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Uber Technologies

Uber Technologies

$UBER
NYSETechnology

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

Hertz Global Shares Rise After Oro Mobility, Uber Technologies Sign Two Fleet Maintenance Partnerships

Hertz Global (HTZ) shares were up 11% in Thursday trading after its affiliated operating company Oro Mobility and Uber Technologies (UBER) said they have signed two fleet partnerships related to operational and maintenance services across autonomous and driver-led operations.Financial details related to the collaboration were not disclosed.Under one of the partnerships, Oro Mobility will provide day-to-day vehicle asset management, including charging, maintenance, repairs, cleaning, and depot staffing for Uber's autonomous robotaxi program of Lucid (LCID) vehicles, the companies said.Oro Mobility will also offer strategic fleet services on the Uber platform, using vehicles operated by Oro-employed drivers, the companies said.Additionally, Oro is now active on the Uber platform in Los Angeles and San Francisco, with Northern New Jersey expected to launch this spring, according to the companies.Price: $6.25, Change: $+0.65, Percent Change: +11.61%

$HTZ$LCID$UBER
Wire

Uber, Expedia Collaborate to Offer Hotel Booking Options

Uber Technologies (UBER) said Wednesday that it is collaborating with Expedia (EXPE), allowing users to book hotels directly through the Uber app.Under the partnership, Uber said its users in the US will eventually have access to more than 700,000 properties in destinations worldwide. The partnership is expected to expand beyond the US, it said.Uber One members will earn 10% back in Uber One credits on all hotel bookings, and will save at least 20% on a rolling list of over 10,000 hotels, the company said.Following an initial pilot, Uber rides will also be integrated into the Expedia app from June, the company said.Uber launched several other features on its app, covering travel, shopping, voice bookings, and food, the company said.Price: $73.87, Change: $-0.24, Percent Change: -0.33%

$EXPE$UBER
Sectors

Sector Update: Tech Stocks Higher Pre-Bell Friday

Technology stocks were higher pre-bell Friday, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 2% higher.Microsoft (MSFT) shares were up 1.6% in premarket activity. Microsoft Italy and Expert.ai said they have entered into a collaboration to accelerate the adoption of artificial intelligence for enterprise use cases.Uber Technologies (UBER) shares were up 1.8% prebell. Prosus said Uber is acquiring roughly 13.6 million ordinary shares of Delivery Hero from Prosus, representing about 4.5% stake.Adobe (ADBE) stock was up 2.6% before the bell, adding to the 1.4% gain at the previous close. UBS lowered its price target to $260 from $290, while maintaining a neutral rating.

$ADBE$MSFT$UBER$XLK$XSD
Sectors

Sector Update: Tech Stocks Mixed Premarket Wednesday

Technology stocks were mixed premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.5%.Snap (SNAP) shares were up more than 7% after the company said it will cut about 16% of its global workforce, roughly 1,000 employees, to generate over $500 million in annualized cost savings.ASML Holding (ASML) shares were down more than 2% after the company issued Q2 sales outlook below analysts' expectations.Uber Technologies (UBER) has committed more than $10 billion to purchasing autonomous vehicles and picking up stakes in their developers, the Financial Times reported. Uber Technologies stock was up more than 1% pre-bell.

$ASML$SNAP$UBER$XLK$XSD
Sectors

Sector Update: Consumer Stocks Mixed in Afternoon Trading

Consumer stocks were mixed Tuesday 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) rising 2.5%.In sector news, Redbook US same-store sales rose by 7% from a year earlier in the week ended April 11 after a 7.6% year-over-year increase in the previous week. "Many stores closed on Easter Sunday so that employees could spend time with their families, which meant Easter week sales were based on six days instead of seven compared to last year," Redbook said, adding that sales during the week were driven by seasonal items.In corporate news, FedEx (FDX) said its finance chief will step down in early June as the parcel delivery giant completes the spinoff of its freight business into a new publicly listed company. FedEx shares were down 0.4%.United Airlines (UAL) Chief Executive Scott Kirby proposed a potential combination with American Airlines (AAL) during a late February meeting with President Donald Trump, Reuters reported Monday, citing two unnamed sources familiar with the matter. A consolidated carrier would be more competitive globally, aligning with the administration's focus on international trade deficits, the news outlet quoted Kirby as saying. United shares rose 2.4%, and American jumped 8%.Lucid (LCID) said Tuesday that it has priced an underwritten public stock offering to generate $300 million in gross proceeds. Uber (UBER) has expanded a previous purchasing agreement to buy at least 35,000 vehicles for a future autonomous taxi network, while contributing an additional $200 million to reach a $500 million total investments in the company, Lucid said. Public Investment Fund affiliate Ayar Third Investment has also committed $550 million to buy convertible preferred stock. Lucid shares were down 4.3%, and Uber rose 1.2%.

$AAL$FDX$LCID$UAL$UBER
Sectors

Sector Update: Consumer

Consumer stocks were mixed Tuesday 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) rising 2.3%.In corporate news, Lucid (LCID) said Tuesday that it has priced an underwritten public stock offering to generate $300 million in gross proceeds. Uber (UBER) has expanded a previous purchasing agreement to buy at least 35,000 vehicles for a future autonomous taxi network, while contributing an additional $200 million to reach a $500 million total investments in the company, Lucid said. Public Investment Fund affiliate Ayar Third Investment has also committed $550 million to buy convertible preferred stock. Lucid shares were down 4.7%, and Uber rose 1%.

$LCID$UBER
Wire

Top Midday Stories: Wells Fargo Shares Fall After Q1 Revenue Miss; Amazon to Acquire Globalstar for $90 a Share

All three major US stock indexes were up in late-morning trading Tuesday, as many of the big banks revealed their earnings results.In company news, Wells Fargo (WFC) reported Q1 earnings Tuesday of $1.60 per diluted share, up from $1.39 a year earlier and above the FactSet consensus of $1.58. First-quarter revenue was $21.45 billion, up from $20.15 billion a year ago but below the FactSet consensus of $21.79 billion. Wells Fargo shares were down 5.2% around midday.Amazon (AMZN) said Tuesday it has agreed to acquire Globalstar (GSAT) in a deal valuing the company at $90 per share. The acquisition, which is expected to close in 2027, will strengthen Amazon's low-Earth orbit network, Amazon Leo, enabling direct-to-device services that will expand cellular coverage, the company said. Amazon shares were up 3.3%, while Globalstar shares were up 10.5%.JPMorgan Chase (JPM) reported Q1 earnings Tuesday of $5.94 per diluted share, up from $5.07 a year earlier and above the FactSet consensus analyst estimate of $5.45. First-quarter net revenue was $49.84 billion, up from $45.31 billion a year ago and above the FactSet consensus of $49.13 billion. JPMorgan shares were down 0.5%.Citigroup (C) reported Q1 net income Tuesday of $3.06 per diluted share, up from $1.96 a year earlier and above the FactSet consensus of $2.63. First-quarter revenue was $24.63 billion, up from $21.60 billion a year ago and above the FactSet consensus of $23.53 billion. Citigroup shares were up 2.5%.Lucid (LCID) said Tuesday it will receive new investments from an affiliate of Saudi Arabia's Public Investment Fund and Uber Technologies (UBER). Shares of Lucid were down 4.4%, while Uber shares were up 0.3%.Price: $312.52, Change: $-1.16, Percent Change: -0.37%

$AMZN$C$GSAT$JPM$LCID$UBER$WFC

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