Uber Technologies Inc
Uber unveils new features, including one that lets drivers choose the trips they want
Uber app on a smart phone. Alex Kraus | Bloomberg | Getty Images Uber announced a series of new features Friday aimed at enhancing driver experiences on the ridesharing app as drivers continue to contend with high gas prices and inflation rates. Drivers across the U.S. will be able to see exactly how much they’ll […]
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Stocks making the biggest moves premarket: Newmont, Squarespace, Philips and more
Check out the companies making headlines before the bell: Newmont (NEM) – The mining company’s stock slid 3.3% in premarket trading after it reported lower-than-expected second-quarter earnings. Profit was down nearly 41% from a year ago, hurt by a drop in gold prices. Squarespace (SQSP) – The e-commerce platform provider tumbled 14.4% in the premarket […]
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GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company for its role in […]
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Uber updates grocery delivery service with after-hours ordering and more
Uber Eats workers wait for orders in central Kiev, Ukraine July 31, 2019. Valentyn Ogirenko | Reuters Uber announced the most comprehensive update to its grocery delivery service on Thursday since its initial launch in 2020, introducing a series of new features that aim to make the experience more convenient for consumers and merchant partners. […]
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Uber sued by more than 500 women over sexual assault claims
An iPhone displays the Uber ride-hailing app on 26 September 2017, in Hong Kong. studioEAST | Getty Images Uber is being sued by more than 500 women who claim they were assaulted by drivers on the platform. The complaint, filed Wednesday, claims that “women passengers in multiple states were kidnapped, sexually assaulted, sexually battered, raped, […]
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Delivery startup Gopuff cuts 10% of its global workforce and closes 76 U.S. warehouses
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery startup Gopuff is cutting 10% of its global workforce and closing 76 U.S. warehouses, according to a letter to investors. The layoffs impact about 1,500 employees who will be notified throughout Tuesday, the letter said. The company is also closing […]
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What Amazon’s Grubhub stake means for investors and the future of delivery
Amazon’s latest partnership with Grubhub will have little impact on the company’s stock but could signal a growing appetite to compete in restaurant delivery, analysts say. The technology company announced last week it’s partnering with the delivery platform to offer Prime users a free year membership to Grubhub+. As part of the deal, Amazon will […]
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Uber lobbied, used ‘stealth’ tech to block scrutiny, report says
A driver uses the Uber app to drop off a passenger. Chris J. Ratcliffe | Bloomberg via Getty Images As Uber aggressively pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws, used a “kill switch″ to thwart regulators and law enforcement, channeled money through Bermuda and […]
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Stocks making the biggest moves midday: Twitter, Wynn Resorts, Lululemon, Nio and more
Traders work on the floor of the New York Stock Exchange. NYSE Check out the companies making headlines in midday trading. Twitter — Shares of the social media company dropped more than 8% after Elon Musk walked away from his $44 billion deal to buy Twitter. Musk alleged that Twitter under-reported the number of spam bots on the […]
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