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Uber Eats in focus as inflation-hit consumers rethink ordering in

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Reuters UK

By Nivedita Balu (Reuters) – The food-delivery business that kept Uber Technologies’ earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due on Tuesday as decades-high inflation crimps consumer spending. The slowdown could dampen any boost from a rebound in Uber’s mainstay ride-hailing business that has been benefiting from the reopening of offices and a surge in travel globally. “Investors have written off food delivery as the next shoe to drop as consumers tighten up their wallets,” Bernstein analyst Nikhil Devnani said, pointing to t…

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