The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Opening Tuesday in the Chinese city is Starbucks' second Reserve Roastery, a "megastore" that is more of a mecca for coffee lovers than a traditional cafe.
The locations, which feature small-batch roastings of rare and exotic coffees, are under the careful watch of former Starbucks CEO Howard Schultz. Schultz stepped down from his post in April to focus on those coffee bars and remained on as the company's executive chairman.
It is Starbucks' hope that the Roastery locations will become destinations for coffee drinkers rather than just a place to stop while you're at the mall. That's especially the goal as more customers swap their spending to online stores and visit brick-and-mortar shops less often.
The company has even enlisted the help of e-commerce giant Alibaba to create an augmented reality experience within the Roastery.
The company's flagship Reserve Roastery and Tasting Room opened in its home market of Seattle in 2014. Starbucks has said it could open as many as 20 to 30 Roastery stores around the world.
The Shanghai location is just one of five Roasteries expected to open before 2020. Roasteries are currently slated to open in Milan and New York in 2018 and in Tokyo and Chicago in 2019.
China has become Starbucks' second-largest and fastest growing market.There are more than 3,000 Starbucks stores in China, with 600 in Shanghai alone, and Starbucks plans to increase that number to 5,000 by 2021. At this rate, the coffee giant estimates that a new store opens ever 15 hours in China.
The design for the new Roastery was inspired by coffee and created exclusively for Starbucks' Chinese customers and will not be repeated in other locations. One of the key designs is the ceiling, which is comprised of 10,000 handmade wooden hexagon-shaped tiles. Starbucks said that the shape was inspired by an espresso machine.
Starbucks' Shanghai Roastery has three coffee experience bars, one of which is a whopping 88 feet long, the longest Starbucks coffee bar in the world.
The bars allow customers to be up close and watch as their coffee is brewed.
This Roastery has more than 100 beverages available for purchase, including Teavana tea infused with nitrogen and a new steam tea brewing technique.
Like the location in Seattle, the Shanghai Roaster will feature menu items that cannot be found at any other Starbucks location.
The Roastery in Shanghai also includes China's first Teavana Bar. The bar is made entirely out of 3-D printed recycled materials, the company said.
In addition, the light jade coloring of the bar was inspired by ancient green clay teapots, Starbucks said.
Princi, which made its debut in Seattle's Roastery last month, is also featured in Shanghai's Roastery.
This location will be manned by more than 30 skilled Chinese bakers and chefs and feature more than 80 items baked fresh on-site daily.
For those that visit Shanghai's Roastery, Starbucks has included an augmented reality experience. Customers can use their smartphones to learn more about key features within the Roastery.
Diners need only point their phones at items within the Roastery to get more information about them and Starbucks' history. The "tour guide" is powered by Alibaba.