EUR/USD 1.16441
-0.003%
Gold 4669.44
-0.056%
Oil 59.255
-0.155%
USD/JPY 157.977
-0.091%
GBP/USD 1.34235
-0.011%
GBP/JPY 212.066
-0.093%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 20, Wang Shancheng, Director of the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, stated that the subsidy standards for "new infrastructure" and "new urbanization" will be unified to implement the requirements of a unified national market. The subsidy standards for six types of home appliances and four types of digital and smart products will be implemented nationwide for the scrapping and replacement of automobiles and the replacement of old automobiles with new ones.Hong Kong-listed chip stocks declined, with Hua Hong Semiconductor (01347.HK) falling over 5%, SMIC (00981.HK) down 3.8%, Innoscience (02577.HK) down 2.5%, and Biren Technology (06082.HK) down 2.4%.Malaysian Prime Minister: To date, reforms to fuel and electricity subsidies have saved RM15.5 billion.On January 20th, U.S. Trade Representative Greer stated in an interview with The New York Times that if the Supreme Court overturns the global tariffs imposed by President Trump under the National Emergency Act, the Trump administration could implement new tariffs almost immediately. The Supreme Court is likely to rule on the tariff case in the coming weeks, possibly as early as Tuesday. This case represents a major test of presidential power and whether the Supreme Court is willing to limit the broad powers Trump has wielded since returning to the White House in January 2025. Greer indicated that the government would replace these tariffs with other taxes "starting the next day."On January 20th, Futures News reported that with the recent easing of tensions in the Middle East, market concerns about oil supply disruptions have diminished, leading to a decline in the geopolitical premium for crude oil prices. The market is now refocusing on the fundamental situation of weakening demand, resulting in weak price fluctuations. Zhuochuang Information predicts that while OPEC+ has suspended production increases, keeping oil supply stable, weak demand remains a drag on fundamentals, causing weak price fluctuations. The outlook is as follows: In the short term, demand is supported, but overall inventory levels remain high, insufficient support for price increases, and a slight stalemate between buyers and sellers. The market is expected to continue its stable-to-strong trend, with prices remaining generally stable and the supply of low-priced goods decreasing.

DoorDash Increases Its Core Growth Objective For 2022 After A 35% Increase in Sales

Aria Thomas

May 06, 2022 09:34

D2.png


DoorDash Inc increased its full-year projection for a key industry statistic on Thursday, signaling that it has largely avoided the staffing shortages that have afflicted the majority of industries in order to provide seamless food and grocery delivery.


DoorDash's stock jumped 9% after the company also posted a better-than-expected 35% increase in quarterly sales, allaying investor fears that an easing epidemic would encourage people to dine out more and order in less.


The company's reputation as a facilitator of the gig economy has aided in attracting a consistent supply of delivery agents, in contrast to Domino's Pizza (NYSE:DPZ) and Pizza Hut, which have battled to sustain their fleets of riders in a difficult labor market.


DoorDash has retained its delivery workers in part because it has taken steps to alleviate the burden of rising gas costs by paying cash back and streamlining the process of working with the firm, according to CFO Prabir Adarkar.


The business now anticipates a gross order value of $49 billion to $51 billion for 2022, up from a previous range of $48 billion to $50 billion.


"Convenience is important to consumers. They like the convenience of having food and things delivered directly to their front door. As they begin to use the product, they develop a habit and gradually increase their usage "As Adarkar stated.


According to YipitData, DoorDash increased its market share in the US meal delivery business by one percentage point to 57% in March, while Grubhub lost momentum.


However, DoorDash's loss per share increased to 48 cents in the first quarter, up from 34 cents a year ago, as the company spent extensively in growing its grocery and other necessities delivery network and international expansion.


For the quarter ending March 31, revenue was $1.46 billion. According to Refinitiv's IBES data, analysts expected a loss of 41 cents per share on sales of $1.38 billion.

Suggestion