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☆ DoorDash will start tracking delivery workers' sudden stops and accelerations
▼ + stars: | 2023-11-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

A new feature on the DoorDash app tracks how often its workers break or accelerate suddenly. The information will be available to dashers through "Driving Insights," the company said Friday. DoorDash said the feature uses the same location data from workers' phones that it already uses for features like navigation. DoorDash has been testing Driving Insights since July in Phoenix and Salt Lake City. AdvertisementAdvertisementThe features are meant to improve safety for DoorDash workers, Austin Haugen, Vice President of Dasher Product, said in the company's statement announcing the feature changes.

Persons: It's, —, DoorDash, Dashers, Austin Haugen, Haugen, haven't Organizations: Service, Amazon, Apple Locations: Phoenix, Salt Lake City, Atlanta , Houston, Dallas, Detroit, Cleveland, Miami, Charlotte, Palm Beach

☆ DoorDash shares jump 16% on guidance, narrowing net loss
▼ + stars: | 2023-11-02 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

DoorDash shares jumped over 16% Thursday, a day after the company beat Wall Street's top- and bottom-line expectations. The company reported $2.2 billion in revenue, ahead of the $2.1 billion analysts were expecting, according to LSEG, formerly known as Refinitiv. It posted a loss per share of 19 cents, beating the consensus expectation of a loss per share of 40 cents. DoorDash reported a net loss of $73 million, an improvement from the $295 million net loss, or a loss of 77 cents per share, it reported in the year-ago quarter. DoorDash also reported 543 million total orders, up 24% year over year from 439 million orders, though that's down from the 27% growth in the year-ago quarter.

Persons: Tony Xu, DoorDash, Wall, Xu, haven't Organizations: DoorDash Inc, Street, Tech, JPMorgan, U.S ., CNBC PRO Locations: Laguna Beach , California, U.S

☆ Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more
▼ + stars: | 2023-11-02 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company reported third-quarter earnings of 24 cents per share, excluding items, on revenue $1.71 billion. Analysts polled by FactSet expected earnings of 15 cents per share on revenue of $1.67 billion. Qualcomm — Shares of the wireless tech company gained 5.6% after Qualcomm surpassed analysts' revenue and earnings estimates in its fiscal fourth quarter. Analysts had been expecting a loss of 40 cents per share on $2.09 billion revenue, according to LSEG.

Persons: SolarEdge, Shopify, FactSet, DoorDash, LSEG, Lyft, Airbnb's, Moderna, CNBC's Hakyung Kim, Jesse Pound, Michelle Fox Theobald Organizations: Starbucks, Truist, BMO Capital Markets, Guggenheim, Qualcomm —, Qualcomm, Wall Street, —, Moderna — Locations: New York

☆ One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
▼ + stars: | 2023-11-02 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

Current CEO Stuart Sopp finds almost half of the firm's payment customers have more than one job. "If you're having a paycheck over the past year, 20, 25% of paycheck depositors have at least one extra job. From DoorDash to Shopify to side businesses, Sopp finds the number is higher than prior years because money doesn't go as far. Sopp launched Current, which provides mobile banking without monthly fees and offers secured credit cards, in 2015. "They're being forced into risks like risky credit cards," noted Sopp, a former Morgan Stanley trader.

Persons: Stuart Sopp, Sopp, CNBC's, doesn't, He's, They're, Morgan Stanley Organizations: Federal Reserve Bank of New Locations: Shopify, America, Federal Reserve Bank of New York

☆ No Tip for Your Delivery Driver? Then Be Prepared to Wait, DoorDash Says.
▼ + stars: | 2023-11-02 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

The pressure on customers to add a tip, which DoorDash addressed in a statement on Wednesday, was the company’s latest effort to make changes to its app amid concerns about the rights of gig workers and fair pay for delivery people. In June, DoorDash announced it would give delivery drivers the option to be paid an hourly minimum wage, which would vary by region, instead of earning money for each delivery. DoorDash started its tip pilot earlier this year in some cities in the United States and Canada, and might expand it nationwide, the company said. She said that Dashers, the nickname for the independent gig workers who pick up and deliver food and other goods for DoorDash, keep the tips that they make. It is now appearing for randomly chosen users in several cities in the United States and Canada, DoorDash said.

Persons: DoorDash, “, ” Jenn Rosenberg, Dashers, Tipping Locations: United States, Canada

☆ Three-Stock Lunch: Eli Lilly, DoorDash and Target
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Eli Lilly, DoorDash and TargetEva Ados, ERShares CIO, joins 'Power Lunch' to discuss three stocks: Eli Lilly, DoorDash and Target.

Persons: Eli Lilly, DoorDash, Eva Ados Organizations: ERShares

☆ BlackRock is jumping into one of the hottest sectors on Wall Street
▼ + stars: | 2023-11-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at a Wall Street giant jumping into one of the hottest sectors in finance. Similarly, a Google Brain cofounder said Big Tech companies are lying about AI risks to shut down competition. It's the latest example of how Big Tech can wreak havoc on smaller players overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Julia Nikhinson, Arantza Pena Popo, BlackRock, Larry Fink, Insider's Rebecca Ungarino, Rebecca, It's, Blackstone, BlackRock's Larry Fink, Spencer Platt, Aaron Schwartz, that's, Charlie Munger isn't, Warren Buffett's, it's, Tyler Le, Ksenia Yudina, Gen Z's, Gen, Vegas Wendy Lee, Wendy Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Street, KKR, Getty, Greenwich Economic, Xinhua, Federal Reserve, Big Tech, Market, Sin City Locations: Greenwich, Vegas, Las Vegas, Sin, New York City, San Diego, London, New York

☆ DoorDash is testing warnings about bad service if you don’t tip your driver
▼ + stars: | 2023-11-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Thinking of skimping on a DoorDash tip? The message is just a test, DoorDash spokesperson Jenn Rosenberg told CNN in an email. DoorDash, along with other third-party delivery providers, has opposed efforts to create a minimum wage for delivery drivers. Federally, the tipped minimum wage is just $2.13 per hour (some states have higher minimums). Employers are required to make up the difference if tips don’t bring workers up to the federal minimum wage.

Persons: Jenn Rosenberg, we’re, ”, ” Rosenberg Organizations: New, New York CNN, DoorDash, CNN, Employers Locations: New York

☆ S&P 500 futures tick higher as attention turns from Fed to latest earnings reports: Live updates
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched higher Wednesday night as investors shifted focus from the Federal Reserve's policy decision to the latest batch of corporate earnings reports. S&P 500 futures and Nasdaq 100 futures each rose around 0.2%. DoorDash climbed more than 7% on earnings that surpassed Wall Street forecasts, while Etsy fell 5% after management warned of a challenging environment for consumer discretionary spending. The moves follow a winning session on Wall Street that also marked the start of a new trading month. The Dow climbed more than 200 points on Wednesday, while the S&P 500 and Nasdaq Composite each ended up more than 1%.

Persons: SolarEdge, DoorDash, Etsy, Dow, Jerome Powell, Powell, Chris Zaccarelli, payrolls, Eli Lilly Organizations: Federal, Nasdaq, Dow Jones, Independent, Alliance, Fox, Apple, Paramount

☆ DoorDash earnings show the consumer is still spending on discretionary items: BD8's Barbara Doran
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoorDash earnings show the consumer is still spending on discretionary items: BD8's Barbara DoranDavid Zervos, Jefferies chief market strategist and Barbara Doran, BD8 Capital Partners CIO, join 'Closing Bell Overtime' to talk today's Federal Reserve decision, the day's market action, the latest batch of earnings and more.

Persons: Barbara Doran David Zervos, Barbara Doran Organizations: Jefferies, BD8 Capital

DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently. The San Francisco delivery company said its total orders grew 24% to 543 million in the July-September period compared to the same period a year earlier. That was well above the 521 million orders Wall Street had forecast, according to analysts polled by FactSet. Political Cartoons View All 1230 ImagesThe company said its net loss narrowed to $73 million from $295 million in the third quarter a year ago. The loss, of 19 cents per share, was also better than the 40-cent loss Wall Street anticipated.

Persons: DoorDash, Wall Organizations: FactSet, U.S, Wolt Enterprises Locations: San Francisco, Germany, Sweden, Israel

DoorDash had in August projected adjusted EBITDA of between $750 million and $1.05 billion. The company expects fourth-quarter adjusted EBITDA, a key measure of profitability, of between $320 million and $380 million, compared with analysts' estimates of $253.3 million. In the third quarter, total orders rose 24% to 543 million from a year earlier. Revenue rose 27% to $2.16 billion, compared with analysts' expectations of $2.09 billion, according to LSEG data. Net loss narrowed to $73 million, or 19 cents per share, in the third quarter, compared with $295 million, or 77 cents per share, a year earlier.

Persons: Dado Ruvic, Ravi Inukonda, DoorDash, Rachel Wolff, Granth, Anil D'Silva Organizations: REUTERS, ALDI, Reuters, Revenue, Thomson Locations: Japan, U.S, Bengaluru

☆ DoorDash warns customers who don't tip: your order could be slower
▼ + stars: | 2023-11-01 | by ( Grace Dean | Alex Bitter | ) www.businessinsider.com time to read: +4 min

DoorDash is reminding customers their orders may be quicker if they leave a tip for their driver. It's the latest attempt by DoorDash to encourage customers to tip more. In June, DoorDash starting sending tip "nudges" to customers, reminding them that they can increase tips for 30 days after a delivery. "In some cases, customers place orders through merchants directly and are not given the option to provide a tip on an order," DoorDash notes on its website. "This does not mean the customer chose not to leave a tip – it means they were not given the opportunity to leave a tip when they placed their order."

Persons: DoorDash, —, Jenn Rosenberg, " Rosenberg Organizations: Service, Wall Street

☆ Stocks making the biggest moves after hours: SolarEdge, Qualcomm, Etsy, Clorox and more
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter's revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain of 89 cents per share. The company guided revenue for the current quarter to between $300 million and $350 million, well under the $688 million anticipated by analysts. Qualcomm surpassed analysts' estimates in its fiscal fourth quarter, reporting adjusted earnings of $2.02 per share on revenue of $8.67 billion. Etsy beat analysts' estimates for earnings in the third quarter but fell short of Wall Street's expectations on revenue.

Persons: SolarEdge, LSEG, Josh Silverman, Etsy, Roku, Roku's, DoorDash, Clorox, Sarepta, FactSet, Darla Mercado, Sarah Min, Jesse Pound, Scott Schnipper Organizations: LSEG, Revenue, Qualcomm —, Qualcomm, Electronic Arts, Arts, Wall Street, Tandem Diabetes Care, Ritz, Therapeutics Locations: FactSet

☆ DoorDash CEO Tony Xu: Our advertising business has grown very quickly
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoorDash CEO Tony Xu: Our advertising business has grown very quicklyTony Xu, DoorDash CEO, joins 'Closing Bell Overtime' to talk consumer behavior trends, the impact of inflation on the app and more.

Persons: Tony Xu

☆ Don’t Want to Tip Your Delivery Driver? Be Prepared to Wait, DoorDash Warns
▼ + stars: | 2023-10-31 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/hospitality/dont-want-to-tip-your-delivery-driver-be-prepared-to-wait-doordash-warns-f55fab3b

Persons: Dow Jones

☆ Walmart Spark delivery drivers are sick of customers asking them to bring deliveries into their homes
▼ + stars: | 2023-10-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Walmart Spark drivers often get requests from customers to drop groceries off in their kitchens. Walmart's InHome delivery service, which is staffed by full-time employees, offers kitchen drop-offs. AdvertisementAdvertisementEarlier this year, a Spark delivery driver in Nevada pulled up to a house with a few bags of groceries for delivery. Customers are likely confusing the delivery for another service Walmart offers, InHome Delivery. Spark drivers, by contrast, are gig workers paid per order or batch of orders, and they aren't allowed to go into shoppers' homes.

Persons: —, she's, InHome, Doug McMillon Organizations: Walmart, Service, Workers Locations: Nevada, Miami, Dallas, San Francisco, Texas

☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

☆ A Tesla owner built a bed and make-shift kitchen for his Model X and lived in his electric car for a year, traveling to 49 states
▼ + stars: | 2023-10-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

A Tesla owner said he lived out of his electric car for about a year. The YouTuber, Sandro van Kuijck, built a makeshift kitchen and recently took his Model X to Alaska. The Tesla owner said he quickly learned how to find free charging stations using PlugShare, a navigation app for charging stations. A Tesla owner built a makeshift kitchen for his EV. Courtesy of Sandro van Kuijck"I'll cook my meals in the morning and eat it throughout the day," van Kuijck said.

Persons: Sandro van Kuijck, Van Kuijck, he's, —, Kuijck, YouTuber, van Kuijck, He's, I'm, Tesla Organizations: Service, Tesla, DoorDash, Amazon Locations: Alaska, Texas, Yukon

☆ Jobs and earnings are major themes next week as we consider more portfolio moves
▼ + stars: | 2023-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.

Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S

☆ Americans are so anxious about going electric that they're willing to pay up for hybrids
▼ + stars: | 2023-10-28 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWhile car companies try desperately to gin up demand for their latest electric models, consumers are begging for a compromise: hybrids. In the auto industry, the same logic applies to hybrids, which can provide a more convenient bridge to full EV adoption. Hybrid revolutionThis need for hybrids isn't new. Ford said this week it would postpone $12 billion in new EV investment as the company assesses demand going forward.

Persons: isn't, —, –, they're, Chris Harto, Harto, Akio Toyoda, Cameron Johnson, Ford, Martin French Organizations: Industry, Service, Consumer, EVs, Auto, Consumer Reports, Toyota, Dealers, Magic City Auto Group, Honda Locations: Edmunds, Virginia

☆ After ordering staff back to the office, Elon Musk didn't turn up for X's first all-hands meeting
▼ + stars: | 2023-10-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

X held its first all-hands meeting on Thursday, marking a year since Elon Musk took over. AdvertisementAdvertisementThe company formerly known as Twitter held its first all-hands meeting on Thursday, but neither Elon Musk nor CEO Linda Yaccarino was at the X headquarters, Fortune reported. Friday is one year since Musk concluded his $44 billion purchase of Twitter, and the inaugural all-hands was arranged to mark the anniversary. In a 2:30 a.m. email, he told staff to return to the office for at least 40 hours a week. In a post on X, Musk said that the company's future all-hands meetings will be livestreamed on the platform.

Persons: Elon Musk, Linda Yaccarino, —, Fortune, Musk, Yaccarino, didn't Organizations: Elon, Service, Twitter, San Locations: San Francisco, New York, Austin , Texas, Mendocino, Mendocino Farms

☆ Diners love the control tipping gives them over servers
▼ + stars: | 2023-10-25 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

About 62% of diners say the amount their expected tip "has become too expensive." Yet, diners say they love the "control" tipping gives them. But according to a new survey, consumers love the power that comes with tipping. "Diners report negative feelings about tipping as an idea, but they enjoy the control it gives them. AdvertisementAdvertisement"As tipflation sweeps the US, two-thirds of American diners say too many places are asking for tips these days," the survey reported.

Persons: —, BentoBox Organizations: Service, & ' $

☆ Billionaire VC Vinod Khosla was one of the first investors in OpenAI. Now he thinks most AI startups have become way overvalued.
▼ + stars: | 2023-10-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +5 min

Instead of AI, Khosla says he is "making lots of fundamental investments in esoteric areas." Funding for AI companies climbed 27% globally in the third quarter compared to the year before even as overall deals for startups fell 31%, according to PitchBook data compiled for Bloomberg. (seeking a valuation of more than $5 billion), Hugging Face ($4.5 billion valuation) or Adept (reported $1 billion valuation). The firm invested earlier this year in Replit, a generative AI tool for software development, at a $1.16 billion post-money valuation. There is also OpenAI itself, which arguably has benefited as much as any startup from the AI hype.

Persons: OpenAI, Vinod Khosla, Khosla, Kleiner Perkins Caufield, Byers, Kleiner Perkins, – Khosla Organizations: Khosla Ventures, Sun Microsystems, AMD, Juniper Networks, Forbes, Street, Tech, Bloomberg, Anthropic Locations: Silicon Valley, Laguna Beach, Replit

A spokesperson from the United Food and Commercial Workers International Union told CNN that they support the organizers planning a walkout and protests. “We support all health care workers who are organizing and taking a stance to improve staffing.”A Walgreens pharmacy store in Austin, TX. In a statement to CNN, Walgreens said about 20 stores out of about 9,000 had “disruptions over three days,” Oct. 9-11. Walgreens walkout organizers told CNN that their tally is much higher, with about 600 employees participating. The following three Walgreens employees told CNN their reasons for walking out.

Persons: Shane Jerominski, Renée Saldaña, Mohammad Khursheed, Tim Wentworth, Wentworth, ” Fraser Engerman, Engerman, “, ” ‘ We’ve, ”, “ We’ve Organizations: New, New York CNN, Walgreens, Workers, CNN, United Food, Commercial Workers International Union, SEIU, United Healthcare Workers, West Health, Reuters Organizers, “ Locations: New York, West, Austin , TX, Friday’s, Oregon, Wisconsin, Oklahoma

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