Business

Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as “strength” in its overall business model. The company now expects total revenue for 2026 of $6.2 billion to $6.45 billion and adjusted earnings before interest, taxes, depreciation

Ken Griffin, Founder and Chief Executive Officer of Citadel, speaks during the America Business Forum at Kaseya Center in Miami, Florida, U.S. Nov. 5, 2025. Marco Bello | Reuters Ken Griffin’s Citadel posted strong gains across its major hedge funds in July, helped by a recovery in risk assets and a discounted purchase of assets

An American Airlines Boeing 737-823 passneger aircraft moves along the tarmac at Chicago O’Hare International Airport (ORD) on August 23, 2024 in Chicago, Illinois.  Daniel Slim | AFP | Getty Images American Airlines elite frequent flyers have to say goodbye to the free coach-to-business leap on several long-haul domestic routes. Starting Aug. 25, American said

Federal Reserve Governor Lisa Cook speaks at the Stanford Institute of Economic Policy Research in Palo Alto, California, U.S., May 27, 2026. Ann Saphir | Reuters Federal Reserve Governor Lisa Cook said Wednesday that she’s ready to support an interest rate hike unless the inflation numbers improve. “Inflation is too high, and I consider the

Burger King and Wendy’s signage. Getty Images Burger King has overtaken Wendy’s as the second-largest burger chain in the U.S. by systemwide sales, retaking its crown six years after losing it to the rival chain. The change in positions follows the two companies’ diverging results over the past two years. Wendy’s has reported shrinking U.S.

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. Berkshire Hathaway‘s operating earnings climbed 16% in the second quarter as strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results. But the bigger takeaway from the results is that

People shop at the Union Square Greenmarket on August 07, 2026 in New York City. Michael M. Santiago | Getty Images News | Getty Images Warm weather usually drives salad sales, but consumers spooked by the ongoing cyclospora outbreaks are avoiding lettuce this summer. Traffic to Chopt Creative Salad Co. locations fell 24% on July

Collateralized loan obligations may become the next big push in the exchange-traded fund industry. VettaFi’s Todd Rosenbluth suggests there’s investor demand for the alternative assets due to ongoing interest rate uncertainty. “[CLOs have] been popular within the marketplace,” the firm’s head of research told CNBC’s “ETF Edge” this week. CLOs are short-term fixed income strategies

The billionaire founder of Rockstar Energy has purchased millions of shares of Celsius Holdings and is calling for the ouster of that company’s CEO after its earnings miss this week. Russ Savage now controls more than 12 million shares of Celsius, he told CNBC. Celsius markets its energy drinks to athletes and health-conscious consumers and

An open-pit copper mine at Asarco’s Mission Mine Complex in Sahuarita, Arizona, US, on Friday, March 6, 2026. Rebecca Noble | Bloomberg | Getty Images Copper surged to a record high Thursday, but the latest rally comes against a more mixed growth backdrop, making the once-reliable gauge of economic health, “Dr. Copper,” harder to read.

United Airlines Polaris lounge in Chicago United Airlines CHICAGO — No advanced seat selection, lounge access or flight changes included with a C-suite executive’s business-class ticket? Absolutely not, some companies say. Delta Air Lines joined United Airlines last month in launching stripped-down business-class fares for certain flights, taking the same approach they used to carve

An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images The U.S. economy surprisingly shed jobs in July,

Pedestrians pass by a Sweetgreen restaurant on Aug. 4, 2026 in San Francisco, California. Heather Diehl | Getty Images Sweetgreen on Thursday cut its full-year outlook and is now projecting steeper same-store sales declines due to diner fears of eating fresh produce during the ongoing cyclospora outbreak. Shares of the salad chain fell more than

United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 35% on Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group

A Fox Sports camera during the game between the Dallas Cowboys and the Jacksonville Jaguars on December 18, 2022 at tIAA Bank Field in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty Images Fox won’t negotiate a new NFL media rights deal before 2030, when its current contract with the league expires via an

Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 ended its more than 5.5% four-day rally on Wednesday, but the broad index’s surge to new records is recalibrating prediction market traders’ outlook for

“Toy Story 5,” “The Super Mario Galaxy Movie” and “Spider-Man Brand New Day.” Disney | Universal Pictures | Sony Billion-dollar films are back in Hollywood. The theatrical industry welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel’s “Spider-Man: Brand New Day” surpassed the coveted benchmark. It joins the three-comma ranks alongside

Federal Reserve Chairman Kevin Warsh speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building in Washington, July 29, 2026. Brendan Smialowski | Afp | Getty Images Add the possibility of fewer meetings into the mix of how Federal Reserve Chairman Kevin Warsh wants to reduce the central bank’s footprint

Brian Moynihan, CEO of Bank of America, speaking to CNBC from Aspen, Co. on Aug. 5th, 2026. CNBC Bank of America spends more than $250 million a year covering GLP-1 weight loss drugs for its employees, CEO Brian Moynihan told CNBC on Wednesday, saying the rapidly rising cost is a worthwhile investment in his workforce.

Leopold Aschenbrenner (L) and Bank of America CEO Brian Moynihan. Photo: Josh Edelson (L) | Oscar Molina (R) Bank of America CEO Brian Moynihan on Wednesday called the recent near-collapse of high-flying AI hedge fund Situational Awareness a warning shot for financial markets that are being fueled by elevated valuations and borrowed money. Situational Awareness,