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Cava cuts full-year forecast, in another warning sign for fast-casual restaurants

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 […]

Cava cuts full-year forecast, in another warning sign for fast-casual restaurants Read More »

Rivian beats Wall Street’s Q3 expectation, maintains guidance

Rivian beats Wall Street’s Q3 expectation, 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 its second quarterly gross profit this year thanks to a joint venture with Volkswagen

Rivian beats Wall Street’s Q3 expectation, maintains guidance Read More »

Perplexity AI accuses Amazon of bullying with legal threat over Comet browser

Perplexity AI accuses Amazon of bullying with legal threat over Comet browser

Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity AI accused Amazon of “bullying” on Tuesday after it received a letter from the e-commerce giant demanding it prevent people from using

Perplexity AI accuses Amazon of bullying with legal threat over Comet browser Read More »

‘KPop Demon Hunters’ is boosting more than just Netflix: Korean music, politics ride the craze

‘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

‘KPop Demon Hunters’ is boosting more than just Netflix: Korean music, politics ride the craze Read More »

Metsera says Novo Nordisk’s new up to  billion bid for obesity drugmaker is ‘superior’ to revised Pfizer offer

Metsera says Novo Nordisk’s new up to $10 billion bid for obesity drugmaker is ‘superior’ to revised Pfizer offer

The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Metsera on Tuesday said Novo Nordisk‘s new

Metsera says Novo Nordisk’s new up to $10 billion bid for obesity drugmaker is ‘superior’ to revised Pfizer offer Read More »

Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant

Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant

Justin Sullivan | Getty Images Instacart on Tuesday launched a suite of artificial intelligence tools for grocers to deliver more personalized shopping experiences and improve retail operations. CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to power hundreds of digital storefronts. “It’s

Instacart rolls out AI tools for grocers, Sprouts will be first to use its Cart Assistant Read More »

Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI

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

Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI Read More »

Pfizer tops estimates, raises profit guidance even as sales fall

Pfizer tops estimates, raises profit guidance even as sales fall

Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021. John Thys | Reuters Pfizer on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year profit guidance, as cost cuts

Pfizer tops estimates, raises profit guidance even as sales fall Read More »

Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC

Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC

A Taco Bell logo is displayed outside their restaurant on Feb. 28, 2025 in San Diego, California. Kevin Carter | 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 company also announced plans to review strategic options for Pizza

Yum Brands quarterly revenue rises 8%, fueled by Taco Bell and KFC Read More »

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