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Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Reuters14d agoneutral
Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings ‌growth and reaffirming plans to invest heavily in robotaxis and acquisitions. The global ‌ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8-billion ​deal for Delivery Hero last month, which it plans to fund with existing liquidity and debt. The company on Wednesday also outlined plans to spend more than $10 billion on autonomous vehicles over the coming years, but did not provide a specific ‌timeline.

Bloomberg14d 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

Disney's strong quarter driven by 'Toy Story 5' and the draw of its US theme parks
Associated Press14d agoneutral
Disney's strong quarter driven by 'Toy Story 5' and the draw of its US theme parks

Disney managed a solid showing in its third quarter, bolstered by movies like “Toy Story 5” and ongoing strength from its U.S. theme parks that helped to offset continued weakness from international tourism. Disney also announced a global short-form content sharing deal with TikTok on Wednesday. The agreement will bring Disney-focused fan-created content from TikTok to the Disney+ app.

Samsung and SK Hynix evaluate Chinese chip equipment as U.S. restrictions remain a concern
InvestorsHub14d agoneutral
Samsung and SK Hynix evaluate Chinese chip equipment as U.S. restrictions remain a concern

Samsung Electronics (USOTC:SSNHZ) and SK Hynix (NASDAQ:SKHY) have been testing semiconductor manufacturing equipment supplied by China’s Advanced Micro-Fabrication Equipment (AMEC) at their production facilities in China, according to a Reuters report citing sources familiar with the matter. Shares of both South Korean chipmakers moved higher following the report, with SK Hynix rising 4.

Wayfair Sees Recovery in U.S. Furniture Demand; SpaceX Is Eyeing $1 Trillion in Revenue; P&G’s $3.8 Billion Bet
The Wall Street Journal14d agoneutral
Wayfair Sees Recovery in U.S. Furniture Demand; SpaceX Is Eyeing $1 Trillion in Revenue; P&G’s $3.8 Billion Bet

Wayfair CFO Kate Gulliver on signs of a rebound in the U.S.; Elon Musk outlined ambitious targets for SpaceX following its first-ever earnings report; Procter & Gamble will buy supplement company Thorne; plus, Portillo’s hires new CFO. Furniture and home improvement companies often offer good indicators for how the U.S. economy is performing, as those businesses reflect the sentiment of consumers and key discretionary spending behavior for items such as sofas, tables and decor.

CVS Health (NYSE:CVS) Reports Bullish Q2 CY2026
StockStory14d agoneutral
CVS Health (NYSE:CVS) Reports Bullish Q2 CY2026

Diversified healthcare company CVS Health (NYSE:CVS) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 7.3% year on year to $106.1 billion. Its non-GAAP profit of $2.58 per share was 39.4% above analysts’ consensus estimates.

Morning Bid: Outer SpaceX
Reuters14d agoneutral
Morning Bid: Outer SpaceX

August 5 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets For all the doubts and handwringing, the S&P; 500 and Dow Jones are back at record highs after surging on Tuesday amid falling oil prices and the bumper earnings season.

📈 Earnings Snippet: Disney
The Wall Street Journal14d agoneutral
📈 Earnings Snippet: Disney

Disney's revenue rose 7% to $25.2 billion in the third fiscal quarter. An increase in theme park revenue and the huge box office performance of “Toy Story 5” drove the result. Disney shares jumped premarket.