Food Delivery

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...

Beijing-headquartered e-commerce giant JD.com Inc (NASDAQ: JD) is mulling a possible foray into the food delivery business, posing an intense competition for its Chinese peers Meituan (OTC: MPNGF) and Alibaba Group Holding Ltd (NYSE: BABA). What Happened: JD Retail CEO Xin Lijun, in an...

Fast food giant Taco Bell is launching its “Taco Bell Defy” restaurant on Tuesday, June 7. Here is what makes this new restaurant stand out. What Happened: First announced last year, the new Brooklyn Park, Minnesota Taco Bell location opens June 7 and is the first “Taco Bell...

Food delivery company DoorDash Inc (NYSE: DASH) reported quarterly earnings Thursday after the market close. Here’s what analysts had to say about the company’s latest earnings report. The DoorDash Analysts: Morgan Stanley analyst Brian Nowak has an Equal Weight rating on DoorDash and a...

A leading ridesharing and mobility company has intentions to offer additional transportation options to its customers, with plans to launch a super app for travel. Here’s the latest. What Happened: Ridesharing company Uber Technologies Inc (NYSE: UBER) offers vehicle transportation, food...

DoorDash Inc (NASDAQ: DASH) reported fourth quarter and full fiscal year earnings after market close Wednesday. Here are the key highlights for investors. What Happened: DoorDash reported fourth-quarter revenue of $1.3 billion, up 34% year-over-year. The total beat the consensus estimate of $1.28...

The IPO market saw record listings and capital raised in 2021. Several well-known big name companies joined the public markets in 2021, while other private companies delayed their listings or chose to raise private capital instead. Several carryovers from 2021 could go public in 2022m along with...

A food delivery company is offering a new incentive to try to gain market share in the highly competitive market: free Bitcoin. What Happened: Bitcoin (CRYPTO: BTC) rewards company Lolli announced a partnership with food delivery company Grubhub, a unit of Just Eat Takeaway.com. NV - ADR (...

DoorDash Inc (NYSE: DASH) posted an earnings beat after-hours on Tuesday, rallying an impressive 25% an hour after the earnings were reported. What Happened: While there was a mild pullback on Wednesday, this Thursday has seen the stock rally again, albeit on lower volume. The stock is up more than...

The COVID-19 pandemic has been a business-changing event for the restaurant industry and food-related businesses. With the reopening trade providing a lift to some businesses, food stocks could be under watch this week with some that saw business boosts during the pandemic and some that had harder...