Starbucks has announced plans to shutter its more “unprofitable” locations and slash 900 non-retail positions in order to reconsolidate the company — as part of a $1 billion restructuring plan.
Read More Starbucks slashing 900 jobs, closing hundreds of stores in $1B restructuring move
President Donald Trump threatened to file a “major lawsuit” against Federal Reserve Chair Jerome Powell, alleging “grossly incompetent” management of the Federal Reserve’s building construction projects.
Read More Trump threatens ‘major lawsuit’ against Powell over ballooning Fed building renovation costs
U.S. Treasury Secretary Scott Bessent has disclosed that he is evaluating a shortlist of three candidates to assume the role of Federal Reserve chair when the position becomes vacant next year.
Read More Treasury Secy. Bessent expands search for next Fed Chair
President Donald Trump has appointed economist Stephen Miran to serve on the Federal Reserve Board of Governors.
Read More Trump appoints Stephen Miran to serve on Fed. Reserve Board following Kugler resignation
GOP Missouri Senator Josh Hawley introduced a bill on Monday that would provide $600 tariff rebates to Americans and dependent children.
Read More GOP Sen. Hawley proposes $600 rebate for Americans funded by tariff revenue
French Prime Minister François Bayrou criticized the European Union for agreeing to a trade deal with President Donald Trump that places a 15% tariff on all EU goods while the U.S. largely enjoys tariff-free exports.
Read More France’s Prime Minister denounces EU for ‘submitting’ to Trump in U.S.-EU trade deal: ‘A dark day’