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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…

Alaska Airlines said its operations have resumed Friday after it had to ground its planes for hours because of an information technology outage. The airline said in a statement that 229 flights were canceled because of the outage and that more flight disruptions were expected as it worked to “reposition aircraft and crews.” Alaska Airlines said it is working on getting travelers affected by the disruption to their destinations. It asked that passengers check their flight status before heading to the airport. The grounding Thursday affected Alaska Air and Horizon Air flights. Hawaiian Airlines, which was bought by Alaska Air Group last year, said its fl…

The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting has drawn new scrutiny of the booming business of professional sports gambling across the U.S. Since widespread legalization, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone. It’s just about impossible to go to a basketball, football, baseball or other pro game today — or watch a matchup on TV — without seeing ads for sports betting. Fans can place wagers from their stadium seats, whil…

Toy retail brand Toys “R” Us will open new flagship stores and seasonal holiday shops just in time for the holidays. The initiative is in partnership with specialty retailer Go Retail Group, the company said. The locations will feature products from popular brands such as Barbie, Hot Wheels, Nerf, Lego, and Paw Patrol. Some of the new stores have already opened their doors. According to the company, additional stores will open throughout the season. Here’s where you can shop Consumers will be able to do their holiday shopping at the following new Toys “R” Us locations: Flagship stores: Chicago Premium Outlets — Aurora, IL Camarillo Premium …

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Since mortgage rates spiked in 2022, many large homebuilders have tried to make homes more affordable by shrinking them, stripping them down, or pushing buyers farther out. Allan Merrill, CEO of Atlanta-based Beazer Homes—a publicly traded builder with a $710 million market capitalization and the 23rd-largest single-family homebuilder last year—believes that’s the wrong approach. “The way I think about it is, I don’t want to sell you a cheaper home,” Merrill told ResiClub last week. “I want to sell you a home that costs you less every month to live i…

Snack maker Mondelez is using a new generative AI tool to cut costs for the production of marketing content by 30% to 50%, a senior executive told Reuters. The packaged food manufacturer began developing the tool last year with IT firm Accenture and expects that it will be capable of making short TV ads that would be ready to air as soon as next year’s holiday season, and potentially for the 2027 Super Bowl, said Jon Halvorson, Mondelez’s global senior vice president of consumer experience. The Cadbury chocolate producer has invested more than $40 million in the tool, Halvorson said, adding that savings would grow if the tool is able to make more elaborate videos.…

You might have a tough time getting your hands on a pumpkin spice latte over the next few days. Starbucks Workers United, the union representing more than 12,000 workers across 650 stores nationwide, is planning to picket and stage rallies outside 60 locations of the coffee chain this weekend. Seventy rallies and pickets will take place from today through November 1, the union said. Today the union will begin voting on a work strike authorization, stemming from demands for new contracts that address better staffing hours, higher pay, and “resolution for hundreds of outstanding unfair labor practice charges,” according to the union. Starbucks has faced a …

This month, Southwest Airlines unveiled a new cabin design that’s already rolling out in new planes across its fleet. It includes slimmer seats, updated amenities, and lots and lots of blue. The new cabin was revealed on October 14, and there are currently six aircrafts in operation with the revamped design. For Southwest, this design is part of what it calls a larger “transformational plan.” So far, that plan has included nixing some of its most iconic brand features—like its “bags fly free” policy and flat cost open seating arrangement—in order to compete in an airline industry that’s increasingly reliant on charging ancillary, “premium” fees to drive up profits. …

Three different Coca-Cola sodas are being recalled by the U.S. Food and Drug Administration (FDA) as a result of the “potential presence of foreign material (metal) in the product.” Coca-Cola Southwest Beverages LLC ordered the voluntary recall for cans of Coca-Cola Zero Sugar, Coca-Cola, and Sprite on October 3—which the FDA subsequently announced earlier this week on October 20. “We can confirm all recalled product has been removed from the market,” a Coca-Cola Company spokesperson told Fast Company in an emailed statement. “[We] voluntarily recalled a very limited quantity of [the] 12oz cans (12-, 24-, and 35-packs) in the state of Texas. This action was taken …

It’s time to crown the champion of America’s pastime—even if a Canadian team earned its way into the battle. The first pitch of the 2025 World Series will be thrown out tonight: Friday, October 24. The Toronto Blue Jays will try to stop the Los Angeles Dodgers from becoming the first team since the 2000 Yankees to win consecutive championships. The Blue Jays will also try to prevent Shohei Ohtani from making any baseball history. Both feats are a tall order. Let’s take a look back at how the two teams got here and speculate on Ohtani’s potential firsts before we get into how to watch the World Series. The road to the World Series Ironically, the Blue …

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. Not everything creative needs a prompt. The Web is increasingly flooded with AI-generated images and videos, much of it aimed at kids. Sometimes it’s nice to break free of that synthetic media. As a dad of 10 and 12-year-old daughters, I appreciate resources for kids and families that celebrate human imagination, curiosity, and hands-on exploration. I had a fruitful recent conversation about resources for kids with a fellow dad, Kevin Maguire, who writes the great newsletter The New Fatherhood. If you’re a dad looking…

This week, news reports revealed that Meta would be cutting hundreds of jobs in its AI division. The layoffs will impact employees who work on AI products, research, and infrastructure. They come after Meta went on a hiring spree to shore up its AI efforts. But despite the job cuts, Meta’s chief AI officer told the Wall Street Journal that the company would, however, continue hiring “AI native” talent—a term that seems to have quietly slipped into the corporate lexicon amid the AI arms race. For the last decade, the term “digital native” has been circulating to describe Gen Z, as many of them don’t know life without the internet. The cohort following them, Generat…

The rules for collecting Social Security are changing in 2026. Two of the most important things to know if you’re collecting benefits: Your monthly check payments will increase, and if you’re planning on collecting benefits before retirement age and still plan to work, your checks could be reduced or even paused. For more on this, read on. The 2026 cost-of-living adjustment (COLA) will increase benefits Social Security benefits and Supplemental Security Income (SSI) payments for 75 million Americans will increase 2.8% in 2026, the Social Security Administration (SSA) announced on Friday. However, due to inflation and the skyrocketing cost of living, ma…

One of Hollywood’s crown jewels is on the block: WarnerBros. Discovery, the parent company of HBO, CNN, and major movie franchises like Harry Potter and the D.C. universe, officially confirmed this week that it is open to a sale. The company has already received multiple offers, but wouldn’t disclose any of the parties bidding for its assets; potential acquirers reportedly include Paramount Skydance, Netflix, Comcast, Amazon and Apple – a who’s who of the modern streaming landscape. The disclosure followed public overtures from Paramount, which reportedly was willing to pay as much as $24 per share, or around $60 billion total, for the publicly traded media company. W…

By noon on a recent Tuesday, my calendar had already decided what kind of manager I would be. Back-to-back 1:1 meetings until the end of the day. Nothing was on fire, yet nothing was moving either. That might be fine in a slow cycle. It is not fine when you are releasing new features in real time and your best engineer has three recruiters in her inbox. In this market, teams don’t just compete on comp alone. They compete on how much freedom they have to actually create and build. We ran a simple test at my company. We canceled the standing 1:1. We kept space for new hires and anything sensitive, like a performance review. Everything else moved to an as needed basis.…

Google Flights is one of the most popular flight aggregators on the web. The site lets users search millions of flights to find the best routes and prices that meet their needs. Unsurprisingly, millions of people use Google Flights to find the best deals on holiday tickets. And the search for cheap flights has also led to many nuggets of so-called conventional wisdom that, if followed, will supposedly help you find the cheapest fares. But with the holidays rapidly approaching and finding the best deals on flights at the top of mind for millions of Americans, I wanted to find out if these bits of conventional wisdom were actually true—particularly when it comes to Goog…

You don’t have to be an avid reader of restaurant industry trade publications—though I can attest that they are oddly fascinating—to realize that everything’s getting more expensive. The good news is that there’s an easy way to counteract those rising menu prices. By purchasing discounted gift cards, you can defray the cost of fast-food, fast-casual, and sit-down chains, and maybe even some other retailers that have nothing to do with stuffing your face. All you need is a place to find authentic, cheap gift cards and a little foresight on when to buy them. This tip originally appeared in the free Cool Tools newsletter from The Intelligence. Get the next issue …

Like many ambitious tech companies before it, OpenAI introduced itself to the culture at large with big claims about how its technology would improve the world—from boosting productivity to enabling scientific discovery. Even the caveats and warnings were de facto advertisements for the existential potential of artificial intelligence: We had to be careful with this stuff, or it might literally wipe out humanity. Fast-forward to the present day, and OpenAI is still driving culture-wide conversations, but its attention-grabbing offerings aren’t quite so lofty. Its Sora 2 video platform—which makes it easy to generate and share AI-derived fictions—was greeted as a TikTo…

The USDA’s Food Safety and Inspection Service (FSIS) has announced two separate large-scale food recalls due to the same reason: possible contamination with metal fragments. The first recall was for BBQ pork jerky and the second was for ready-to-eat frozen chicken products. Both notices were posted over the weekend. In total, a combined 7.1 million pounds of the products—which were distributed nationwide in both cases—are included in the recalls. Here’s what you need to know. 2.3 million pounds of BBQ pork jerky recalled According to a notice posted by FSIS on Friday, October 24, a company called LSI, Inc. of Alpena, South Dakota, is recalling approximatel…

Flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility, the Federal Aviation Administration said Sunday, when the agency also reported staffing-related delays in Chicago, Washington and Newark, New Jersey. The FAA issued a temporary ground stop at one of the world’s busiest airports soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed and canceled in the coming days as the nation’s air traffic controllers work without pay during the federal government shutdown. During an appearance on the Fox News program “Sunday Morning Fu…