Uber Technologies Inc
Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines after the bell: Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per […]
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GM-owned Cruise will partner with Uber to offer driverless rides
A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images Uber Technologies and General Motors’ Cruise have agreed to a multi-year partnership, under which the embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. The […]
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Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion
Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick of any identifier he wanted, so he asked […]
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Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
There’s still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. The Wall Street bank named several companies that analysts believe sell at an attractive entry point. CNBC Pro combed through Bank of America research to find top buy-rated tech stocks. Those we found included Amazon, […]
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Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts’ estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Revenue […]
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Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Palantir now sees revenue between $2.74 billion and $2.75 billion. That’s up from a range of $2.68 billion to $2.69 billion. Yum China — Shares surged 8% after the Shanghai-based operator […]
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Uber reports better-than-expected results for second quarter
Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Uber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about 4% in pre-market trading. Here’s how the company did for the period […]
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Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company’s electric cars, […]
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Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Food from the restaurant of your choosing, delivered right to your door — at what cost? Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash […]
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Uber now shows average wait time and cost for rides in thousands of cities
Rafael Henrique | SOPA Images | Lightrocket | Getty Images Uber on Tuesday announced it’s rolling out a new feature that lets users see average wait times and costs for rides in more than 10,000 cities. The feature, which aims to make planning summer travel easier, comes as record numbers of travelers are passing through […]
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