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Kering released its third-quarter 2025 financial results on Thursday, showing it reduced the slump it had seen in the previous quarter. The French luxury goods house, which owns brands like Balenciaga, Gucci, and Yves Saint Laurent, reported 3.42 billion euros ($3.97 billion) in group revenue, down 5% year-over-year (YOY) compared to a 15% drop in quarter-two. It also beat Wall Street’s estimate of a 9.6% decline, according to consensus estimates cited by Reuters. Kering attributed the reduced revenue YOY, in part, to a negative currency effect of 5%. Luxury is in a lull As a whole, luxury brands have struggled in recent years, with blame boomeranging be…

Rare earth stocks find themselves underground on Monday as Treasury Secretary Scott Bessent said he expects that China and the U.S. will work out a trade deal in the near future. Meanwhile, stock markets largely soared on news of the trade optimism, with the Dow Jones Industrial Average up roughly 0.5%, the S&P 500 up 1%, and the Nasdaq up 1.6% as of midday Monday. Bessent, appearing on CBS’ “Face the Nation” Sunday news program, said that he anticipates that China will resume soybean purchases from the U.S., and that there could be an announcement on Thursday when President The President and Chinese President Xi Jinping meet in South Korea. “I’m not going…

Multiple Twin Sisters Creamery cheese products have been recalled following an E. coli outbreak in Washington and Oregon. To date, two adults and one child have reported illnesses linked to the outbreak. On October 25, 2025, Twin Sisters Creamery recalled Whatcom Blue, Farmhouse, Peppercorn, and Mustard Seed varieties of its 2.5-pound round cheese wheels. The cheese wheels were sent to distributors in Washington and Oregon. Some products were further distributed to retail stores for repacking or sold as pre-cut, half-moon-shaped pieces. The products are made with raw, unpasteurized milk and may be contaminated with Shiga toxin-producing Escherichia coli (STEC) an…

Fast-casual restaurant chain Chipotle Mexican Grill (NYSE: CMG) is seeing its stock price plummet this morning after reporting third-quarter 2025 earnings and a sales forecast that alarmed investors. As of the time of this writing, CMG shares are down a staggering 19% to $32.21 in premarket trading. Here’s what you need to know about the company’s stock price crash. What’s happened? On Wednesday, Chipotle reported its Q3 2025 earnings after the bell. Some of what the company revealed has alarmed investors. But first, here are the company’s most critical quarterly metrics: Total revenue: $3 billion (a 7.5% increase) Comparable restaurant sales: up 0.…

In addition to voting in the highly anticipated mayoral race this November, New Yorkers will make another consequential decision this election day. They’ll also decide whether the city will begin holding elections only on even-numbered calendar years. While it may sound irrelevant, it’s an important yay or nay. The measure, as written in Ballot Proposal 6, would mean that off-year primary and general elections would begin taking place in the same year as the presidential elections. If New Yorkers voted for the proposal, it would be in line with what New York state has already been moving toward. Earlier this month, the Court of Appeals unanimously voted to uphold …

Flight delays continued at U.S. airports Sunday amid air traffic controller shortages as the government shutdown entered its second month, with Newark airport in New Jersey experiencing delays of two to three hours. New York City’s Emergency Management office said on X that Newark delays often ripple out to the region’s other airports. Travelers flying to, from or through New York “should expect schedule changes, gate holds, and missed connections. Anyone flying today should check flight status before heading to the airport and expect longer waits,” the social media post added. George Bush Intercontinental Airport in Houston, Dallas Fort Worth International Airport and…

When a leader inherits a business in crisis, what decisions can they make to steady the ship and drive positive change? The Honest Company CEO Carla Vernón and National Women’s Soccer League commissioner Jessica Berman riff on counterintuitive methods for gaining employee trust after public scandals and share practical advice on reframing strategy. This is an abridged transcript of an interview from Rapid Response, hosted by former Fast Company editor-in-chief Bob Safian and recorded live at the 2025 Masters of Scale Summit in San Francisco. From the team behind the Masters of Scale podcast, Rapid Response features candid conversations with today’s top business leade…

A second food recall has been initiated after a California-based fruit supplier discovered that some of its yellow and white peaches might be contaminated with Listeria monocytogenes, which can cause potentially deadly infections. Here’s the latest and what to know: What’s happened? On October 29, Moonlight Companies voluntarily recalled “California-grown conventional” yellow and white peaches due to a risk of contamination with Listeria monocytogenes. Some items were sold under the Kroger name, the company said in its announcement. Listeria was found in the packing facility. To date, no illnesses have been reported. However, the impacted fruit was sold at re…

Drilling for minerals deep in the ocean could have immense consequences for the tiny animals at the core of the vast marine food web — and ultimately affect fisheries and the food we find on our plates, according to a new study. Deep-sea mining means drilling the seafloor for “polymetallic nodules” loaded with critical minerals including copper, iron, zinc and more. While not yet commercialized, nations are pursuing deep-sea operations amid rising demand for these minerals in electric vehicles and other parts of the energy transition, as well as for technology and military use. The researchers examined water and waste gathered from a deep-sea mining trial in 2022. W…

United Airlines, American Airlines, and Delta Air Lines said they will refund tickets for customers who will be flying starting on Friday, November 7, after the Federal Aviation Administration (FAA) announced a 10% reduction in flights at 40 major airports, expected to affect some 3,500 to 4,000 flights daily. The reductions come amid the ongoing federal government shutdown, which has created a shortage of air traffic controllers, some of whom are not being paid. “Any customer traveling during this period is eligible for a refund if they do not wish to fly—even if their flight isn’t impacted,” United Airlines CEO Scott Kirby said in a statement. “That includes non…

Ice cream maker Dreyer’s Grand Ice Cream Company has issued a voluntary recall of select Häagen-Dazs Chocolate Dark Chocolate Mini Bars after discovering they might have wheat in them. An investigation is underway, but Dreyer’s believes that food with wheat was put in the wrong packaging at the start of a production run, according to its announcement, published by the Food and Drug Administration (FDA). There are no related illnesses or injuries as of Dreyer’s announcement on Monday, November 3. As Dreyer’s states, “Those with an allergy or severe sensitivity to wheat run the risk of serious or life-threatening allergic reaction if they consume these product…

The headlines are clear: AI is disrupting entry-level jobs across industries, including consulting and professional services. There’s just one problem. Eliminating these roles overlooks a critical business need—your pipeline of next generation leaders. The rush from pyramid to diamond workforce models is short-sighted. In the pyramid model, you grow leaders from the ground up. In the diamond model, you cut the base and bet on later-stage talent to carry the weight. It may look efficient now, but it comes at the expense of long-term leadership development. If we don’t shift the trajectory, it’s likely to worsen the leadership gender gap. Despite women outpacing men…

If you work in an office, chances are good that you’re familiar with the “slop bowl,” TikTok’s term for the ubiquitous lunch of nine-to-fivers that involves a bunch of ingredients mixed together with a base of salad or rice. Now, Cava, the fast-casual Mediterranean-inspired restaurant chain, is introducing its first-ever merch line that pays homage to its fans’ most beloved slop bowl ingredients. The collection is set to debut on the Cava Shop on Thursday, November 13. It includes a hat emblazoned with the word “Feta,” which, according to a press release, is “a staple for the MILF (Man, I Love Feta, of course) crew”; a T-shirt that doubles as an ode to Cava’…

Affordable housing has gone in search of collaborations. Across the country, developers and cities have found a solution in pairing housing with unexpected projects to save money and build more vibrant communities. A wave of libraries, fire stations, and even Costco stores have been built below or adjacent to much-needed, lower-cost apartments. Now a new development in the Southern California city of San Juan Capistrano is sharing a lot with City Hall. Salida del Sol, a $31 million, 49-unit supportive housing development by Jamboree Housing Corp., opened this past July on a 2.2-acre site downtown. At a time when federal support for homeless services is waveri…

After enough Democrats caved this week and agreed to fund the federal government without guarantees for extending healthcare subsidies for tens of millions of Americans, a big question on the minds of many is “Will my health insurance premiums go up?” Unfortunately, the answer is likely to be a resounding yes, according to data compiled by the Kaiser Family Foundation (KFF), the nonprofit health research institute. Here’s how much more individuals and families of four can expect to pay for their healthcare premiums in 2026, unless Republicans decide to extend Affordable Care Act (ACA) enhanced premium tax credits—something the majority of GOP congresspeople have …

ByHeart Whole Nutrition Infant Formula is being recalled in 12 states due to concerns it may be contaminated with Clostridium botulinum, as the U.S. Food and Drug Administration (FDA) and Centers for Disease Control and Prevention continue to investigate a multi-state outbreak of infant botulism. As of November 10, 15 infants who were either fed the formula or exposed to it have developed infant botulism in 12 different states. Those states are: Arizona, California, Illinois, Kentucky, Minnesota, North Carolina, New Jersey, Oregon, Pennsylvania, Rhode Island, Texas, and Washington. The investigation remains ongoing. All 15 infants were hospitalized, and no deaths …

America is in an overstock and returns crisis. Every year 8.4 billion pounds of products are returned to online sellers, according to the National Retail Federation. The typical solution from retailers is to send the roughly 17% of their inventory made up of returns to a landfill, regardless of the condition of the products. It’s a problem that sellers have little incentive to solve. Since dumping product can be written off as the cost of doing business in profit and loss statements, companies don’t invest in a complex reverse supply chain or inspect items for potential resale value. But recommerce site Rebel just raised a $25 million series B round to fuel its wo…