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The Latest Breaking News from Instacart

Intel Spinoff Mobileye Prices Its IPO Above The Expected Range

INTC stock edged down Wednesday as the company spun off Mobileye in an initial public offering that priced above the expected range.

Investors Business Daily

Mobileye IPO Would Value Self-Driving Car Company At $16 Billion

Intel stock edged up Monday, as it gets ready to spin off its self-driving tech company Mobileye, which could raise $820 million.

Investors Business Daily

In A Down Year For IPOs, The Valuation Of Intel's Mobileye Gets Slashed

Intel's initial public offering for its self-driving technology unit Mobileye values the company at less than a third of previous estimates.

Investors Business Daily

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Instacart to pay $46.5M in San Diego gig worker case

Instacart agreed to pay $46.5 million to settle a 2019 lawsuit filed by the city of San Diego that claimed the company misclassified workers, city attorney Mara Elliott said Monday.

Tribune News Service

Food banks turn to DoorDash and Amazon to reach people in need

In 2021, 10% of U.S. households experienced food insecurity, according to a USDA report.

Axios

Porsche and Instacart are planning blockbuster IPOs

The IPO market is currently favoring buyers, which could benefit the companies' major shareholders.

Axios

2 Home Improvement Stocks You Could Buy Instead of Bed Bath & Beyond

Rising demand due to evolving work models and an increase in consumer spending should bolster the home improvement industry’s growth. Retail giant Bed Bath & Beyond (BBBY) has been gaining amid the return of the meme frenzy. However, the company has recently announced several store closures and layoffs, which is…

StockNews.com

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Top Financial Stories Thursday, September 08: Amazon Slows Down Hiring, Netflix Focuses On Cost Cutting, iPhone 14 Will Be Available In Russia And More…

Reuters

Benzinga

Walmart’s online grocery lead on Amazon and Instacart is strengthening

Walmart holds a comfortable lead as the largest online U.S. grocer, according to the new national e-commerce forecast from Insider Intelligence, but there’s a fierce battle for No. 2 between Amazon and Instacart.

Tribune News Service

Chloe Fineman’s MTV VMAs dress was filled with snacks

The avante-gard dress was designed by threeasFOUR

The Independent UK

Kroger opens new warehouse in Maywood to expand delivery service

Customers will receive groceries directly from the Kroger warehouse when they order from the Mariano’s website, instead of only having third-party delivery options such as Instacart or Shipt.

Chicago Sun-Times

Food pantry for Disney employees still fights hunger as donations fall

Hit with a hefty dental bill, a Disney employee faced the choice of paying it or buying groceries.

Orlando Sentinel

Demand for grocery delivery cools as food costs rise

U.S. demand for grocery delivery is cooling as food prices rise

The Independent UK

The Growing World of Weed Delivery Services

Getting high (where it's legal) just got a whole lot easier.

The Street

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Benzinga

How Walmart And Instacart Innovated Retail Media To Beat Competitors

It’s no secret that Amazon's (NASDAQ: AMZN) ad business has been successful, driving $31 bil

Miami Herald

Is that a Walmart worker in my house stocking my fridge? What’s that all about?

If the pandemic has taught us nothing else, Americans have apparently taken to the idea of home grocery deliveries.

The Independent UK

Kylie Jenner accuses Instacart driver of ‘lying’ after he claimed he heard her son crying at home

‘The lying for attention rubs me the wrong way,’ the reality TV star said on TikTok.

Daily Mirror

Kylie Jenner slams delivery driver for 'lying' about her son crying and giving a bad tip

Kylie Jenner ordered some pepperoni to be delivered to house and the alleged delivery driver took to TikTok to share details of his experience

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Ballotpedia

Massachusetts Supreme Court disqualifies app-based drivers initiative from November ballot

On June 14, the Massachusetts Supreme Court issued a ruling disqualifying the app-based drivers initiative backed by Lyft, Instacart, DoorDash, and Uber, from the November ballot.

The Guardian - US

As Phoenix swelters, the nights are even worse than the boiling days

Temperature topped 110F on four consecutive days and has not fallen below 80F at night-time for the past week in the Arizona city, breaking several records

The Street

Instacart Filtering Out Customers Who Rate Products Below Five Stars

The platform has new plans for hard-to-please customers.

Tribune News Service

Seattle City Council to consider ‘Pay Up’ measures to address gig worker pay, rights

SEATTLE — Since 2017, Jay Reeves has been working as a delivery driver for either Postmates or DoorDash, working, at times, seven days a week.

Investors Business Daily

Instacart IPO Has Potential To Kick-Start A Battered Market

The Instacart IPO, submitted as a confidential filing, could provide a much-needed boost for initial public offerings.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Instacart Confidentially Files For US IPO

Grocery delivery platform Instacart has confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC. The company was valued at $39 billion in March 2021, but the valuation got slashed by 40% to $24 billion due to technology stocks’ sell off in 2022, CNBC reported. The company got a major boost during…

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