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On May 20th, Google announced a comprehensive AI-centric upgrade to its flagship product, Google Search. Google stated that based on the new Gemini 3.5 Flash model, "AI Mode" and "AI Overview" will be further embedded in the search box for a more seamless user experience. The search function will also introduce Gemini Spark, the companys next-generation intelligent agent AI assistant, capable of performing tasks or completing purchases within the search interface. Additionally, Gemini will be able to customize and generate images, videos, or code based on search requests. Elizabeth Reed, head of Google Search, stated at Google I/O 2026, "This is the biggest upgrade to our iconic search box since its launch 25 years ago."May 20th - According to Israeli sources on the evening of May 19th local time, despite US President Trumps announcement the previous day to cancel attacks on Iran, Israeli officials assessed that evening that Trump still favored resuming military action against Iran. Furthermore, Israeli sources also stated that joint preparations between Israel and the US for resuming military action against Iran have been completed and are currently awaiting Trumps decision.Citigroup: If the Strait of Hormuz remains closed in early 2027, the oil shock of the 1970s could be repeated.Hang Seng Index futures closed down 0.4% at 25,603 points in overnight trading, a discount of 195 points.Citigroup: The outlook for oil in 2027 is extremely difficult to predict, but the median forecast is $80-90 per barrel.

DoorDash Performs Well Because of Inflation-resistant Takeout Demand

Aria Thomas

Nov 04, 2022 14:49

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In the third quarter, food delivery startup DoorDash Inc.'s orders reached a new high as demand remained strong despite rising prices and inflation, helping it to surpass Wall Street's revenue estimates and sending its shares 10% higher on Thursday.


Many continue to purchase food online from the comfort of their own homes, as they did during lockdowns, despite the fact that dining out is back in full swing.


According to a business official, though, DoorDash has observed a little impact from recession-aware clients purchasing fewer items each transaction.


The company achieved 439 million orders and a 30% rise in gross order value to $13.53 billion during the quarter. The gross order value is the sum of all app purchases and subscription payments.


In addition to the food industry, grocery stores, convenience stores, and retail all performed well. "Retail and supermarket partnerships will be a growth driver for DoorDash, giving the potential for a higher average order value," said Third Bridge analyst Nicholas Cauley. DoorDash estimated a fourth-quarter gross order value between $13.9 billion and $14.2 billion and confirmed its full-year forecast for the industry's most crucial metric.


The parent company of UberEats, Uber Technologies (NYSE:UBER), said on Tuesday that the number of active drivers has returned to September 2018 levels.


Driver shortages have not hurt DoorDash, with the exception of the first quarter of 2021, when the U.S. government distributed its second round of stimulus checks to help people cope with the pandemic. According to IBES data from Refinitiv, the company's third-quarter revenue climbed by 33% to $1.70 billion, exceeding analysts' forecasts of $1.63 billion. However, the company's net loss of $295 million, or 77 cents per share, exceeded expectations.

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