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Bloomberg6d agoneutral
Uber Gives In-Line Outlook, Says Brazil Rivals Hurt Trips Growth

(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families

Bloomberg7d agoneutral
Polymarket Seeks More Than $20 Billion Valuation in Funding Round

(Bloomberg) -- Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundChina’s AI Blitz Creates ‘Death Zone’ for Riv

Bloomberg7d agoneutral
Uber’s Robotaxi Ambition to Face Scrutiny as Shares Languish

(Bloomberg) -- The breakdown of Uber Technologies Inc.’s robotaxi partnership with Alphabet Inc.’s Waymo is looming large over the ride-hailing giant’s quarterly results, as investors grow anxious about the stock that has lagged the broader market this year. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders

Jobs Numbers, SpaceX Earnings: What to Watch This Week
The Wall Street Journal8d agoneutral
Jobs Numbers, SpaceX Earnings: What to Watch This Week

The monthly jobs report comes out Friday. Before that, Elon Musk’s SpaceX will post its first earnings report as a listed company. Also reporting: Walt Disney; tech companies Palantir and Advanced Micro Devices; ride-sharing firms Uber and Lyft; private-equity firms Apollo, Carlyle and TPG; and fast-food chains McDonald's and Wendy’s.

2 Value Stocks to Target This Week and 1 We Brush Off
StockStory14d agoneutral
2 Value Stocks to Target This Week and 1 We Brush Off

The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer. However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.

Baidu (NasdaqGS:BIDU) Starts London Robotaxi Tests And Wins Hong Kong Driverless Permit
Simply Wall St.14d agobullish
Baidu (NasdaqGS:BIDU) Starts London Robotaxi Tests And Wins Hong Kong Driverless Permit

Baidu's Apollo Go unit and Freenow by Lyft have started autonomous vehicle testing on public roads in London. The partners have also secured a fully driverless trial permit in Hong Kong for right hand drive robotaxis. These trials mark the first right hand drive fully driverless program globally and extend Baidu's autonomous ridehailing reach beyond mainland China. Baidu, listed as NasdaqGS:BIDU, is pushing deeper into autonomous ridehailing as its stock trades around $105.29. The company...

Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble
Benzinga15d agobearish
Lyft Stock Is Down More Than 26% This Year—Now a Short Seller Warns the Uber Rival Could Be in Deep Trouble

Lyft Inc. (NASDAQ:LYFT) reportedly faces multi-billion-dollar liabilities from its legal challenges due to alleged sexual assault claims, according to short-seller Bleecker Street Research, which announced that it was shorting the ride-hailing company. Lyft Faces Thousands of Cases According to the short-seller’s research report released on Thursday, Lyft faces an estimated $1.3 billion to $2.7 billion in potential exposure stemming from consolidated rideshare sexual assault litigation. Bleecker

3 Reasons LYFT Has Explosive Upside Potential
StockStory18d agoneutral
3 Reasons LYFT Has Explosive Upside Potential

Over the past six months, Lyft’s shares (currently trading at $14.64) have posted a disappointing 18.2% loss, well below the S&P 500’s 8.6% gain. This may have investors wondering how to approach the situation.

Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law
Simply Wall St.19d agobullish
Uber (UBER) Wins Court Injunction Over New York Driver Deactivation Law

A U.S. District Judge granted Uber and Lyft an injunction against a New York City law on driver deactivations. The ruling temporarily blocks new rules that would have limited how the platforms can remove drivers from their apps. The decision affects Uber Technologies' flexibility in managing driver relations and safety policies in a key market. For investors following Uber Technologies (NYSE:UBER), this legal ruling relates directly to how the company runs its core ride hailing business in...

Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI
24/7 Wall St.19d agoneutral
Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

A new Government Accountability Office report commissioned by Sen. Bernie Sanders finds the number of Amazon (NASDAQ:AMZN) workers relying on federal food and health assistance has nearly tripled since 2020, even as the company disclosed plans to spend $200 billion on artificial intelligence infrastructure in 2026. The GAO reviewed enrollment data from 11 states representing ... Amazon Workers on Food Stamps Nearly Tripled, While Company Spends $200 Billion on AI

Uber, Lyft win court block on NYC law requiring notice before firing drivers
Reuters20d agoneutral
Uber, Lyft win court block on NYC law requiring notice before firing drivers

July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps ‌without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory ‌Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits ​a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.

Lyft (LYFT) Expands Curb Partnership To Bring New York City Taxis Into Its App
Simply Wall St.20d agobullish
Lyft (LYFT) Expands Curb Partnership To Bring New York City Taxis Into Its App

Lyft has expanded its partnership with Curb to integrate New York City taxis into the Lyft app. The integration gives Lyft users access to thousands of licensed NYC taxis directly through the app. This rollout follows earlier integrations in Los Angeles and San Francisco. For investors watching Lyft, ticker NasdaqGS:LYFT, the New York City taxi integration arrives as the stock trades around $15.19. The share price sits against a mixed performance backdrop, with the stock down 23.2% year to...

2 Small-Cap Stocks Worth Investigating and 1 We Brush Off
StockStory21d agoneutral
2 Small-Cap Stocks Worth Investigating and 1 We Brush Off

Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.