Starbucks to close 1% of North American stores, lay off 900 corporate employees in strategic shift

Tech Insider : Business, Style

Starbucks said Thursday it will close 1% of its North American stores and lay off 900 corporate workers. Among the closures is its Seattle Reserve Roastery, one of the first unionized locations and a site of past protests.

The dockworkers' strike is a test for Biden — and complicates an already dizzying 2024 presidential race

Tech Insider : Economy, Politics
President Biden standing with union workers.
Throughout his presidency, Joe Biden has leaned into his pro-union policies.

JIM WATSON/AFP via Getty Images

Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.

Tech Insider : Economy, Economy
Angus Deaton
British-born economist Angus Deaton of Princeton University answers questions in a news conference after winning the 2015 economics Nobel Prize on the Princeton University campus in Princeton, New Jersey October 12, 2015

REUTERS/Dominick Reuter

Union households tend to have over $100,000 more in wealth than nonunion families, Federal Reserve data shows

Tech Insider : Economy, Economy
UAW
United Auto Workers members march through downtown Detroit on September 15, 2023.

AP Photo/Paul Sancya

For decades, Biden has lavished attention on Philadelphia. It might save his presidency.

Tech Insider : Politics
Biden
Then-Vice President Joe Biden meets with then-Philadelphia Eagles wide receiver Jordan Matthews before a game in September 2016.

AP Photo/Michael Perez

As head of the Labor Department Julie Su has a tough task: filling the economy with good jobs. She's up for the challenge.

Tech Insider : Economy, Politics, Economy
Julie Su on a dark blue background with lines
Acting Secretary of Labor Julie Su.

Department of Labor; BI

A majority of Americans in a new poll back the UAW's unprecedented auto strike as GOP union support grows

Tech Insider : Economy, Economy
UAW
United Auto Workers members march through downtown Detroit on September 15.

AP Photo/Paul Sancya

The United Auto Workers strike could be the canary in the coal mine for Biden's reelection pitch to working-class voters

Tech Insider : Politics, Economy
UAW strike
United Auto Workers members attend a rally in Detroit, Mich., on September 15, 2023.

AP Photo/Paul Sancya, File

It's getting easier for workers to unionize. One simple chart shows the new steps.

Tech Insider : Economy, Politics, Economy
Starbucks workers on strike in Minnesota
Starbucks workers on strike in Minnesota

Universal Images Group Editorial / Getty Images

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