Jackie Davalos

Business, Technology, Autonomous

Uber Soars After Beating Estimates as Ridership Defies Inflation

Uber A user waits for an Uber. (Damian Dovarganes/Associated Press)

Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.

Jackie Davalos | Bloomberg News
August 2, 2022
Business

Instacart CEO Courts Investors, Skeptics Ahead of IPO

Fidji Simo, chief executive officer of Instacart Inc. Fidji Simo, chief executive officer of Instacart Inc. (David Paul Morris/Bloomberg News)

Instacart Inc., a 10-year-old grocery delivery startup that was once one of the most highly valued of its gig-economy generation, is preparing to go public. CEO Fidji Simo now must convince investors that Instacart’s explosive growth during the COVID-19 lockdowns won’t fade along with the virus.

Jackie Davalos | Bloomberg News
May 12, 2022
Business

Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit

Uber David Paul Morris/Bloomberg News

Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.

Jackie Davalos | Bloomberg News
May 4, 2022
Business, Fuel, Logistics

Instacart Adds Fuel Surcharge to Offset High Gas Prices

The Instacart website on a laptop computer The Instacart website on a laptop computer. (Tiffany Hagler-Geard/Bloomberg News)

Instacart Inc. is adding a fuel surcharge on grocery delivery orders, becoming the latest gig economy company to impose new fees on customers to ease drivers’ gas bills amid record-high prices.

Jackie Davalos | Bloomberg News
March 18, 2022
Business, Technology, Autonomous

Uber to Pilot Driverless Food Delivery in California in 2022

Uber to Pilot Driverless Food Delivery in California in 2022 Uber headquarters sign (David Paul Morris/Bloomberg)

Uber Technologies Inc. plans to launch a driverless food-delivery pilot program in the U.S. next year, the company announced Dec. 16.

Jackie Davalos | Bloomberg News
December 16, 2021
Business, Logistics

New York City Council OKs Cap on Food Delivery Fees

A delivery rider during tropical storm Henri in Brooklyn A cyclist makes a delivery in Brooklyn during Tropical Storm Henri. (Ismail Ferdous/Bloomberg News)

New York City lawmakers passed a measure that will make temporary caps on third-party delivery fees permanent in a blow to companies like DoorDash Inc., Grubhub and Uber Technologies Inc.

Jackie Davalos | Bloomberg News
August 26, 2021
Government, Business

Oil Clinches Gain After OPEC+ Committee Recommends Supply Cut

Workers on an oil platform Ali Mohammadi/Bloomberg News

Oil advanced for a second day after an OPEC+ committee recommended a larger supply cut to offset lost demand from the spread of the coronavirus.

Jackie Davalos | Bloomberg News
March 3, 2020
Government, Business, Fuel

Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic

Persian Gulf oil platform Gas flares burn from pipes aboard an offshore oil platform in the Salman Oil Field near Lavan island, Iran. (Ali Mohammadi/Bloomberg)

Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.

Jackie Davalos | Bloomberg News
February 28, 2020
Government, Business, Fuel

Oil Dives After CDC Warns of Potential Virus Outbreak in US

Oil prices graphic

Oil deepened a three-day rout as panic over a coronavirus outbreak in the U.S. gripped investors and sent shockwaves through commodity, equity and debt markets.

Jackie Davalos | Bloomberg News
February 25, 2020
Government, Business, Fuel

Oil Stalls After Rosneft Sanctions Offset Virus-Led Demand Fears

A pump jack in Loving County, Texas, in December 2018. A pump jack in Loving County, Texas, in December 2018. (Angus Mordant/Bloomberg News)

Oil ended the session Feb. 18 flat after U.S. sanctions on Russia’s largest oil producer helped to erase losses driven by lingering concerns that coronavirus will cut demand.

Jackie Davalos | Bloomberg News
February 18, 2020

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