Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.
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Why popular airplanes are getting scrapped years early
Airplanes are getting dismantled for parts years ahead of schedule because engines and other components are in short supply.
Restaurant earnings will test whether owning more brands pays off
Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain stocks like McDonald's and Chipotle.
American Express is cutting 5% of its workforce
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
Fewer people are flying as airfare soars. Here's why airlines aren't worried
Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares.
Moderna shares plunge after leak of cancer vaccine data despite positive results
Moderna's stock fell even though the full data, released later Thursday, appeared positive based on Wall Street expectations ahead of the release.
Elon Musk reportedly invests about $1 billion in Skydance
David Ellison's father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.
Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola.
Cruise lines chase luxury travelers with suites for up to $25,000 a night
CNBC got a tour of the Regent Suite, a top-of-the-line offering on Regent's Seven Seas Splendor that goes for $15,000 a night.
American Express brings Airbnb bookings and rewards to Amex Travel platform
More than 1 million Airbnb listings are now available to book through Amex Travel, allowing customers to earn membership points on prepaid bookings.
Comcast beats earnings expectations as media revenue offsets weakness in connectivity
Comcast is in the process of spinning off its media business into a separate publicly traded company.
American Airlines expects deeper 2026 loss on pricier fuel despite record revenue
It's the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs.