The Starbucks workers’ union said on Friday it is escalating an indefinite strike to more than 120 stores and 85 cities, demanding higher pay and staffing levels at the coffee chain. The walkout, which is set to be the longest strike in the history of Starbucks, began on its Red Cup Day on November 13 with 65 stores and more than 40 cities. Read more: cnb.cx/48D0XI2 | CNBC
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A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly rise while the annual rate was 2.8%. Read more: cnb.cx/4azhmyD | CNBC
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