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Pittsburgh CNN —In the years that Pennsylvania Senate candidate Dave McCormick led one of the world’s largest hedge funds, the firm bet millions of dollars against some of the state’s biggest and most iconic companies, financial filings show. For financial institutions, short positions can be lucrative. The fund shorted about four dozen companies from Pennsylvania during McCormick’s tenure, the records show. The fund did invest in stocks of some of the same Pennsylvania companies it shorted in other years, and overall, it reported spending more money buying stocks of Pennsylvania companies than shorting them in four of the five annual reports reviewed by CNN. She argued that the short positions Bridgewater took in Pennsylvania companies didn’t negatively impact employees because they represented a small fraction of each company’s overall value.

Persons: Dave McCormick, McCormick, “, ”, Kevin Boltz, Democratic Sen, Bob Casey –, Casey, Luke Sharrett, Elizabeth Gregory, Dave, ” Gregory, Bridgewater, ” McCormick wasn’t, Andrew Jennings, Dan Mallinson, “ They’re, ” Mallinson, “ That’s, ” Eric Talley, Talley, I’m, Justin Merriman, McCormick’s, Biden, Bernie Hall, ” Hall, Gregory, Michael M, Eric Hovde of, Tim Sheehy, Bernie Moreno, dogging McCormick, Mallinson Organizations: Pittsburgh CNN —, Bridgewater Associates, The Hershey Company, US Steel, CNN, US Department of Labor, Republican, Hershey, Democratic, Bridgewater, Bloomberg, Getty, McCormick’s, Bridgewater Equity Fund, Labor, Securities and Exchange Commission, Comcast, Penn National Gaming, Emory University School of Law, Penn State, Columbia University, Steel, Japan's, Nippon Steel, Keystone, Nippon, Pennsylvania, United Steelworkers, Senate, Penn Locations: Pennsylvania, Bridgewater, Harrisburg, Pittsburgh, China, Eric Hovde of Wisconsin, Montana, Ohio

☆ 40-year-old CEO shares her No. 1 productivity strategy: ‘It’s a lesson I’ve had to learn over time’
▼ + stars: | 2024-10-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Blueland CEO Sarah Paiji Yoo says she couldn't do her job without ditching a habit that hindered her first startup: trying too hard to get everything done. Paiji Yoo co-founded Blueland, which makes eco-friendly cleaning and personal care products, in 2019. That company, founded in 2011, was acquired in 2013 by PriceGrabber for an undisclosed sum — and in those two short years, Paiji Yoo found herself gravely overworked, she says. "With my first startup, I was spinning my wheels along," Paiji Yoo, 40, tells CNBC Make It. Limited money, employees, time and resources means there's more to get gone, says Paiji Yoo.

Persons: Sarah Paiji Yoo, Paiji Yoo, PriceGrabber, Paiji, Oliver Burkeman, Leah Smart, we're, Burkeman, Get Organizations: CNBC, Society of Human, Mental Health

☆ Cramer's Lightning Round: McKesson is a buy
▼ + stars: | 2024-10-01 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Nano Nuclear Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon McKesson's year-to-date stock performance. Stock Chart Icon Stock chart icon Diamondback Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Littelfuse's year-to-date stock performance. Stock Chart Icon Stock chart icon Archer-Daniels-Midland's year-to-date stock performance.

Persons: It's, Archer, Daniels Organizations: Nano Nuclear Energy, Diamondback, Daniels Locations: Midland

☆ Sunken superyacht believed to contain watertight safes
▼ + stars: | 2024-09-21 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +6 min

Lynch was associated with British, American and other intelligence services through his various companies, including the cyber security company he founded, Darktrace. The chef, whose body was found outside the vessel, died by drowning, the coroner said. Local prosecutor Ambrogio Cartosio said no personal effects, including computers, jewelry or Lynch’s hard drives had been recovered from the vessel. The vessel did not have a traditional black box or voyage data recorder to record navigation data or audio on the bridge. The costs of raising the ship will fall to its owner, Lynch’s widow, as is mandated by Italian maritime law.

Persons: Rome, Mike Lynch, Lynch, Thoma, David Cameron, Theresa May, ” Francesco Venuto, Hannah, Chris Morvillo, Neda, Jonathan Bloomer, Judy, Recaldo Thomas, Bloomer, Lynch’s, Angela Bacares, James Cutfield, Lynch “, Morvillo, Hewlett Packard, Raffaele Cammarano, Stephen Chamberlain —, Darktrace —, Cutfield, Chamberlain, Ambrogio Cartosio Organizations: Rome CNN —, CNN, Italian Prosecutors, Thoma Bravo, Revtom, Fire Brigade, Civil Protection Agency, Hewlett, Autonomy, Local, Italian Locations: Sicily, British, Chicago, Russia, China, American, Italy

☆ The lawyer for Trump's new crypto firm was accused of trying to take over another digital asset company
▼ + stars: | 2024-09-20 | by ( Katherine Long | ) www.businessinsider.com time to read: +1 min

Former president Trump unveiled a new crypto company earlier this week, World Liberty Financial. Alex Golubitsky was fired from another crypto firm amid a dispute with its CEO, court docs show. On Monday, Trump announced he would be the face of World Liberty Financial in a livestream on X. While it's unclear what his official role in the organization is, he's listed in a company white paper as its "chief crypto advocate," according to a white paper obtained by CoinDesk. Three of Trump's children are also connected to World Liberty Financial, including his 18-year-old son Barron.

Persons: Trump, Alex Golubitsky, —, Donald Trump's, CoinDesk, Barron Organizations: Liberty, Service, Business

“It was all smoke and mirrors,” he said of the way the company operated. Former employees painted a picture of a company that cut corners in its haste to embark on missions with a poorly designed submersible. “They wanted to be able to qualify a pilot in a day, someone who had never sat in a submersible. The submersible lost contact with its mother ship during its dive to the Titanic on June 18, 2023. When the investigation is complete, the US Coast Guard and the National Transportation Safety Board will each conduct an independent analysis and complete reports, said Jason Neubauer, the chair of the Marine Board of Investigation.

Persons: David Lochridge, OceanGate, ”, Lochridge, – that’s, “, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Jason Neubauer, CNN’s Dakin Andone, Cindy Von Quednow Organizations: CNN, US Coast Guard, Marine Board of, OceanGate, Marine Board of Investigation, Coast Guard, Stockton Rush, National Transportation Locations: Everett , Washington, Newfoundland, Canada

☆ TikTok says it's not spreading Chinese propaganda. The U.S. says there's a real risk. What's the truth?
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +11 min

Is TikTok trying to secretly influence Americans at the behest of the Chinese government? And an analysis of the ownership structure of TikTok parent company ByteDance, obtained by NBC News, argues that the company is deeply entangled with some of China’s major government propaganda organs. The most recent one, published last month, found that TikTok suppresses anti-China content compared to YouTube and other social media platforms. In recent years, according to media reports, Chinese government entities have increasingly taken golden shares in technology companies. “This report establishes that TikTok algorithms actively suppress content critical of the Chinese Communist Party (CCP) while simultaneously boosting pro-China propaganda and promoting distracting, irrelevant content,” the researchers wrote.

Persons: —, TikTok’s, China —, ’, TikTok, ” Democratic Sen, Mark Warner, — Casey Blackburn, National Intelligence —, ”, ByteDance, Blackburn, Strider, ” Strider, Wu Shugang, “ Organizations: Congress, D.C, Justice Department, NBC News, Network, Research, Rutgers University, YouTube, Department, U.S ., Appeals, District of Columbia, Supreme, Strider Technologies, Communist Party of China, ” Democratic, U.S, of Economic Security, Emerging Technology, National Intelligence, TikTok, Chinese Communist Party, CCP, Net Investment, Technology, Communist Party, China Central Radio, Television Station, Beijing State, Administration, Investment, China’s Ministry of Education Locations: United States, Washington, U.S, China, Tibet, TikTok, People’s Republic of China, Tiananmen, Hong Kong, ”, Xinjiang, Beijing

☆ Cramer's Lightning Round: Herbalife is 'too controversial, too crazy'
▼ + stars: | 2024-09-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon NextEra Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Alight's year-to-date stock performance. Stock Chart Icon Stock chart icon Herbalife's year-to-date stock performance. Stock Chart Icon Stock chart icon Microsoft's year-to-date stock performance. Stock Chart Icon Stock chart icon Hewlett Packard's year-to-date stock performance.

Persons: NextEra, Hewlett, Hewlett Packard, Jim Cramer's Organizations: NextEra, Microsoft

☆ Why finding a job is so awful right now
▼ + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.

Persons: —, David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon

☆ This 32-year-old cashed out on over $2 million in startup equity—here are five tips on how to negotiate for more shares
▼ + stars: | 2024-09-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.

Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East

☆ How Elon Musk fumbled his purchase of Twitter — and apparently gave Grimes's baby name to his other child
▼ + stars: | 2024-09-13 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +9 min

Kate Conger and Ryan Mac are the authors of "Character Limit: How Elon Musk Detroyed Twitter." AdvertisementKatie Notopoulos: You've both reported on Elon Musk and his companies for a long time. Notopoulos: Everyone's talking about "Founder Mode" lately, the idea of running a company like it's still in its early days instead of scaling to "manager mode." Musk comes in and wants to go "extremely hardcore," his version of Founder Mode, but it hasn't really worked out. [Business Insider first reported the news that Elon Musk had twins with Zilis, an executive at Neuralink.]

Persons: you've, Twitter —, Kate Conger, Ryan Mac, Elon, Elon Musk, Conger, Mac, Katie Notopoulos, You've, Musk, Jack Dorsey, hasn't, he's, JJ Geiger, …, It's, Grimes, Shivon, Alice Zilis, Valkyrie, Claire Boucher, Jesus Organizations: Service, Elon, Twitter, The New York Times, Business, SpaceX, Tesla, Penguin Press, Street, Neuralink Locations: Elon Musk's, Conger

☆ Cramer's Lighting Round: 'I'm going to say no' to Citigroup
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Citigroup's year-to-date stock performance. Stock Chart Icon Stock chart icon IES's year-to-date stock performance. Stock Chart Icon Stock chart icon IBM's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. Stock Chart Icon Stock chart icon Alpha Metallurgical Resources' year-to-date stock performance.

Persons: Arvind Krishna Organizations: Citigroup, Citi, IBM, Parts, Exxon, Exxon Mobil, Alpha Metallurgical Resources

☆ A worker won $600,000 after Twitter said his goodbye messages showed he had resigned. The case holds valuable lessons for staff and employers.
▼ + stars: | 2024-09-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.

Persons: —, Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland

☆ Nvidia is suddenly in trouble
▼ + stars: | 2024-09-04 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Nvidia, the AI chipmaking titan that was briefly the world’s most valuable company, has suddenly found itself in an unfamiliar position: a major rut. Nvidia (NVDA) had the worst day in the history of the stock market Tuesday, as measured by loss in total market value. To put that shocking decline into context, only 27 companies on the planet are worth as much as Nvidia lost in value Tuesday. That’s why bulls like Wedbush’s Dan Ives believe Nvidia’s stock decline presents a buying opportunity. – CNN’s Ramishah Maruf contributed to this reportCorrection: Correction: An earlier version of this story incorrectly described TSMC's relationship with Nvidia.

Persons: Jensen Huang, ”, Biden, Kamala Harris, Donald Trump, Huang, Blackwell, “, ” Huang, Wedbush’s Dan Ives, ” Ives, –, Ramishah Maruf Organizations: CNN, Nvidia, Meta, McDonald’s, Chevron, Pepsi, BlackRock, Microsoft, Intel, US Justice Department, Bloomberg, Department of Justice, Justice Department, US Department of Justice, titans, Apple, Google, Nasdaq

☆ Can your stock portfolio be too diversified? Here are the pitfalls to avoid
▼ + stars: | 2024-08-30 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

For example, Apple at nearly a 6% weighting and Nvidia with a nearly 5% weighting are our top two stocks holdings in the Club portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Kimberly S, Jim, let's, Jim Cramer's Organizations: Apple, Nvidia, Club, AMD, Jim Cramer's Charitable, CNBC Locations: Massachusetts, —

☆ Why dividend stocks should be a hot play into fall
▼ + stars: | 2024-08-24 | by ( Ellie Stevens | ) www.cnbc.com time to read: +2 min

It appears more investors are eyeing dividend stocks ahead of the Federal Reserve's interest rate decision in September. Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy because he sees the Fed easing rates. ALPS is the issuer of several dividend exchange-traded funds including the ALPS O'Shares U.S. Quality Dividend ETF (OUSA) and its counterpart, the ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM). Relative to the S&P 500 , both dividend ETFs are overweight health care, financials and industrials , according to Baiocchi. Mike Akins, ETF Action's founding partner, views OUSA and OUSM as defensive strategies because the stocks generally have clean balance sheets.

Persons: Paul Baiocchi, CNBC's, Baiocchi, Mike Akins, OUSA, Akins Organizations: C Locations: U.S

☆ My husband retired 5 years ago and I still run my own business. Our schedules are different, but we make it work.
▼ + stars: | 2024-08-24 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +5 min

At 57, I'm still working as the principal of my own public relations and digital communications firm while my husband, Michael, is retired. AdvertisementI love my work and enjoy mentoring young peopleI really enjoy the work I do in my business and giving back to young people through mentorship, which I do through my business and outside it. Though he retired five years ago, I've only recently gotten better at communicating with him about my work schedule, so it takes time. Instead of assuming he knows I'm working, I'll go into a quiet room and close the door. When Michael first retired , I fell into the trap of thinking, "Oh, you're retired, of course, you'll do certain tasks instead of saying I'm working, would you be willing to run this errand?"

Persons: Ruth Furman, I'm, Michael, I've, we've Organizations: Service, ImageWords Communications, Security, Business Locations: Las Vegas, Chicago, Indiana

That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.

Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, ”, Anthony Morgan, “, Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada, ”

☆ A real-estate investor who achieved financial independence buying rentals shares the early mistake she made — and 2 criteria for picking an investment property
▼ + stars: | 2024-08-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

The second one — not as good," the seasoned real estate investor told Business Insider. Her second deal was a mountain cabin in a retirement community that she assumed would "appreciate like mad," she said. As of 2024, she said, she is a partner in $800 million of real estate, including over 6,500 residential units and 2,200 self-storage units across 11 states. Related storiesAdditionally, with a single-level property, you avoid potential structural headaches. "If it's going to be an investment property, I need to think about who's buying it next from me.

Persons: —, Whitney Elkins, Hutten, Elkins, She's, that's Organizations: Service, Business Locations: Fort Collins, Hutten

☆ 6 things you could be doing wrong if you're struggling to get a job
▼ + stars: | 2024-08-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

AdvertisementBut for job seekers who are struggling, there are ways you can try to improve your odds. Related storiesHaller said job seekers should reply to a job posting within 24 hours "to at least have a shot to be in the mix." That's how long Haller said job seekers have "to capture somebody's attention by your résumé or by your profile." Haller said job seekers may want to see who they can contact at the company beforehand. Getz said "to be cautious about how often you're following up" because you're not the only job candidate a hiring manager is talking to.

Persons: —, Leanne Getz, Stacie Haller, ResumeBuilder.com, Haller, Gabrielle Davis, I'm, Davis, company's, Getz, it's, I've, you've, doesn't Organizations: Service, of Labor Statistics, Business, LinkedIn Locations: mhoff@businessinsider.com

☆ The New York Times News Quiz, Aug. 9, 2024
▼ + stars: | 2024-08-09 | by ( ) www.nytimes.com time to read: 1 min

NASA said two astronauts could be stranded on the International Space Station until next year because of problems with their spacecraft, which was made by what company?

Organizations: NASA, Space Station

In late 2020, a news start-up began pitching investors on a bold vision: By creating content native to social media for Gen Z audiences — and later acquiring brands like The Daily Mail — the company would begin to create “the Amazon of News” within five years. “We must create a movement,” read a pitch deck for the company viewed by The New York Times. “A movement hungry for the facts and thirsty for the truth.”That company, which eventually became known as The News Movement, was co-founded by Will Lewis, a media executive who was named chief executive of The Washington Post last year. In early June, Mr. Lewis announced a new division in the newsroom that would focus in part on “social media journalism” to help turn around its ailing finances. The announcement, made alongside the news that the paper’s executive editor was leaving, ultimately led to internal strife and questions about Mr. Lewis’s leadership and ethics.

Persons: “, ”, Will Lewis, Lewis Organizations: Daily Mail, The New York Times, News, The Washington Post

☆ Cramer's Lightning Round: Wells Fargo is a buy
▼ + stars: | 2024-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Wells Fargo's year-to-date stock performance. Stock Chart Icon Stock chart icon Taiwan Semiconductor's year-to-date stock performance. Stock Chart Icon Stock chart icon Tyler Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon Cemex's year-to-date stock performance. Stock Chart Icon Stock chart icon Lumen Technologies' year-to-date stock performance.

Persons: Wells, Tyler, It's, Jim Cramer's Organizations: Taiwan Semiconductor, Tyler Technologies, Lumen Technologies Locations: Wells Fargo, Taiwan

☆ Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
▼ + stars: | 2024-08-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. For the third quarter, which runs through September, Amazon said it expects revenue of $154 billion to $158.5 billion. The disappointing guidance, coupled with a revenue miss for the second quarter, sent Amazon shares sliding more than 7% in extended trading. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Andy Jassy, Brian Olsavsky, Olsavsky, Donald Trump, Amazon, didn't, Jassy, Wayfair, Josh Silverman, It's Organizations: Amazon.Com Inc, Paris Olympics, U.S, Republican National Convention, Amazon, CNBC, Paris, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Seattle , Washington , U.S, Pennsylvania, U.S

☆ Food delivery fees are rising, and everyone's feeling the pinch
▼ + stars: | 2024-07-27 | by ( Justine Fisher | ) www.cnbc.com time to read: +11 min

Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash and Uber Eats take hold in day-to-day dining. It's also presenting customers and restaurants with an increasingly complicated equation of service fees, delivery costs and worker tips. San Francisco resident Zainab Batool, who said she orders delivery from either Uber Eats or DoorDash weekly, called the added fees "insane." The share of consumers choosing third-party delivery services over direct restaurant delivery is rising, up from 15% in 2020 to 21% in 2024, according to Technomic's 2024 Delivery & Takeout Consumer Trend Report. But using their delivery services instead of paying for in-house delivery is worth it for a business on the smaller side, he said.

Persons: Luiz C, Ribeiro, Uber, It's, Zainab Batool, Batool, Gordon Haskett, Grubhub, it's, DoorDash, Covid, Spencer Platt, they've, Shelle Santana, Lindsey Nicholson, Tony Scardino, Pizza, He's, Scardino, Meredith Sandland, Ann, Phillis Engelbert, Engelbert, Gabby Jones Organizations: Ribeiro | New York Daily News, Tribune, Service, Getty, Gordon Haskett Research Advisors, Companies, U.S . Mobility, Uber, Bentley University, Grubhub Marketplace, UCG, Amazon, Bloomberg Locations: Manhattan, Ribeiro |, Francisco, Amsterdam, California, New York City, U.S, Canada, Illinois, Chicago, Ann Arbor , Michigan, Detroit

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