On Monday, Starbucks Corp. SBUX, -0.94 percent will begin a TikTok challenge with Grammy-winning singer Chance the Rapper, promoting the company’s ready-to-drink bottled and canned coffees. Starbucks joins a long list of firms that have recently teamed with famous stars in the music industry, like McDonald’s Corp.’s MCD, -0.78 percent BTS meal and Jack in the Box Inc. SPX, -0.01 percent, which partnered with Jason Derulo for a virtual restaurant. The stock of Starbucks has increased by 4.3 percent year to date, while the S&P 500 index SPX, -0.01 percent has increased by 14 percent. Continue reading
