It’s still summer, but the coffee chains are preparing to do battle with drinks, doughnuts and even lip balm infused with the flavor of fall. Source: NYT > Business – Emily S. Rueb
Mellody Hobson of Ariel Investments: ‘Capitalism Needs to Work for Everyone’
As a child, she “was desperate to understand money.” Now, as one of the most senior black women in finance, she oversees billions. Source: NYT > Business – David Gelles
Extra! Extra! Starbucks Will Stop Selling Newspapers
Beginning in September, the coffee giant will no longer carry copies of three national newspapers and select local papers. Source: NYT > Business – Derrick Bryson Taylor
Starbucks Apologizes After Six Police Officers in Arizona Say They Were Asked to Leave
A customer complained that the officers’ presence made him feel uncomfortable, prompting a barista to ask them to leave, an organization representing the officers said. Source: NYT > Business – Sandra E. Garcia
Luckin, an Unprofitable Chinese Rival to Starbucks, Seeks U.S. Money
A successful initial public offering by the fast growing, big spending coffee company would buck the recent trend of weakness among tech start-ups in China. Source: NYT > Business – ALEXANDRA STEVENSON
As Trade War Rages, China’s Sway Over the U.S. Fades
Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines. Source: NYT > Business – KEITH BRADSHER