Luckin Coffee Left a Bad Taste in Investors’ Mouths
Luckin Coffee was a popular Chinese coffee giant. However, the stock has lost its desirability due to accounting fraud accusations.
How Strong was Starbucks’s Brew in 2019?
Starbucks (SBUX) stock appreciated 36.5% in 2019. Plus, the stock beat the benchmark S&P 500 Index, which surged 28.9% last year.
Luckin Coffee Sinks on Wider-than-Expected Loss
Luckin Coffee (LK) is a fast-growing Chinese coffee chain. It was founded two years ago, and since then, it’s opened thousands of stores in China.