The US government reopened today after a record 43-day shutdown, the longest in US history. President Donald Trump signed a bipartisan funding package late Wednesday to end the impasse. The deal, which the House approved by a vote of 222 to 209, keeps the government running through January and restores funding for key agencies for the remainder of fiscal year 2026.
The agreement reverses large-scale federal layoffs and allows furloughed workers to return immediately. It also restarts vital food and nutrition programs relied upon by millions of people. But the measure only funds operations through Jan. 30 and does not include an extension of Affordable Care Act subsidies, leaving the fight to Congress next year.
Starbucks employees walk out at 65 US stores on Red Cup Day
Image credit: Timothy A.Clary/AFP via Getty Images
Tension is rising at Starbucks.
More than 1,000 unionized workers struck at 65 Starbucks locations in 45 cities during Red Cup Day, one of the coffee chain’s busiest annual promotional events. The organizing union, Starbucks Workers United, says the walk-out is aimed at increasing pressure on Starbucks management after nearly eight months without meaningful contract negotiations. Workers are demanding higher wages, more stable hours, better staffing and resolution of hundreds of unfair-labor practice claims. Starbucks says most of its 10,000 U.S. company-owned stores are open and operating normally
Bananas and coffee are about to get cheaper
Image credit: David Paul Morris/Bloomberg via Getty Images
Financial relief could be coming to the grocery aisles soon, according to Treasury Secretary Scott Besant.
He said the administration is preparing tariff adjustments aimed at reducing the cost of imported goods such as coffee, bananas and other agricultural products. Besant described the upcoming changes as “substantial” and said they are designed to provide quick relief to consumers without having to wait for Congressional action.
Coffee prices have increased by about 19 percent last year due to supply shortages and import duties. Cuts are expected to be announced in the coming days, which could make breakfast a little cheaper again.
Disney stock falls after fourth-quarter revenue miss
Image Credit: Myung J. Chun/Los Angeles Times via Getty Images
Walt Disney Co. missed revenue forecasts this quarter as weak TV numbers hurt results. The company reported revenue of $22.46 billion, missing Wall Street’s estimate of $22.75 billion.
There were some bright spots. Earnings of $1.11 per share beat expectations. Linear television, once Disney’s cash cow, saw revenues decline 16 percent as cord-cutting deepened and advertising sales declined. Streaming increased by 8 percent. Theme parks remained strong. But investors focused on the recession.
Disney shares fell more than 8 percent on Wednesday, a stark reminder that even the world’s most famous entertainment powerhouse is not immune to changes in viewing habits.
The US government reopened today after a record 43-day shutdown, the longest in US history. President Donald Trump signed a bipartisan funding package late Wednesday to end the impasse. The deal, which the House approved by a vote of 222 to 209, keeps the government running through January and restores funding for key agencies for the remainder of fiscal year 2026.
The agreement reverses large-scale federal layoffs and allows furloughed workers to return immediately. It also restarts vital food and nutrition programs relied upon by millions of people. But the measure only funds operations through Jan. 30 and does not include an extension of Affordable Care Act subsidies, leaving the fight to Congress next year.
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