Uber Technologies Inc

Uber reports third-quarter results that beat Wall Street’s revenue expectations
Technology

Uber reports third-quarter results that beat Wall Street’s revenue expectations

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco on Sept. 26, 2019. Philip Pacheco | AFP via Getty Images Uber reported third-quarter results on Thursday that beat Wall Street’s expectations for revenue but missed on analysts’ projections for gross bookings. Shares of the company were down more than 5% pre-market […]

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S&P 500 futures slip after Microsoft reports; traders brace for key inflation data: Live updates
World

S&P 500 futures slip after Microsoft reports; traders brace for key inflation data: Live updates

Traders react after the closing bell on the floor at the New York Stock Exchange on March 20, 2024. Brendan Mcdermid | Reuters Stock futures slid on Wednesday evening, as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.3%, and Nasdaq 100 futures fell 0.4%. Futures […]

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Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
World

Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap

Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet’s results are set to be released Tuesday. Microsoft and Meta Platforms post their […]

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‘Made in Mexico’ trade controversy is provoking another kind of border war
World

‘Made in Mexico’ trade controversy is provoking another kind of border war

Mexico’s robust, and booming, trade with the United States has logistics companies clamoring for a slice of the pie and politicians taking a cautious look at how overseas firms may be using recent North American trade law to circumvent U.S. tariffs. Integrated logistics companies like Maersk are building out their capacity to handle the historic […]

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Bradley Tusk on potential Uber-Expedia acquisition: The company needs to keep expanding
Travel

Bradley Tusk on potential Uber-Expedia acquisition: The company needs to keep expanding

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bradley Tusk, Tusk Ventures CEO, joins ‘Squawk Box’ to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more. Source

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Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
Finance

Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more

Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong artificial intelligence-related demand. Shares of chip giants Nvidia and Micron each rose about 3% […]

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Uber not in active bid talks with Expedia
Travel

Uber not in active bid talks with Expedia

CNBC’s Deirdre Bosa reports on news from Uber and Expedia. Source

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Uber has discussed a bid for travel booking company Expedia
Technology

Uber has discussed a bid for travel booking company Expedia

Uber discussed a bid for travel booking company Expedia, CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery. The talks were in early stages, according to a person familiar with the discussions who asked not to be named since the talks are confidential. It […]

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Stocks making the biggest moves premarket: Elevance Health, Taiwan Semiconductor, Expedia, Lucid and more
Finance

Stocks making the biggest moves premarket: Elevance Health, Taiwan Semiconductor, Expedia, Lucid and more

Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains “confident” amid “unprecedented challenges in the Medicaid business.” Health care stocks Molina Healthcare and Centene also fell nearly 9% […]

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Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives
Travel

Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Ives, Wedbush Securities managing partner, joins ‘Squawk Box’ to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more. Source

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