Business Archives | Page 12 Of 173

Doordash stock drops 15%, heads for worst day ever on spending concerns

Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million Dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]

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Here’s what travelers need to know as the FAA announces flight reductions at 40 airports

Business News

A Republic Airways plane takes off near the air traffic control tower at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Tuesday, Oct. 28, 2025. Samuel Corum | Bloomberg | Getty Images Airlines rushed to provide travelers updates after the Federal Aviation Administration said Wednesday that it would reduce flights across 40

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CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook

Business News

A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 12% during morning trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down.

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Qualcomm reports earnings, revenue beat and issues strong forecast

Technology News

Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $3.00 adjusted vs. $2.88 expected Revenue: $11.27 billion vs. $10.79 billion expected Revenue rose 10% from $10.24 billion a year earlier, Qualcomm

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Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags

Business News

Chipotle Mexican Grill and Coach store logos. Getty Images Chipotle and Cava pinned weaker sales on younger customers who are pulling back and packing lunches. But Gen Z shoppers are still spending on Coach handbags to bring to work — even if they’re skipping bowls and burritos. Coach’s parent company Tapestry raised its full-year outlook

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Target’s sloppy stores are wearing on shoppers, and its turnaround could hinge on cleaning them up

Business News

The Target bullseye logo is seen on the outside of its store at the Lycoming Crossing Shopping Center. Paul Weaver | Lightrocket | Getty Images Customers used to hold up Target as an example of how to run large, yet sparkling stores. Yet in recent years, shopper complaints about sloppier aisles, longer checkout lines, locked-up

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Family offices make fewer deals but still flock to AI startup mega-rounds

Technology News

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,

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Peloton recalls 833,000 more bikes over seat post issue, two injuries reported

Business News

The entrance to the Peloton offices in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Peloton is recalling its original Bike+ after receiving reports that the seat post broke and detached from the equipment during use, leading to two injuries, the Consumer Product Safety Commission said in a news release Thursday. The recall impacts

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Eli Lilly to start late-stage trials on amylin obesity drug after it shows up to 20% weight loss in study

Business News

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023. Mike Blake | Reuters Eli Lilly on Thursday said it will start late-stage trials on its experimental amylin obesity drug next month after it showed encouraging results in a mid-stage study. The highest dose of the weekly injection, called eloralintide, helped patients

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Lucid misses Wall Street expectations, narrows production guidance

Technology News

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 – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as the all-electric vehicle maker continues to address problems with the launch of its new flagship

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Here’s what travelers need to know as the FAA announces flight reductions at 40 airports

CarMax stock falls 12% as CEO steps down, used car retailer releases weak outlook

Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags

Target’s sloppy stores are wearing on shoppers, and its turnaround could hinge on cleaning them up

Family offices make fewer deals but still flock to AI startup mega-rounds

Peloton recalls 833,000 more bikes over seat post issue, two injuries reported

Eli Lilly to start late-stage trials on amylin obesity drug after it shows up to 20% weight loss in study

Lucid misses Wall Street expectations, narrows production guidance

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