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Uber Technologies

Uber Technologies

$UBER
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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.

Sectors

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
Wire

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%

$UBER
Wire

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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Wire

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%

$UBER
Wire

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

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

$UBER
Wire

Arete Adjusts Price Target on Uber Technologies to $119 From $120, 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: $71.66, Change: $-0.55, Percent Change: -0.76%

$UBER
Wire

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
Sectors

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
Sectors

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%.

$UBER
Wire

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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Wire

Uber Limits Staff Usage of AI Tools to Cut Costs, Bloomberg Reports

Uber Limits Staff Usage of AI Tools to Cut Costs, Bloomberg Reports

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Wire

Market Chatter: Uber-Delivery Hero Deal Faces New Challenge as Prosus Considers Stake Increase

Uber Technologies (UBER) faces a new hurdle in its efforts to acquire Delivery Hero, as major shareholder Prosus is considering increasing its stake in the German food delivery group, the Financial Times reported Monday, citing people familiar with the matter.Prosus, formerly Delivery Hero's largest shareholder with a 27% stake, has been discussing with other investors the price at which they would be willing to sell their stakes. Prosus had agreed to cut its stake to "single digits" by August as part of a deal with EU antitrust authorities to buy Just Eat Takeaway, the report said.In an emailed reply to, the European Commission confirmed that, on Friday, it granted Prosus more time to reduce its stake following a request from Naspers, Prosus' parent company. "Naspers still has to fully comply with the commitments," it added.Prosus is now considering using the extension to temporarily increase its ownership in Delivery Hero, potentially to block a takeover by Uber or strengthen its negotiating position in any future deal. The Amsterdam-based group could also vote against an Uber bid, the report said, citing a person familiar with the matter.Delivery Hero declined to comment, and Uber and Prosus didn't immediately reply 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: $73.45, Change: $+3.05, Percent Change: +4.33%

$UBER
Mining & Metals

Happy Belly Food Up 13% as it Signs Multi-Year Exclusive National Partnership With Uber Eats Canada

Happy Belly Food Group (HBFG.CN) shares were last seen up 13% after it secured a multi-year, exclusive national agreement with Uber Eats, Uber Technologies (UBER) food delivery platform, it said on Wednesday.This partnership establishes Uber Eats as Happy Belly's exclusive third-party delivery marketplace partner."Partnering with Uber Eats, a world-class delivery platform allows us to leverage national-account scale in a way that directly benefits our franchisees and corporate locations," said Happy Belly Chief Executive Sean Black. "This agreement strengthens service levels through dedicated national account support, improves unit economics through competitive terms, and helps us execute with greater operational discipline as our footprint expands."Shares of the company were last seen up $0.18 at $1.53 on the Canadian Securities Exchange.Price: $1.52, Change: $+0.17, Percent Change: +12.59%

$HBFG.CN$UBER
Wire

Market Chatter: Uber Boosts Stake in Delivery Hero to 36.83% After Takeover Offer

Uber Technologies (UBER) bought out Aspex Management's shares of Delivery Hero, boosting its stake in the company to 36.83% as it negotiates to buy the food-delivery platform, Bloomberg reported Wednesday, citing a Delivery Hero regulatory filing.Uber's voting rights attached to shares increased to 24.99%, below a threshold that could trigger a mandatory offer, with the remainder of the stake in instruments, the report said, citing the filing. Uber paid just under 40 euros ($46.5) per share, the report said, citing people familiar with the matter.On Saturday, Delivery Hero confirmed approach by Uber with respect to a potential takeover offer.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: $70.74, Change: $+0.62, Percent Change: +0.88%

$UBER
Wire

Uber Boosts Stake in Delivery Hero to 36.83% After Takeover Offer, Bloomberg Reports

Uber Boosts Stake in Delivery Hero to 36.83% After Takeover Offer, Bloomberg Reports

$UBER
Sectors

Sector Update: Consumer Stocks Advance Late Afternoon

Consumer stocks rose late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) adding 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In sector news, US consumer sentiment declined to a fresh record low in May as people fear that high gasoline prices could erode their purchasing power, University of Michigan said Friday. The main sentiment index tumbled 10% to 44.8 from last month. The consensus in a Bloomberg-compiled poll was for May's print to stay unchanged from a preliminary 48.2 estimate.In corporate news, Ross Stores (ROST) shares climbed 8% after the discount retailer lifted its full-year outlook and reported better-than-expected fiscal Q1 results.Imax (IMAX) shares jumped past 14% after The Wall Street Journal reported the company is exploring a sale and has approached entertainment companies as potential buyers.Estee Lauder (EL) shares rose nearly 12% after the cosmetics company and Puig said late Thursday they have ended discussions over a potential merger.Uber (UBER) is evaluating options for a complete buyout of Delivery Hero, Bloomberg reported. Uber shares were down 2.4%.

$EL$IMAX$ROST$UBER
Sectors

Sector Update: Consumer

Consumer stocks advanced late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.6%.In corporate news, Uber (UBER) is evaluating options for a complete buyout of Delivery Hero, Bloomberg reported. Uber shares were down 2.3%.

$UBER
Wire

Market Chatter: Uber Technologies Weighing Full Buyout of Delivery Hero

Uber Technologies (UBER) is evaluating options for a complete buyout of Delivery Hero, Bloomberg reported Friday, citing sources familiar with the matter.The ride-sharing firm is partnering with financial consultants to explore expanding its ownership after recently increasing its position in the Frankfurt-traded entity, while also contacting other stakeholders regarding potential interest, the media outlet reported.Delivery Hero said Monday Uber has acquired additional shares and instruments, and now owns 19.5% of the issued capital, with a further 5.6% in options. Morgan Stanley (MS) has helped Uber to build its stake using derivatives, according to the report.Uber mentioned this week that it does not intend to increase its ownership to 30% or higher at this time, but reviews its portfolios routinely for favorable opportunities, Bloomberg reported.Uber, Delivery Hero, and Morgan Stanley 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: $72.63, Change: $-0.98, Percent Change: -1.33%

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Wire

Street Color: Uber Mulls Options to Acquire Full Stake in Delivery Hero, Bloomberg Reports

Street Color: Uber Mulls Options to Acquire Full Stake in Delivery Hero, Bloomberg Reports

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Wire

Uber Acquires Additional Shares in Delivery Hero

Uber Technologies (UBER) has acquired additional shares and instruments in Delivery Hero, and now owns 19.5% of the Berlin-based delivery platform's issued capital, with a further 5.6% in options, Delivery Hero said Monday in a statement.Delivery Hero said it sees Uber's additional investment as an endorsement of its platform and Everyday App strategy.Uber did not immediately respond to a request for comment from.Price: $74.64, Change: $-0.45, Percent Change: -0.60%

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