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    New chief executive Brian Niccol was hired in September with a goal to turn round Starbucks as foot traffic and sales were spiralling lower © Bloomberg

    Starbucks asks office workers to stay at home as it announces 1,100 job cuts

    Corporate lay-offs are the first for coffee shop chain since 2018

    By Gregory Meyer in New York

    Latest Business

    Wall Street banks have sold almost all $12.5bn of debt tied to Elon Musk’s Twitter purchase

    Investor perception of debt has changed since Donald Trump’s election victory

    Elon Musk bought Twitter for $44 billion in October 2022, and later renamed it X © AFP via Getty Images

    CBS and several other Paramount channels go dark on YouTube TV

     

    Paramount channels went dark on YouTube TV on Thursday. Jaque Silva/SOPA Images/Shutterstock

    Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices

    Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices

    Elon Musk leads an offer to buy ChatGPT’s parent company for nearly $100 billion

    Elon Musk at President Trump’s inauguration at the U.S. Capitol building in Washington last month.Credit...Kenny Holston/The New York Times

    Allstate expects $1.1 billion loss from California fires

    Agustin Paullier/AFP/Getty Images

    Disney to Centralize Streaming Offerings Within Disney+

    Entertainment giant to add more live ESPN shows to its main streaming service, says customers want simplicity

    Moana 2’ helped Disney’s studio end the year on a high note. PHOTO: WALT DISNEY CO./EVERETT COLLECTION

    The Leaning Tower of New York

    How a luxury condo building in Manhattan went sideways.

    "Your Honor" an attorney involved in a 1 Seaport lawsuit explained to a judge, “it’s shaped like a banana right now.”Illustration by Vincent Mahé

    Trump’s brutal tariffs far outstrip any he has imposed before

    Canada, Mexico and China are going to be made to suffer

    Photograph: GettyIimages

    Trump drops announcement on TikTok’s fate and America’s digital future

    President Trump announces formation of Stargate project

    MrBeast is officially bidding for TikTok

    MrBeast celebrates the premiere of the new Prime Video series “Beast Games” at a content creator special screening on December 18, 2024 in Santa Monica, California. Jon Kopaloff/Getty Images for Prime Video

    Why Wall Street found Trump’s first day reassuring

    But its relief might be premature.

    US President Donald Trump holds up an executive orders after signing it during an indoor inauguration parade at Capital One Arena on January 20, 2025, in Washington, DC. Getty Images

    Trump mints $31 billion with new official $TRUMP crypto meme coin

    A representation of cryptocurrency Dogecoin is placed on a PC motherboard, in this illustration taken June 16, 2023. Dado Ruvic, Reuters

    Southwest Airlines pilot charged with DUI while preparing for takeoff

    Officers said pilot had bloodshot eyes and smelled of alcohol before planned flight from Savannah to Chicago

    Southwest Airlines said in a statement that the pilot ‘has been removed from duty’. Photograph: Images-USA/Alamy

    Capital One says a ‘technical issue’ is affecting some customers’ ability to get money

    Capital One customers are reporting problems using the bank's services. Brendan Smialowski/AFP/Getty Images

    TikTok needs a US buyer so bad it might seek out Elon Musk

    A Muskified TikTok would likely look different from the app millions of Americans know and love. Brook Joyner/CNN

    China discusses selling TikTok to Elon Musk

    Chinese officials are reportedly discussing Elon Musk potentially acquiring the US operations of TikTok ahead of its controversial ban in the US.

    Chinese officials are reportedly discussing the potential of selling the US operations of TikTok to tech billionaire Elon Musk. Picture: Angela Weiss/AF
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