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Starbucks to close stores, lay off workers in  billion restructuring

Starbucks to close stores, lay off workers in $1 billion restructuring

Starbucks announced a $1 billion restructuring plan Thursday that involves closing some of its North American coffeehouses and laying off more workers as it moves ahead with its “Back to Starbucks” transformation under CEO Brian Niccol. The number of company-operated stores in North America will decline by about 1% in fiscal year 2025, accounting for…

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European Commission launches antitrust probe into software giant SAP

European Commission launches antitrust probe into software giant SAP

Thomas Lohnes | Getty Images The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services. According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of…

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What if your soulmate isn’t your best friend? Brett Goldstein asks the question in ‘All of You’

What if your soulmate isn’t your best friend? Brett Goldstein asks the question in ‘All of You’

Brett Goldstein might want to break your heart. Or at least give you a proper ugly cry. In the new film “All of You,”streaming on Apple TV+ Friday, audiences are presented with a sticky conundrum: What if your soulmate, and your best friend, were different people? Reactions might differ about the choices Simon (Goldstein) and…

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Bank stocks could benefit from Fed rate cuts. These dividend-payers are Wall Street’s favorites

Bank stocks could benefit from Fed rate cuts. These dividend-payers are Wall Street’s favorites

Investors seeking potential capital appreciation and dividend payouts may want to look to bank stocks. A recent analysis by Wells Fargo found that when the Federal Reserve cuts rates and there is no recession, bank stocks have historically rallied. The central bank resumed its easing cycle last week, decreasing the federal funds rate by 25…

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