News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
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...
Company links layoffs to AI efficiency for the first time while continuing to hire for robotaxi engineering roles.
The funding for Travis Kalanick's Atoms was led by Andreessen Horowitz and included support from Uber, Kalanick's previous venture.
Company targets customer service costs after slowing hiring
Uber Trims Workforce Again as AI Takes a Bigger Role
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
(Bloomberg) -- New Jersey Transit, the much-maligned rail system linking the state with New York City, emerged as a surprise winner in this year’s FIFA World Cup. But it came at a significant cost. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending
(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Le
Billionaire investor Bill Ackman believes the market’s anxiety over Tesla Inc.‘s upcoming autonomous fleet has severely mispriced Uber Technologies Inc., creating a highly lucrative entry point for investors. Rather than spelling the end for the ride-hailing giant, Ackman argues that...
(Bloomberg) -- Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to
Uber Technologies (UBER) concluded the recent trading session at $70.33, signifying a -1.71% move from its prior day's close.
Among the equity partners in the round are Bain Capital, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel and Alpha Square Group — as well as Uber, the ride-hailing giant Kalanick co-founded and was forced to exit in 2017.
Sunteck Realty Ltd (BOM:512179) reports robust financial performance with a 20% increase in pre-sales and a 40% rise in EBITDA, despite uncertainties in project launches.
Uber is also investing in Travis Kalanick's company Atoms, which has made gauzy claims about using industrial AI to modernize the world.
Morgan Stanley‘s (NYSE: MS) economics team just took its projection for artificial intelligence capital spending significantly higher, and the leakage math behind the headline number has become the more important story for US investors. On a recent episode of the firm’s Thoughts on the Market podcast titled “AI Spending: A New Engine for the Global ... Morgan Stanley: AI Spending Could Hit $1.4 Trillion by 2028, But 60% Leaves the US
(Updates with Uber's response in the fifth paragraph.) Uber Technologies (UBER) and Lyft (LYFT)
Uber Technologies (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge
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.
Four of the sharpest hedge fund managers on the planet just stacked their portfolios into the same three stocks, and the reasons behind that rare convergence reveal something unusual about where the biggest money sees opportunity right now.
Event overview and why Uber Technologies stock is in focus Uber Technologies (UBER) is back in the spotlight after agreeing to acquire Delivery Hero in a deal valuing the German company at about €13b, alongside a separate plan to divest overlapping delivery operations. The business combination is set to extend Uber’s delivery footprint to 99 markets worldwide, while overlapping Delivery Hero businesses in 14 markets are earmarked for sale to investment firm SSW Partners to support regulatory...
AI does not appear to be boosting productivity, analysts at Barclays have said.
DPZ's growth rests on aggregators, carryout, loyalty, technology and scale, though weak sales and estimate pressure cloud the near-term outlook.
DPZ's order growth, expanding digital reach and global store openings support its outlook, but ticket pressure, promotions and costs cloud visibility.
Kofi Asante is on a mission to “democratize access to clean energy.
SERV is prioritizing fleet efficiency and recurring revenue growth as it works to strengthen the long-term autonomous delivery business.
Expedia Group will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Partnerships with Uber Eats and DoorDash are bringing in more new customers than the chain would have gained otherwise.