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DoorDash forecasts quarterly order value above estimates

DoorDash forecasts quarterly order value above estimates

May 6 (Reuters) - DoorDash on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand and the online delivery firm's expansion across grocery, retail and international markets. Shares of the company were up 10% in extended trading. 
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Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

Cheniere flags earnings pressure from Middle East disruptions after Q1 loss

May 7 (Reuters) - Cheniere Energy warned that shipping disruptions tied to the Middle East conflict could tighten global gas supply and keep prices volatile, further pressuring the U.S. LNG producer's earnings and cash flow after it swung to a steep quarterly loss.
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US gasoline prices top $4.50 a gallon as summer driving season nears

US gasoline prices top $4.50 a gallon as summer driving season nears

By Anushree Mukherjee May 5 (Reuters) - The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S.-Israeli war with Iran kept disrupting a substantial portion of global oil supplies shipped through
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Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

Whirlpool shares hit 14-year low after slashing annual targets, suspending dividend

May 7 (Reuters) - Whirlpool shares plunged to their lowest level in more than 14 years on Thursday, after the home appliance maker slashed its full-year profit forecast by half and suspended dividend.
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Airbnb flags Middle East war impact on second-quarter growth

Airbnb flags Middle East war impact on second-quarter growth

By Aishwarya Jain and Doyinsola Oladipo May 7 (Reuters) - Vacation rental company Airbnb on Thursday said it expects growth in nights booked during the second quarter to decelerate compared with the prior three months, hurt by travel disruptions in the Middle East.
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Chime banks on resilient consumer spending to post maiden quarterly bottom line

Chime banks on resilient consumer spending to post maiden quarterly bottom line

By Pritam Biswas and Arasu Kannagi Basil May 6 (Reuters) - Chime posted its first-ever quarterly profit on Wednesday, as resilient consumer spending in the first three months of the year lifted demand for the financial technology firm's digital banking products.
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S&P 500, Nasdaq futures hit records as oil extends losses

S&P 500, Nasdaq futures hit records as oil extends losses

May 7 (Reuters) - S&P 500 and Nasdaq futures hovered near all-time highs on Thursday as oil prices retreated further on hopes of a U.S.-Iran peace deal that could potentially normalize crude supplies through the Strait of Hormuz.
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Papa John's misses quarterly results estimates as living costs soar

Papa John's misses quarterly results estimates as living costs soar

May 7 (Reuters) - Papa John's International missed expectations for first-quarter revenue and profit on Thursday as the pizza chain failed to draw diners, especially in its U.S. market, at a time when consumers struggle with high living costs.
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Shake Shack misses estimates as fast food demand weakens, shares drop 18%

Shake Shack misses estimates as fast food demand weakens, shares drop 18%

May 7 (Reuters) - Fast food chain operator Shake Shack on Thursday swung to a quarterly loss and missed revenue estimates, hurt by rising commodity costs and macroeconomic pressures on consumer spending, sending its shares down about 18% in premarket trading.
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Lyft signals strong bookings after winter storms dent first-quarter rides

Lyft signals strong bookings after winter storms dent first-quarter rides

By Akash Sriram May 7 (Reuters) - Lyft forecast second-quarter gross bookings and adjusted core profit above Wall Street estimates on Thursday, signaling resilient demand for ride-hailing services despite elevated fuel costs stemming from geopolitical tensions.
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DuPont lifts forecast as price hikes offset Iran war-driven costs

DuPont lifts forecast as price hikes offset Iran war-driven costs

By Pooja Menon May 5 (Reuters) - Industrial materials maker DuPont raised its annual profit and sales forecasts on Tuesday after beating first-quarter estimates, as price increases helped offset higher input costs driven by the U.S. and Israel's war with Iran.
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Chevron CEO says shortages in oil supply will begin appearing

Chevron CEO says shortages in oil supply will begin appearing

By Erwin Seba HOUSTON, May 4 (Reuters) - Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait of Hormuz, through which 20% of global crude supply passes.