DoorDash Inc

U.S. demand for grocery delivery is cooling as food prices rise. Some shoppers are shifting to less expensive grocery pickup, while others are returning to the store.

The grocery delivery company was valued at $39 billion last March, when it raised $265 million.

“We’ve got the worst inflation in decades, which is bad news for the whole industry except Kroger,” the “Mad Money” host said Monday.

GM is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion.

On Wednesday, Flex drivers rallied outside of an Amazon warehouse in Southern California to ask the company to increase pay because of rising gas prices.

Silicon Valley links between VCs, Russian founders and investors have created a range of issues as a result of the invasion of Ukraine and business retreat.

Lyft said said the 55-cent surcharge will last for at least 60 days.

While DoorDash is following Uber and Lyft in providing aid to drivers, the company says it won’t raise prices on consumers.

Gig workers who have been grocery shopping for Amazon customers have to decide if they’re willing to give up flexibility to become Whole Foods employees.

After a strong debut on the public markets in mid-November, the stock has struggled as investors question the company’s lack of profitability.

“While they can have some huge swings, once the volatility’s over, I bet they won’t easily give back their gains,” CNBC’s Jim Cramer said.

Amazon has spent 15 years rolling out various grocery services but hasn’t landed on a profitable or coherent strategy.

“That’s over 100 shopping occasions a month,” DoorDash’s Tony Xu told CNBC on Thursday.

These are the stocks posting the largest moves in midday trading.

The company gave upbeat full-year guidance, suggesting it expects demand for food delivery to remain strong despite the easing of Covid restrictions.

U.S. stock futures dropped Thursday as NATO accused Russia of adding forces at the Ukraine border not reducing them.

U.S. stock futures dropped Thursday as NATO accused Russia of adding forces at the Ukraine border not reducing them.

These are the stocks posting the largest moves before the bell.

See which stocks are posting big moves after the bell.

The food delivery company reported better-than-expected revenue for the fourth quarter, as well as total orders that topped analysts’ expectations.