CNN 5 Things US economy’s comeback, struggling Starbucks, abortion drug questions & more
5 snips
Sep 25, 2025 Exciting economic news reveals a surprising 3.8% growth in the US GDP, fueled by strong consumer spending. Meanwhile, Starbucks plans to close hundreds of stores and lay off employees due to weak sales. The FDA is set to study the safety of the abortion drug mifepristone, prompting important discussions. A potential deal for US TikTok gains momentum as it nears approval. In international news, a former French President is sentenced to prison for a scandal linked to his campaign financing.
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Stronger Than Expected GDP Revision
- The US economy grew at a revised 3.8% annualized rate in Q2, stronger than earlier reports.
- Consumer spending revisions drove the upgrade and momentum likely carried into Q3.
Consumer Spending Powers Growth
- Consumer spending is the key driver of the US growth revision and remains robust.
- Recent retail sales data show Americans have continued to open their wallets into the summer.
Starbucks’ Major Restructuring Moves
- Starbucks will close hundreds of stores, cut 900 corporate jobs, and has already cut about 1,000 roles earlier this year.
- CEO Brian Niccol says the steps are necessary to build a stronger, more resilient Starbucks amid lagging sales and a 12% stock drop.
