Business

Former Starbucks CEO Howard Schultz is stepping down from the coffee chain’s board, the company said Wednesday. “I look forward to supporting this next generation of leaders to steward Starbucks into the future as a customer, supporter and advocate…

Prices for U.S. consumers grew 3.7% in August compared to a year ago as gasoline prices spiked, according to the Bureau of Labor Statistics. Inflation was about equal to expert projections, and prices rose at…

A combination of inflation and climbing interest rates seems to be stretching consumers’ balance sheets, but it’s not clear yet whether they’re getting to a breaking point. Newly released data from WalletHub says U.S. consumers…

Payments to Social Security recipients may increase a bit more than expected in 2024, but an advocacy group says they’ll still fall short of what retirees need. The Senior Citizens League said Wednesday that the…

Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share. Hostess shareholders will receive $30 in cash and .03002 shares of Smucker’s stock for each share of Hostess that they owned. Smucker…

Say goodbye to refilling that Coke. McDonald’s is getting rid of self-served soda. The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald’s confirmed this week. It’s…

The blackout fight between cable giant Charter Communications and Disney is over. Hours ahead of “Monday Night Football,” which airs on Disney’s ESPN, the companies reached a deal that would allow millions of Charter cable customers to watch the game, CNBC’s…

The latest inflation report from the Bureau of Labor Statistics will land Wednesday morning, and it’s expected to show consumer prices grew at a steady pace in August. Economists expect the data to show a…

Disney on Thursday amended its federal lawsuit against Florida Gov. Ron DeSantis to focus solely on its First Amendment claim that the governor politically retaliated against the company. Disney last week had asked to drop its…

Members of the United Auto Workers may be out on strike in less than a week if the union doesn’t reach an agreement on a new contract with Ford, General Motors and Chrysler-maker Stellantis by…