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Starbucks’ Schultz is stepping down, young Americans are buying houses again, and more top news

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Starbucks
Starbucks executive chairman Howard Schultz announced that he'll be leaving his position at the end of the month. Schultz bought Starbucks in the late 1980s and oversaw its expansion to a global cafe giant with about 28,000 outlets in 77 countries.

Mortgages
First-time buyers are making up about half of all new mortgages — a sign that young people are getting a boost from the strong job market and cheap credit. New buyers make up for 46% of new mortgages, a share not seen since 2012.

SEC
The SEC has appointed its first ever digital currency chief. Valerie A. Szczepanik has been named as associate director of its division of corporation finance and senior advisor on digital assets to the division's director.

Quote:
“It seems like yesterday that I first walked into the Pike Place store, stepped across the threshold, and was swept into a world of coffee and community.” Starbucks’ Howard Schultz’s letter to his employees, announcing his departure.
 
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Animation: Lucy Clinch 
Script: Katie Carroll, Jessica Hartogs
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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