It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious...Politicsread more
Boeing reached a deal with British Airways to provide parts for some of its plane's made by rival manufacturer Airbus, part of Boeing's push to grow its services business.Airlinesread more
Meal kits usually deliver dinner to your door — but the food inside the box may be more work than you have time for.
If you'd rather "heat and eat" than learn how to cook, an entrepreneur has created a simpler option. Gobble, a meal preparation service that's part of the growing category of food kits, promises to "make cooking easy for busy families," founder and CEO Ooshma Garg told CNBC's "On the Money" in a recent interview.
A Gobble box arrives from one of the company's seven warehouses, and contains pre-cut, fresh ingredients that can be combined and cooked quickly.
"We have an army of sous chefs around the country that are preparing sauces, spice mixes, and chopping vegetables so that you can make dinner in 15 minutes and one pan," Garg said.
With Gobble, like other meal kit providers, you go to a website and select what meals you want, and how frequently they'll be delivered.
"We allow you to order as much of any meal as you want and we allow a minimum of two nights," Garg explained.
"Most busy families are home and they need, they want, a home-cooked fresh meal for at least two nights a week," she added. "We (also) have people who are ordering seven nights a week. And that flexibility is important for busy folks. "
Gobble joins a list of companies like Hello Fresh and Blue Apron that are looking to bridge the gap between convenience and healthy eating. As a category, U.S. meal kit sales are worth $5 billion, and grew by 40.7 percent last year, according to data from Earnest Research.
Garg said she got the idea for Gobble in 2010 when she was a student entrepreneur at Stanford University, studying biomechanical engineering. At the time, she neglected her own diet and health.
"I was working on my first internet startup company…working 24/7 and relying basically on takeout," she said.
"My dad visited and actually brought a suitcase of his home-cooked northern Indian food and he stayed with me and basically healed me with his home-cooked food," Garg said. "And I realized it wasn't just food as nutrition but actually in my life, food is family."
About half of Gobble's customers are between 35 and 44 years old. She told CNBC the food shopping, prep and cooking time saved allows busy, often dual-career families to spend more time together.
Gobble costs $12 a plate, each kit contains two servings for $24—but Garg insisted they don't scrimp on portion size.
"Our executive chef is a family man and these are large, generous portions," she said, adding that a $24 box is capable of feeding "a family of 3 or 4."
In the competitive meal kit market, Gobble announced a partnership with Walmart in August, becoming the latest meal kit company to expand its reach by getting real estate in brick-and-mortar stores.
"Partnering with the largest retailer in the world has leapfrogged Gobble and our innovative one-of-a-kind product to a next level," Garg told CNBC. She believes the current boxed meal delivery model is only the beginning for an industry that will continue to evolve.
"This is the tip of the iceberg…We can automate your meals based on your tastes," she said. "It will become the highest personalization for the consumer, with the best cost and the most reasonable price point."
On the Money airs on CNBC Saturday at 5:30 am ET, or check listings for air times in local markets.