Business
Rivian beats Wall Street’s Q3 expectations, maintains guidance
Rivian electric SUV parked outside brick showroom on a sunny day, San Francisco, California, August 19, 2025. Smith Collection/gado | Archive Photos | Getty Images DETROIT – Rivian Automotive beat Wall Street’s expectations for the third quarter, as the company reported a its second quarterly gross profit this year thanks to a joint venture with […]
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Cava cuts full-year forecast, in another warning sign for fast-casual restaurants
Pedestrians carry Cava bags along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 18, 2025. Michael Nagle | Bloomberg | Getty Images Cava on Tuesday cut its full-year forecast for the second straight quarter as younger consumers visit its restaurants less frequently. “When you look at different […]
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Papa John’s sinks nearly 20% on report Apollo withdrew its offer to take chain private
Shares of Papa John’s sank nearly 20% on Tuesday following a report that Apollo Global has withdrawn its offer to take the pizza chain private. Reuters reported that the private equity firm backtracked on its bid, valued at $64 a share, about a week ago. The firm previously submitted an offer for Papa John’s alongside […]
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Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come. […]
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Commercial real estate deals are slowing, but these two beleaguered sectors are shining
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. Commercial real estate […]
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‘KPop Demon Hunters’ is boosting more than just Netflix: Korean music, politics ride the craze
At South Korea’s largest amusement park, crowds of people wait for hours to be a part of the “KPop Demon Hunters” craze. U.S. streaming giant Netflix, the distributor of the Sony Pictures Animation film, has collaborated with the Everland park outside of capital city Seoul to create a themed zone featuring whack-a-mole, dance games and […]
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Goldman’s Nachmann warns of ‘deployment pressure’ from explosion of evergreen funds
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to […]
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Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance […]
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Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue growth, fueled by strong demand for Taco Bell and improved U.S. sales for KFC. The restaurant […]
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Yum Brands to review strategic options for Pizza Hut, opening the door to a sale
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Pizza Hut’s third-quarter revenue fell short of analysts’ expectations for same-store sales. Brandon Bell | Getty Images Yum Brands on Tuesday announced that it will explore strategic options for Pizza Hut. “The Pizza Hut team has been working hard to address business […]
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