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Starbucks takes aim at remote work, says some employees may need to relocate to headquarters

Starbucks takes aim at remote work, says some employees may need to relocate to headquarters

By DEE-ANN DURBIN

Starbucks is requiring some remote workers to return to its headquarters and increasing the number of days that corporate employees are required to work in an office.

In a letter to employees posted on Monday, Starbucks Chairman and CEO Brian Niccol said corporate employees would need to be in the office four days a week starting in early October instead of three days a week.

The Seattle-based company said that all corporate “people leaders” must be based in either Seattle or Toronto within 12 months. That is a change from February, when it required vice presidents to relocate to Seattle or Toronto.

Starbucks said individual employees working under those leaders would not be asked to relocate. But the company said all hiring for future roles and lateral moves will require employees to be based in Seattle or Toronto.

“We are reestablishing our in-office culture because we do our best work when we’re together. We share ideas more effectively, creatively solve hard problems, and move much faster,” Niccol wrote in the letter. read more

The GOP Megabill: What taxpayers should know

The GOP Megabill: What taxpayers should know

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many far-reaching effects for consumers, as well as for the economy at large. Taxes top the list.

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The almost 900-page “big, beautiful bill” has plenty to say about taxes, and an array of changes, new credits and deductions are part of the new bill. But at its heart, the bill is about extending the tax provisions passed under the Tax Cuts and Jobs Act (TCJA) of 2017, during Trump’s first administration. read more

One Tech Tip: ‘Click-to-cancel’ is over, but there are other ways to unsubscribe

One Tech Tip: ‘Click-to-cancel’ is over, but there are other ways to unsubscribe

By CORA LEWIS

NEW YORK (AP) — A “click-to-cancel” rule, which would have made it easier for consumers to end unwanted subscriptions, has been blocked by a federal appeals court days before it was set to go into effect. But there are ways to end those subscriptions and memberships, even if they take some work.

The rule would also have required companies to disclose when free trials and promotional offers would end and let customers cancel recurring subscriptions as easily as they started them. But even without the new federal guidance, here are some ways to stay on top of subscription and membership fees.

Use calendar reminders and regularly review your bills

Experts at the Consumer Federation of America recommend setting calendar reminders for whenever a free trial period ends, to alert yourself to cancel promotional offers before the real recurring costs kick in. The auto-enrollment process, in which the company does not remind the consumer via email that a trial is about to end and higher monthly payments will begin, was also at the heart of the FTC’s rule. read more

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

By CHRISTOPHER RUGABGER, AP Economics Writer

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has asked an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.”

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A spokesperson for the inspector general, an independent watchdog, confirmed the request and declined further comment. The request was previously reported by Axios.

The Fed has been renovating two of its office buildings in Washington for several years at a current cost estimate of about $2.5 billion, $700 million more than originally expected. The project was first approved by the Fed’s governing board in 2017. Trump administration officials have seized on the expense and some alleged amenities in the remodeled buildings to extend their criticism of Powell, whom the president has attacked for not reducing the Fed’s short-term rate. read more

Fly bid: Disney Dumbo ride vehicle sells for $150,000 at auction

Fly bid: Disney Dumbo ride vehicle sells for $150,000 at auction

A ride vehicle from the old, old-school version of Dumbo the Flying Elephant attraction sold for $150,000 at a recent auction of Disney props and memorabilia.

The 9.5-foot-long piece, which came from the Disneyland version of the ride, was sold in the Celebrating the Disney Studio and Parks auction of Van Eaton Galleries, based in Studio City, California.

This particular elephant has an auction history, Van Eaton said. In 1992, during the first Disneyana Convention, it became the first Dumbo ride ever publicly sold by Disney.  After being removed from the ride, the unit was transformed into a grounded photo op.

A certificate of authenticity from Disney says the vehicle is from 1955, meaning a Disneyland original. But the gallery thinks it’s from a 1960s redesign because the sold piece’s ears were not designed to move like the originals did. So, Dumbo buyer, beware.

Other notable sales from the recent auction included a life-size “Star Wars” stormtrooper statue once purchased at Disneyland’s Star Wars Launch Bay. At the recent auction, it went for $10,500. read more