*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.
Mortgage demand fell to its lowest level since 1995 as rates climbed.
Electronic truck maker Nikola says it will begin offering advanced driver assistance technology for its trucks next year.
Elon Musk's Starlink reportedly is rolling out new prices based on its capacity to deliver services.
YouTube Music is allowing users to create their own personal radio station.
Ben Straley, founder, and CEO of digital asset platform Thred joined Cheddar News to discuss the company’s operations.
Chinese search giant Baidu's Ernie bot is being compared with ChatGPT and will be integrated into its search experience.
The parent company of stores like TJ Maxx, Homegoods and Marshalls, posted mixed results in its latest quarter, prompting it to slash its outlook for the full year.
A survey says about 20% of Americans have a high-yield savings account. Preston Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain why it's a good time to open an account now.
Amazon Closes On One Medical Deal
Dick's Sporting Goods has agreed to purchase outdoor retailer Moosejaw from Walmart.
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