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McDonald’s and Chipotle say customers are trading down, visiting less often as inflation hits budgets

July 27, 2022

McDonald’s and Chipotle Mexican Grill are seeing customers trade down and visit less often as inflation pressures their budgets. Read More

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Pending home sales fell 20% in June versus a year earlier as mortgage rates soared

July 27, 2022

The decline in sales coincided with mortgage rates soaring to over 6% last month. Read More

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Vox Media cuts staff, slows down hiring as recession fears grow

July 27, 2022

Vox Media is laying off 39 employees in what may be a sign media companies are feeling economic pressures Read More

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Spotify pops on revenue beat, subscriber growth

July 27, 2022

Spotify shares popped more than 14% on Wednesday after the company reported second-quarter 2022 earnings that beat analyst expectations on revenue. Read More

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Indonesia’s IDEAL takes the pain out of applying for mortgages

July 27, 2022

Applying for mortgages is often a time-consuming and disorganized process, with reams of manual paperwork required. Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at […]

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Cruise hopes ramping its robotaxi service will U-turn its cash burn

July 27, 2022

Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company launched its first commercial robotaxi service in San Francisco. Cruise’s expenses hit around $550 million compared to $332 […]

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Daily Crunch: European subscription prices for Amazon Prime will increase in September 

July 27, 2022

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. What is up, you delightful beings. Today, I’ve been doing a lot of thinking about Instagram. Devin […]

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JusTalk spilled millions of user messages and locations for months

July 27, 2022

Popular messaging app JusTalk left a huge database of unencrypted private messages publicly exposed to the internet without a password for months. The messaging app has around 20 million international users, while Google Play lists JusTalk Kids, billed as a […]

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3 indicators to watch for on Ford Q2 earnings day

July 27, 2022

While much of the automotive industry has suffered a downturn due to a lack of supply to meet pent-up demand, Ford has bucked the trend. At least, in terms of sales goals so far this year. Industry wide, new vehicle […]

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This map shows the massive gas pipeline that Russia and China are building

July 27, 2022

China and Russia are in the final stages of building a pipeline that can send gas from Siberia to Shanghai. Read More

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