Business

Starbucks Closures and Tax Bill Update

Updated 2026-09-24 11:40 UTC 1 source Neutral

Starbucks plans to close about 250 stores in its latest round of cafe closures. Additionally, President Trump's new tax bill may affect charitable deductions for taxpayers.

Coverage timeline — 2 articles

CNBC

Why Trump's 'big beautiful bill' may shrink or boost your charitable tax break for 2026

President Donald Trump's "big beautiful bill" could shrink or boost the charitable deduction for certain taxpayers in 2026. Here's how to prepare for it.

2026-09-24 11:00 UTC

CNBC

Starbucks to shutter about 250 stores in latest round of cafe closures

Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround.

2026-09-24 11:34 UTC