Just Eat Takeaway, a food-delivery service based in Europe, bought Grubhub. According to Gizmodo, while sales have spiked, operation costs have also been high. The acquisition of Grubhub makes it the largest digital food delivery service operator outside of China. Stories analyzing the deal pointed out a European deal was less likely to get blocked by antitrust regulators. Before Just Eat Takeaway acquired Grubhub, Uber wanted to also buy the food-delivery service.
Homebound customers of Uber Technologies more than doubled their orders from the company's food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom. Fred Katayama reports.
Uber driver Johan Nijman faces a difficult decision as federal unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and potentially catch COVID-19 as a diabetic. This report produced by Yahaira Jacquez.
Uber has joined up with Thames Clippers for the launch of its new service UberBoat. The service, which commences in London on Monday, will allow users topurchase tickets for Thames Clippers boats in advance through the Uber app andthen use QR technology to board. The payment will be processed using Uberaccount details. Passengers will be able to use the service across a fleet of20 boats on the River Thames, with departures from 23 piers across London.
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California’s Air Resources Board wants to cap emissions from vehicles being used for companies like Uber and Lyft. These rideshare app businesses have an infamously tumultuous history with labor regulators in their home state. However, Gizmodo Earther reports they seem far more receptive to going green than they are to sufficiently compensating their workforce. The proposal would mandate that 60% percent of miles traveled by Uber and Lyft vehicles be in electric vehicles by 2030.
Business Insider reports that Uber is using its resources to help track and trace the corona virus. Uber unveiled an initiative to share user data on drivers or riders who may have come into contact with coronavirus-infected individuals. The data will be shared with global public health officials to aid contact tracing efforts. Public health officials will be able to view the data and give Uber advice on the step it can take to minimize exposure to their customers and employees.
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.
CNBC reports that gold prices could reach $4,000, the CEO of US Global Investors told CNBC Monday. Frank Holmes said: "It's quite easy to see gold going to $4,000." CEO of US Global Investors. Holmes believes rising monetary stimulus is the main reason gold prices can soar to that level. Business Insider reports that Gold broke $2,000 the first time last week, on expectations of a US stimulus bill.
Getting the chickenpox is a right of passage for all children. The signs of chickenpox include fever, fatigue, headache, loss of appetite, and an itchy rash. The rash usually develops about 10 to 21 days after you are exposed to the virus. The other physical symptoms can occur a few days before the rash develops. Business Insider reports that the infection usually lasts 5 to 10 days. The virus goes away on its own, though certain high-risk groups will want to seek medication.
Yoga is a very popular form of exercise. And why not? According to Business Insider, yoga provides a lot of great health benefits. One major benefit is better sleep. Yoga practitioners strengthening core muscles. They also improve depression symptoms. Finally, yoga helps with stress management.
iPhone 12 expected to launch in the fall. Business Insider reports that this is the worst time to purchase a new iPhone. Insider said buyers should wait for the newest model that's expected to come with 5G support and the latest Apple processor. Some consumers don't care about having the latest iPhone. Apple typically discounts certain older models when introducing new ones. Consumers in need of a cheaper iPhone can pick up an iPhone SE for $399.