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You can’t just loiter at Starbucks anymore

You can no longer sit and use the Wi-Fi at a Starbucks location without buying something, according to notices sent to employees seen by The Wall Street Journal.

That rule is part of Starbucks’ new code of conduct, which includes no outside alcohol or panhandling. The move comes amid declining sales and store traffic as well as rising tensions with a union that represents thousands of its workers.

Last year, Starbucks poached a new CEO, Brian Niccol, from Chipotle. That move was welcomed by investors, who added over $20 billion in market cap to the coffee giant.

So far hes ordered some small but noticeable changes, like removing the nut-milk tax and directing baristas to handwrite customers’ names on their cups again.

Its not yet clear whether these efforts will reverse Starbucks decline.

Last year, Starbucks poached a new CEO, Brian Niccol, from Chipotle. That move was welcomed by investors, who added over $20 billion in market cap to the coffee giant.

So far hes ordered some small but noticeable changes, like removing the nut-milk tax and directing baristas to handwrite customers’ names on their cups again.

Its not yet clear whether these efforts will reverse Starbucks decline.

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Premium seats help push airlines higher following third-quarter results

Shares of American Airlines are climbing toward the carrier’s best trading day since August 12, when ultra-budget rival Spirit issued its initial warning about its ability to survive. American’s shares are up more than 7% on Friday afternoon.

Investors’ optimism comes a day after American posted a better-than-expected full-year earnings forecast. In a call with investors, American said that it’s ramping up its premium cabin offerings.

“Our ability to grow capacity in premium markets will be further supported as we take delivery of new aircraft and reconfigure our existing fleet. These efforts will allow us to grow our premium seats at nearly two times the rate of main cabin seats,” CEO Robert Isom said. American CFO Devin May said that nose-to-tail retrofits of certain wide-body jets will bump the number of premium seats available on those planes by 25%.

Extra legroom has been a boon for major carriers, particularly this quarter. Delta Air Lines said its premium product revenue grew 9% in Q3, compared to a 4% drop in economy seat revenue. Similarly, United Airlines said its premium revenue grew 6%, outpacing economy. Shares of both airlines were up more than 3% on Friday.

Carriers with less exposure to first- and business-class tickets like Southwest Airlines and JetBlue didn’t see the same amount of momentum on the day.

Ford plant Cologne

Ford rallies to 52-week high: Wall Street is optimistic about its EV reset and aluminum plant recovery plan

Ford shares reached their highest level since July 2024 in Friday morning trading.

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