FINWIRES · TerminalLIVE
FINWIRES
Uber Technologies

Uber Technologies

$UBER
NYSETechnology

139 stories mentioning Uber TechnologiesUpdated 2d ago

Tigress Financial said Uber is evolving from ride-hailing into a diversified 'everything app' with expanding margins across its services.

What are analysts saying about Uber Technologies?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on Uber Technologies?

Uber to Cut Workforce by 10% to Reduce Management Layers, Simplify Teams
US Markets

Uber to Cut Workforce by 10% to Reduce Management Layers, Simplify Teams

Uber Technologies (UBER) is reducing its workforce by about 10% as part of restructuring effors aimed at removing management layers and reducing "complexity" across the business.The ride-hailing company will remove 50% of microteams that had one or two reports and cut back employees who are more than seven layers from the chief executive by 20%, CEO Dara Khosrowshahi said in an internal email published online Wednesday."We will be reducing the size of our team by about 10%," Khosrowshahi wrote. Uber's growth in the last five years has resulted in "more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale."The company had about 34,000 employees globally as of Dec. 31, 2025, according to Uber's latest annual report.As part of the restructuring, Uber is consolidating key business units to avoid duplication and slow decision-making, including integrating delivery operations teams for restaurants, retail and direct into a single unit, as well as combining its core services engineering and science teams."A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating," Khosrowshahi said. "It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years."In June, the company slashed 23% of staff in its people division, cutting its total workforce by "well under 1%," CNBC reported, citing an Uber spokesperson.Last month, Uber reported second-quarter revenue short of Wall Street's estimates and provided soft bookings guidance for the third quarter, with the midpoint below the consensus estimate.Uber shares were up 1.3% Wednesday morning and are down by about 7.3% this year.Price: $75.96, Change: $+0.72, Percent Change: +0.95%

$UBER
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as Global Bond Yields Continue Rising

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Wednesday as traders observed global bond yields continuing to increase amid inflation concerns.Dow Jones Industrial Average futures were 0.2% higher, but S&P 500 futures were up 0.1%, and Nasdaq futures were down 0.1%.The US 10-year Treasury note yield reached a high of 4.814%, while borrowing costs in the UK, Germany and France also increased.US Central Command said in a post on X that US forces completed a wave of strikes against Iranian military targets on Tuesday. Iran attacked US allies Kuwait and Bahrain in response.President Donald Trump said he was not trying to force Iran back into negotiations. "I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," Trump said in a post on Truth Social.Broadcom (AVGO) is scheduled to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.22 per share on revenue of $29.24 billion.Oil prices are lower, with front-month global benchmark North Sea Brent crude down 0.4% at $94.29 per barrel and US West Texas Intermediate crude 0.7% lower at $89.55 per barrel.ADP's national employment report showed that private sector employment increased by 38,000 in August, below expectations for a 47,000 gain in a survey compiled by Bloomberg.July factory orders, due at 10 am ET, are expected to have gained 0.7%, compared with a decline of 0.3% previously. The Fed's Beige Book report will be released at 2:00 pm ET.In other world markets, Japan's Nikkei closed 2.9% lower, Hong Kong's Hang Seng ended 0.1% lower, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Dell Technologies (DELL) stock rose 8.8% after the company posted higher fiscal Q2 adjusted earnings and revenue in addition to lifting its full-year guidance. Uber Technologies (UBER) shares were up 1.9% after Chief Executive Dara Khosrowshahi said in an email to employees that the company is laying off roughly 10% of its workforce as part of a restructuring effort. Hewlett Packard Enterprise (HPE) stock was 4.4% higher after Tottenham Hotspur Football Club said it has expanded its partnership with the company to modernize the technology infrastructure for the club's stadium, including hybrid cloud, networking and artificial intelligence-driven operations.On the losing side, Palantir Technologies (PLTR) shares fell 1.7% after former Ukrainian Defense Minister Mykhailo Fedorov said Tuesday in a post on X that Chief Executive Alex Karp will become the first lead investor in his defense tech startup. Manulife Financial (MFC) stock was 3.7% lower after company said Tuesday it priced a $750 million public offering in the US of 6.146% subordinated notes due 2041.

Dow JonesNasdaq CompositeS&P 500$AVGO$DELL$HPE$MFC$PLTR$UBER
Wire

Uber to Cut About 3,300 Jobs in Restructuring

Uber Technologies (UBER) is laying off roughly 10% of its workforce as part of a restructuring effort to simplify team structures, remove management layers and reduce roles primarily focused on coordination, Chief Executive Dara Khosrowshahi said in an email to employees Wednesday."I realize this is a lot of change, but we decided it was better to make one big shift rather than multiple small ones," Khosrowshahi wrote.The layoffs include reducing roles that are focused on coordination, and clarifying the responsibilities of coordination roles that remain.Shares of Uber were up 2% pre-bell.

$UBER
Research

Rosenblatt Securities Initiates Uber Technologies at Buy With $100 Price Target

Uber Technologies (UBER) has an average rating of buy and mean price target of $102.53, according to analysts polled by FactSet.

$UBER
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as Traders Weigh Inflation Data, Await Nvidia Results

(Updates with economic data, recent oil price changes, world markets' overview, and corporate stock movements.)US equity futures were mostly flat pre-bell Wednesday as traders awaited a key inflation report and AI bellwether Nvidia's (NVDA) financial results.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were flat, and Nasdaq futures were 0.2% lower.President Donald Trump said that the US Navy has told him that all mines have been removed or detonated within the Strait of Hormuz. "There is a Zero Tolerance policy on mine placement in full force and effect," Trump said in a post on Truth Social.Nvidia is expected to report its fiscal Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $2.09 per share on revenue of $92.27 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $85.25 per barrel and US West Texas Intermediate crude 2.5% lower at $80.27 per barrel.The July core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, increased to 0.2% from a pace of 0.1% in the prior month and the expected 0.2% gain in estimates compiled by Bloomberg. Durable goods new orders rose 1.1% in July after a 0.5% gain in the prior month, compared with expectations for a 0.5% increase.Personal income rose by 0.4% in July following June's 0.2% gain, larger than the expected 0.2% gain. The second estimate for Q2 GDP came in at 1.5%, unchanged from the advance print and meeting expectations.Federal Reserve Richmond President Thomas Barkin is slated to speak on Wednesday.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.6% higher, and China's Shanghai Composite finished 0.6% higher. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, Intuit (INTU) shares fell 9.9% after the company's outlook for fiscal Q1 and the full financial year missed market expectations. Boston Scientific (BSX) stock was down 5.8% after the company said it has identified a cybersecurity incident that affected certain IT systems and led to global disruption in operations.On the winning side, Meta Platforms (META) shares rose 1.9% after Bloomberg reported that the company and 29 state attorneys general have discussed a potential settlement of a case in which the technology giant is accused of designing Facebook and Instagram to addict teenagers. Uber Technologies (UBER) stock was up 1.1% after multiple media outlets reported that the company is launching a new safety feature that allows linked parents and guardians to view a live video stream of their teenager's ride. Summit Therapeutics (SMMT) shares were 14% higher after the company said its partner Akeso reported "positive" results from a phase 3 trial of ivonescimab plus chemotherapy, compared with durvalumab plus chemotherapy as a first-line treatment of advanced biliary tract cancer.

Dow JonesNasdaq CompositeS&P 500$BSX$INTU$META$NVDA$SMMT$UBER
Wire

Uber Reportedly Launches Teen Safety Livestream Feature Using Driver's Selfie Camera

Uber Technologies (UBER) is launching a new safety feature that allows linked parents and guardians to view a live video stream of their teenager's ride, multiple media outlets reported Tuesday.The feature uses the selfie camera on the driver's phone, allowing a teen's linked parent or guardian to view a livestream of the ride, according to the reports.The live video feature, which is slated to roll out across the US in the coming weeks, is being piloted in Atlanta; Phoenix; Orlando, Florida; Raleigh-Durham, North Carolina; Atlanta, Phoenix, Orlando, San Antonio, Cleveland; El Paso, Texas; Raleigh-Durham, North Carolina; Portland, Oregon; and the state of Rhode Island, the reports said.Uber did not immediately reply to a request for comment from.Price: $79.78, Change: $+0.49, Percent Change: +0.62%

$UBER
Wire

Tesla Robotaxi, Alphabet's Waymo, Uber's Aviari Approved to Operate in Nevada by State Regulator

Tesla (TSLA) Robotaxi, Alphabet's (GOOG, GOOGL) Waymo, and Uber Technologies' (UBER) Aviari Services have been approved by the Nevada Transportation Authority to operate as Autonomous Vehicle Network Companies in the state, the agency said Friday.The approvals authorize each company to provide paid passenger transportation in fully autonomous vehicles within Clark County, subject to other conditions approved by the agency, according to a statement.Under the approved orders, Tesla is authorized for a fleet of up to 5,000 fully autonomous vehicles for the first 12 months after permit issuance, while Waymo and Aviari are each authorized for up to 1,000 fully autonomous vehicles during their respective first 12 months, the agency said.The approvals are subject to compliance with various requirements established by the agency before vehicles may be placed into service, the agency said.Price: $364.13, Change: $+19.00, Percent Change: +5.51%

$GOOG$GOOGL$TSLA$UBER
Wire

Uber Launches First Autonomous Rides in Europe Via App in Zagreb, Croatia

Uber Technologies (UBER) launched autonomous rides in Zagreb, Croatia, marking the company's first driverless service available through its booking application in Europe.The service combines Pony AI's (PONY) autonomous-driving technology, Verne's fleet ownership and operating capabilities, and Uber's ride-hailing platform.A licensed operator will be onboard at launch to monitor the vehicle as part of a phased rollout toward fully driverless operations, Uber said Wednesday in a statement.The companies plan to use Zagreb as a model for expanding the service to additional European cities, with more markets to be announced later this year.Price: $77.94, Change: $+3.28, Percent Change: +4.39%

$PONY$UBER
Asia Markets

Update: US Equity Futures Mixed Pre-Bell Friday Following Record-High Overnight Close for S&P 500

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday after a record-high overnight close for the S&P 500.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.3% higher.The S&P 500 hit an intraday all-time high of 7,816.70 on Thursday before closing at 7,798.99, which was also an all-time high.US Defense Secretary Pete Hegseth said the US can keep the naval blockade on Iran "indefinitely," according to multiple media reports. US Treasury Secretary Scott Bessent said that the US planned to apply measures on the Middle Eastern nation that have "never been seen" before, including economic isolation, according to reports that cited an interview on Newsmax.Oil prices were slightly higher, with front-month global benchmark North Sea Brent crude down 0.1% at $86.97 per barrel and US West Texas Intermediate crude was flat at $81.22 per barrel.US retail sales fell 0.6% in July, following a 0.2% gain in the prior month and compared with expectations for a 0.1% increase in a survey compiled by Bloomberg.The University of Michigan consumer sentiment index for August, slated for 10 am ET, is expected at 55.0, down from 55.2 previously.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) stock was up 1.3% after company founder and Tesla (TSLA) CEO Elon Musk disclosed beneficial ownership of 6.42 billion SpaceX shares as of June 30, representing 48.4% of the company, in a regulatory filing. A Reuters report also said that Alphabet (GOOG, GOOGL) held 551.2 million shares of SpaceX valued at about $94.2 billion at the end of Q2.Uber Technologies (UBER) shares rose 2.3% after the company and Pony.ai (PONY) said late Thursday that they expanded their partnership to deploy over 2,000 robotaxis across Europe. Reddit (RDDT) stock was up more than 11% after S&P Dow Jones Indices said Thursday that the company is replacing AvalonBay Communities (AVB) in the S&P 500 prior to the opening of trading on Aug. 18.On the losing side, Applied Materials (AMAT) shares fell 6% after the semiconductor-equipment manufacturer reported lower free cash flow for the first nine months of the fiscal year as capital expenditures climbed sharply.

Dow JonesNasdaq CompositeS&P 500$AMAT$AVB$GOOG$GOOGL$PONY$RDDT$SPCX$TSLA$UBER
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1%.In corporate news, Brinker International (EAT) shares jumped 11% after the company provided an upbeat fiscal 2027 financial guidance at the midpoint, confident that its Chili's brand will sustain the growth momentum that drove strong Q4 results.Uber (UBER) is working on a rides option for children 10 to 12 years old, Bloomberg reported Wednesday, citing publicly available code from the latest version of Uber's iOS app. Uber shares were down 3.4%.Home Depot (HD) said CEO Ted Decker is taking a temporary medical leave of absence and is expected to return within the next few months. Senior Executive Vice President Ann-Marie Campbell and Chief Financial Officer Richard McPhail will oversee the operations of the office of the CEO during Decker's absence. Home Depot shares fell 2.7%.Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported. The consortium, which may include Flynn Group and BlueFive, may submit its bid in the coming weeks, the report said. Wendy's shares jumped past 13%.

$EAT$HD$UBER$WEN
Wire

Market Chatter: Uber Working on Rides Option for Kids 10 to 12

Uber Technologies (UBER) is working on a rides option for children 10 to 12 years old, Bloomberg reported Wednesday, citing publicly available code from the latest version of Uber's iOS app.The potential feature would allow adults to add a "tween" to their Uber Family profile and require that an adult be present during pick-up or drop-off, the report said. Uber currently has a service for teens 13 to 17 years old.Uber did not immediately respond to' 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: $74.96, Change: $-3.59, Percent Change: -4.56%

$UBER
Wire

IDT's National Retail Solutions Launches Direct POS Integration With Uber Eats

IDT's (IDT) National Retail Solutions business launched its direct point-of-sale, or POS, integration with Uber Technologies' (UBER) Uber Eats, according to a Tuesday statement.National Retail Solutions, or NRS, said the integration allows its retailers to list their inventory, receive and fulfill delivery orders via Uber Eats.Financial details were not disclosed.The integration is available to eligible NRS merchants in the US and Canada.Price: $65.21, Change: $+0.36, Percent Change: +0.56%

$IDT$UBER
Equities

Correction: S&P 500 Posts Weekly Gain Amid AI Monetization Optimism

(Corrects to remove detailed Microsoft information as story published July 31 included Q3 data.)The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.

S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
DoorDash Second-Quarter Revenue Tops Views, Earnings Falls Short
US Markets

DoorDash Second-Quarter Revenue Tops Views, Earnings Falls Short

DoorDash (DASH) late Wednesday delivered a second-quarter revenue beat amid order momentum, while the food delivery company's earnings fell more than expected.Revenue advanced 36% year over year to $4.45 billion, compared with the FactSet-polled consensus of $4.34 billion. Earnings per share fell to $0.46 during the June quarter from $0.65 a year earlier, missing Wall Street's view of $0.47.DoorDash's shares rose 2.6% in after-hours activity. The stock has declined 8.5% this year through Wednesday close.Marketplace gross order value -- the total value of all orders completed on its marketplaces, including taxes and tips -- climbed 36% annually to $33.08 billion, above analysts' expectations of $32.91 billion.US restaurants' gross order value growth accelerated "slightly," driven by DashPass membership, while the grocery and retail categories showed "strong" annual gains, DoorDash said.Total orders grew 27% to 970 million, while the market was expecting 968.5 million.DoorDash projects third-quarter marketplace gross order value between $33 billion and $34 billion, compared with consensus estimates of $33.39 billion.Wedbush Securities expected a "balanced" second-quarter print, saying investor focus remained on margin expansion."Consumer demand and the core US restaurant vertical remain resilient, with all-time-high (monthly active users), rising frequency, and record subscription quarters across DashPass and Gold," Wedbush analysts said in a note late last month. "Outside of margins, GOV trends and how the health of the consumer holds up is the largest debate."Earlier in the day, Uber Technologies (UBER) said its second-quarter delivery bookings advanced 26% annually to $27.46 billion.

$DASH$UBER
Update: Dow Hits New High, S&P 500 Retreats as Traders Await Hormuz Deal
US Markets

Update: Dow Hits New High, S&P 500 Retreats as Traders Await Hormuz Deal

(Updates with market moves at the end of the day, and other changes, if any.)The Dow Jones Industrial Average reached a new peak on Wednesday amid hopes for a deal to reopen the Strait of Hormuz, while the S&P 500 pulled back from a record high.The Dow rose 0.5% to 54,349.12, notching a closing high for a third straight day. The S&P 500 edged down 0.2% to 7,723.55. The Nasdaq Composite fell 0.8% to 26,363.44, snapping a four-day winning streak.Among sectors, materials paced the gainers, while communication services saw the steepest decline.The US, Iran and Oman are moving toward an interim deal to reopen the Strait of Hormuz, with Washington looking at a Wednesday announcement, Axios reported, citing two regional sources and a US official.US President Donald Trump reportedly said late Tuesday that an agreement to reopen the strait, the world's most important chokepoint for crude flows, was imminent."There are suggestions that a deal could be announced as soon as today, although reports that any agreement would be temporary suggest that the market would be wise not to get too carried away," ING Bank said Wednesday in report.Meanwhile, Yemen's Iran-aligned Houthis claimed an attack on a Saudi Arabian tanker near the coast of Yanbu, a major port for Saudi crude oil exports, according to a CNBC report.West Texas Intermediate crude oil dropped 0.8% to $75.15 a barrel in Wednesday late-afternoon trade, while Brent edged down 0.1% to $79.32.Treasury yields were lower, with the two-year rate down 1.1 basis points at 4.18% at the 10-year rate falling 1.2 basis points to 4.62%.Walt Disney's (DIS) fiscal third-quarter earnings rose above Wall Street's estimates even as revenue fell short of expectations despite a boost from "Toy Story 5." The stock rose 3.7%, the second-best performer on the Dow.Uber Technologies (UBER) declined 5.3% after the ride-hailing company's second-quarter revenue missed market estimates and it provided a soft third-quarter bookings guidance.Shares of SpaceX (SPCX) slumped nearly 14% after the rocket and satellite company late Tuesday reported quarterly results for the first time since going public. The company's capital expenditures surged to $18.37 billion in the second quarter from $2.83 billion a year ago.Advanced Micro Devices (AMD) slumped 7% even though it recorded fiscal second-quarter results above market estimates.In economic news, US private-sector employment increased less than expected in July as gains were concentrated in just services, ADP (ADP) data showed Wednesday, ahead of the official nonfarm payrolls report for the month due later in the week.Bureau of Labor Statistics data scheduled for Friday release are likely to show that the US economy added 88,000 nonfarm jobs last month, compared with a 57,000 increase reported for June, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.2%.The US services sector's expansion continued in July amid strong demand despite continued inflationary pressures, surveys by the Institute for Supply Management and S&P Global (SPGI) showed.Spot gold jumped 4.2% to $4,247.65 per troy ounce, while silver advanced 3.4% to $62.31 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$AMD$DIS$SPCX$SPGI$UBER
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fractionally higher.In corporate news, Freshpet (FRPT) shares surged past 17% after it delivered a Q2 beat and raised its full-year outlook, driven by higher spending from its most valued consumers and volume growth.Uber's (UBER) shares fell 5.6% after its Q2 revenue missed market estimates and it provided a soft Q3 bookings guidance.Walt Disney's (DIS) fiscal Q3 earnings rose above Wall Street's estimates on Wednesday even as revenue fell short of expectations despite a boost from "Toy Story 5." Disney shares rose 3.3%.Starboard Value has built a stake in Shake Shack (SHAK) worth "several hundred million dollars," Bloomberg reported Wednesday, citing an interview with the firm's CEO Jeff Smith. Shake Shack shares jumped 10%.

$DIS$FRPT$SHAK$UBER
Wire

BNP Paribas Lowers Uber Technologies Price Target to $106 From $108

Uber Technologies (UBER) has an average rating of buy and mean price target of $104.66, according to analysts polled by FactSet.Price: $67.21, Change: $-4.78, Percent Change: -6.64%

$UBER
Wire

Oppenheimer Cuts Uber Technologies Price Target to $90 From $100

Uber Technologies (UBER) has an average rating of buy and mean price target of $104.66, according to analysts polled by FactSet.Price: $67.19, Change: $-4.80, Percent Change: -6.67%

$UBER
Update: Equity Markets Mixed Intraday as US Seen Nearing Hormuz Deal
US Markets

Update: Equity Markets Mixed Intraday as US Seen Nearing Hormuz Deal

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday amid reports suggesting a deal to reopen the Strait of Hormuz was imminent.The Dow Jones Industrial Average was up 0.8% at 54,528.1 after midday Wednesday, while the Nasdaq Composite fell 0.4% to 26,470.4. The S&P 500 was little changed at 7,737.7. On Tuesday, the S&P 500 and the Dow recorded fresh all-time highs, while the Nasdaq advanced for a fourth consecutive session.Among sectors, materials paced the gainers intraday Wednesday, while communication services saw the steepest decline.The US, Iran and Oman are moving toward an interim deal to reopen the Strait of Hormuz, with Washington looking at a Wednesday announcement, Axios reported, citing two regional sources and a US official.US President Donald Trump reportedly said late Tuesday that an agreement to reopen the strait, the world's most important chokepoint for crude flows, was imminent."There are suggestions that a deal could be announced as soon as today, although reports that any agreement would be temporary suggest that the market would be wise not to get too carried away," ING Bank said Wednesday in report.Meanwhile, Yemen's Iran-aligned Houthis claimed an attack on a Saudi Arabian tanker near the coast of Yanbu, a major port for Saudi crude oil exports, according to a CNBC report.West Texas Intermediate crude oil was down 1.1% at $74.93 a barrel intraday, while Brent edged down 0.3% to $79.02.Treasury yields were little changed, with the two-year rate at 4.2% at the 10-year rate at 4.62%.Walt Disney's (DIS) fiscal third-quarter earnings rose above Wall Street's estimates even as revenue fell short of expectations despite a boost from "Toy Story 5." The stock was up 2.4%, among the best performers on the Dow.Uber Technologies (UBER) was among the notable laggards on the S&P 500, down 6.5%, after the ride-hailing company's second-quarter revenue missed market estimates and it provided a soft third-quarter bookings guidance.Shares of SpaceX (SPCX) slumped 10% intraday after the rocket and satellite company late Tuesday reported quarterly results for the first time since going public. The company's capital expenditures rallied to $18.37 billion in the second quarter from $2.83 billion a year ago.Advanced Micro Devices (AMD) was down 6.3% even though it recorded fiscal second-quarter results above market estimates.In economic news, US private-sector employment increased less than expected in July as gains were concentrated in just services, ADP (ADP) data showed Wednesday, ahead of the official nonfarm payrolls report for the month due later in the week.Bureau of Labor Statistics data scheduled for Friday release are likely to show that the US economy added 88,000 nonfarm jobs last month, compared with a 57,000 increase reported for June, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.2%.Spot gold jumped 4% to $4,241.96 per troy ounce, while silver advanced 3.5% to $62.37 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$AMD$DIS$SPCX$SPGI$UBER
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.In corporate news, Uber's (UBER) shares fell 6.6% after its Q2 revenue missed market estimates and it provided a soft Q3 bookings guidance.Walt Disney's (DIS) fiscal Q3 earnings rose above Wall Street's estimates on Wednesday even as revenue fell short of expectations despite a boost from "Toy Story 5." Disney shares rose 3.2%.Starboard Value has built a stake in Shake Shack (SHAK) worth "several hundred million dollars," Bloomberg reported Wednesday, citing an interview with the firm's Chief Executive Jeff Smith. Shake Shack shares jumped past 9%.

$DIS$SHAK$UBER

Showing 21-40 of 139

Track with the FINWIRES app suite