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☆ A bartender is going viral on TikTok for saying he'd snub a customer for a regular patron who 'tips 50% every time'
▼ + stars: | 2023-08-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

TikToker Roman Sparkles said he would snub a customer for a 50% tipping regular, in a now-viral video. This video rides a wave of TikTok videos highlighting tipping culture frustrations. says an off-screen customer in Sparkles' video — which appears to be a skit — as the bartender ignores him to take the big tipper's order. Majority of the over 1,000 comments on Sparkles' video endorsed his viewpoint. And it's not just bars and ice cream joints that are subject to tipping frustration.

Persons: Sparkles, TikToker Jason Regan, — Organizations: Idc, Service, Forbes, Wall Street Locations: Wall, Silicon, Michigan

☆ Viking Global slashes Amazon and insurance positions, adds to bets in biotech
▼ + stars: | 2023-08-15 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Ole Andreas Halvorsen's Viking Global hedge fund slashed its holding in Amazon in the second quarter and stepped up bets in biotech, according to the latest 13F filing with the U.S. Securities and Exchange Commission . The so-called Tiger Cub's entirely new positions included a $78 million stake in Alibaba , $6.5 million in C3.ai and $132 million worth of chipmaker Nvidia . Viking Global also cut investments in the CSX railroad nearly 42%. Elsewhere, Viking Global purchased $278 million worth of Netflix stock in the second quarter and opened a $159 million position in shipping giant UPS . Viking Global managed about $24 billion in 13F securities at the end of the second quarter, according to WhaleWisdom.com .

Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, Jack Dorsey's Block, Phillip Morris, Philip Morris Organizations: Ole Andreas Halvorsen's Viking Global, U.S . Securities, Exchange Commission, Viking Global, Tiger Management, Nvidia, Viking, CSX, TJX, Meta, Netflix, UPS, Chubb Limited, Tenet Healthcare, General Electric, UnitedHealth Group, Constellation Energy, GE Locations: Ole Andreas Halvorsen's Viking, Alibaba, Viking, Progressive

☆ Californians are fleeing to Texas, where homes and the cost of living are cheaper
▼ + stars: | 2023-08-14 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Many Californians have relocated to Texas, as higher housing costs drive them out of the state. In 2021, almost 108,000, people migrated from California to Texas, according to an analysis of the most recent Census data. The saying is that everything is "bigger" in Texas but, for Californians, is it also cheaper? And in June, Redfin found its median home sale price to be $362,000, compared with the US median sale price of $425,177 as of June. In 2022, he and his wife, Erika Dominguez, moved to Dallas, after struggling to afford rent in California, USA Today reported.

Persons: Rogelio Saenz, Saenz, Redfin, Ryan Petersen, Erika Dominguez, Petersen, Peterson, Petterson, Alcynna Lloyd Organizations: Census, Service, Lone Star, University of Texas, USA Today, USA, Instacart, alloyd Locations: Texas, California, Wall, Silicon, San Antonio, Orange County, Dallas, USA

☆ Tipping 'nudges' are now popping up on DoorDash. If you don't leave a gratuity, you'll hear about it.
▼ + stars: | 2023-08-13 | by ( Nancy Luna | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Some delivery workers have tried to increase their gratuity by asking DoorDash customers for higher tips mid-delivery. As a result, the average food delivery tip has increased by 20% from 2020 to 2022, Uber Eats told Insider. With tips and base pay, DoorDash said on average, Dashers make $25 per hour on active deliveries. Many gig delivery workers make below minimum wage and say their earnings have fallen since the height of the pandemicA 2020 study found many gig delivery workers are struggling to make minimum wage. The survey of gig workers from the Economic Policy Institute found that about 14% of gig workers made less than the federal minimum wage, and 29% earned less than their state's minimum wage.

Persons: DoorDash, Austin Haugen, Shroff, Heather Taylor, Dashers, DoorDash's, Instacart, Uber, Carsten Koall, Sergio Avedian, Guy Organizations: Service, Starbucks, Consumers, Base, Economic Policy Institute Locations: Wall, Silicon, Corpus Christi , Texas, Los Angeles

☆ Three ways Covid changed the restaurant industry
▼ + stars: | 2023-08-13 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

Now, over three years later, the restaurant industry is back. In the early days of the pandemic, people got used to eating their restaurant food at home. Too many jobs, too few workersEarly in the pandemic, many restaurant workers got laid off. Now, over three years since the pandemic hit the US, some restaurant jobs remain unfilled. But many of these have at the same time vehemently opposed proposed legislation that could raise the minimum wage for fast food workers.

Persons: Anderson Cooper, Bobby Flay, Esther Choi’s, we’re, ” Choi, Mŏkbar, ”, Choi, Esther Choi, Masaharu Morimoto, Roy Rochlin, Joe Pawlak, Carbone, Covid, Chris Kempczinski, Taco, Spencer Platt, “, Uber, Doordash, Bonnie Morales, Leah Nash, Israel Morales, Flay, ” Donna, ” Pawlak Organizations: CNN, New, New York CNN, National Arts Club, Getty, National Restaurant Association, Washington Post, Bonnie Locations: New York, Manhattan, New York City, Israel, Kachka, Portland , Oregon, Portland

☆ An Uber Eats rider and YouTuber says he's stopped picking up from McDonald's as it treats delivery staff badly and its drinks keep spilling
▼ + stars: | 2023-08-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

An Uber Eats rider has built a YouTube following of over 138,000 subscribers by videoing his work. But of the many restaurants and chains that Uber Eats works with, Pritchett said there was one that he avoided — McDonald's. McDonald's was briefly Uber Eats' prized possession, with the companies enjoying an exclusive contract in the UK until the fast food giant struck up a partnership with Just Eat in 2020. One of Pritchett's most popular YouTube videos, posted in February, shows him working a 24-hour shift . Are you an Uber Eats driver with a story?

Persons: Uber, Bryce Pritchett, Pritchett, YouTuber, videoing, —, TikTok . Pritchett, " Pritchett, McDonald's, Dara Khosrowshahi, wasn't, I'm Organizations: Service, YouTube, Pritchett, TikTok, Oxford Locations: Wall, Silicon, London, Soho, South Kensington, Philadelphia

☆ New DoorDash customers are turning to the app for grocery deliveries and flowers, not just restaurant meals
▼ + stars: | 2023-08-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

DoorDash is seeing a surge in non-restaurant orders from new customers, including grocery and flower deliveries. The delivery company has 100,000 retail stores on its app, surpassing Instacart's 80,000 merchants. The company said more new customers are turning to the app for non-restaurant orders as DoorDash has grown its retail selection to more than 100,000 stores. In July, online grocery sales dropped 7% to $7.2 billion compared to July 2022 , according to the latest monthly Brick Meets Click/Mercatus Grocery Shopping Survey. Driving the downturn was delivery sales, which decreased 13.3% to $2.6 billion , according to the July survey released August 9.

Persons: Tony Xu, DoorDash, Xu, Grubhub, Uber, It's, Petco, Staples, Brittain Ladd, Instacart, confidentially Organizations: Service, Albertsons, Aldi, Target, Walgreens, Dollar Locations: Wall, Silicon, Stanford, PetSmart, North America

☆ SoftBank seen returning to profit as tech stocks gain
▼ + stars: | 2023-08-07 | by ( Anton Bridge | ) www.reuters.com time to read: +3 min

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. SoftBank is set to post net profit of 75 billion yen ($525 million) for April-June, showed the average of four analyst estimates compiled by Refinitiv. "Public valuations in tech are trending up again and I would expect private valuations to follow suit," said Bulk. Recent activity by SoftBank includes its creation of a joint venture to build automated warehouses and investment in insurance tech company Tractable. "SoftBank mandated Arm to reinvest all of its profit to enter new markets," New Street Research's Bulk said.

Persons: Issei Kato TOKYO, Masayoshi Son, Rolf Bulk, Refinitiv, Macquarie, Paul Golding, Anton Bridge, Sam Nussey, Christopher Cushing Organizations: SoftBank, REUTERS, Vision Fund, Alibaba, HK, New, Research, Vision, Analysts, Nvidia, Thomson Locations: Tokyo, Japan

☆ MrBeast sabotaged his own burger brand, his restaurant partner claims in a new lawsuit. The YouTube star recently sued the ghost kitchen operator, accusing it of making 'terrible quality' food.
▼ + stars: | 2023-08-07 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Last week, YouTube star MrBeast sued the restaurant firm behind his namesake burger brand. YouTube star Jimmy Donaldson used his fame to "torpedo" the burger brand, the VDC suit says. The lawsuit comes a week after Beast Investments sued Virtual Dining Concepts alleging that VDC had ignored the MrBeast Burger Brand. MrBeast Burger debuted in 2020 and is sold in hundreds of restaurants seeking to use excess kitchen space to earn additional revenue. The reality is that the overwhelming majority of customers were highly satisfied, and the product was excellent," the VDC suit said.

Persons: MrBeast, Jimmy Donaldson, Donaldson, Burger, MrBeast Burger, Donaldson's, Travis Kalanick's CloudKitchens, Dorothy Calba Organizations: Concepts, YouTube, Service, Beast Investments, Dining, Twitter, Burger, Kitchen United, Euromonitor Locations: Wall, Silicon, New York, MrBeast, Florida, Washington

You can earn up to 200,000 Marriott points, but to unlock the most points you'll need to stay six nights at Marriott Bonvoy properties. Marriott Credit Card Offers: Earn up to 200,000 PointsTwo of these cards (the Marriott Bonvoy Brilliant® American Express® Card and Marriott Bonvoy Bevy™ American Express® Card) are from American Express, and two (the Marriott Bonvoy Boundless Card and Marriott Bonvoy Bold® Credit Card) are issued by Chase. Details Rewards Earn 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. 1K Bonus Points Per Stay: Earn 1,000 Marriott Bonvoy® bonus points per paid eligible stay booked directly with Marriott for properties participating in Marriott Bonvoy.

Persons: Marriott, we've, We're, Chase, Regis, it's, you'll, You'll, you'd, Cardholders Organizations: Marriott, Orlando . Marriott, Service, American Express, American Express Marriott, Chase Marriott, Villas, Marriott Bonvoy, Marriott Vacation, Residence, Vacation, Westin Vacation, The Ritz, Carlton Club, Regis Residence Club, Express, Ritz, Carlton, TSA, Global, TSA PreCheck, New Hampshire Insurance Company, AIG Company, Reading Chevron, Chevron, Business, Cardholders, Chase, Sapphire, United Airlines, Hyatt, American Locations: Grande Lakes, Orlando, Marriott, Wall, Silicon, Marriott Bonvoy, St, Regis, U.S, Chevron, airfare

☆ She says a Doordash driver tried to rape and kill her. The company says it's not their problem.
▼ + stars: | 2023-08-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

They were cut open pretty bad," Chloe told Insider in an interview. An attorney for Young didn't respond to requests for comment, but court records show he pleaded not guilty to the new set of charges. Chloe is accusing Doordash of negligence, alleging the delivery company failed to conduct an adequate background check on Young. According to Kendall Shortway, a lawyer representing Chloe, Doordash outsources many background checks to another tech company, Checkr. "Between the two of them, somebody dropped the ball," Shortway, an attorney at the law firm Morgan & Morgan, told Insider.

Persons: Doordash, it's, Chloe, McDonald's, Larenzo Young, Young, — Young, Chloe's, Young didn't, Kendall Shortway, Shortway, Morgan, Checkr, Uber, Lyft, Neighbors, weren't Organizations: Police, Morning, Doordash, Companies Locations: Doordash, Coffee County , Georgia, She's

☆ What the Street missed in earnings at Apple and Amazon — and where shares go next
▼ + stars: | 2023-08-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

In one quarter — one off-cycle quarter that didn't feature a no new iPhone — Apple (AAPL) delivered a whopping $81.8 billion in sales. I came up with "own it, don't trade it" for Apple because there have been so many quarters like this one. The people who sold Apple shares on Friday no doubt sold it on their Apple devices. I would be more worried if Apple's customer satisfaction went down than I am that iPhone sales lagged. Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.

Persons: Tim Cook, Luca Maestri, Tim, Jensen, da, Huang, Andy Jassy, Roku, Jassy, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, ESPN, Amazon, Web Services, Nvidia, Services, Walmart, Oracle, Amazon Web, Google, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: Indonesia, India, Philippines, Mexico, Turkey, Texas, New Jersey, Cupertino , California

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ Instacart shoppers say the highest-earning orders are getting more extreme, with demands like 72-mile drives
▼ + stars: | 2023-08-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Shoppers say the highest-earning orders on the app are increasingly not worth the pay. "After an hour-and-a-half drive, that ice cream would've been milk," the shopper told Insider. Instacart told Insider on Monday that shoppers have control over which batches they choose to shop, and that it pays according to the complexity of each order. In the past, high-paying orders have been one way for Instacart shoppers to maximize their earnings. Are you an Instacart shopper with a story idea to share?

Persons: —, Instacart, Daniel Danker Organizations: Shoppers, Service, Costco, Food Lion, Kroger, IRS Locations: Wall, Silicon, Virginia, Georgia, St, Louis , Missouri, Illinois, Iowa, Utah

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Fitch's action hit the appetite for risky assets on Wednesday, dragging Wall Street sharply lower as investors took the opportunity to book profits on five months of gains. Earnings are also in focus as Apple and Amazon.com (AMZN.O) are due to report quarterly results after market close. Qualcomm (QCOM.O) tumbled 8.4% in trading before the bell as the San Diego, California-based company's fourth-quarter sales forecast fell below market expectations. Meanwhile, Moderna(MRNA.O) gained 3.3% as the company raised its annual forecast for COVID-19 vaccine sales to up to $8 billion.

Persons: Brendan McDermid, Karen Reichgott Fishman, Goldman Sachs, Thomas Barkin, Peers, Shubham Batra, Bansari, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, Moderna, PayPal, Qualcomm, Dow, Nasdaq, Apple, Microsoft, Richmond Federal, Dow e, Peers Nvidia, Intel, PayPal Holdings, Thomson Locations: New York City, U.S, San Diego , California, Bengaluru

☆ Stocks making the biggest moves midday: Southwest Airlines, Qualcomm, Roku, Clorox and more
▼ + stars: | 2023-08-03 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Qualcomm posted adjusted revenue of $8.44 billion, falling short of analysts' estimates of $8.5 billion, per Refinitiv. DoorDash also reported revenue of $2.13 billion in the second quarter, beating analysts' estimate of $2.06 billion, per Refinitiv. On Wednesday, the company reported earnings of 25 cents a share for the second quarter, while analysts forecast a loss of 13 cents a share, per Refinitiv. Expedia posted $3.36 billion in revenue, falling short of the $3.37 billion analysts expected, according to Refinitiv. The engine manufacturer reported earnings of $5.18 per share, excluding items, and $8.64 billion in revenue.

Persons: Jefferies, Etsy, DoorDash, Traeger, FactSet, Shopify, EVgo, Expedia, Cummins —, Cummins, —, Alex Harring, Yun Li, Michelle Fox, Hakyung Kim, Sarah Min, Pia Singh Organizations: Southwest Airlines, U.S . Federal Aviation Authority, Chicago Midway International, Citi, Simon Property, Simon Property Group, Qualcomm, PayPal —, PayPal, Refinitiv, Revenue Locations: Chicago, Refinitiv

☆ Stocks making the biggest moves premarket: Qualcomm, Moderna, PayPal and more
▼ + stars: | 2023-08-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

PayPal — Shares declined more than 8% after the company posted earnings that were in line with analysts' predictions Wednesday post market. Revenue came in higher than anticipated, with PayPal posting $7.29 billion, versus analysts' estimates of $7.27 billion. Clorox — The household good manufacturer's shares jumped nearly 7% after posting an earnings and revenue beat in the second quarter. Qorvo — The stock rallied 6.8% after the company beat analyst expectations on top and bottom lines in the second quarter. Unity Software — The software company surged about 5% after Unity exceeded analysts' estimates for revenue in the second quarter.

Persons: Jefferies, Albemarle, Roku, Clorox, Qorvo, FactSet, —, Alex Harring, Sarah Min, Jesse Pound Organizations: Qualcomm, Refinitiv, Deutsche Bank, JPMorgan, UBS, Moderna, Southwest Airlines —, PayPal —, Refinitiv . Revenue, PayPal, Citi, Management, Apple, Unity Software, Technology, BMO Capital Markets

Uber and Lyft drivers protest during a day-long strike outside Uber’s office in Saugus, Massachusetts, U.S., May 8, 2019. "The best antidote to unchecked corporate greed and rising inequality is building worker power through a union," Roxana Rivera, the head of the union in Massachusetts, said in a statement. The measures' proponents would then need to gather thousands of signatures to secure their placement on the ballot. The industry-backed proposal follows a similar 2020 measure in California, where the companies persuaded state voters to solidify ride-hail and food delivery workers’ status as independent contractors with some benefits. Reporting by Nate Raymond in Boston; Editing by David Gregorio and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Brian Snyder, Uber, Roxana Rivera, Andrea Campbell, Nate Raymond, David Gregorio, Jamie Freed Organizations: REUTERS, BOSTON, Uber Technologies, Massachusetts Drivers, Labor, SEIU, 32BJ, Thomson Locations: Saugus , Massachusetts, U.S, Massachusetts, California, Boston

☆ DoorDash CEO talks earnings: We want to build the biggest business for the long run
▼ + stars: | 2023-08-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

DoorDash CEO Tony Xu discussed his company's earnings with CNBC's Jim Cramer on Wednesday, highlighting its revenue, which topped Wall Street estimates. DoorDash, a delivery service company, reported earnings after the bell and posted $2.13 billion in second-quarter revenue, higher than the $2.06 billion analyst consensus estimate, according to FactSet. Xu added the company saw significant losses during the pandemic when it cut commissions for local restaurants struggling to stay in business. The company's net loss narrowed to $172 million during the second quarter from $263 million a year earlier. We are still on offense, we are still in investment mode, we want to build the biggest sized business for the long run."

Persons: Tony Xu, CNBC's Jim Cramer, Xu

☆ Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and more
▼ + stars: | 2023-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The company is calling for revenue ranging between $610 million and $645 million, while analysts called for $632 million, per Refinitiv. Qualcomm posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecast $8.5 billion. Zillow forecasts revenue of $458 million to $486 million, while analysts polled by FactSet are calling for revenue of $488.1 million. The company reported revenue of $494 million in the second quarter, while analysts polled by Refinitiv anticipated $473 million. The company posted $533 million in revenue, while analysts polled by Refinitiv sought $518 million.

Persons: Vlad Tenev, Baiju Bhatt, Etsy, DoorDash, FactSet, Qorvo, Refinitiv, Tripadvisor, Darla Mercado Organizations: Refinitiv, Qualcomm —, Qualcomm, MGM Resorts, MGM, PayPal, Refinitiv . Revenue, Unity Locations: New York City

☆ Beating the benchmark? How AI-driven ETFs stack up
▼ + stars: | 2023-08-02 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Rosenbluth explained that VettaFi is seeing increased interest in actively managed ETFs that are driven by AI. The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), for example, uses an artificial intelligence system to select large-cap stocks for its portfolio. "AMOM is significantly outperforming the iShares momentum ETF (MTUM) ," he said. The AI-driven AMOM rebalances at the end of every month and is up more than 21% this year, while the benchmark MTUM has remained relatively flat in 2023. "'[Momentum ETFs] should benefit from the information that's continually being updated in the marketplace," Rosenbluth said.

Persons: Todd Rosenbluth, CNBC's Bob Pisani, Rosenbluth Organizations: Momentum, Nvidia, Walmart, Home Depot, O'Reilly, Agriculture, Metals, AI, Equity, IBM Locations: U.S

☆ DoorDash lifts core profit target for second time on rising orders
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo AllegriAug 2(Reuters) - DoorDash (DASH.N) raised its annual core profit forecast for a second time and beat quarterly revenue expectations on Wednesday as orders for groceries and food surged despite higher prices, sending its shares up nearly 6% in extended trading. DoorDash expects a key measure of profitability, adjusted EBITDA, between $750 million and $1.05 billion, compared to the prior outlook of $600 million to $900 million. DoorDash's revenue rose 33% to $2.13 billion, beating expectations of $2.06 billion, according to Refinitiv data. Net loss narrowed to $170 million, or 44 cents per share, in the quarter, compared to $263 million, or 72 cents, a year ago.

Persons: Carlo Allegri, Ravi Inukonda, DoorDash, Granth, Arun Koyyur Organizations: REUTERS, DoorDash, Uber Technologies, Thomson Locations: Manhattan, New York City , New York, U.S, DoorDash, Bengaluru

☆ Stock futures are little changed Wednesday night after U.S. downgrade spurs a sell-off: Live updates
▼ + stars: | 2023-08-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Wednesday as traders contended with Fitch's recent downgrade of the United States' long-term rating. Futures tied to the S&P 500 gained 0.1%, while Nasdaq 100 futures added 0.1%. It marked the worst day since February for the index, as tech stocks tumbled amid a spike in bond yields. Both the S&P 500 and Dow Jones Industrial Average also closed lower. Fitch Ratings cut the United States' long-term foreign currency issuer default rating to AA+ from AAA late Tuesday, citing "expected fiscal deterioration" over the next three years as well as weakening governance.

Persons: Quincy Krosby, Fitch Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, chipmaker Qualcomm, Dow Jones, Fitch, AAA, LPL Locations: United States

☆ Jim Cramer goes one-on-one with DoorDash CEO Tony Xu
▼ + stars: | 2023-08-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer goes one-on-one with DoorDash CEO Tony Xu'Mad Money' host Jim Cramer goes one-on-one with DoorDash CEO Tony Xu to talk quarterly results, consumer behavior and more.

Persons: Jim Cramer, Tony Xu

☆ DoorDash CEO Tony Xu: Our numbers speak for themselves
▼ + stars: | 2023-08-02 | by ( Jim Cramer | ) 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 numbers speak for themselves'Mad Money' host Jim Cramer goes one-on-one with DoorDash CEO Tony Xu to talk quarterly results, consumer behavior and more.

Persons: Tony Xu, Jim Cramer

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