LIVE: Starbucks Raises Wages, Record Credit Card Debt, and Lucid's Quarter Results

<p> Welcome to another captivating episode of OVTLYR Live, where we bring you the latest headlines and trading insights. Today, we&#39;ve got three major stories that are sure to keep you engaged. Let&#39;s dive in! Starbucks Raises Wages Without Price Hike! ☕ In an era where price hikes have become commonplace, Starbucks is making headlines with an uncommon approach. They are giving their diligent employees a raise without passing on the cost to you, the loyal customer. While a 3% wage increase might not sound groundbreaking, it&#39;s a notable step, especially in today&#39;s economic climate. A few weeks ago, we discussed how government intervention in California forced McDonald&#39;s and Chipotle to increase their employees&#39; wages. The responses were mixed, with some applauding the move, while others believed it was merely a small step. Now, Starbucks is following suit, committing to a minimum 3% wage increase, effective from January 1st. You might wonder, what can a 3% raise truly achieve? It may not buy you a mansion, but it&#39;s a start. Starbucks framed this announcement as part of an expanded benefits package for its employees. They are quick to highlight that this wage increase is well above the industry average. Although we may not have exact figures on the industry average, a 3% increase, while not earth-shattering, is a move in the right direction. But here&#39;s the real game-changer—Starbucks has no intention of raising menu prices to offset the wage increase. Yes, you heard it right! In a time of rampant inflation and companies swiftly passing on the financial burden to consumers, Starbucks is taking a bold stance by absorbing the cost themselves. This marks a significant shift in the fight against rising prices and inflation. If we can increase our incomes without a corresponding increase in prices, we, as consumers, are the true beneficiaries. Starbucks is setting an example for others to follow. The only thing that would be better is if they decided to reduce their prices to attract e