TLDR 

MARKET RECAP → The Dow (DIA) fell for a second straight day as Trump’s tariffs fueled investor fears of economic fallout.

STARBUCKS TAPS NORDSTROM CFO AMID LEADERSHIP SHAKE-UP → Starbucks (SBUX) hired Nordstrom CFO Cathy Smith as part of a major exec overhaul under CEO Brian Niccol, aiming to revamp strategy and perk up sluggish sales. ☕

TESLA STOCK PLUNGES AS MUSK’S POLITICAL TIES STIR CONTROVERSY → Tesla tanked 28% in February as sales slowed, tariffs hit, and Musk’s political moves sparked global backlash. Meanwhile, competitors raced ahead in self-driving tech. 📉

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TODAY’S TOP NEWS

Starbucks Taps Nordstrom CFO Amid Leadership Shake-Up

☕ Starbucks (SBUX) poached Nordstrom CFO Cathy Smith to replace Rachel Ruggeri, continuing a leadership overhaul under new CEO Brian Niccol. Smith, a finance veteran with stints at Target (TGT), Walmart (WMT), and GameStop (GME), is set to start next month.

🔄 Niccol has reshaped Starbucks’ C-suite since taking over in September, bringing in executives from his previous roles at Chipotle (GMG) and Taco Bell (YUM). Recent departures included the North American CEO, president, and supply chief.

💰 Ruggeri, a 20-year Starbucks veteran, will stay on temporarily to assist with the transition. The move comes as Starbucks navigated slowing sales and sought fresh leadership to reinvigorate its brand.

TODAY’S TOP NEWS

Tesla Stock Plunges as Musk’s Political Ties Stir Controversy

📉 Tesla (TSLA) shares dropped 28% in February—their worst month since 2022—amid declining sales, lower vehicle prices, and Trump’s new tariffs impacting supply chains. The stock fell further in March despite Musk’s bold prediction of a “1000% gain” in five years.

⚠️ Musk’s growing political involvement, including his leadership of the Department of Government Efficiency (DOGE), fueled anti-Tesla sentiment across the U.S. and Europe. Protests, vandalism, and a “Tesla Takedown” movement calling for divestment gained traction.

 🚗 While Musk hyped Tesla’s future in autonomous driving and robotics, the company lagged behind competitors like Waymo and Chinese automakers. With controversy mounting and market share slipping, Tesla’s path forward looked increasingly uncertain.

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