*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.
A study by research company Euromonitor International found that the number of available banking machines in the U.S. has dropped by more than 18,000 since 2019.
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.
Fast casual pasta chain Due' Cucina recently raised $2.5 million in a new financing round. Davide Macchi, co-founder and CEO of Due Cucina, joined Cheddar News to discuss the company's operations and what lies ahead.
Millions of Americans with retirement plans switch jobs every year. Bobbi Rebell, certified financial planner & personal finance expert, joined Cheddar News to discuss what to do when doing so.
Railroad unions report that workers for Norfolk Southern who were present at the derailment and chemical spill site in East Palestine, Ohio, have been falling ill.
