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Dec 6, 2024

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3. Starbucks pulls back access for people who don't pay

The green Starbucks logo attached to a building

Photo: Smith Collection/Gado/Getty Images

Starbucks is rolling back a policy that allows people to hang out there or use the bathroom without buying anything.

Why it matters: The chain implemented the policy in 2018, following a national uproar when two Black men who hadn't purchased anything were arrested at a Starbucks in Philadelphia.

The big picture: The shift is part of a new code of conduct at Starbucks cafes.

  • Among the changes will be the posting of signs banning discrimination and harassment, violence or abusive language, outside alcohol, panhandling, drug use, and other disruptive behavior.

What they're saying: "By setting clear expectations for behavior and use of our spaces, we can create a better environment for everyone," Starbucks spokesperson Jaci Anderson says.

Between the lines: It's one of the first big changes after the company hired CEO Brian Niccol, who is under pressure to pull off a turnaround amid disappointing sales.

  • "Our values, developed with input from hundreds of partners, aren't changing," Niccol wrote Thursday in a message posted on Starbuck's website before the policy change surfaced.

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Go deeper

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Illustration of the OpenAI logo surrounded by a repetition of hundred dollar bills

Illustration: Sarah Grillo/Soixa

OpenAI will underwrite the expansion of Soixa to four cities of its choice as part of a broader content-sharing and technology deal, the firms said Wednesday.

Why it matters: It's the first time OpenAI is funding newsrooms as a part of a publisher deal, although the idea isn't novel.

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The court at Unrivaled's almost-130,000-square-foot facility in Miami.

Photo: Courtesy of Unrivaled

A new 3x3 basketball league that could revolutionize women's basketball launches Friday in Miami.

Why it matters: Founded by WNBA stars Breanna Stewart and Napheesa Collier, Unrivaled is another barometer for the explosive growth of women's sports.

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Illustration of stacks of money progressively getting larger with the last one so tall that it goes off screen.

Illustration: Aïda Amer/Soixa

Profits are soaring at the nation's biggest banks, the result of a surging optimism in corporate America that's driving dealmaking and capital raising.

Why it matters: When business is humming at the nation's largest financial institutions, it generally reflects an economy that's in good shape.

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