Uber Technologies Inc
Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut
A Pony.ai autonomous car. Pony.ai China’s Pony.ai on Thursday saw its shares drop over 12%, while rival WeRide fell nearly 8% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong dollars (about $860 million) and HK$2.39 billion, respectively in […]
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Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images With OpenAI’s recent release of its AI browser, the historic level of capital expenditures being made in the current AI arms […]
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Lyft, United Airlines launch loyalty program months after Delta partnership ends
Lyft customers can once again earn miles toward their next flight. The ridesharing company on Wednesday said it’s partnering with United Airlines to offer MileagePlus points to riders who link their accounts, months after it ended an eight-year partnership with Delta Airlines. Once linked, riders can earn one mile for every dollar spent on Standard […]
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Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT — Challenges are mounting for all-electric vehicle manufacturers Rivian Automotive and Lucid Group as the companies try to sell investors on a brighter, more profitable future to come. […]
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Stocks making the biggest moves midday: Uber, Hertz, Norwegian Cruise, Yum, Palantir and more
Check out the companies making the biggest moves midday: Denny’s — The diner chain rallied 50% after it announced it would be acquired by private equity firm TriArtisan Capital Advisors for $620 million, or $6.25 per share, in cash. The deal represents a 52% premium from Monday’s close and is expected to close in the […]
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Stocks making the biggest moves premarket: Uber, Sarepta, Palantir, Norwegian Cruise and more
Check out the companies making the biggest moves in premarket trading: Uber Technologies — The ride-sharing company fell 5% after saying fourth quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street’s expectations, at $13.47 billion versus the $13.28 billion […]
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Uber falls 4% despite third-quarter revenue beat
Dara Khosrowshahi, CEO, Uber Technologies speaks during the third day of the FII PRIORITY Summit held at the Faena Hotel on February 21, 2025 in Miami Beach, Florida. Joe Raedle | Getty Images Uber shares fell 4% before the bell even after the ridesharing company beat Wall Street’s third-quarter revenue expectations. Earnings per share: $3.11. It […]
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Palantir earnings, Pizza Hut’s options, a new consumer staples giant and more in Morning Squawk
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are […]
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November trading, Berkshire’s cash hoard, Big Tech’s ad revenue and more in Morning Squawk
A trader works on the floor of the New York Stock Exchange on Oct. 30, 2025 in New York. Angela Weiss | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. November […]
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