Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill.Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As...
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASALog entry: Day 71.Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA, leaders and engineers are gathering, analyzing and deliberating.Boeing's Starliner capsule...
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would have come with immediate raises averaging more than 24%, their...
A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York.Tiffany Hagler | Bloomberg | Getty ImagesMars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Wednesday.The M&M owner Mars...
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming.But it was the declaration that FanDuel will not add...
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesJust like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners...
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over...
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022.NASAPrivate polar expeditions are reaching a new level: Space.Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed...
Chipotle stock fell more than 10% Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 770% since since he took over.Chipotle's board named Chief...
Zoom In IconArrows pointing outwardsThe direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover GLP-1s when they are used to treat diabetes, so those patients can...