Business

Less than a decade after its founding, food startup Wonder has seen its footprint and valuation soar. Still, the company has even more ambitious plans ahead, like a subscription program to let diners run their own “restaurants,” an aggressive expansion in Texas and a potential initial public offering. Created by serial entrepreneur Marc Lore in

Travelers navigate security lines at Minneapolis-St. Paul International Airport Terminal 1 on March 23, 2026 in Minneapolis, Minnesota. Stephen Maturen | Getty Images Fewer people are flying this year, but with airfare this high and climbing, airline executives say that’s just fine. At the New York Hilton in Midtown Manhattan on Friday night, the aviation

GOODYEAR, Ariz. — An Airbus A320neo, one of the world’s most popular planes, rolled off the Mobile, Alabama, factory line in July 2022, painted bright yellow for its next destination: Spirit Airlines. It was built to fly for decades. But this May, less than four years later, it was stripped for parts worth millions and

Stephen Squeri, chairman and chief executive officer of American Express Co., speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 10, 2022. Stephanie Keith | Bloomberg | Getty Images American Express is cutting thousands of employees as the leading credit card company prepares for artificial intelligence to take

Moderna shares dropped as much as 25% on Thursday following the leak of partial data on its closely watched cancer vaccine developed with Merck. Shares of both drugmakers fell even though the data, released in full later Thursday following the leak, appeared meaningful for patients and positive relative to Wall Street expectations. The personalized vaccine,

A sign is posted in front of a Chili’s restaurant in Rohnert Park, California, on Dec. 13, 2024. Justin Sullivan | Getty Images Restaurant stocks have split sharply this year. And it could be tied to how many brands they own. Shares of Brinker International, Darden Restaurants and Restaurant Brands International are up roughly 32%,

Comcast beat Wall Street’s expectations for third-quarter earnings — despite headwinds in its theme parks business — thanks to continued strength in its media unit. The company’s Peacock streaming service reported a quarterly profit for the second time since its launch in 2020, posting $261 million in adjusted earnings before interest, taxes, depreciation and amortization

David Ellison, co-CEO of Skydance Corp., and SpaceX CEO Elon Musk. Michael Nagle | Bloomberg | Kent Nishimura | AFP | Getty Images Elon Musk has made an investment in Skydance of roughly $1 billion, according to a person familiar with the matter who asked not to be named because they were not authorized to

David’s Bridal is planning to spin off its artificial intelligence platform, Pearl, into a stand-alone publicly traded company targeting a valuation of roughly $350 million, CNBC learned exclusively. The company expects the deal to close in the first half of 2027. David’s Bridal filed a nonbinding letter of intent on Thursday to separate out Pearl.

A staff member is seen at a Taco Bell restaurant in London. May James| Sopa Images | Lightrocket | Getty Images PepsiCo and Taco Bell renewed their long-running partnership through 2036, the food and beverage company said Thursday. The announcement comes one week after Taco Bell’s sister chain, KFC, said that it will switch to

The latest push into high-end travel is taking place on the high seas, as cruise lines increasingly lean on luxury offerings. On Regent’s Seven Seas Splendor, an all-luxury ship, cabins cost anywhere from $1,800 to $15,000 per night for its top-of-the-line booking, the Regent Suite. The difference is not just the roughly 5,100 square feet

American Airlines forecast deeper losses this year and said it will slow its capacity growth next year as record revenue failed to help the airline recover from a spike in fuel costs. American said Thursday that it expects to lose between $1 and $1.60 a share, on an adjusted basis in 2026. In July, it

Douglas Rissing | Istock | Getty Images While advertising dollars increasingly shift toward streaming and digital platforms, the political ad war is still being fought over the free airwaves. Broadcast television companies are set to capture the greatest portion of political ad spend ahead of the midterm elections, according to advertising intelligence company AdImpact. The

Procter & Gamble on Thursday reported quarterlyearningsand revenue that beat analysts’ expectations, fueled by growing demand for its laundry detergent and home care products. Shares of the company rose more than 5% in morning trading. Here’s what the company reported for the three-month period ended Sept. 30 compared with what Wall Street was expecting, based

Southwest Airlines became the third major U.S. airline this month to cut its 2026 profit forecast due to higher fuel prices, but CEO Bob Jordan said travelers continue to book despite higher fares. The carrier expects to earn between $2.60 and $2.85 a share on an adjusted basis this year, down from its forecast in

American Express is bringing Airbnb into its travel rewards platform. The companies on Thursday announced a new partnership to bring more than 1 million Airbnb listings to Amex’s travel portal and allow cardholders to earn rewards when booking the stays. It does not currently allow members to redeem points to pay for Airbnb bookings. The

NEW YORK — General Motors plans to lean into artificial intelligence and vehicle software for future growth and development amid increasing competition abroad from Chinese automakers and a tougher U.S. market. The Detroit automaker on Wednesday shared new details about a proprietary AI agent it’s releasing under its OnStar brand, plans for a fourth generation

The Netflix logo is seen at the Egyptian Theatre ahead of the premiere for Netflix’s “Running Point,” Season 2, in Hollywood on April 15, 2026. Patrick T. Fallon | Afp | Getty Images Netflix is making itself clear: It’s a streaming-first business. During the company’s third-quarter earnings call on Tuesday, co-CEO Ted Sarandos reiterated the

Retailers are trimming assortments in an effort to clean up their balance sheets. As shoppers cut spending in the face of high gas and food prices, businesses have pulled more levers to boost profitability and appease investors. During earnings calls this year, a range of retailers have highlighted efforts to reduce the number of items