomberg

    Palantir Weighs IPO Valued at as Much as $41 Billion, WSJ Says

    The firm co-founded by investor Peter Thiel is discussing plans with Credit Suisse Group AG and Morgan Stanley to go public as soon as the second half of next year, the paper said. After Palantir shared some of its financials, Morgan Stanley estimated a public offering in 2020 in the range of $36 billion

  • Indian gov't minister resigns, denies sex harassment claims
    Finance
    The Canadian Press

    Indian gov't minister resigns, denies sex harassment claims

    M.J. Akbar, India's junior external affairs minister, resigned Wednesday amid accusations by 20 women of sexual harassment during his previous career as one of the country's most prominent news editors, becoming the most powerful man to fall in India's burgeoning #MeToo movement. Akbar said

  • Oil Trades Near One-Month Low After U.S. Crude Stockpiles Surge
    Finance
    Bloomberg

    Oil Trades Near One-Month Low After U.S. Crude Stockpiles Surge

    U.S. inventories rose 6.49 million barrels last week, government data showed, more than twice the amount forecast in a Bloomberg survey. The gains were supported by U.S.-Saudi tensions after Trump pledged “severe punishment” should the kingdom be linked to Khashoggi’s disappearance. “Stocks are rising

  • Brexit uncertainty set to hobble UK economy through winter
    Finance
    The Canadian Press

    Brexit uncertainty set to hobble UK economy through winter

    The uncertainty over Brexit that's hobbling the British economy is set to go on for longer than expected, leaving companies and households in a limbo. When Britain triggered the two-year timetable to leave the European Union, October's summit of EU leaders was supposed to be the moment a Brexit

  • Santander Joins List of Banks in German Tax-Dodge Crackdown
    Finance
    Bloomberg

    Santander Joins List of Banks in German Tax-Dodge Crackdown

    The Spanish lender confirmed on Thursday that it is being investigated and said it is fully cooperating. It has also started an internal investigation to look into the allegations. A group of cooperating media organizations from a dozen countries, including Spanish newspaper El Confidencial, reported

  • May says Brexit transition era could grow, angers many in UK
    Finance
    The Canadian Press

    May says Brexit transition era could grow, angers many in UK

    British Prime Minister Theresa May came under attack from across Britain's political spectrum Thursday after saying she's considering a European Union proposal that would keep the U.K. bound to the bloc's rules for more than two years after it leaves in March. At present, the two sides say

  • Philip Morris quarterly results top estimates
    Finance
    Reuters

    Philip Morris quarterly results top estimates

    Philip Morris is pinning its hopes for the future on IQOS, which heats tobacco instead of burning it, thereby producing a vapor instead of smoke. Net revenue was $7.5 billion, up 0.4 percent, held back by currency fluctuations. Philip Morris stood by its 2018 forecast for diluted earnings per share

  • Primark sharpens ethical focus in bid for German customers
    Finance
    Reuters

    Primark sharpens ethical focus in bid for German customers

    The company's low prices came under scrutiny in 2013 after 1,129 people died in the collapse of a factory in Bangladesh, where clothes were made for brands including Primark. "Germany is the homeland of Aldi and Lidl so German customers appreciate low prices, good quality," said Wolfgang

  • Exclusive: Walmart set to deliver more products with high-tech help
    Finance
    Yahoo Finance

    Exclusive: Walmart set to deliver more products with high-tech help

    Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:00 a.m. ET.

  • 'She just threatened me to take more vacation!' The story of a Netflix employee whose boss insisted he take 2 weeks off holds an important lesson for any company
    Finance
    Business Insider

    'She just threatened me to take more vacation!' The story of a Netflix employee whose boss insisted he take 2 weeks off holds an important lesson for any company

    Many American workers don't use all their paid vacation days, if they are granted vacation days at all. Two Netflix recruiters revealed on the podcast "We Are Netflix" that at their company, employees are often encouraged to take more vacation if they've been in the office too long

  • Workers would pay to have a boss with these 10 traits, new research finds
    Finance
    CNBC

    Workers would pay to have a boss with these 10 traits, new research finds

    New research from New York University finds that both men and women see certain stereotypically male traits as must-haves for successful leaders. The research could explain why gender diversity in leadership has been so difficult to achieve.

  • A former Googler and Facebook exec says a simple shift in mindset can help you land the raise you want
    Finance
    Business Insider

    A former Googler and Facebook exec says a simple shift in mindset can help you land the raise you want

    Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler recommends that, before you ask your boss for a raise, you put yourself in their shoes. What are they going to be thinking and feeling when you start negotiating?

  • Cyprus airline Cobalt halts flights amid lack of investment
    Finance
    The Canadian Press

    Cyprus airline Cobalt halts flights amid lack of investment

    Cyprus-based airline Cobalt Air suspended all its operations indefinitely after failing to find new investors to keep it flying, officials said Thursday. As stranded passengers scrambled to find alternative flights to reach their destinations, Cyprus' government said it will compensate Cobalt Air

  • Jobless Claims Fell Last Week Amid Strong U.S. Labor Market
    Finance
    Bloomberg

    Jobless Claims Fell Last Week Amid Strong U.S. Labor Market

    Highlights of Jobless Claims (Week ended Oct. 13)Jobless claims decreased by 5k to 210k (est. While no states had estimated claims last week, the Labor Department said filings in Florida were affected by Hurricane Michael and North Carolina and South Carolina felt the effects of Hurricane Florence.

  • Scary financial tasks make most people run the other way
    Finance
    CNBC

    Scary financial tasks make most people run the other way

    Most people who find a financial task difficult don't seek help. Just 16 percent of those still saving for retirement and struggling with retirement planning look for professional help.

  • European Stocks Pare Gains as Spanish Banks Sink on Ruling
    Finance
    Bloomberg

    European Stocks Pare Gains as Spanish Banks Sink on Ruling

    (Bloomberg) -- European equities pared gains and turned flat on the day after Spanish banks dropped as the nation’s Supreme Court ruled they must pay mortgage-documentation taxes. U.S. equity futures are in the red ahead of their open and Treasury yields climbed back toward seven-year highs.

  • Farm-rich Salinas exemplifies California's housing struggles
    Finance
    The Canadian Press

    Farm-rich Salinas exemplifies California's housing struggles

    Middle-school English teacher Maryam Powers doesn't take vacations. Powers' family is reflective of many in this California city just inland from the tourism-rich Monterey Peninsula and an hour's drive south of Silicon Valley. Salinas — known as "Salad Bowl of the World" — is

  • Finance
    The Canadian Press

    A look at Salinas, California, farm-rich but unaffordable

    Here's a look at some key information about Salinas, one of the nation's least affordable metro areas to live. Agriculture is the major industry in Salinas, which sits at the north end of the Salinas Valley producing most of the world's lettuce and other leafy green vegetables. — TITLES