Uber Technologies Inc
Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant
Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is adjusting its production expectations at an under-construction plant in Georgia. The DOE loan was previously set to support two phases of production for a total of 400,000 units annually. The amended […]
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Uber makes big bets on travel, hotels and AI voice bookings at annual product showcase
Chris Ratcliffe | Bloomberg | Getty Images Uber is breaking into the travel industry. The ride-hailing company on Wednesday announced several new products at its annual Go-Get event in New York as it looks to attract more users to its platform and push to differentiate beyond its mainstay ridesharing business. Rather than focusing on its […]
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Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]
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Nvidia AI chip rivals attract record funding as competition heats up
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company’s supremacy. And […]
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Uber Eats has a fix for pesky returns. You can just sit on the couch
An Uber Eats courier is seen in Krakow, Poland, on Aug. 21, 2025. Jakub Porzycki | Nurphoto | Getty Images Returning packages is a pain. Uber says it can fix that. Uber Eats announced a returns feature on Friday that lets customers do it all from the phone, and a courier will pick up and […]
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Uber raises stake in Delivery Hero in $318 million deal
An Uber Eats courier is seen in Krakow, Poland, on Aug. 21, 2025. Jakub Porzycki | Nurphoto | Getty Images Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company’s biggest shareholder Prosus. Total gross proceeds to Prosus are approximately 270 million euros ($318 […]
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Stocks making the biggest moves midday: DoorDash, Robinhood, Broadcom, Sandisk & more
Here are the companies making headlines in midday trading. Nvidia – Shares of the chip giant popped about 1% as investors plowed money back into tech stocks. Nvidia is on pace for an 11th consecutive winning session, its longest stretch of daily gains on record. Caterpillar – The manufacturer of construction equipment dropped about 5%. […]
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Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
A prototype of the Nissan Motor Co. Leaf-based autonomous vehicle equipped with Wayve Technologies Ltd.’s AI Driver software and connected to Uber Technologies Inc.’s ride-hailing platform on display during a news conference in Tokyo, Japan, on Thursday, March 12, 2026. Kiyoshi Ota | Bloomberg | Getty Images British autonomous driving startup Wayve on Wednesday said it […]
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Chinese robotaxi companies forge ahead with UAE expansion despite Iran war
Key Points At least three Chinese robotaxi companies are pushing ahead with their expansion into the Middle East. The UAE and China held a business cooperation forum in Beijing earlier this week. Chinese robotaxi companies have ramped up their global expansion plans in the last two years, making the most progress in the Middle East. […]
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Lucid names auto industry outsider as CEO, expands Uber deal
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive. Silvio Napoli, who spent nearly 31 years at Schindler, is set […]
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