Category: Business

  • NBA star Steph Curry’s wife closes Oakland store over safety concerns

    NBA star Steph Curry’s wife closes Oakland store over safety concerns

    Sweet July, a business owned by the wife of Golden State Warriors star Stephen Curry, announced on Sunday it was closing one of its California shops over safety concerns.

    The store wrote on its Instagram page it was closing its storefront in Oakland.

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    Golden State Warriors guard Stephen Curry and wife Ayesha Curry look on during the 2022 NBA All-Star Saturday Night at Rocket Mortgage Field House in Cleveland on Feb. 19, 2022. (Kyle Terada-USA TODAY Sports / IMAGN)

    “In order to prioritize the safety of our patrons and staff, we have made the difficult decision to close our Sweet July cafe and store in Oakland,” the post read. “We have loved being a part of Oakland and are grateful for the community that has opened their arms and embraced us. It has been an honor to serve you.

    “While this chapter comes to a close, Sweet July has exciting new ventures on the horizon that we can’t wait to share.”

    The last day will be Feb. 9.

    Ayesha Curry at the 2022 ESPYs

    Ayesha Curry arrives at the Red Carpet for the 2022 ESPY at Dolby Theater in Los Angeles on July 20, 2022. (Gary A. Vasquez-USA TODAY Sports / IMAGN)

    BRANDON MARSHALL’S ‘I AM ATHLETE’ AIMING TO PUSH BOUNDARIES WITH NEW REVOLT SPORTS PARTNERSHIP

    Ayesha Curry started the Sweet July brand in April 2020, starting with a magazine, product line and a store. The brick-and-mortar shop consisted of coffee, baked goods and other items. The Oakland store opened in 2021.

    Crime in Oakland appeared to be a thorn in the side of the business. The shop suffered a break-in in 2022, which led to the business temporarily closing. SF Gate reported at the time that glass at the front of the store was shattered, and some items were stolen.

    Curry’s brand name was inspired by the month three of her four children with the NBA star were born.

    Stephen and Ayesha Curry celebrate

    Golden State Warriors guard Stephen Curry, #30, and wife Ayesha react during the championship parade in downtown Oakland, California, on June 12, 2018. (Kelley L Cox-USA TODAY Sports / IMAGN)

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    Over the last two years, several businesses in Oakland have closed up shop, including an In-N-Out and a Denny’s.

  • State Farm asks California to approve rate hikes after wildfires

    State Farm asks California to approve rate hikes after wildfires

    California homeowners, already devastated by last month’s wildfires, could see their insurance rates go up by more than 20% if they’re covered by State Farm.

    California’s largest private insurer, State Farm, is seeking a 22% average rate increase for homeowners. In a letter urging the California Department of Insurance (CDI) to “immediately approve” the request, State Farm said the hikes would help “avert a dire situation.”

    An aerial view of homes which burned in the Eaton Fire on Jan. 19, 2025, in Altadena, California. (Mario Tama/Getty Images / Getty Images)

    CALIFORNIA INSURANCE CRISIS: LIST OF CARRIERS THAT HAVE FLED OR REDUCED COVERAGE IN THE STATE

    The insurer is looking to increase rates by 22% for non-tenant homeowners, 15% for renters and condo owners, and 38% for rental dwellings. In its open letter to the CDI, State Farm says the increased rates would go into effect on May 1, 2025.

    “As of February 1st, State Farm General (Fire only) has received more than 8,700 claims and has already paid more than $1 billion to customers,” the insurer wrote in a press release on its website. “State Farm General will ultimately pay out significantly more, as collectively these fires will be the costliest disasters in the history of State Farm General.”

    PASADENA, CALIFORNIA - JANUARY 7: Homes burn as powerful winds drive the Eaton Fire on January 7, 2025 in Pasadena, California. A powerful Santa Ana wind event has dramatically raised the danger of wind-driven wildfires such as the dangerous and destructive Palisades Fire near Santa Monica. The strong winds also forced President Joe Biden to cancel his plan to travel between Los Angeles and Riverside, California. (Photo by David McNew/Getty Images)

    Homes burn as powerful winds drive the Eaton Fire on Jan. 7, 2025 in Pasadena, California. (David McNew/Getty Images / Getty Images)

    WILL HURRICANES AND WILDFIRES CAUSE INSURANCE PRICES TO RISE NATIONWIDE?

    The insurer added that it must increase current rates to ensure it could pay possible future claims. Additionally, State Farm announced that rates for Californians would be going up because the “risk is greater” in the Golden State.

    “We look forward to working alongside regulators, policymakers and industry leaders on creating a sustainable insurance environment in California – one that balances risk and increased rates, ensures long-term market stability and keeps insurers like State Farm General a vital part of California’s future,” the company said.

    State Farm faced backlash at the height of the wildfires over a March 2024 announcement that it would discontinue coverage of 72,000 home and apartment policies in the summer. In March 2024, the insurer issued a letter to the CDI, saying the depletion of State Farm’s capital was “alarm signaling the grave need for rapid and transformational action.”

    PACIFIC PALISADES, CALIF JANUARY 7, 2024 A firefighting plane makes a drop on the Palisades fire in Pacific Palisades on Tuesday, Jan. 7. The Palisades fire is being pushed by gusting Santa Ana winds that were expected to continue for two more days. (Brian van der Brug / Los Angeles Times via Getty Images)

    A firefighting plane makes a drop on the Palisades fire in Pacific Palisades on Tuesday, Jan. 7, 2025. (Brian van der Brug / Los Angeles Times via Getty Images / Getty Images)

    STATE FARM, OTHER INSURERS SLAMMED FOR DROPPING COVERAGE

    While insurers can and do receive approvals for larger increases — State Farm secured a 20% increase in home and auto premiums in January 2024 and subsequently requested a 30% increase for home policies last summer — the process can be time-consuming and the size of rate hikes approved by the regulator may not be sufficient for insurers to continue offering policies while preserving their financial stability.

    The January 2025 wildfires only highlighted California’s ongoing insurance crisis as several providers had already fled the state, stopped writing new policies or otherwise reduced their risk exposure in the Golden State. This includes Allstate, Nationwide, and Farmers.

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    As of Tuesday, according to Cal Fire, the wildfires burned more than 57,600 acres and destroyed over 16,200 structures.

  • Super Bowl 2025: What this year’s game meal with cost

    Super Bowl 2025: What this year’s game meal with cost

    Wells Fargo economists said navigating the supermarket for the Super Bowl food will be a challenge, as game-day food pricing will fluctuate like a “seesaw.” Some fan favorites will cost as much as 12% more compared with last year, while others will see significant price decreases. 

    A menu of food and drinks for 10 people is estimated to cost just over $139, Wells Fargo Chief Agricultural Economist Michael Swanson said in a recent report. It’s in line with the same price paid in 2024, which was only about 10 cents more.

    “Consumers are faced with the new challenge of becoming ‘food fluent’ given ongoing price fluctuation,” the report said. The reason for this is that some categories can grow supply much faster, like field vegetables versus avocados, which take years to expand. Secondly, some categories just have strong consumer demand, according to Swanson.

    A menu of food and drinks for 10 people is estimated to cost just over $139, Wells Fargo Chief Agricultural Economist Michael Swanson said in a recent report. (Scott Suchman for The Washington Post  / Getty Images)

    “Unlike the last four years, there are both food prices that are falling as well as rising,” Swanson told FOX Business. “The option the last couple of years were whether they went up a lot or a little.”

    SUPER BOWL ADS FEATURE BILLY CRYSTAL, SHANIA TWAIN, POST MALONE AS STARS GEAR UP FOR THE BIG GAME

    He said that there are “important categories that are noticeably lower than last year.” For instance, he referenced categories like frozen pizza, which saw its price decline year over year. 

    “That speaks to a competitive supply taking advantage of good harvests for crops,” Swanson said.

    But this seesawing means that consumers will have choices that can save them money. For instance, Swanson noted that consumer demand drove up costs for things like avocados and chicken wings, but consumers can use shrimp tacos for savings with lower prices than a year ago.

    If saving money this year is top of mind, Swanson said this year’s Wells Fargo Agri-Food Institute pricing chart identifies what to avoid. 

    Chart showing food price differences from last year. (Wells Fargo Agri-Food Institute )

    SYDNEY SWEENEY JOINS MEG RYAN, BILLY CRYSTAL FOR ‘WHEN HARRY MET SALLY’ SUPER BOWL AD

    Vegetables: 

    Certain vegetables like broccoli saw costs fall 7.2% compared with 2024. But cherry tomatoes are up 11.9% compared with this time last year.

    Avocados: 

    Fresh avocado prices are up 11.5% compared with a year ago. Prepared guacamole dip is up only 1.5% over the same period. Making guacamole from scratch, despite the rise in avocados, will be cost-effective, according to Wells Fargo. 

    Avocados are seen in a grocery market in New York. (Tayfun Coskun/Anadolu Agency via Getty Images / Getty Images)

    Chicken Wings: 

    Chicken wing prices are up 7.2% versus last year. 

    Shrimp: 

    Whole frozen shrimp have come down 4% compared with last year.   

    Snacks 

    The costs for tortilla and potato chips are down, with the total cost of chips and guacamole dip two cents higher than in 2024. 

    Beverage 

    Beer and wine prices are up 2% compared with last year. Consumers who are opting for soda should grab two-liter bottles versus 12-ounce cans.

  • Voters reject Trump’s tariff push; most believe policy will hurt economy

    Voters reject Trump’s tariff push; most believe policy will hurt economy

    President Donald Trump has followed through on his campaign promise to impose tariffs on U.S. trading partners to secure concessions on a variety of trade and security issues, although a recent poll suggests voters are skeptical of that strategy and expect tariffs will hurt the economy.

    Over the weekend, Trump announced 25% tariffs on Canada and Mexico as well as 10% tariffs on China effective on Feb. 4, though on Monday he delayed the Canada and Mexico tariffs for at least 30 days after each country agreed to deploy 10,000 personnel to work on securing their borders with the U.S. He told reporters in the Oval Office on Monday that “tariffs are very powerful both economically and in getting everything else you want.” 

    “Tariffs, for us, nobody can compete with us because we’re the pot of gold,” Trump said. “But if we don’t keep winning and keep doing well, we won’t be the pot of gold and then tariffs won’t be so good for us. But when you’re the pot of gold, the tariffs are very good, they’re very powerful, and they’re going to make our country very rich again,” Trump added.

    While Trump is continuing to leverage tariffs against other countries in negotiations over trade, immigration and drug policies, a Fox News Poll conducted from Jan. 10-13 found that a majority of Americans expect tariffs will hurt the U.S. economy.

    HOW TRUMP’S TARIFFS CLOSED THE LOOPHOLE USED BY CHINESE RETAILERS

    President Donald Trump is delivering on his campaign promise to use tariffs as a negotiating tool – though a recent poll shows voters worry tariffs will hurt the economy. (Bill Pugliano/Getty Images / Getty Images)

    The Fox News poll, which interviewed a sample of 922 registered voters on a mix of landlines, cell phones, and an online survey after receiving a text, asked respondents if imposing tariffs on products imported from other countries helps the U.S. economy, hurts the economy, or doesn’t make much of a difference either way.

    It found that 50% of all respondents think tariffs will hurt the U.S. economy, while 32% believe they will help, and 15% think they won’t make a difference.

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    There was a notable partisan split in respondents’ views of the impact of tariffs on the U.S. economy. 

    Among Republicans who were surveyed, 55% said they think tariffs help, while 23% said they hurt and 17% thought there was no difference. 

    Over three-quarters of respondents who identified as Democrats, or 77%, said tariffs hurt the economy – while 11% said they help and 11% didn’t see a difference. 

    Mexican President Claudia Sheinbaum and President-elect Trump

    Mexican President Claudia Sheinbaum reached a deal with Trump to delay U.S. tariffs for at least 30 days while Mexico deploys 10,000 troops to the U.S. border to counter illegal immigration and drug smuggling. (Emmanuel Rosas/ObturadorMX/Getty Images, left, and Allison Robbert-Pool/Getty Images, right. / Getty Images)

    HOW TRUMP’S TARIFFS COULD AFFECT THE PRICE OF POPULAR FOODS

    A majority of independent voters were opposed to tariffs, with 55% saying they hurt the economy compared with 22% saying they help and 19% thinking they don’t make a difference.

    Separately, the poll asked voters whether they support Trump’s proposals to impose large tariffs on Canada and Mexico to get them to change their immigration policies. A 53% majority of respondents opposed the policy, while 42% were in favor and 6% said they don’t know.

    TRUMP REASSERTS TOWERING 100% TARIFF THREAT AGAINST BRICS COUNTRIES

    trudeau trump

    President Donald Trump and Canadian Prime Minister Justin Trudeau agreed to a deal that would see the U.S. delay tariffs for 30 days while Canada acts to help secure the border. (Dan Kitwood/Getty Images) / Getty Images)

    Voters were also asked what they think Trump’s top priority should be as president and while economic issues ranked near the top, implementing tariffs ranked near the bottom of the list.

    Immigration issues such as building the wall, curbing illegal immigration and deporting illegal immigrants were tied with the economy and job creation at 13% each. 

    Those were followed by addressing inflation and prices, which 11% of respondents viewed as their top priority for the president.

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    Just 1% of respondents indicated that implementing tariffs should be Trump’s top priority – which was tied at the bottom with eight other responses.

  • Trump tariffs prompt warnings from trade groups

    Trump tariffs prompt warnings from trade groups

    President Donald Trump’s move to impose tariffs on goods from Mexico, Canada and add further tariffs on China has sparked reactions from several trade groups, who warned the added taxes on imports will drive up costs for American consumers and producers.

    The president signed an executive order on Saturday that authorized a 25% tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, to go into effect on Tuesday.

    President Donald Trump delivers his inaugural address after being sworn in as the 47th president of the United States on Jan. 20 in Washington, D.C.  (Chip Somodevilla/Pool/AFP via Getty Images / Getty Images)

    The tariffs on goods from Mexico and Canada were both put on hold Monday for another month after the leaders of both countries agreed to concessions and continued discussions with Trump on how a trade war could be averted.

    But if an agreement is not reached, the tariffs on the two countries, as well as their threatened retaliatory tariffs on the U.S., could still go into effect.

    AUTOMOTIVE GROUPS REACT TO TRUMP TARIFFS ON IMPORTS FROM CANADA, MEXICO, CHINA

    Here are the reactions from several trade groups on the new tariffs:

    American Farm Bureau Federation

    The American Farm Bureau said President Zippy Duvall “expressed alarm about potential harm to farmers” as a result of the new tariffs.

    “Farm Bureau members support the goals of security and ensuring fair trade with our North American neighbors and China, but, unfortunately, we know from experience that farmers and rural communities will bear the brunt of retaliation,” Duval said in a statement.

    A farmer spreads fertilizer on his field. The AFBF warned that tariffs on Canada will drive up the price of fertilizer for American farmers (Harold Hoch   BC Last Look  RNP  Images (Photo By Harold Hoch/MediaNews Group/Reading Eagle via Getty Images) / Getty Images)

    The Farm Bureau chief pointed out that more than 80% of America’s supply of potash, a key fertilizer ingredient, comes from Canada, and warned tariffs that increase fertilizer prices “threaten to deliver another blow to the finances of farm families already grappling with inflation and high supply costs.”

    HOW TRUMP’S TARIFFS CLOSED THE LOOPHOLE USED BY CHINESE RETAILERS

    Duvall further noted that more than 20% of U.S. farm income comes from exports, and Mexico, Canada and China are the top three buyers. Combined, he said, those markets account for nearly half of all exports by value.

    Consumer Brands Association

    Tom Madrecki, the Consumer Brands Association’s vice president of supply chain resiliency, said the trade association supports an “America First Trade Policy,” but warned tariffs on all imported goods from Mexico and Canada “could lead to higher consumer prices and retaliation against U.S. exporters.”

    He added, “We urge leaders in Mexico and Canada to work with President Trump to protect consumers’ access to affordable products and remove tariffs that could contribute to grocery inflation.”

    National Association of Home Builders

    The National Association of Home Builders (NAHB) warned that the tariffs on Canadian and Mexican goods would hinder home builders and drive up the cost of housing further, and urged the Trump administration to reconsider the move.

    The National Association of Homebuilders warned that tariffs on Canada and Mexico would drive up the costs of critical building materials.

    “More than 70% of the imports of two essential materials that home builders rely on — softwood lumber and gypsum (used for drywall) — come from Canada and Mexico, respectively,” NAHB Chairman Carl Harris said. 

    “Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices.”

    National Association of Manufacturers

    National Association of Manufacturers President and CEO Jay Timmons praised the success of the United States-Mexico-Canada Agreement that President Trump implemented during his first term, but warned that tariffs on Canada and Mexico threatened U.S. supply chains.

    TRUMP TARIFF THREATS ON CANADIAN OIL COULD IMPACT THREE US REGIONS, GAS ANALYST SAYS

    “The ripple effects will be severe, particularly for small and medium-sized manufacturers that lack the flexibility and capital to rapidly find alternative suppliers or absorb skyrocketing energy costs,” Timmons said. “These businesses—employing millions of American workers—will face significant disruptions. Ultimately, manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting American jobs at risk.”

    National Retail Federation

    “We support the Trump administration’s goal of strengthening trade relationships and creating fair and favorable terms for America,” National Retail Federation Executive Vice President of Government Relations David French said in a statement. “But imposing steep tariffs on three of our closest trading partners is a serious step.”

    The NRF encouraged “all parties to continue negotiating to find solutions that will strengthen trade relationships and avoid shifting the costs of shared policy failures onto the backs of American families, workers and small businesses.”

    U.S. Chamber of Commerce

    U.S. Chamber of Commerce leaders warned both before and after Trump’s announcement that tariffs could cause economic harm to Americans.

    “The President is right to focus on major problems like our broken border and the scourge of fentanyl, but the imposition of tariffs under IEEPA is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains,” Chamber Senior Vice President and Head of International John Murphy said in a statement following the move.

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    Last week, both Murphy and U.S. Chamber President and CEO Suzanne Clark warned against the U.S. imposing blanket tariffs, with Clark saying in a statement, “The bottom line is this: tariffs are a tax paid by Americans, and their broad and indiscriminate use would stifle growth at the worst possible time.’

  • China responds with tariffs on US goods after Trump’s tariffs on Chinese imports

    China responds with tariffs on US goods after Trump’s tariffs on Chinese imports

    China imposed tariffs on some U.S. imports early Tuesday morning in response to new tariffs President Donald Trump placed on Chinese goods beginning at midnight.

    Trump had signed an executive order authorizing a 10% additional tariff on imports from China. 

    The order also included a 25% additional tariff on imports from Canada and Mexico, and an additional 10% tax on energy imported from Canada, including oil, natural gas and electricity. The president has since agreed to a 30-day pause on the tariffs on Mexico and Canada.

    The additional 10% tariff on all Chinese imports into the U.S. went into effect on Tuesday after Trump warned Beijing it was not doing enough to stop fentanyl from being trafficked into the country. Trump plans to speak to Chinese President Xi Jinping later in the week, according to the White House.

    AUTOMOTIVE GROUPS REACT TO TRUMP TARIFFS ON IMPORTS FROM CANADA, MEXICO, CHINA

    China imposed tariffs on some U.S. imports on Tuesday in response to new tariffs President Donald Trump put on Chinese goods. (Ton Molina/Bloomberg via Getty Images / Getty Images)

    China’s Finance Ministry said shortly after the tariff started that it would impose a tariff of 15% for coal and liquefied natural gas and 10% for crude oil, agricultural equipment and large-engine cars imported from the U.S.

    An anti-monopoly investigation into Alphabet Inc’s Google was also announced, while including both PVH Corp., the holding company for Calvin Klein and other brands, and U.S. biotechnology company Illumina on its “unreliable entities list.”

    Additionally, China’s Commerce Ministry and its Customs Administration revealed it is imposing export controls on some rare earths and metals that are critical for high-tech gadgets and the clean energy transition.

    The new tariffs on U.S. goods will start on Feb. 10, according to the ministry.

    Trump Oval Office

    President Donald Trump is expected to speak with Chinese President Xi Jinping later this week, the White House said. (Chip Somodevilla/Getty Images / Getty Images)

    During Trump’s first term, he started a two-year trade war with China over its massive U.S. trade surplus, with each side imposing tariffs on hundreds of billions of dollars worth of goods, hurting global supply chains and damaging the world economy.

    Trump had warned he might continue to increase tariffs on China unless it blocked the flow of fentanyl into the U.S.

    CHINA THREATENS TO RETALIATE AGAINST TRUMP TARIFFS

    The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston

    China has said it would challenge the tariffs at the World Trade Organization and look for other countermeasures. (Reuters/Brian Snyder/File Photo / Reuters Photos)

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    “China hopefully is going to stop sending us fentanyl, and if they’re not, the tariffs are going to go substantially higher,” the president said Monday.

    China has said the flow of fentanyl is a U.S. problem and that it would challenge the tariffs at the World Trade Organization and look for other countermeasures, although it also left the door open for dialogue.

    Reuters contributed to this report.

  • Starbucks to put out limited-time drinks ahead of Valentine’s Day

    Starbucks to put out limited-time drinks ahead of Valentine’s Day

    Starbucks is getting into the Valentine’s Day spirit through limited-time drinks.

    The coffeehouse chain said Monday that Chocolate-Covered Strawberry Creme Frappuccino and Chocolate Hazelnut Cookie Cold Brew drinks will go on sale at U.S. locations starting Tuesday in honor of the upcoming holiday.

    The limited-time Chocolate-Covered Strawberry Creme Frappuccino consists of a “blend of strawberry puree, Frappuccino chips, milk and ice” on top of a “splash of strawberry puree and finished with whipped cream and mocha drizzle,” Starbucks said. 

     A sign embellished with the Starbucks logo hangs near the entrance to the Starbucks coffee shop in Aspen, Colorado.  (Robert Alexander/Getty Images / Getty Images)

    Meanwhile, for the Chocolate Hazelnut Cookie Cold Brew, customers can expect Starbucks cold brew “sweetened with vanilla syrup and topped with silky, chocolatey hazelnut flavored cream cold foam and chocolate cookie crumbles,” according to the company. 

    STARBUCKS ROLLS OUT CHANGES, INCLUDING FREE REFILLS; BRINGS BACK CONDIMENT BARS

    U.S. Starbucks stores will continue to sell the two drinks “for a limited time while supplies last,” according to the Seattle-based company. Both previously appeared on Starbucks menus ahead of Valentine’s Day last year. 

    Their reintroduction on Tuesday will coincide with the company’s planned rollout of its new Blackberry Sage Refresher, Blackberry Sage Lemonade Refresher and Midnight Drink. 

    Those three beverages will also stay on Starbucks menus for a limited time. Unlike the frappuccino and cold brew drinks, however, Canadian stores will also carry the new refreshers and Midnight Drink in addition to U.S. locations, according to the company. 

    The Midnight drink “features flavors of sweet blackberries and sage with green coffee extract and blackberry inclusions mixed with coconutmilk and shaken with ice,” according to the company. 

    Starbucks noted the pair of Blackberry Sage refreshers mark the first instance of Refreshers pairing a “berry flavor with an herb.”

    People pass by a Starbucks coffee shop in Manhattan, New York, United States on Jan. 15, 2025.  (Mostafa Bassim/Anadolu via Getty Images / Getty Images)

    The company has plans to take a close look at its menu this year. 

    “In the coming months, you’ll see us begin to optimize our menu offerings, resulting in roughly 30% reduction in both beverages and food SKUs by the end of fiscal year 2025,” CEO Brian Niccol said in late January, adding the company will “work to lead this market with breakthrough beverage and food innovation” as it does that. 

    STARBUCKS CUTTING 30% OF ITS ‘OVERLY COMPLEX’ MENU

    “We’ll do this by being responsive to customer trends and their changing preferences. We’ll rely on our highly-engaged green apron partners for inspiration like we did with our Lavender lineup last year, and we’ll be more responsible and tuned in to cultural moments like we did with the Dubai matcha,” he said. 

    Ticker Security Last Change Change %
    SBUX STARBUCKS CORP. 108.16 +0.48 +0.45%

    In late January, Starbucks implemented some changes at the coffee chain’s U.S. and Canadian locations. 

    Starbucks logo in Poland

    Starbucks Coffee signage is being pictured in Warsaw, Poland, on July 31, 2024.  (Aleksander Kalka/NurPhoto via Getty Images / Getty Images)

    They included the return of condiment bars as well as baristas putting drinks ordered “for here” in coffee mugs or glasses and providing free refills of hot brewed or iced coffee or hot or iced team for dine-in customers.  

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    Niccol detailed other changes the company is looking to make during the company’s first-quarter earnings call in late January. One of those was “fully” introducing digital menu boards at U.S. company-owned stores over the next year-and-a-half to “make our offerings more easily understood and to better show customization add-ons,” he said. 

    The company reported over 18,500 stores across North America and over 22,000 outside of that region as of late December, according to its first-quarter earnings report. 

     

  • LARRY KUDLOW: Tariff diplomacy means crank up the Trump tax cuts

    LARRY KUDLOW: Tariff diplomacy means crank up the Trump tax cuts

    One thing we’ve learned about President Donald Trump’s tariff diplomacy is that he’s not bluffing.

    He did offer Mexico President Sheinbaum a 30-day pause in the 25% tariff.

    That’s because at the last moment she came in with a proposal to put 10,000 troops on the border to stop illegal immigration and curb the flow of fentanyl and other deadly drugs.

    Identically Canada’s Trudeau did the same thing – so another 30 day pause.

    Shows you what strong, decisive, and energetic leadership can do. 

    These are big Trump wins. 

    But rest assured Mr. Trump was ready to pull the trigger. And I agree with his use of tariffs to protect both national and economic security.

    Now here’s a related thought.

    Mr. Trumps aggressive use of tariffs should bring the Republican Congress great incentive to get the tax cuts passed.

    Both the 2017 tax cut extension and some of the new Trump 2.0 tax cuts such as the 15% corporate tax, ,tax free tips for service workers, overtime pay and seniors.

    Remember one of the good arguments posed by the President was that tariffs would generate revenues and revenues could finance tax cuts.

    The 10% universal tariffs baseline that I strongly favor would of course allow Mr. Trump to seek reciprocity in bilateral negotiations.

    But it could also provide something like $500 billion give or take to finance tax cuts.

    In effect regarding the rest of the world, you tax us, then we’ll tax you back.

    But our tax take will be given right back to our businesses and blue-collar working families.

    And then in the spirit of reciprocity, if you stop taxing us then we’ll stop taxing you.

    But who can tell if the tariff truce between Trump and Sheinbaum and Trudeau will continue longer than a month.

    Mexico is a tough case because its basically became a narco state.

    China’s exporting raw materials for fentanyl and other drugs, and the cartels put them all together in these hideous drug factories. And then the cartels bring them into the U.S. killing hundreds and thousands of Americans. 

    It’s the worst thing I’ve ever seen.

    Mr. Trump is willing to tariff Mexico til the end of their time until they stop allowing this.

    So once again, my message to Republican House and Senate members: please crank up those tax cuts into one big beautiful bill to be finished this spring, and help launch the Trump golden era, blue-collar boom.

  • Biden signs with major Hollywood agency after leaving office

    Biden signs with major Hollywood agency after leaving office

    Former President Joe Biden landed himself representation with a big Hollywood agency just weeks after leaving office.

    Biden has signed with Creative Artists Agency (CAA), which previously represented him from 2017-2020.

    “President Biden is one of America’s most respected and influential voices in national and global affairs,” CAA co-chairman Richard Lovett said in a statement. “His lifelong commitment to public service is one of unity, optimism, dignity, and possibility. We are profoundly honored to partner with him again.”

    PRESIDENT BIDEN’S FAREWELL LETTER: READ HERE

    Former President Joe Biden signed a representation deal with big-time Hollywood agency CAA. (HUM Images/ Universal Images Group via Getty Images / Getty Images)

    Under his previous stint with CAA, Biden released his memoir “Promise Me, Dad” in 2017, as well as his post-vice presidency “American Promise” speaking tour, which sold “more than 85,000 tickets nationwide,” according to CAA’s press release. 

    CAA also represents former President Barack Obama and former first lady Michelle Obama. 

    BIDEN WON’T ENFORCE TIKTOK BAN AFTER SIGNING LAW LAST YEAR, LEAVING FATE TO TRUMP: OFFICIAL

    It has been two weeks since Biden left office, leaving President Trump the keys to the White House and telling his successor and predecessor, “Welcome home.” 

    Joe Biden speaking closeup

    It has been two weeks since former President Joe Biden left office. (Ron Sachs / Getty Images)

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    Several Hollywood celebrities were influential in Biden being pushed out of the 2024 presidential race, particularly George Clooney, who wrote an op-ed in the New York Times detailing his decline. 

    Other stars who called for Biden to step down included Ashley Judd, John Cusack, Rob Reiner, Stephen King, Mia Farrow and Michael Douglas.

  • What is USAID and why is it in Trump’s crosshairs?

    What is USAID and why is it in Trump’s crosshairs?

    The United States’ chief international aid agency is the latest on President Donald Trump’s chopping block after billionaire cost cutter Elon Musk announced on Monday that the duo had “agreed” the U.S. Agency for International Development (USAID) should be “shutdown.”

    “It became apparent that it’s not an apple with a worm in it,” Musk said on his X platform. “What we have is just a ball of worms. You’ve got to basically get rid of the whole thing. It’s beyond repair.” 

    Musk, the world’s richest man now in charge of Trump’s Department of Government Efficiency (DOGE), made headlines over the weekend after he targeted the international aid agency and his team seized classified information on Saturday despite lacking the security clearance to do so, the Associated Press reported.

    By Sunday, the USAID website went dark and on Monday employees were barred entry into its headquarters, while thousands of others had their work instantly put on hold.

    MUSK’S DOGE TAKES AIM AT ‘VIPER’S NEST’ FEDERAL AGENCY WITH GLOBAL FOOTPRINT

    Secretary of State Marco Rubio (Al Drago/Bloomberg via Getty Images / Getty Images)

    Secretary of State Marco Rubio has been named acting director of the independent agency. 

    WHAT IS USAID?

    USAID was set up in the early 1960s to act on behalf of the U.S. to deliver aid across the globe, particularly in impoverished and underdeveloped regions. 

    In 1961, Congress passed the Foreign Assistance Act to establish an agency that oversaw international spending in the aftermath of World War II when U.S. foreign aid drastically escalated. 

    President John F. Kennedy signed the act into law and created USAID through executive order. 

    The agency now operates out of 60 nations and employs some 10,000 people, two-thirds of whom work overseas – though most of the on-the-ground work is contracted out to third party organizations funded by USAID, according to a BBC report.

    By 1998, USAID became an independent executive agency, which has prompted many to question whether the president has the power to unilaterally dissolve it. 

    STOCKS CURB LOSSES AFTER TRUMP’S TARIFFS ON CANADA, MEXICO AND CHINA

    Elon Musk and Donald Trump

    President-elect Donald Trump and Elon Musk attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas. (Brandon Bell/Getty Images / Getty Images)

    WHAT TYPE OF WORK DOES USAID DO?

    The scope of work overseen by USAID is vast and ranges from administering foreign aid through humanitarian efforts like famine relief, clean water distribution programs, medical services including administering polio vaccines, HIV/AIDS relief and prevention work, to bolstering democracy, human rights and governance initiatives.  

    The agency’s operations abroad have shifted over the last six decades, initially focusing on combining technical aspects of existing international aid and development programs that arose in the aftermath of World War II. By the 1970s, its focus became addressing “basic human needs” like food access, health, education and population planning, according to an archived USAID website. 

    The agency has played a role for decades in not only supplying basic aid to underdeveloped regions, but in helping plan and implement programs to assist with democracy, economic development and social safety nets following major events across the globe such as the fall of the Berlin Wall in 1989, the 1994 Rwanda genocide and the withdrawal of U.S. troops from Iraq in 2011.

    USAID CLOSES HQ TO STAFFERS MONDAY AS MUSK SAYS TRUMP SUPPORTS SHUTTING AGENCY DOWN

    Protestors stand outside USAID

    Employees and supporters gather to protest outside the U.S. Agency for International Development headquarters on Feb. 3, 2025, in Washington, D.C. (Kevin Dietsch/Getty Images)

    WHY DO TRUMP, MUSK AND RUBIO WANT TO TRASH USAID?   

    The U.S. far outspends its international peers when it comes to foreign aid, spending some $68 billion in 2023 – $40 billion of which was budgeted for USAID, reported the BBC.

    Trump has been a longtime critic of overseas spending, arguing that it does not benefit the American taxpayer and going so far as to call those who run the top agency “radical lunatics.”

    On Monday, Rubio echoed this sentiment and told reporters during a visit to El Salvador, “USAID is not functioning.”

    “It needs to be aligned with the national interest of the U.S. They’re not a global charity, these are taxpayer dollars. People are asking simple questions. What are they doing with the money?” he continued. “We are spending taxpayers’ money. We owe the taxpayers assurances that it furthers our national interest.”

    SECRETARY OF STATE RUBIO CONFIRMS BECOMING ACTING USAID CHIEF

    USAID IN CONTROVERSY

    USAID has become increasingly the target of heated U.S. politics, with Republicans arguing it is wasteful, promotes liberal agendas and should be enfolded into the State Department. 

    Democrats counter that the agency plays a vital role in U.S. national security interests and say it should remain independent. They point to the work USAID did to counter Soviet influence during the Cold War – a sphere of influence that could remain a concern amid China’s Belt and Road Initiative.

    USAID has been increasingly questioned by Republicans over its alleged funding of research relating to the coronavirus at the Wuhan Institute of Virology, as well as millions in aid that supports LGBT rights abroad, and dozens of millions of dollars for migrant crises in other countries, like the nearly $45 million slated to provide emergency food assistance and economic support for Venezuelan migrants in Colombia. 

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    Following Trump’s freeze on foreign aid last month, Rubio allowed waivers to be submitted on projects that staffers believed should be pushed through. 

    Some 200 exceptions were sought for projects involving LGBT programs, as well as environmental justice initiatives. All were rejected, according to the Washington Free Beacon.