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57 stories mentioning UBER

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Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In corporate news, Target (TGT) is showing early signs of a potential multiyear turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery. UBS has a buy rating on the stock and a price target of $144. Target shares climbed 2.1%.Lennar (LEN) shares fell 4.3% after the homebuilder issued a fiscal Q3 delivery outlook below market estimates, while its revenue trailed expectations in the previous three-month period amid persistent housing market headwinds.Uber (UBER) is contacting parties interested in Delivery Hero's regional businesses as it seeks regulatory approval for its planned takeover of the German food delivery company, Bloomberg reported. Uber shares were down 1.5%.Pilgrim's Pride (PPC) shares added 1.5% after it said Friday it is investing $75 million to expand and overhaul its poultry facility in Ellijay, Georgia.

$LEN$PPC$TGT$UBER

Wire2d ago

Uber Evolving Into 'Everything App' With Expanding Margins, Tigress Says

Uber Technologies (UBER) is evolving into a "diversified everything app" from predominantly a ride-hailing service, with growing margins, Tigress Financial Partners said Friday.The company has expanded its network of ride-hailing and delivery services, ventured into "platform adjacencies" that offer high margins, and pursued capital-light partnerships with autonomous and electric vehicle manufacturers, Tigress Director of Research Ivan Feinseth said in a note to clients.The brokerage noted Uber's partnerships and collaborations with major players such as Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Waymo, Mobileye Global (MBLY), Rivian Automotive, (RIVN), Lucid Group (LCID) and Expedia Group (EXPE)."Uber is turning its scaled mobility and delivery networks, high-margin platform adjacencies, combined with its capital-light, (artificial intelligence-driven) AV/EV and travel partnerships, into a diversified everything app with expanding margins and long-term compounding potential," Feinseth said.Last month, Uber issued a bookings growth outlook that surpassed Wall Street's estimates, while its first-quarter profit grew year over year."Uber's pivot from subsidized growth to disciplined, self-funded expansion has driven (earnings before interest, taxes, depreciation, amortization, and restructuring) and free cash flow growth ahead of revenue, inflecting (return on capital) from negative levels in 2021 to meaningfully above its cost of capital, and positioning it for compound economic profit through continued reinvestment, share repurchases, and selective (mergers and acquisitions)," Feinseth said Friday.Tigress raised its price target on the Uber stock to $115 from $110 while reiterating its buy rating."We believe further upside in the shares exists, and our 12-month target price of $115 represents a potential return of close to 65% from current levels," Feinseth wrote.The company's shares were down 2% in Friday afternoon trade. So far this year, the stock has lost nearly 17% in value.Price: $68.15, Change: $-1.40, Percent Change: -2.01%

$EXPE$GOOG$GOOGL$LCID$MBLY$NVDA$RIVN$UBER

Sectors2d ago

Sector Update: Consumer Stocks Mixed Friday Afternoon

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In corporate news, Lennar (LEN) shares fell 4.5% after the homebuilder issued a fiscal Q3 delivery outlook below market estimates, while its revenue trailed expectations in the previous three-month period amid persistent housing market headwinds.Uber (UBER) is contacting parties interested in Delivery Hero's regional businesses as it seeks regulatory approval for its planned takeover of the German food delivery company, Bloomberg reported. Uber shares were down 2.2%.General Motors (GM) was awarded a $623.8 million firm-fixed-price Army contract for infantry squad vehicles and winch kits, the US Department of Defense said Thursday. GM shares rose 0.8%.

$GM$LEN$UBER

Wire3d ago

Market Chatter: Uber Explores Delivery Hero Asset Sales to Ease Takeover Approval

Uber Technologies (UBER) is contacting parties interested in Delivery Hero's regional businesses as it seeks regulatory approval for its planned takeover of the German food delivery company, Bloomberg reported Friday, citing people with knowledge of the matter.Uber has reached out to companies that may buy Delivery Hero assets in overlapping regions in Latin America, Asia and Europe, the report said.Uber didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $68.20, Change: $-1.35, Percent Change: -1.94%

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Wire3d ago

Uber Technologies Considering Sale of Delivery Hero Assets to Ease Takeover, Bloomberg Reports

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Wire3d ago

Street Color: Uber Technologies Weighs Delivery Hero Asset Sales, Bloomberg Reports

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Wire3d ago

Tigress Financial Raises Price Target on Uber Technologies to $115 From $110, Maintains Buy Rating

Uber Technologies (UBER) has an average rating of buy and mean price target of $104.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $68.06, Change: $-1.51, Percent Change: -2.16%

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Wire4d ago

Update: Uber Sues New York City Over Law Restricting Driver Deactivations

(Updates with statement from Uber in fourth paragraph.)Uber Technologies (UBER) has sued New York City to block a new law that it says violates its constitutional rights by limiting its ability to deactivate drivers under its standards and policies, according to a complaint filed Tuesday in the US District Court for the Southern District of New York.New York City's Local Law 52 of 2026 on "wrongful deactivations," which takes effect on July 28, would "force Uber to keep drivers on its platform even if Uber has determined that they have violated its standards, agreements, and policies," according to the complaint. The company is seeking preliminary and permanent injunctive relief to block the law.Uber said in the complaint that if the law takes effect, it would "impair Uber's contracts, compel the communication and disclosure of sensitive and protected information that Uber would not otherwise provide," and could lead to reputational harm and loss of business and goodwill.An Uber spokesperson toldthat the legal action aims to block a "reckless" new law that would limit the company's ability to immediately remove potentially dangerous drivers and fraudsters from its platform, calling it an "immediate threat to public safety."Price: $69.15, Change: $-1.24, Percent Change: -1.75%

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Wire4d ago

Uber Sues New York City Over Law Restricting Driver Deactivations

Uber Technologies (UBER) has sued New York City to block a new law that it says violates its constitutional rights by limiting its ability to deactivate drivers under its standards and policies, according to a complaint filed Tuesday in the US District Court for the Southern District of New York.New York City's Local Law 52 of 2026 on "wrongful deactivations," which takes effect on July 28, would "force Uber to keep drivers on its platform even if Uber has determined that they have violated its standards, agreements, and policies," according to the complaint. The company is seeking preliminary and permanent injunctive relief to block the law.Uber said in the complaint that if the law takes effect, it would "impair Uber's contracts, compel the communication and disclosure of sensitive and protected information that Uber would not otherwise provide," and could lead to reputational harm and loss of business and goodwill.Uber did not immediately reply to a request for comment from.Price: $69.45, Change: $-0.93, Percent Change: -1.32%

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Sectors6d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.7%.In corporate news, Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 1%.Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Its shares declined 1.2%.Ingredion (INGR) has launched an all-cash tender offer to buy Tate & Lyle, valuing the specialty ingredients company at about 3.7 billion British pounds ($5 billion). Ingredion shares were up 0.2%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Uber shares fell 0.6%.

$CPB$INGR$UBER$WMT

Sectors6d ago

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.6%.In corporate news, Campbell's (CPB) reaffirmed its full-year outlook as it reported fiscal Q3 earnings above consensus, but sales fell short of expectations. Shares were down 0.8%.Walmart (WMT) stands to gain a competitive edge through its potential collaborations with fast-food chains and other businesses in the quick service restaurant industry, RBC said in a note. Separately, Walmart told employees that AI is intended to enhance their work rather than replace them as the retailer expands the use of the technology across its business, the Financial Times reported. Walmart shares rose 0.6%.Uber's (UBER) efforts to buy Delivery Hero could face a new hurdle as Saudi Arabia-based startup Ninja is considering a bid for some of the German food delivery firm's Middle East assets, the Financial Times reported. Shares fell 0.5%.

$CPB$UBER$WMT

Wire6d ago

Update: Market Chatter: Uber's Delivery Hero Pursuit Faces Challenge From Saudi Startup

(Update with Delivery Hero's response to a request for comment fromin the last paragraph.)Uber Technologies' (UBER) efforts to acquire Delivery Hero could face a new hurdle as Saudi Arabia-based quick-commerce startup Ninja is considering a bid for some of the German food delivery company's Middle East assets, the Financial Times reported Monday, citing people familiar with the matter.Ninja is initially focused on acquiring Delivery Hero's Saudi subsidiary HungerStation and could submit a proposal to the company's board as early as this week. The startup is also exploring a partnership with another group to acquire parts of Talabat, the Dubai-based food-delivery platform, the people said, according to the report.Some Delivery Hero shareholders would support offers of around 10 billion euros ($11.5 billion) for the two assets, with Talabat accounting for most of that value, the report said. Such a deal could complicate Uber's takeover ambitions, given that the US ride-hailing company recently valued Delivery Hero at roughly 12 billion euros.Delivery Hero declined to comment, while Uber didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $70.48, Change: $-0.23, Percent Change: -0.33%

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Wire6d ago

Update: Market Chatter: Uber Technologies Opens Waitlist for Wayve Robotaxis Ahead of UK Launch

(Updates with Wayve's statement in fifth paragraph.)Uber Technologies (UBER) has established a waitlist for customers interested in trying a Wayve Technologies robotaxi in London ahead of a planned commercial launch in the UK this year, Bloomberg reported Monday, citing a statement from Uber.UK users will be able to join the "interest list" through the Uber app and raise their chances of being matched with a robotaxi once the service starts, according to the report.Uber did not give a timeline for the service launch, the report said.The autonomous vehicles will use software and systems developed by Wayve and initially be supervised by a human operator, the UK-based autonomous vehicle firm told Bloomberg.In an emailed statement to, Wayve confirmed that it was preparing to launch autonomous rides on Uber after years of testing its technology in London. "This marks the beginning of Wayve's global rollout and an important milestone in bringing safer, more accessible, and more convenient transportation to cities around the world, starting in London," Wayve said.Uber did not immediately reply to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $70.46, Change: $-0.25, Percent Change: -0.35%

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Wire7d ago

Market Chatter: Uber's Delivery Hero Pursuit Faces Challenge From Saudi Startup

Uber Technologies' (UBER) efforts to acquire Delivery Hero could face a new hurdle as Saudi Arabia-based quick-commerce startup Ninja is considering a bid for some of the German food delivery company's Middle East assets, the Financial Times reported Monday, citing people familiar with the matter.Ninja is initially focused on acquiring Delivery Hero's Saudi subsidiary HungerStation and could submit a proposal to the company's board as early as this week. The startup is also exploring a partnership with another group to acquire parts of Talabat, the Dubai-based food-delivery platform, the people said, according to the report.Some Delivery Hero shareholders would support offers of around 10 billion euros ($11.5 billion) for the two assets, with Talabat accounting for most of that value, the report said. Such a deal could complicate Uber's takeover ambitions, given that the US ride-hailing company recently valued Delivery Hero at roughly 12 billion euros.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $70.28, Change: $-0.43, Percent Change: -0.61%

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Wire7d ago

Uber's Delivery Hero Pursuit Faces Challenge From Saudi Startup, Financial Times Reports

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Wire10d ago

Arete Adjusts Price Target on Uber Technologies to $119 From $120, Maintains Buy Rating

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Wire10d ago

Market Chatter: General Motors Rehires Over 100 Former Cruise Team Members

General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported Thursday, citing Rashed Haq, GM's vice president of autonomous vehicles.The hiring spree, which also includes workers hired away from Nvidia (NVDA), Uber Technologies (UBER) and Amazon's (AMZN) Zoox, reflects the company's move toward self-driving cars for consumers' personal use and away from the driverless ride-hailing business, Haq said, according to the report.The reconstituted group's first project will be an electric Cadillac that allows the driver to operate the car on highways while not touching the wheel or watching the road, the report said. GM plans to release it in 2028, with additional models to follow, the report added.GM didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $83.50, Change: $+1.80, Percent Change: +2.20%

$AMZN$GM$NVDA$UBER

Sectors12d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week.In corporate news, Uber (UBER) has placed usage caps on some AI-powered coding tools used by its staff to control costs after the company exceeded its AI budget earlier this year, Bloomberg reported. Uber shares were down 3.2%.Dollar General (DG) raised its full-year earnings outlook on Tuesday, while the discount retailer's fiscal Q1 bottom line topped estimates but revenue missed expectations. Its shares fell 3.5%.Victoria's Secret (VSXY) shares soared 47% after the lingerie retailer raised its full-year sales and earnings guidance.Signet Jewelers (SIG) raised its full-year guidance on Tuesday after posting fiscal Q1 results that topped Wall Street expectations, citing stronger holiday performance and early second-quarter momentum. Its shares rose 4%.

$DG$SIG$UBER$VSXY

Sectors12d ago

Sector Update: Consumer

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Uber (UBER) has placed usage caps on some AI-powered coding tools used by its staff to control costs after the company exceeded its AI budget earlier this year, Bloomberg reported. Uber shares were down 3%.

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Wire12d ago

Market Chatter: Uber Limits Staff Use of AI Tools to Cut Costs

Uber Technologies (UBER) has placed usage caps on some AI-powered coding tools used by its staff to control costs after the company exceeded its AI budget earlier this year, Bloomberg reported Tuesday, citing a company spokesperson.All Uber employees are limited to $1,500 per month in token spending per AI coding tool, the spokesperson reportedly told Bloomberg.Uber didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $71.75, Change: $-2.02, Percent Change: -2.74%

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