Skip to main content

Aggregator

Canadian Stocks Set For Mixed Open

3 days 13 hours ago
(RTTNews) - Canadian stocks are likely to open on a mixed note on Tuesday, reacting to quarterly earnings, and the mixed trend in the commodities market. Investors look ahead to the policy announcements from the Bank of Canada and the Federal Reserve, due on Wednesday.

Republicans on Defense in Deep Red States as Midterms Near

3 days 13 hours ago
With midterm elections now just one week away, President Donald Trump is rallying voters in Mississippi, a traditionally red state that is finding itself in an unexpectedly competitive race. It’s the latest in a series of tightening senate races nationwide, with gas and food prices on the forefront of voter's minds. NBC's Garrett Haake reports for TODAY.

DoorDash stock reacts on report that it wants to buy Instacart

3 days 13 hours ago

A big change up could be coming to the food delivery sector.

DoorDash could soon be the new owner of Instacart. The food delivery service is said to be in advanced talks to purchase its rival for about $17 billion, the Wall Street Journal reports. 

A deal could be in place as soon as this week, though things are still reportedly tentative enough to fall through. Instacart was previously in sale talks with Uber, but those have since fizzled out. 

Instacart’s business focuses on home grocery shopping and delivery. While DoorDash has moved into that area, purchasing Instacart could give the restaurant delivery service a much stronger foothold in the market. 

DoorDash previously bought European food delivery service Wolt in 2022. 

Instacart declined to comment. DoorDash did not respond to a request for comment.

How are DoorDash and Instacart stocks performing? 

Following Monday’s report, shares of DoorDash (Nasdaq: DASH) closed 6.10% down, a drop of 25.63% year-to-date (YTD).

In contrast, Instacart’s stock price (Nasdaq: CART) was up 7.87% at the close of business, a 35.35% rise YTD. 

DoorDash is worth about $73 billion and shared positive results in its most recent earnings report. The company’s quarter two revenue rose 36% year-over-year (YOY) to $3.28 billion. It beat Wall Street’s expectations of $3.16 billion, according to consensus estimates cited by CNBC. 

Meanwhile, Instacart saw its second quarter revenue rise 14% YOY to $1.04 billion. 

Stocks Rally Ahead of Busy Week as Crude Oil Prices Ease

3 days 13 hours ago
The S&P 500 Index ($SPX ) (SPY ) rose +0.67% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +1.09%. December E-mini S&P futures (ESZ26 ) rose +0.70%, and December E-mini Nasdaq futures (NQZ26 ) rose...

Stocks Rally Ahead of Busy Week as Crude Oil Prices Ease

3 days 13 hours ago
The S&P 500 Index ($SPX ) (SPY ) rose +0.67% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +1.09%. December E-mini S&P futures (ESZ26 ) rose +0.70%, and December E-mini Nasdaq futures (NQZ26 ) rose...