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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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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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