Business
Mediterranean chain Cava lowers forecast after disappointing same-store sales growth
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% […]
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SpaceX rival AST SpaceMobile prepares to deploy nearly five dozen satellites
Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk’s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that […]
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Quantum computing could be commercial real estate’s next big tailwind
Parts of the IBM Quantum System Two are displayed at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities […]
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Aaron Rodgers-backed startup aims to be the IMDb for pro athletes
Aaron Rodgers, #8 of the Pittsburgh Steelers, in action during Minicamp at UPMC Rooney Sports Complex in Pittsburgh, Pennsylvania, on June 10, 2025. Justin K. Aller | Getty Images Sport | Getty Images NFL quarterback Aaron Rodgers is backing a startup that hopes to make athletes more accessible to companies, charities and sponsors. AthleteAgent.com launched […]
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Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs
On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, […]
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Sinclair is exploring merger options for its broadcast business
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair, one of the largest broadcast station owners in the U.S., is launching a strategic review of its broadcast business that could result in a merger, the company said Monday. The company and its […]
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ESPN, Fox to bundle upcoming streaming services for $39.99 a month
Philadelphia Eagles wide receiver DeVonta Smith (6) scores a touchdown during Super Bowl LIX between the Philadelphia Eagles and the Kansas City Chiefs on February 9, 2025 at the Superdome in New Orleans, LA. Icon Sportswire | Icon Sportswire | Getty Images Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer […]
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Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs
An aerial view as a Ford sign stands on the sales lot of the Metro Ford dealership on May 06, 2025 in Miami, Florida. Joe Raedle | Getty Images Ford on Monday announced it would invest $2 billion in a Louisville, Kentucky, assembly plant aimed at rolling out more affordable electric vehicles. The investment comes […]
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AMC shares surge as movie theater chain narrows losses
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | Reuters Shares of AMC Entertainment rose 8% in early trading Monday after the movie theater chain reported stronger-than-expected second-quarter results. The company posted revenue of nearly $1.4 million, up about 35% year over year and topping […]
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Can Stitch Fix make a comeback? Inside the company’s return to growth
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Could Stitch Fix be on the path to a comeback? The clothing subscription service, one of the many pandemic […]
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