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By Mark Huffman Consumer News: Starbucks plans to close 250 North American stores of ConsumerAffairs
September 25, 2026
  • Starbucks plans to close about 250 coffeehouses in North America, with most closures expected by the end of its fiscal year.

  • The company expects the move to cost approximately $300 million and has reduced its forecast for new store openings worldwide.

  • Affected employees will be offered transfers where possible; those who cannot be placed will receive severance support.


Starbucks said it plans to close approximately 250 coffeehouses across North America as it continues to reshape its store network under its Back to Starbucks turnaround strategy. The company has not released a list of the affected locations.

Chief Operating Officer Mike Grams told employees Thursday that the company identified stores where it could not consistently deliver the experience it wants for customers and workers, or where it saw no path to acceptable financial performance. He said the closures would begin later this week.

A regulatory filing says most of the closures are expected to be completed by the end of Starbucks 2026 fiscal year. The 250 locations represent a small share of its more than 18,000 North American coffeehouses, but the loss of a neighborhood store may be significant for customers who visit it regularly. Starbucks said it will direct those customers to nearby locations.

The company expects approximately $300 million in restructuring charges tied to the closures. About $200 million will be cash costs, primarily for ending leases and employee separation benefits. The remaining $100 million will be non-cash charges related to store assets, according to the filing.

Starbucks also lowered its forecast for net new stores worldwide this fiscal year to about 440, down from its previous estimate of 600 to 650. That figure accounts for stores opened and closed. The company said additional openings in international markets will partly offset the North American closures. Starbucks earlier forecast was issued in July.

What happens to employees?

Starbucks said it is speaking directly with workers at affected stores and will offer transfers where possible. Those who cannot be placed in another coffeehouse will receive severance support. The company has not said how many employees will be affected.

This is another round of closures under the turnaround plan. In September 2025, Starbucks announced it would close stores that fell short of its goals for the customer experience or financial performance. That announcement also included the elimination of approximately 900 non-retail jobs.

The latest closures come amid stronger sales at established stores. North American comparable store sales rose 8.1% in the quarter that ended June 28, Starbucks recently reported. Grams said the company is continuing to develop new coffeehouses and sees room for long-term growth in North America.


Consumer News: Starbucks plans to close 250 North American stores

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Posted: 2026-09-25 12:35:52

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Consumer News: Cinnamon recalled due to high lead levels
Fri, 25 Sep 2026 22:07:18 +0000

The product may be especially dangerous to children

By Mark Huffman of ConsumerAffairs
September 25, 2026
  • Galil Importing Corp. is recalling Lior Cinnamon Ground Seasoning after testing found elevated levels of lead.

  • The recalled cinnamon was distributed in six states New York, New Jersey, Pennsylvania, Texas, Florida .and Illinois between November 2025 and September 2026.

  • No illnesses have been reported, but consumers are being told not to use the recalled cinnamon and to throw it away or return it for a refund.


Galil Importing Corp. has recalled a brand of ground cinnamon after testing found elevated levels of lead, a contaminant that can pose particularly serious health risks to children.

The Hauppauge, N.Y.-based company is recalling Lior Cinnamon Ground Seasoning, sold in 90-gram or 3.2-ounce transparent plastic containers. The affected product carries UPC 794711005484 and lot code GAP11304, which can be found on the side of the container below the ingredient line.

The cinnamon was distributed to retail stores, grocery stores, delis, and supermarkets in New York, New Jersey, Pennsylvania, Texas, Florida, and Illinois from Nov. 18, 2025, through Sept. 7, 2026.

The recall was announced Sept. 24 and posted by the U.S. Food and Drug Administration (FDA). The agency's current recall listing identifies the product as Lior ground cinnamon and the reason for the recall as potential contamination with elevated levels of lead.

Testing uncovered the problem

According to the company announcement, the recall was triggered after a sample collected and analyzed by the Maryland Department of Health was found to contain elevated levels of lead.

Galil Importing subsequently launched a voluntary recall and instructed customers to stop selling and distributing the affected product and to place any remaining inventory on hold.

The company said it has also begun investigating its supplier and has implemented additional testing and supplier-verification measures designed to prevent the problem from happening again.

As of the recall announcement, no illnesses had been reported in connection with the product.

Why lead exposure is a concern

Consumers may not immediately know they have been exposed to lead. The recall notice says short-term exposure to very low levels may produce no symptoms, with an elevated blood lead level sometimes being the only apparent sign.

Health effects become more likely with higher exposures or prolonged exposure. The impact can depend on the amount of lead, the length of exposure, and a person's age and body weight.

Children are especially vulnerable. The recall notice warns that prolonged exposure to sufficient amounts of lead can cause permanent damage to the central nervous system in children, potentially resulting in learning disorders, developmental problems, and other long-term health effects.

What consumers should do

Consumers should check their spice cabinets for Lior Cinnamon Ground Seasoning bearing lot code GAP11304 and UPC 794711005484.

Anyone who has the recalled cinnamon should not consume it. The company advises consumers to discard the product or return it to the store where it was purchased for a refund.

Consumers with questions may contact Galil Importing Corp. at 1-516-496-7400, Monday through Friday from 9 a.m. to 5 p.m. Eastern time.


Cinnamon recalled due to high lead levels

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Consumer News: Mortgage rates climb above 7% as inflation and bond yields rise
Fri, 25 Sep 2026 22:07:18 +0000

Higher Treasury yields, stubborn inflation, and rising energy costs are pushing borrowing costs higher

By Mark Huffman of ConsumerAffairs
September 25, 2026
  • Freddie Mac says the average 30-year fixed mortgage rose to 7.03% this week, up from 6.95% a week earlier.

  • Other measures show borrowers facing even higher rates, with Mortgage News Daily putting its daily 30-year rate at 7.45% on Thursday.

  • Higher Treasury yields, persistent inflation, rising energy prices, and expectations for additional Federal Reserve rate increases are pushing mortgage costs higher.


The fall home-buying season is getting more expensive as mortgage rates continue to climb, with several measures showing borrowing costs at or above 7% this week.

Freddie Mac reports that its benchmark 30-year fixed-rate mortgage averaged 7.03% for the week ending Sept. 24, up from 6.95% the previous week. The 15-year fixed mortgage rose even more sharply, climbing to 6.42% from 6.26%. A year ago, the 30-year rate averaged 6.30%.

But Freddie Mac's weekly survey may understate how quickly rates moved late in the week. Mortgage News Daily, which tracks rates on a daily basis, put the average 30-year fixed mortgage at 7.45% Thursday, up from 7.26% a day earlier. Its 15-year rate reached 7.10%.

Bankrate's survey provides another measure. It reported an average 30-year fixed rate of 7.17% on Sept. 24, 10 basis points higher than a week earlier. Its average 15-year fixed mortgage was 6.54%, up 15 basis points.

The differences among the surveys reflect their different methodologies and timing. Freddie Mac's number is a weekly average based on thousands of mortgage applications submitted through its Loan Product Advisor system, while daily surveys can respond more quickly to sudden movements in financial markets.

Why mortgage rates are rising

Mortgage rates aren't set directly by the Federal Reserve. Instead, they tend to move with longer-term bond yields, particularly the 10-year Treasury yield, because mortgage-backed securities compete with Treasury securities for investors.

And Treasury yields have moved sharply higher.

Federal Reserve data show the 10-year Treasury yield reaching 5.11% on Sept. 24, putting additional upward pressure on mortgage rates.

Mortgage News Daily attributed the latest surge to a combination of stronger economic data, higher oil prices, Federal Reserve comments, and concerns that upcoming economic reports could result in a more aggressive path for interest rates.

Those concerns gained momentum after the Fed raised its benchmark federal funds rate by a quarter percentage point on Sept. 16, setting a target range of 3.75% to 4%. The central bank said economic activity was expanding at a "solid pace," domestic spending remained resilient, and inflation remained elevated.

The Fed's latest economic projections also pointed toward interest rates remaining elevated. Policymakers' projections showed a median federal funds rate of 4.1% at the end of 2026, higher than the 3.8% median projected in June.

Inflation isn't cooperating

Inflation is another reason bond investors are demanding higher yields.

The Consumer Price Index rose 0.4% in August and was 3.4% higher than a year earlier, according to the Bureau of Labor Statistics. Gasoline prices jumped 3.9% during the month, accounting for more than one-third of the monthly increase in the overall CPI. Energy prices increased 2.1%.

Higher oil and gasoline prices are especially important because sustained increases in energy costs can filter through the economy, increasing transportation, manufacturing, and distribution expenses. Investors may demand higher yields on long-term bonds if they believe inflation will remain elevated.

Strong economic growth can have a similar effect. An economy that continues to expand rapidly gives the Fed less reason to reduce interest rates and can increase concerns that demand will keep inflation above the central bank's 2% target.

What it means for homebuyers

The move from the mid-6% range to above 7% can make a noticeable difference in affordability.

For example, principal and interest on a $400,000 30-year mortgage would be about $2,661 a month at 7%. At 7.5%, the payment rises to roughly $2,797 about $136 more each month, or more than $1,600 a year. Those figures don't include property taxes, homeowners insurance, or other housing costs.

The recent increase is particularly significant because rates have risen quickly. Freddie Mac's 30-year average was 6.76% on Sept. 10, rose to 6.95% on Sept. 17, and reached 7.03% this week.

For buyers, that makes shopping among lenders increasingly important. Mortgage rates and fees can vary considerably from one lender to another, and borrowers should compare the annual percentage rate, or APR, along with the advertised interest rate.

Buyers also shouldn't assume that the Federal Reserve's next move will automatically determine mortgage rates. Long-term rates can move ahead of the Fed as investors change their expectations about inflation and economic growth.


Mortgage rates climb above 7% as inflation and bond yields rise

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Consumer News: Grail’s cancer blood test moves closer to FDA approval despite lingering questions
Fri, 25 Sep 2026 22:07:17 +0000

Galleri could detect dozens of cancers with a single blood draw, but a major clinical trial failed to meet its primary goal.

By Mark Huffman of ConsumerAffairs
September 25, 2026
  • An FDA advisory panel has recommended approval of Grails Galleri blood test, which is designed to screen people 50 and older for multiple types of cancer from a single blood draw.

  • The test remains controversial because a massive British trial failed to meet its primary goal of significantly reducing the combined number of stage 3 and stage 4 cancers.

  • Supporters say Galleri could help find deadly cancers for which there is currently no routine screening, while critics say it remains unclear whether widespread testing will ultimately save lives.


A blood test that promises to detect dozens of cancers before symptoms appear has moved a significant step closer to approval by the U.S. Food and Drug Administration (FDA), even as researchers continue to debate whether the benefits justify widespread use.

The test, called Galleri and developed by Grail, is a multi-cancer early detection, or MCED, test. Rather than looking for one particular cancer, it analyzes patterns in DNA fragments circulating in the blood for signals associated with cancer and attempts to identify where in the body the cancer originated.

This week, an FDA advisory committee, on a 6-4 vote, determined that there is reasonable assurance Galleri is effective and voted unanimously that there is reasonable assurance it is safe. On the larger benefit-risk question, seven members voted that its benefits outweigh its risks, two voted no, and one abstained.

The recommendation does not constitute FDA approval. The agency will make the final decision on Grail's premarket approval application and is not required to follow the committee's recommendation.

Already available without FDA approval

Adding to the unusual nature of the debate, Galleri is already commercially available in the United States.

Grail has been selling it as a laboratory-developed test, or LDT. The company said in a recent regulatory filing that Galleri has not been FDA cleared or approved and that FDA approval has not been required for it to market the test under the regulatory framework governing its laboratory-developed test.

Grail submitted the final portion of its FDA premarket approval application in January. The company says Galleri is intended to supplement not replace existing screening such as mammograms, colonoscopies, and recommended lung and cervical cancer screening.

That distinction is important. A negative Galleri result does not mean a person is cancer-free.

Why Galleri is so appealing

The potential benefit is easy to understand. There are well-established screening programs for only a handful of cancers, while many deadly cancers are usually discovered after symptoms develop.

Galleri is designed to look for signals associated with numerous cancers simultaneously. If it could reliably identify cancers such as pancreatic, ovarian, liver, or esophageal cancer before symptoms appear, doctors might have an opportunity to treat patients when their disease is more manageable.

Results from Grail's PATHFINDER 2 study involving more than 35,000 participants also provided encouraging evidence. Grail reported that adding Galleri to recommended screening increased the number of cancers detected, with 71% of the new cancers detected by Galleri found at stages 1 through 3.

But detecting more cancers is not necessarily the same thing as demonstrating that screening saves lives. That distinction lies at the heart of the controversy.

A major trial missed its primary target

The biggest challenge to Galleri came from the NHS-Galleri trial in England, involving more than 142,000 adults between ages 50 and 77.

The randomized study was designed to determine whether annual Galleri testing, added to normal care, would reduce the number of cancers diagnosed at stages 3 and 4.

It did not meet that primary endpoint. Researchers found no statistically significant difference in the combined number of stage 3 and stage 4 cancers between the Galleri group and the control group.

That result generated criticism because one of the central arguments for multi-cancer screening is that finding cancer sooner should shift diagnoses from later stages to earlier ones. There were, however, potentially important signals buried within the overall result.

Grail reported that annual testing reduced diagnoses of stage 4 cancers among 12 pre-specified cancers by 22% in the second screening round and 26% in the third. The company also said adding Galleri increased stage 1 and 2 cancer diagnoses by 16% and reduced cancers first diagnosed through emergency presentations by 25%.

Those findings help explain why researchers and regulators can look at the same trial and reach different conclusions about Galleri's potential.

The early-stage problem

Another concern is sensitivity the percentage of actual cancers the test successfully detects.

Galleri performs considerably better with some cancers and at later stages than it does with very early disease. That is potentially problematic for a product whose biggest promise is early detection.

FDA review materials highlighted questions about Galleri's performance for individual cancers and its ability to detect cancers at their earliest stages. Data from the British study showed particularly limited detection of stage 1 cancers.

That creates a paradox: the cancers that might benefit most from being discovered very early can also be among the hardest for a blood test to detect because small tumors may shed relatively little detectable material into the bloodstream.

There is also the issue faced by nearly every cancer screening test: what happens when the result is wrong?

A positive Galleri result does not diagnose cancer. It triggers additional medical investigation to determine whether cancer is actually present and where it is located.

That can potentially mean imaging, biopsies, and other procedures for someone who ultimately turns out not to have cancer.

Galleri's relatively low false-positive rate is one argument in its favor, but even a low rate can become significant when a screening test is given to millions of healthy people.

False negatives carry a different risk. Someone receiving a negative result might incorrectly assume that other cancer screening or medical evaluation is unnecessary. That's why Grail and regulators emphasize that Galleri is intended to be used in addition to existing recommended screening rather than as a substitute.

Ultimately, the most important question is also the one researchers cannot yet answer definitively: Does screening healthy people with Galleri reduce cancer deaths? Further research will attempt to find an answer.


Grail’s cancer blood test moves closer to FDA approval despite lingering questions

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Consumer News: Americans are spending more on Christmas, even as some struggle to afford the basics
Fri, 25 Sep 2026 22:07:17 +0000

Lower-income and younger shoppers are stretching their budgets the furthest even as overall holiday spending continues to climb

By Kyle James of ConsumerAffairs
September 25, 2026
  • Some shoppers are sacrificing necessities: 19% of lower-income consumers say they'll cut back on groceries, utilities, or healthcare to afford holiday spending.

  • Younger shoppers are feeling squeezed: 18% of Gen Z expect holiday spending to force them to cut essentials, while 64% are concerned about job security.

  • Holiday spending is still rising: Consumers plan to spend an estimated $278 billion this holiday season, up 5.7% from last year.


How much are you willing to sacrifice to make Christmas happen this year?

For a surprising number of Americans, the answer may include groceries, utility bills ,and even healthcare.

A new Intuit QuickBooks holiday shopping survey found that 19% of lower-income shoppers expect to cut back on essentials such as groceries, utilities, or healthcare to afford holiday spending.

That's nearly three times the 7% of upper-income shoppers who said the same thing.

Meanwhile, Americans aren't exactly planning to pull back on Christmas spending overall. QuickBooks estimates consumers will spend $278 billion this holiday season, up 5.7% from last year's estimated $263 billion and considerably higher than the $211 billion projected in 2024.

The survey included 6,000 U.S. adults who plan to participate in the 2026 holiday season.

But behind that growing pile of gifts to wrap is a much different financial picture depending on who's doing the shopping.

Younger shoppers are feeling it, too

The financial pressures arent limited to just lower-income households.

Nearly two-thirds (64%) of Gen Z respondents said they're at least somewhat concerned about job security heading into the holidays, compared with just 28% of Boomers.

And 18% of Gen Z said holiday spending will force them to cut back on essentials such as groceries or bills, compared with 10% of Boomers.

Younger consumers are also more likely to turn to buy now, pay later (BNPL) to cover holiday spending. The survey found 21% of Gen Z and 24% of Millennials plan to use BNPL, compared with 14% of Gen X and just 6% of Boomers.

Meanwhile, 15% of lower-income shoppers say they're taking seasonal work or picking up a side gig specifically to cover holiday costs.

Don't let Christmas come before necessities

There's nothing wrong with wanting to give your family a memorable holiday.

But if buying gifts means skipping a utility payment, putting off healthcare, or shrinking the grocery budget, that's a pretty strong sign the holiday budget needs another look.

Here are four ways to keep Christmas spending under control.

  1. Pay the necessities first. Before deciding how much you can spend on Christmas, subtract your mortgage or rent, utilities, groceries, insurance, debt payments, and other essential expenses from your available income. Your holiday budget should come from what's left and not the other way around.

  2. Don't let Buy-Now-Pay-Later redefine "affordable." Breaking a $400 purchase into four $100 payments may help the budget now, but how will you feel when the next three $100 installments come due? Before using BNPL, ask yourself whether you'd still buy the item if you had to pay the full price today.

  3. Shrink the list before shrinking the grocery budget. Consider setting spending limits with family, drawing names instead of buying for everyone, or agreeing that adults won't exchange gifts. A shorter gift list beats a shorter grocery list.

  4. Give yourself permission to spend less. It's easy to compare your Christmas with what friends, relatives, or people on social media appear to be spending. But nobody opening a gift knows whether it was paid for with cash or whether the giver will still be paying for it in March.

The goal isn't to eliminate holiday spending. It's to make sure Christmas fits into your budget instead of forcing everything else out of it.

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