Business

Starbucks announced several changes, including its plan to cut some items from the food and drink menu. ‘We’ve taken steps to refocus the business, our mission and our marketing to better align with our identity…

Starbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for dining out. A handful of restaurants released preliminary results earlier in January ahead…

More than 3.2 million people will see increased Social Security benefits, under a new law. However, individuals who are affected may have to wait more than a year before they see the extra money that’s due to them…

The Department of Education said Tuesday that the pause on federal grants and loans will not affect student loans or financial aid for college. The freeze, which could affect billions of dollars in aid, noted an exception for…

Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy. Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer derailed that plan. JetBlue’s proposed acquisition of Spirit…

Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief, wrote in a memo to employees posted to Amazon’s site that Buechel will…

Starbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on…

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.  The layoffs will affect employees at Adidas’ headquarters in…

Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the “Wicked” cinematic…

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing from a…