You’ll want to milk this new Starbucks deal. The java chain is making a major update to its menu that will save its plant-based customers some extra dough. Starbucks will no longer charge a fee for substituting non-dairy milk in beverages, the company announced in a press release on Wednesday. Starbucks will no longer charge … Read more
LONDON — U.K. Treasury chief Rachel Reeves conceded Thursday that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees. On Wednesday, Reeves raised taxes by around 40 billion pounds ($52 billion) to plug a hole she claims to … Read more
WASHINGTON — As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. The Commerce Department reported that prices rose just 2.1% in September from a year earlier, down from a … Read more
Boeing workers gather on a picket line near the entrance to a Boeing facility during an ongoing strike on October 24, 2024 in Seattle, Washington. David Ryder | Getty Images Boeing‘s more than seven-week machinist strike is set to hit Friday’s U.S. jobs report — the last one that will be released before Nov. 5 … Read more
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.” The possible separation would not include broadcast network … Read more
The House Oversight Committee is calling for Federal Trade Commission Chair Lina Khan to be replaced, accusing her of infusing the powerful agency with “left-wing ideology” and allowing it to be used as a “political tool” for Democrats as the 2024 presidential election comes to a head. The GOP-led panel ripped he 35-year-old US regulator … Read more
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022. Carlo Allegri | Reuters Starbucks CEO Brian Niccol said the coffee chain plans to buy roughly 200,000 Sharpie markers as part of his plan to take the coffee chain back to its roots. He’s betting that more personal touches — … Read more
LONDON — Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products, the 27-nation bloc’s executive arm said on Thursday. The European Commission opened its investigation five months after adding Temu to the list of “very large online platforms” needing the strictest level of … Read more
The Morgan Stanley headquarters in New York on Dec. 27, 2023. Angus Mordant | Bloomberg | Getty Images Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. The investment bank’s wealth management division on Thursday announced the launch of what it is calling Parametric Custom Core Sports League … Read more
BBC Anthony Pender runs two pubs and a restaurant in London The Budget is “catastrophic” for the pub industry and will see the price of a pint rise by as much as 40p, a pub boss has warned. A combination of hiking the amount employers pay in National Insurance and increases to the minimum wage … Read more