DoorDash sees food orders declining in second half; shares fall 12%

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Your evening briefing. Reuters Business Sponsored by   DoorDash sees food orders declining in second half; shares fall 12% Food delivery company DoorDash Inc on Thursday forecast orders to decline in the back half of the year as COVID-19 vaccine rollouts speed up and consumers begin to venture out nearly a year after staying indoors. AT&T, TPG to form new company for U.S. video unit in $16.25 billion deal Buyout firm TPG Capital and AT&T Inc said on Thursday they will form a new company, DIRECTV, to operate the company's U.S. video business unit. Tesla to cut Model 3 production in U.S. for two weeks - sources Electric vehicle maker Tesla Inc plans to slash production of its Model 3 sedans for two weeks, sources told Reuters on Thursday, at a time when demand is slowing for Tesla cars and the market faes a chip shortage. EOG Resources hikes dividend by 10% after profit jumps Oil and gas producer EOG Resources Inc on Thursday boosted its annual dividend by 10% after its fourth-quarter adjusted profit rose over 60% from the third, helped by a recent recovery in commodity prices. Beyond Meat signs multi-year supply deals with McDonald's and Yum! Brands Plant-based meat maker Beyond Meat Inc said on Thursday that it has signed multi-year supply deals with McDonald's Corp and Yum! Brands Inc. Microsoft failed to shore up defenses that could have limited SolarWinds hack: U.S. senator Microsoft Corp's failure to fix known problems with its cloud software facilitated the massive SolarWinds hack that compromised at least nine federal government agencies, according to security experts and the office of U.S. Senator Ron Wyden. Wall Street ends sharply lower, tech selloff weighs as bond yields climb Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. Fisker expects capital expenditures of up to $240 million in 2021 Fisker Inc expects capital expenditures for this year to be in the range of $210 million to $240 million, the electric carmaker said on Thursday in its first quarterly report since going public. Dell beats revenue estimates on buoyant demand for desktops, notebooks Dell Technologies Inc beat Wall Street estimates for holiday-quarter revenue on Thursday, helped by demand for its desktops and notebooks as most offices continued to work remotely during the COVID-19 health crisis. Airbnb bookings rebound as lockdown-weary Americans step out for short trips Airbnb Inc reported better-than-expected gross bookings on Thursday in its first quarterly earnings report since going public, indicating a strong rebound in demand for vacation rentals in North America as COVID-19 pandemic curbs ease. Related Videos SEC, not Congress, should step in amid GameStop stock frenzy: Analyst Todd Cipperman, founding principal of Cipperman Compliance Services told Reuters Thursday that the surprise resurgence of so-called "stonks" like GameStop should be regulated by the SEC and not Congress. Breakingviews TV: McKinsey IPO? The consulting firm has effectively ousted boss Kevin Sneader, after a string of controversies he tried to put to rest. If McKinsey wants to show it has changed, going public might help. Outside shareholders can make a good reputational early-warning system, John Foley suggests. Sponsored by IBM: IBM Security Solutions Explore the cybersecurity solutions behind the shield to help you put security everywhere LEARN MORE World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2021 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions