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Starbucks CTO Resigned Monday, Interim Named

Starbucks' chief technology officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. The memo, written by Chief Financial Officer Cathy Smith, named Ningyu Chen, previously senior vice president of global experience technology, as interim chief technology...

US Inflation Relieves Wall Street, Yields Stable

NEW YORK — Steady U.S. inflation data reassured Wall Street, leading to gains on Friday while Treasury yields stayed largely flat and gold firmed on expectations the Federal Reserve may continue cutting interest rates this year. U.S. consumer spending rose slightly more than expected in August while the inflation rate...

Trump’s Furniture Tariffs Hit Importers in Latest Trade Salvo

Furniture companies that rely on imports slipped on Friday as President Donald Trump's latest tariff salvo targeted products like couches and cabinets, and analysts again cautioned about effects being felt months down the road as companies raise prices. Trump announced a 50% tariff on imported kitchen cabinets and vanities, along...

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