Business

DoorDash sees strong quarterly growth in sales and orders but warns of big costs

DoorDash said Wednesday its revenue rose 38% in the fourth quarter as it gained new U.S. customers and added new services like restaurant reservations. But investors may be more focused on the cost of new projects, including the development of autonomous delivery robots and tests of drone ...

US stocks edge higher after big swings

NEW YORK — A quiet finish for the U.S. stock market on Tuesday masked big swings underneath the surface as companies talked about how discouraged their customers are feeling and some tech stocks continued to feel the downside of the artificial-intelligence boom. The S&P 500 rose 0.1% ...

Soaring coffee prices rewrite some Americans’ daily routines

NEW YORK — For years, it was a daily McDonald's trip for a cup of coffee with 10 sugars and five creams. Later, it was Starbucks caramel macchiatos with almond milk and two pumps of syrup. Coffee has been a morning ritual for Chandra Donelson since she was old enough to drink it. But, ...

TSA agents are working without pay at US airports due to another shutdown

A shutdown of the U.S. Department of Homeland Security that took effect early Saturday impacts the agency responsible for screening passengers and bags at airports across the country. Travelers with airline reservations may be nervously recalling a 43-day government shutdown that led to ...

Amazon scraps partnership with surveillance company after Super Bowl ad backlash

Amazon's smart doorbell maker Ring has terminated a partnership with police surveillance tech company Flock Safety. The announcement follows a backlash that erupted after a 30-second Ring ad that aired during the Super Bowl featuring a lost dog that is found through a network of cameras, ...

McDonald’s says focus on value is bringing back customers

McDonald's focus on value is paying off. The fast food giant said Wednesday that its global same-store sales — or sales at locations open at least a year — jumped 5.7% in the October-December period. That's better than the 3.9% Wall Street was expecting, according to analysts polled by ...