Daily Briefing, Jan. 17

Daily Briefing, Jan. 17

SFGate

Published

**

Starbucks’ push

in poorer areas

*Starbucks* said Thursday it is expanding its effort to put more coffee shops — and create more jobs — in poor neighborhoods. The Seattle company plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will hire local staff, including construction crews and artists, and will have community event spaces. The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015, including one in Phoenix, right. Starbucks estimates the shops have created more than 300 jobs.

**

Number of the day

$1 trillion

That was the market cap hit Thursday by Mountain View’s *Alphabet*, making it the fourth technology company — after *Apple*, *Amazon* and *Microsoft* over the past two years — to pass this once unimaginable valuation. *Google*’s parent company reached its latest numerical milestone as it is facing some of its biggest tests. The company is bidding adieu to its founders, *Larry Page *and *Sergey Brin*, whose love of math and disregard for Wall Street once embodied Google’s free spirit. The two said last month that they would step down from their executive roles.

Full Article