Wire
Street Color: Uber in Advanced Discussions to Acquire Delivery Hero, Bloomberg Reports
Street Color: Uber in Advanced Discussions to Acquire Delivery Hero, Bloomberg Reports
$UBER
Uber Technologies
$UBERNYSETechnology
87 stories mentioning Uber TechnologiesUpdated just now
Tigress Financial said Uber is evolving from ride-hailing into a diversified 'everything app' with expanding margins across its services.
Wire
Uber Said to Be in Advanced Talks to Take Over Delivery Hero, Bloomberg Reports
Uber Said to Be in Advanced Talks to Take Over Delivery Hero, Bloomberg Reports
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Wire
US Senator Blumenthal Calls on FTC to Stop Food Delivery Apps' 'Deceptive' Fees
US Senator Richard Blumenthal on Friday called on the Federal Trade Commission to stop food delivery applications from imposing allegedly "undisclosed, deceptive" fees on consumers.In a post on social media platform X, Blumenthal claimed that the said fees raise food prices by an average of 80%.The FTC did not immediately respond to' request for a comment.Price: $75.53, Change: $+1.18, Percent Change: +1.59%
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Wire
Uber Reportedly to Bar More Offenses in US Driver Background Checks
Uber Technologies (UBER) is expanding the criminal convictions that disqualify drivers and couriers from its US platform and applying the new standards retroactively, news outlets reported Friday.The policy, effective Monday, adds violent felonies, including armed robbery, aggravated assault, child abuse, strangulation and stalking, to Uber's list of disqualifying offenses, Bloomberg reported, citing an Uber spokesperson.The changes are expected to remove tens of thousands of gig workers, or about 0.5% of Uber's active US workforce, Bloomberg reported.Uber faces more than 3,000 lawsuits from passengers alleging sexual assault or harassment by drivers, the New York Times reported.Uber did not immediately respond to a request for comment from.Price: $75.50, Change: $+3.25, Percent Change: +4.49%
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US Markets
Dollar General's Core Consumer Remains Resilient Despite Inflation Pressures, Truist Says
Dollar General's (DG) core lower- and middle-income consumers are under pressure amid sticky inflation and higher gas prices, but continue to show resilience, Truist Securities said in a Wednesday note.Dollar General's consumer base continues to be steady and manage budgets despite inflation and periods of stress, Truist analyst Scot Ciccarelli said. Continued employment is a key factor driving this strength and shopping behavior, the analyst added."Most importantly, this customer is also still employed, which is the single biggest driver to shopping behavior, even as the recent drop in gas prices (if sustained) should also help at the margin," Ciccarelli wrote.Dollar General is also benefiting from "trade-in" activity from higher- and upper-middle-income shoppers, attracted by its value and convenience proposition, the brokerage said. Third-party delivery services are further expanding its reach, helping bring in more higher-income customers."While still a small part of the base, Dollar General's highest income customers are their fastest growing cohort," the note added.Dollar General remains "very comfortable" with its competitive pricing and positioning, Truist said, noting that its prices are within about 3%-5% of mass retailers like Walmart (WMT).The brokerage maintained its Hold rating and $114 price target on Dollar General.
$DASH$DG$UBER
Sectors
Sector Update: Consumer Stocks Decline Late Afternoon
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.6%.In corporate news, Carnival (CCL) is under investigation following an April data breach that compromised personal information of about 6 million people, Texas Attorney General Ken Paxton said in a statement Monday. Carnival shares fell 2.8%.Uber (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported. Separately, Uber is expected to invest a "meaningful" amount and be named as an anchor investor for Lime's IPO, The Information reported. Uber shares were down 0.3%.Lucid (LCID) shares fell 3.9% after the company said Monday it plans to cut 18% of its workforce as part of a plan to streamline its structure and boost profitability.Walt Disney's (DIS) ABC broadcast network launched an on-air commercial campaign urging viewers to submit comments to the Federal Communications Commission as the agency reviews ABC's petition regarding "The View," its daily talk show. Disney shares shed 1.7%.
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Sectors
Sector Update: Consumer
Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.5%.In corporate news, Uber (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported. Separately, Uber is expected to invest a "meaningful" amount and be named as an anchor investor for Lime's IPO, The Information reported. Uber shares were up 0.2%.
$UBER
Wire
Update: Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures
(Updates to add company's comment in the fifth paragraph)Uber Technologies (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported Monday.The complaint, filed in San Francisco federal court, alleges directors failed to address sexual abuse by drivers despite repeated warnings.The derivative lawsuit names Chief Executive Dara Khosrowshahi among the defendants and seeks to require directors to reimburse Uber for alleged breaches of fiduciary duties and violations of federal securities law.Shareholders also cited alleged oversight failures related to federal lawsuits accusing Uber of refusing to serve disabled passengers and engaging in deceptive billing and cancellation practices, the report added."This suit ignores important facts and is based on misleading, false narratives from other meritless lawsuits that we have already addressed publicly and in the courtroom," an Uber spokesperson said.(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: $72.26, Change: $+0.62, Percent Change: +0.87%
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Wire
Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures
Uber Technologies (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported Monday.The complaint, filed in San Francisco federal court, alleges directors failed to address sexual abuse by drivers despite repeated warnings.The derivative lawsuit names Chief Executive Dara Khosrowshahi among the defendants and seeks to require directors to reimburse Uber for alleged breaches of fiduciary duties and violations of federal securities law.Shareholders also cited alleged oversight failures related to federal lawsuits accusing Uber of refusing to serve disabled passengers and engaging in deceptive billing and cancellation practices, the report added.Uber did not immediately respond 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: $72.08, Change: $+0.44, Percent Change: +0.61%
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Wire
Uber Integrates Ride Booking Into Life360 App
Uber Technologies (UBER) and Life360 (LIF) have expanded their strategic partnership to allow Life360 members to book Uber rides for teenagers and other family members directly within the Life360 app, the companies said Thursday.The new integration allows users to coordinate rides for family members and track their trips using only one platform, according to a statement.The integration will be available for Life360 members in select markets on Thursday, the statement said.Price: $71.18, Change: $+0.20, Percent Change: +0.28%
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Sectors
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.
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Wire
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
Sectors
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%.
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Wire
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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Wire
Uber Technologies Considering Sale of Delivery Hero Assets to Ease Takeover, Bloomberg Reports
Uber Technologies Considering Sale of Delivery Hero Assets to Ease Takeover, Bloomberg Reports
$UBER
Wire
Street Color: Uber Technologies Weighs Delivery Hero Asset Sales, Bloomberg Reports
Street Color: Uber Technologies Weighs Delivery Hero Asset Sales, Bloomberg Reports
$UBER
Wire
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://finwires.com/en/contact)Price: $68.06, Change: $-1.51, Percent Change: -2.16%
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Wire
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%
$UBER
Wire
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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Sectors
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%.
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