Food Delivery

Customers using DoorDash (NYSE:DASH) and Uber Eats (NYSE:UBER) in New York City received a jolt this week. The popular delivery platforms have ceased tipping at checkout and introduced additional charges. What Happened: Business Insider reported on Dec. 6, 2023, that New York City-based users of...

Food delivery giants in New York must now pay their workers a minimum hourly wage of $17.96, as per a recent court decision. As reported by Bloomberg on Thursday, a state appeals court rejected attempts by Uber Technologies Inc. (NYSE: UBER), DoorDash Inc. (NYSE: DASH) and Grubhub Inc. (NYSE: GRUB...

Uber Technologies Inc (NYSE: UBER) just reported its second ever operating profit in its third quarter report during which it expanded both its rides and food delivery business. Last week, its food delivery rival, DoorDash Inc (NASDAQ: DASH), reported its best quarter since its IPO. Uber...

DoorDash Inc. (NYSE:DASH) has warned its users about potential delays in food delivery if the delivery driver is not tipped, reported The Wall Street Journal. The food delivery giant has hinted that customers who choose not to tip their delivery drivers might have to wait longer to receive their...

Automotive giant Ford Motor Company (NYSE:F) is among the companies that are testing the use cases for drones. Here's a look at the latest developments at the automotive company. What Happened: Ahead of its third quarter earnings report and a tentative agreement with the UAW for the ongoing strike...

With the rapid rise of artificial intelligence tools available, more and more companies are looking for ways to integrate the potentially transformative technology into their businesses. Uber Eats is no different.  Uber Eats is preparing to roll out an AI-powered chatbot that will help...

DoorDash Inc (NYSE: DASH) is offering more choices for consumers and more choices for Dashers at roughly the same cost to the company. What Happened: DoorDash redesigned its consumer app based on customer feedback and unveiled the changes at its inaugural Dash Forward 2023 product...

Uber Technologies, Inc (NYSE: UBER) and DoorDash Inc (NYSE: DASH) were trading more than 5% and 2% higher, respectively on Monday, in tandem with the general market, which saw the S&P 500 gain slightly. Piper Sandler analyst Alexander Potter upgraded Uber from Neutral to Overweight on...

After posting better-than-expected third-quarter results, DoorDash Inc (NYSE: DASH) received four price target changes from analysts. Although still bullish, price targets were lowered to reflect a more conservative estimate based on the stock trading at 30x 2023 adjusted EBITDA, which may keep...

Stocks and bonds in the U.S. took a hit on Thursday, continuing their response to the Federal Reserve’s hawkish stance. The S&P 500 and the Nasdaq closed over 1% lower, while yields on U.S. Treasuries across the curve saw a spike. Meanwhile, here are five stocks that witnessed...

Rideshare and mobility company Uber Technologies Inc (NYSE: UBER) reported revenue growth of 72% in the third quarter. Here’s what analysts said after earnings. The Uber Analysts: RBC Capital analyst Brad Erickson had an Outperform rating and a price target of $46. JMP Securities analyst...

Shares of Indian food delivery app Zomato Ltd crashed up to 9.6% in opening trade on the BSE following reports Uber Technologies Inc (NYSE: UBER) is looking to sell its entire stake in the firm for up to $373 million. The offer price range for the deal stood between INR48-54 per share, the report...

Ecommerce giant Amazon.com Inc (NASDAQ: AMZN) made its largest acquisition of all time in 2017 with the announcement it was purchasing physical retailer Whole Foods. Here’s a look at the acquisition and how shares have performed since the deal was announced. What Happened: Amazon announced on...

Ecommerce leader Amazon.com Inc (NASDAQ: AMZN) has used a series of acquisitions and partnerships to boost the offering of its Amazon Prime subscription service. Here’s a look at some of the benefits Prime subscribers get and what may be coming down the road. What Happened: Amazon announced a...

Circuit Route Planner is a route optimization app targeted toward delivery drivers who work for companies such as UberEats, part of Uber Technologies Inc (NYSE: UBER), DoorDash Inc (NYSE: DASH) and GrubHub. Circuit ran a poll of more than 500 delivery drivers that asked the simple...