Business
Real estate titan Barry Sternlicht says he will ‘have to’ drop employees in favor of AI
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Billionaire Barry Sternlicht, […]
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More than 100 lawmakers push Starbucks to resume union negotiations
Starbucks workers and supporters practice picket outside a Starbucks location in New York, US, on Wednesday, Oct. 1, 2025. Michael Nagle | Bloomberg | Getty Images More than 100 lawmakers urged Starbucks to resume bargaining talks with Workers United, the union representing the coffee giant’s baristas, in letters sent to CEO Brian Niccol on Monday. […]
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Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand
DETROIT – Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout success for the South Korean car brand since it launched in 2019, at many times ranking as one of the most highly in-demand […]
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Disney’s newest cruise ship, the Destiny, is getting ready to set sail: Here’s a peek inside
Hero Minnie will appear on Disney’s newest cruise ship the Disney Destiny. Disney The Disney fleet is expanding yet again. Later this month, the Disney Destiny cruise ship will make its maiden voyage from Port Everglades in Fort Lauderdale, Florida, officially becoming the seventh ship in the company’s lineup. The Destiny, which is 221 feet tall […]
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Flight disruptions from shutdown worsen; Delta, United offer extra pay to crew flights
Flight timings and cancellations are displayed on the departures board, a month into the ongoing U.S. government shutdown, at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S., November 9, 2025. Annabelle Gordon | Reuters Flight cancellations were again worsening on Monday as air traffic controller shortages worsened by the longest-ever U.S. government shutdown snarled […]
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Restaurant Brands International to form joint venture for Burger King China to accelerate expansion
People walk past a Burger King restaurant with Chinese national flags displayed on a street during the National Day Golden Week holiday on October 5, 2024, in Chongqing, China. Cheng Xin | Getty Images Restaurant Brands International on Monday announced that it will form a joint venture with CPE, a Chinese alternative asset manager, to […]
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Private-jet demand is on the rise amid government shutdown, says Flexjet CEO
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Demand for flights on private jets has been on the rise during the U.S. government shutdown as commercial air travel headaches have worsened, the CEO […]
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Millionaires value their personal trainers and therapists more than their wealth advisors
Cg Tan | E+ | Getty Images Millionaires are increasingly dissatisfied with their wealth managers and accountants, but they prize their personal trainers and therapists, according to a new survey. Only a third of millionaires use a wealth advisor for their financial planning and 1 in 5 plan to fire their advisor due to high costs and poor service, […]
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Peloton posts bullish holiday forecast, betting that shoppers will spend big on new product lineup
A Peloton stationary bicycle inside a store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton on Thursday posted its second profitable quarter in a row as it released strong guidance for the crucial holiday shopping season, banking on its relaunched product assortment to drive […]
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McDonald’s U.S. boss puts focus on ‘value and affordability’ as consumer spending splits
A McDonald’s restaurant in Richmond, Virginia, US, on Monday, Nov. 3, 2025. Al Drago | Bloomberg | Getty Images McDonald’s leadership is urging operators to stay the course on value offerings as the competition for consumers plays out across the restaurant space. In a memo to U.S. operators following the company’s third-quarter earnings, McDonald’s U.S. […]
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