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….
Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair in Los Angeles, California on July 29, 2026. Patrick T. Fallon | Afp | Getty Images Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed…
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…
The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of Labor Statistics reported Friday in a snapshot that showed a slowing employment picture. Nonfarm payrolls fell by a seasonally adjusted 23,000 for the month, compared to a downwardly revised 20,000 for June. The Dow Jones…
Anchiy | E+ | Getty Images The availability of lower-priced homes for sale is increasing, but that doesn’t mean buyers can afford them, new research suggests. Sales of starter homes fell 5.4% in May compared with a year earlier, despite there being 4.5% more available, according to a report from real estate firm Zillow. The…
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…
Venture capital investor John Doerr during an interview on an episode of “Bloomberg Wealth with David Rubenstein” in Stanford, California, July 22, 2022. David Paul Morris | Bloomberg | Getty Images 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…
A general view of logo and signage for a Burger King, Home of the Whopper on January 29, 2026 in London, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly earnings that topped analysts’ expectations, fueled by strong growth for the once-struggling Burger King, both domestically and abroad. “Burger King’s performance is…
The logo of car manufacturer Ford is pictured in Inwood, New York, on Feb. 5, 2024. Charly Triballeau | AFP | Getty Images Ford Motor announced Thursday that its new midsize electric truck will have a starting price of $28,350 and be called the “Fathom,” as the automaker looks to offer an affordable option in…
The Eli Lilly and Novo Nordisk logos. Mike Blake | Tom Little | Reuters The diverging paths of two GLP-1 drugmakers were on full display this week. Both Eli Lilly and Novo Nordisk beat second-quarter estimates and raised their full-year outlooks. But while investors cheered Lilly’s results, sending shares higher on Wednesday, they punished Novo…