Shares of food delivery company Grubhub fell more than 40% on Tuesday after the company warned that increasing competition was eating into order and customer growth. And, in this article in the Wall Street Journal, the company’s CEO warned that the food delivery business, where companies including Uber Eats, Postmates, Doordash and others fight for customers, is about to become even tougher. ...
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The Electric electric vehicles
The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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