|Day's range||17.75 - 17.75|
Travel and travel booking stocks hope this year's summer travel demand can return them to their pre-pandemic growth outlooks. Scott Devitt, Wedbush Securities Managing Director of Equity Research, joins Yahoo Finance Live to break down the state of the travel industry while examining the forecast for ride-share stocks.
Uber said on Wednesday it has opened a new office with space for 1,000 additional workers in Amsterdam, where the company has its international headquarters. The U.S. ride sharing and food delivery firm said in a statement it currently employs more than a thousand workers in Amsterdam and is looking to add additional engineers. "Our new headquarters gives us space to grow in Amsterdam, as we actively recruit top tech talent in the (Dutch) capital," CEO Dara Khosrowshahi said.
Uber recently removed an Uber One perk that you may have used often. You'll no longer get a discount on eligible rides. Find out what you'll get instead.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Ford, Comerica, and Valley National Bancorp, and initiation at Uber. Citi upgraded Ford Motor (NYSE:F) to Buy from Neutral and raised its price target to $16.00 from $12.80 following the results of its 2023 Vehicle Density survey, which pointed to “a surprisingly strong density outlook, suggesting that recent auto demand resilience reflects a genuine increase in wallet share.” According to the firm, the upgrade reflects an improved risk/reward proposition due to (1) a more positive outlook on U.S. auto demand, (2) Ford's recent CMD and re-segmentation, which increase the likelihood that Ford Pro will drive improved sentiment and possibly SoP treatment, (3) potential improvements in sentiment towards electric vehicles as Ford’s Model-e unit executes towards H2 margin targets, and (4) the recognition of major opportunities in the Sw/AI-defined car sector.
Which? finds a basket of items speedily delivered by Deliveroo, Just Eat or Uber Eats can cost a third more
Which? acknowledged that ordering groceries from the apps is ‘undeniably convenient’ but warned that it found ‘shocking’ price differences.
Etsy (ETSY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The collaboration between Ford (F) and Uber marks a significant milestone in the transition toward electric ridesharing.
Uber (UBER) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
After going through a textbook technology hype cycle, the promise of autonomous vehicles has finally arrived.
Rideshare giant to limit pricing during disruptions in an area with transport minister stressing it will come ‘at no cost to taxpayers’
Uber is seeing an influx of European taxi drivers joining its platform, an executive told Reuters, a surprising development given the history of tensions between the company and the traditional taxi industry. In an interview, Uber's Anabel Diaz, who oversees the company's mobility (ride-sharing) business in EMEA, said business is strong in Europe despite lingering uncertainty about gig economy labour rules. Europe, the Middle East and Africa "are growing fairly nicely with numbers that go from 10% to more than 50% growth in some of our geographies," she said.
Alphabet's (GOOGL) Waymo joins forces with Uber to deliver an autonomous driving experience to the latter's customers.
Uber Technologies (NYSE: UBER) has managed to produce over $500 million in profits from its delivery business over the past two quarters, and there's one key driving force behind the gains. What's more, the advertising business is just getting started, with Uber committing to $1 billion in ad revenue by next year.
After a tough 2022, tech stocks have made a surprising recovery this year, paced by big tech companies and the perception that many of these stocks were oversold. Additionally, layoffs across much of the sector have also helped tech companies slim down and show greater profitability. After a long journey through the doldrums, Uber Technologies (NYSE: UBER) has made a surprising comeback.
Self-driving technology is proliferating, and that could be a threat to Uber's (NYSE: UBER) business. It doesn't have its own self-driving technology like competitors and would need to partner with someone else to compete, which may put the company at a big disadvantage.
Lyft may be reaching for a higher gear in the driverless race. The company is seeking to patent a method for matching autonomous...
After giving up on its own autonomous driving technology years ago, Uber (NYSE: UBER) is now partnering with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Waymo to bring autonomous vehicles to Phoenix, Arizona.
There was another changing of the guard in 1995, when industrial conglomerate General Electric became the first-ever $100 billion company. In 2018, Apple (NASDAQ: AAPL) was the first to amass $1 trillion in value, and it has since been joined by Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG).
NEW DELHI/BENGALURU (Reuters) -Ride-hailing platform Uber Technologies is stepping up its efforts to go green in India by introducing more electric vehicles, partnering with fleet operators, boosting financing options and giving its users the option to hire electric vehicles while booking their ride. As part of the launch of Uber Green in June, it will add 25,000 electric cars on its platform in partnership with fleet providers like Lithium, Everest and Moove, the company said on Wednesday. The move comes as a new entrant BluSmart, an electric mobility start-up backed by BP's venture fund, is chipping away at the dominance of Uber and SoftBank-backed Ola with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents.
To keep dreaming its self-driving dream, Uber is entering into a new relationship with an old adversary. Uber and Waymo, the autonomous driving...
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Google-owned Waymo on Tuesday said it will put its self-driving car technology to work for Uber in a partnership between the one-time rivals.Uber sold its autonomous car division in 2020 to Aurora in a deal that gave the ride-hailing giant a stake in the startup developing self-driving technology, the companies said at the time.
Uber Technologies Inc will offer driverless cars on its ride-hailing and food delivery platform later this year through a partnership with Alphabet Inc's Waymo, the companies said. Uber customers will be able to use a set number of Waymo's driverless vehicles for rides and deliveries within a 180 square mile area in Phoenix, Arizona, they said in a blog on Tuesday. Uber's wide network will give Waymo, which also operates in San Francisco and is looking to expand to Los Angeles, "an opportunity to reach even more people," Waymo's co-CEO Tekedra Mawakana said.
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