An estimated 111 million Americans used food delivery apps last year, compared to just 66 million five years ago. DoorDash (NYSE: DASH), Uber Technologies' (NYSE: UBER) Uber Eats, and JustEatTakeaway (NASDAQ: GRUB) are currently the three largest food delivery companies in the country, with a combined market share of 85%. Despite amazing user growth, food delivery stocks are terrible investments.
The insurer was accused by a short-seller of "extensive" fraud.
Will Chinese "overproduction" of semiconductor chips swamp the market?
Dow Jones futures and S&P 500 futures were little changed after hours, while Nasdaq futures rose slightly. Nvidia chipmaker Taiwan Semiconductor reports early Thursday, with huge implications for the chip sector.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
Raoul Pal has an extensive background in financial markets. He has served as head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. More recently, he started his own crypto hedge fund, investment research firm and financial knowledge platform. His opinion on crypto is valued around the world, and he is constantly sending out market insights to his 1 million followers on X. Pal considered many factors to arrive at his prediction that Bitcoin will
With strong demand and AI partnerships with Google in hand, Nvidia stock shows resilience and etches a potential breakout.
(Bloomberg) -- This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina
(Bloomberg) -- Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Powell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster
Trump Media & Technology Group stock rose, recouping some recent losses after the Truth Social parent disclosed plans to launch a streaming network.
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.