DoorDash Inks $131.5M NYC Delivery Worker Settlement
DoorDash agreed to a $131.5 million settlement with New York City resolving food delivery pay compliance issues, backed by $4.42 billion in company cash.
Stock Market
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Group 1 Automotive Inks Pact With Conifer, Expands Board
Group 1 Automotive entered a stockholder agreement with 12.7% owner Conifer Management, expanding its board to 11 and capping Conifer at 19% ownership.
NCMI Buys Captivate for $275M to Form 48,000-Screen Ad Network
National CineMedia completed its $275 million acquisition of Captivate, funded by a new Crestline first-lien term loan, uniting 48,000 screens across 185 DMAs.
AMD Reaches $1T Market Cap; Q2 Filing Shows Data Center Growth
AMD reached a reported $1 trillion market value. Its Q2 filing shows 50% revenue growth, but the valuation benchmark uses a dated share count and needs context.
Steel Dynamics Guides Q3 EPS to $5.34–$5.38; Fabrication Backlog Up Nearly 50%
Steel Dynamics guides Q3 EPS to $5.34–$5.38. Its filing says fabrication backlog is nearly 50% above the prior-year Q3 level and extends into Q1 2027.
Bessent Triples Buybacks to $6B as Bond Market Rebels
Treasury Secretary Scott Bessent tripled long-end buybacks to $6B, but the 30-year yield held near 5.32% as Trump’s $1.23T dividend pledge hit debt markets.
Oura Files for Nasdaq IPO: $1.2B Revenue, $61M Net Income
Smart-ring maker Oura files S-1 for a Nasdaq listing under ‘OURA’ — with $1.21B in 9-month revenue (+74% YoY), 5M paid members, and $61M in net income. Goldman, Morgan Stanley, JPM lead.
Jobs Blowout: 162K Hires Force Fed Rate-Hike Bets Back
US employers added 162,000 jobs in August, more than double consensus. Treasury yields ripped and September rate-cut bets flipped to potential hikes.
September FOMC Preview: Three Hawks Meet Friday’s Jobs Report
Fed dot plot lands Sept 15-16 with three July dissenters wanting hikes and the 30-year at 5.27%. Friday’s jobs report is the last read before the vote.
Delivery Hero Board Backs Uber’s $14.8B Cash Bid
Delivery Hero’s boards endorsed Uber’s EUR 41.50 per-share cash tender, a EUR 13B (~$14.8B) deal that would forge a 99-country food-delivery giant.