*By Justin Chermol*
Starbucks announced plans on Monday to elimate the use of plastic straws by 2020, making it the largest company yet to undertake the green initiative.
The coffee chain will transition to new lids which feature a raised lip to drink from, a design already being used for some of the company’s cold brew drinks. The new lids will begin rolling out this fall in Canada as well as in Starbucks’ home city of Seattle. For those customers who insist on straws, the company will offer eco-friendly versions made of paper or compostable plastic.
Starbucks stated this policy will cut the number of plastic straws used by one billion per year -- the proliferation of them has contributed to devastating ocean pollution and threatens marine life.
Local governments across the United States initially spearheaded the plastic-strawless movement. Just last week Seattle banned both plastic straws and utensils. Some of America’s largest cities like New York and San Francisco have proposed plans to remove plastic straws as well.
The Internal Revenue Service said there are about $1.5 billion in unclaimed tax refunds dating back to 2019.
General Motors will allow its electric vehicles to use Tesla charging stations across the country.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Modelo Especial is now the top-selling beer in the United States, dethroning Bud Light after 22 years. In May, sales of Modelo Especial hit $333 million. That's up 15.6 percent from the same period last year.
Electric vehicles made by General Motors will be able to use much of Tesla's extensive charging network beginning early next year. In addition, GM will adopt Tesla's connector, the plug that links an electric vehicle to a charging station.
The Supreme Court on Thursday gave whiskey maker Jack Daniel's reason to raise a glass, handing the company a new chance to win a trademark dispute with the makers of the Bad Spaniels dog toy.
Cheddar News checks in to see what to look for on The Day Ahead with Chinese EV-maker Nio due to release its report and Jurassic Park is celebrating the 30th anniversary of its release. Meanwhile, 'Transformers: Rise of the Beasts' debuts on Friday across the country.
Kelly Ann Winget, founder of private equity firm Alternative Wealth Partners and author of 'Pitch the Bitch,' a financial guide for those often left out of the male-dominated investment world, spoke to Cheddar News about her experience as an LGBTQ+ manager in the industry.
With wedding season underway, couples can get overwhelmed with finances and planning. Guests also feel stressed, especially when being invited to several weddings. Ted Rossman, senior industry analyst with Bankrate.com, joined Cheddar News to discuss setting up a budget if attending multiple ceremonies.
Tracking Consumer Spending Trends With Tanger Outlets CEO Stephen Yalof
