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When Covid-driven closures cut deeply into sit-down business in Cheesecake Factory’s cavernous, lavish dining rooms, the 208-restaurant chain emphasized to-go orders to help buttress sales. It worked: The chain is averaging more than $3 million in to-go orders per location this year, more than double its typical amount before the crisis.
Uber Technologies Inc on Monday proposed a plan for a flexible benefits fund for app-based ride-hail and food delivery drivers in Canada under which all gig industry players would share data on workers' hours and earnings.
The Dow and the S&P 500 hit record highs on Friday and were set for a second week of gains, as Walt Disney and tech-related shares rose, with the market sentiment getting a boost from easing inflation worries and a recovery in corporate earnings.
DoorDash, Dillard's rise; Disney, Poly fall by The Associated Press Last Updated May 14, 2021 at 4:28 pm EDT NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Walt Disney Co., down $4.64 to $173.70. The entertainment giant reported lower revenue on weakness in its theme park business, and subscriber additions at its video service disappointed. DoorDash Inc., up $25.58 to $141.07. The company’s sales nearly tripled as demand remained strong for food delivery even as restaurants started to reopen for in-person dining. Airbnb Inc., up $5.45 to $141.20. D...