Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
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FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Biden anti-hunger plan enlists gig companies — whose workers sometimes go hungry
President Joe Biden’s strategy for ending hunger in the U.S. by 2030 is being funded in part by companies whose own workers sometimes can’t afford to buy food. The Biden Read more
DoorDash orders hit all-time records as growth continues; stock shoots higher
DoorDash Inc. handily beat third-quarter revenue expectations and reported all-time highs in total orders and gross order value, though the food-delivery company’s quarterly loss was wider than expected in results Read more
‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors look Read more
DoorDash earnings: What to expect
DoorDash Inc. is scheduled to report third-quarter earnings Thursday afternoon, after the close of markets in the U.S. Analysts on average expect DoorDash’s DASH, +4.15% quarterly losses to double from Read more
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
The food-delivery business has seen lots of ups and downs this year — shutdowns, layoffs, consolidations — as consumers resume their pre-pandemic ways. Now, data and insider commentary about the Read more
Wall Street is being nicer on earnings as vaccine makers, fintech reports near
With a downcast earnings season passing the halfway mark, results from financial-technology and vaccine makers will arrive this week amid questions about consumer spending and demand for COVID-19 drugs. As Read more
A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New Constructs
Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more
A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New Constructs
Tesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm New Constructs. Read more