Restaurant brands are hoping hot new menu items will drive visits among younger costumers. Hot, in this case, is literal. Spicy items like chicken sandwiches, seasoned sides and sauces are cropping up more often on menus at major fast-casual and quick-service chains. The idea is to introduce easy-to-execute and buzzy options that can capture the attentions of Gen Z and Gen Alpha diners, even if it's only a flash in the pan. One of those companies was Chipotle, which in June introduced Adobo Ranch, its first new dip in five years, as a limited-time offer.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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It's far from finished but the new, $9.5 billion Terminal 1 at John F. Kennedy International Airport is taking shape. Its first phase is slated to open in mid-2026. It will replace the current terminal, which opened in 1998. The terminal, which will be JFK's largest, is now weathertight. Winding baggage conveyor belt structures have been installed, and you can make out future ticket counters, where customers flying carriers like Turkish Airlines, Air New Zealand, Etihad Airways, Air China, Taiwan's China Airlines and others will set down their luggage and show their passports to ticket agents.
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Goldman Sachs and Bank of New York Mellon announced that they’ve created the ability for institutional investors to purchase tokenized money market funds. Clients of BNY, the world’s largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform, according to executives of the two firms. Read more: cnb.cx/4lFLB9L
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In 2020, Colby Grey was a freshman at the University of California, Santa Cruz when the Covid-19 pandemic halted his college experience. By his second semester, Grey was forced to move home, and it was during this time back in San Luis Obispo, California, that he started thinking about studying abroad. Grey considered master’s programs at Cambridge University, the University of Oxford, and the University of Edinburgh in Scotland, but he couldn’t justify the cost. That led him to Leuven, Belgium. Leuven is home to the KU Leuven university, which offers a program for degree-seeking students called a search permit. This permit allows students or researchers to stay for a year and work unrestricted, provided they obtain a master’s degree from a university in the country. It’s a one-year program, and the tuition cost is about 3,800 euros a year — or $4,481 USD. Read more: cnb.cx/3GpGVWe
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CNBC's Jim Cramer walked investors through another week of earnings season, honing in on reports from Palantir, Berkshire Hathaway, Disney and Eli Lilly. "We're still in earnings Hades, but at least it's getting a little cooler out there," he said. "That's right, we've now gotten over the hump of the big-time growth stocks, the hyperscalers, but there's plenty left." On Saturday, Cramer will be paying attention to earnings from Berkshire Hathaway, and he suggested things might be a little different with Greg Abel at the helm. If the report is good, Cramer said he bets the stock goes higher. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.
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Big Tech is throwing record sums at AI as the hyperscaler wars heat up. CNBC's MacKenzie Sigalos reports on the latest from Amazon, Microsoft and more.