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- Starbucks closing 7 downtown San Francisco storesCoffee giant Starbucks is shrinking its footprint in downtown San Francisco following the announcement that it plans to close seven stores in the city's center even as it opens, reopens or renovates other locations in the city. Starbucks’ regional vice president for Northern California, Jessica Borton, informed employees at the stores slated for closure in a letter sent Monday that was first reported by the San Francisco Business Times. "There are several factors Starbucks considers when tasked with the tough decision of closing a store, but it is all part of ensuring a healthy store portfolio," Borton wrote, per the outlet. "We will continue to listen to the needs of our partners to ensure they can focus on crafting beverages and creating connections in a welcoming environment." SAN FRANCISCO, NEW YORK FACE ‘URBAN DOOM LOOP’ Starbucks will close seven stores in the San Francisco neighborhoods of Financial District, Cathedral Hill,… ..... Read More.4 hours ago
- LARRY KUDLOW: Trump is Biden’s worst enemyAs bond yields soar and stock prices plunge, Joe Biden talks about something called the "last gasp" of MAGA Republicans. Wow. He might want to take a look in the mirror at the latest batch of polling data from the highly respected IBD/TIPP poll, just out yesterday. Overall, President Biden's approval dropped 5 points from September's 41% to October's 36%. That's 36% approval, not much. Meanwhile, on the economy, 56% disapprove of Biden economic policies, a.k.a. Bidenomics, and only 24% approve. The IBD/TIPP financial stress index went up 2.4 to 70.5, and meanwhile, only 16% say wages are keeping up with inflation. Sixty-one percent say they're living paycheck-to-paycheck and a new study shows that while both home prices and mortgage rates continue to rise, the typical monthly cost of maintaining a home reached $2,053 in the third quarter, the first time ever that figure has gone above $2,000. The typical monthly… ..... Read More.4 hours ago
- Sam Bankman-Fried: Trial of ‘Crypto King’ beginsThe former crypto billionaire is accused of "one of the biggest financial frauds in US history". ..... Read More.4 hours ago
- Petrol prices rise for fourth month in a row – RACThe RAC claims drivers are being overcharged for petrol but retailers say they have higher costs. ..... Read More.5 hours ago
- Judge says Elon Musk can be sued for Twitter securities fraudA federal judge has denied billionaire Elon Musk's request to dismiss a proposed class-action lawsuit alleging he defrauded Twitter investors before buying the company last year. In a decision released Monday, U.S. District Judge Andrew Carter said Musk must face a lawsuit from shareholders who sold Twitter securities while Musk allegedly concealed his ownership stake in the company. The complaint concerns Musk's failure to disclose a 5% ownership stake in Twitter for 11 days past a U.S. Securities and Exchange Commission deadline. The judge did however dismiss an insider trading claim made against Musk, who rebranded Twitter to X after purchasing the company in a $44 billion acquisition. Attorneys for Musk did not immediately respond to a request for comment. X CEO SAYS PLATFORM TO BE PROFITABLE BY EARLY 2024 Shareholders led by an Oklahoma firefighters pension fund said Musk saved more than $200 million by adding to his Twitter… ..... Read More.5 hours ago
- China Is Suffering a Brain Drain. The U.S. Isn’t Exploiting It.China’s brightest minds, including tech professionals, are emigrating, but many are not heading to America. We spoke to them to ask why. ..... Read More.5 hours ago