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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.…

What’s the best way to respond when customers, former fans, or anyone else criticizes your work? Taylor Swift just provided a perfect script for what to say. It’s a great example for any entrepreneur, business leader, or creator to follow. Swift’s 12th album, The Life of a Showgirl, released 10 days ago, is unquestionably a commercial success. It broke streaming records on Spotify with more than five million pre-saves, as just one example. But that doesn’t mean that everyone loves it. The reaction from music critics has been lukewarm and the reaction from fans is decidedly mixed, with some saying they adore the album and others saying they can’t stand it. One brand st…

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Glenn Fogel joined dot-com darling Priceline in early 2000, a year after the “name your price” travel site’s blockbuster initial public offering (IPO). “I joined one week before the Nasdaq peaked,” Fogel recalls. Within a year of his arrival, the stock had cratered to $6 a share. By March 2…

Across the streaming world, companies have been focused on adding features that make their top-tier subscriptions more valuable to the users who consume their content. Anime streamer Crunchyroll recently added access to a library of digital manga for top-paying customers. Spotify—somewhat belatedly—has begun offering high-quality audio for its Premium subscribers. SoundCloud is taking a different approach. It operates a standard streaming platform, with 100 million licensed tracks. But SoundCloud also has an enviable base of creators—musicians, DJs, podcasters, and more—who have uploaded 300 million tracks on the service to reach fans and make money from their stream…

How do you say yes when you have no idea how to deliver? My cofounders and I built Moment Factory by saying yes to projects most people thought were impossible. Long before the technology existed, we designed interactive concerts, illuminated night walks through forests, and towering LED installations in airports. Every project started with the same challenge: Finding the path to make the impossible possible. The unknown isn’t unique to our industry. Every creative team faces it—startups launch apps no one knew they needed, architects design spaces no one had imagined, chefs invent dishes no one had tasted. At the beginning of every project, you don’t know the outcome…

TD Bank is getting ready to implement a number of branch closures across more than a dozen states on the East Coast. Those closures come at a time when the bank is increasingly shifting its focus to online banking. Here’s what you need to know about TD Bank’s branch closures, including a list of closing locations. Why is TD Bank closing some of its branches? TD Bank is closing some of its branches as part of a broader plan to reduce or relocate 10% of its retail footprint. “At Investor Day last month, TD shared plans to deliver a stronger, more scalable U.S. retail presence through significant store enhancements, tech-forward digital banking capabilities, and …

Qatar Airways will sell its stake in Hong Kong-based Cathay Pacific Airways in a share buyback valued at $896 million, the companies announced, ending the Qatari carrier’s eight-year involvement with the airline. The announcement came late Wednesday in a stock market filing by Cathay Pacific, which saw its shares gain 4.2% on the Hong Kong Stock Exchange on Thursday. Under the agreement, Qatar Airways will sell all of its holdings, which represent 9.57% of Cathay Pacific stock. The airline’s other major shareholders are Swire Pacific and Air China. The plan is subject to shareholder approval. “The buy-back reflects our strong confidence in the future of the Cathay Grou…

Despite its status as an architectural celebrity, the Breuer building, commissioned by the Whitney Museum in the 1960s, has never had an easy relationship with New York City. With a hulking, top-heavy build, brooding dark-gray granite cladding, and nearly windowless facade, it’s as introverted as buildings come, standing confrontationally against its traditional Upper East Side neighbors. Either you love it or hate it. Critic Ada Louise Huxtable described the building as an acquired taste akin to “olives or warm beer” (how appetizing) yet celebrated the “maximum artistry and almost hypnotic skill” of its namesake architect, the Bauhaus-trained modernist Marcel Breuer…

Now that Halloween has come and gone, you might have wrongly assumed that candy season is over. Not if the Hershey Company anything to say about it. In fact, the sweets are just getting started. On its first-annual holiday virtual preview this week, the confectionary company revealed four exciting new products and explained how the company is stocked and ready to make the hectic holiday season even sweeter. Here’s what to know: What new items does Hershey have up its sleeve? Hershey announced four new treats that will hit shelves this holiday season: Hershey’s Kisses Snickerdoodle Cookie Candy Kit Kat Peppermint Stick Reese’s Mini Trees Hers…

A lifelong Manchester City fan stands in front of a 3D virtual avatar of the team’s star player, Erling Haaland, at an EA Sports FC prelaunch event. Towering and lifelike, the avatar’s every grin, gesture, and movement is perfectly synced to Haaland himself. The fan plays, interacts, and even shares a laugh during a spontaneous dance battle with the digital Haaland in real time. For a few electrifying moments, it’s as if their football hero has come to life in front of their eyes, blurring the line between reality, fandom, and technology. This isn’t a far-off sci-fi scenario; it already happened. 3D digital avatars are starting to transform how humans connect in v…

Paul Tagliabue, who helped bring labor peace and riches to the NFL during his 17 years as commissioner but was criticized for not taking stronger action on concussions, died Sunday from heart failure. He was 84. NFL spokesman Brian McCarthy said Tagliabue’s family informed the league of his death in Chevy Chase, Maryland. Tagliabue, who had developed Parkinson’s disease, was commissioner after Pete Rozelle from 1989 to 2006. He was elected to the Pro Football Hall of Fame as part of a special centennial class in 2020. Current Commissioner Roger Goodell succeeded Tagliabue. “Paul was the ultimate steward of the game — tall in stature, humble in presence and decisive in …

Bitmoji is going back to 2D. Snapchat announced Monday that a new Bitmoji style inspired by the classic 2D look will be an option for Snapchat+ subscribers in the coming days. The revamped style for the app’s popular avatars is called Comic Bitmoji. Bitmoji’s 3D redesign in 2023 allowed Snapchat to launch new body types and deliver faster on top fashion requests, from low-rise jeans to saris, says Swetha Dhamodharan, a senior product director at Snapchat. But there’s been growing calls to bring back the old 2D comic style. One online petition to bring back the style has racked up nearly 100,000 signatures. “I think that there’s just a little bit of nostal…

American agriculture is facing a crisis. The average U.S. farmer is nearly 60, and according to American Farmland Trust research, we are losing farmland at a rate of more than 2,000 acres per day. Yet, consumer demand for organic and regenerative food continues to climb, creating an urgent need. This is not just an agricultural issue. It is an economic and cultural challenge with profound implications for our food security, our environment, and our communities. If we step back, the problem reveals an opportunity: Farming must be reimagined as a viable, purposeful career for people who may never have considered it before. Tomorrow’s farmers may not grow up on farms at …

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…

Space weather forecasters issued an alert on Tuesday for incoming severe solar storms that could produce colorful northern lights and temporarily disrupt communications. In the past few days, the sun has burped out several bursts of energy called coronal mass ejections that could reach Earth Tuesday night and early Wednesday. The potential severe geomagnetic storms could disrupt radio and GPS communications, according to forecasters with the National Oceanic and Atmospheric Administration. How bright the auroras are and how far south they are visible will depend on when the solar bursts get here and how they interact with Earth’s atmosphere. The vibrant displays could b…

Six hundred employees just packed up their desks and quit their jobs at Paramount Skydance. The mass exodus happened after the company, formed by Skydance Media’s takeover of Paramount Global, told employees that they were instating a five-day back-to-office mandate, set to begin on January 5. The company, led by new CEO David Ellison, let staffers know that if they didn’t plan to come back to the office, they could take a buyout deal starting on September 15. However, the media giant likely didn’t expect to be handing out quite so many severance packages. According to company disclosures filed on Monday, around 600 employees in the Los Angeles and New York …