The red hot housing market is slowing down the economy: Morning Brief

The red hot housing market is slowing down the economy: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story

DoorDash and Uber Eats Are Hot. They’re Still Not Making Money.

DoorDash and Uber Eats Are Hot. They’re Still Not Making Money.

Food-delivery companies did record-breaking business during the pandemic, as millions of homebound Americans embraced the idea of ordering dinner via smartphone apps. Their valuations skyrocketed. They acquired reams of data that helped increase their efficiency. There was just one problem: Even at the height of their success, they weren’t making any money. Now, as the