Air traffic controllers union president says it'll take weeks to recover from shutdown impact

NATCA President Nick Daniels said on CNBC's "Squawk Box" Wednesday that it could take the industry "weeks to recover" from the impacts of the shutdown....

McDonald's sales rise, but CEO expects low-income diners to spend less into next year

McDonald's stock has risen just 3% this year, as investor concerns about the restaurant industry and the broader economy have weighed on shares....

There's an outperforming real estate sector hiding in plain sight

Industrial outdoor storage (IOS) is suddenly seeing significant demand and rent growth amid lean supply. ...

Wealthy investors expected to drive $32 trillion alternatives boom

A recovery in IPOs and mergers, falling interest rates and the AI boom will all drive a new growth cycle in private markets, according to Preqin. ...

UPS cargo plane crash near Louisville airport kills at least 9

A UPS flight with three crewmembers crashed near Louisville, but the cause and extent of injuries were unclear....

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

The Mediterranean chain reported same-store sales growth of 1.9% and flat traffic for the third quarter....

Rivian beats Wall Street's Q3 expectations, maintains guidance

Rivian Automotive beat Wall Street's expectations for the third quarter, as the company reported its second quarterly gross profit this year....

AI-washing and the massive layoffs hitting the economy

Amazon, Target and UPS are laying off thousands of employees, but the reasons behind the cuts go a lot deeper than AI. ...

Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results

Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations....

Papa John's sinks 10% on report Apollo withdrew its offer to take chain private

Shares of pizza chain Papa John's sank 10% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private....