Financial News

Earlier this year, Lucid Group announced that Uber will increase its total investment to US$500 million and expand its purchase commitment to at least 35,000 Lucid vehicles for a future global robotaxi service, alongside a separate US$550 million injection from an affiliate of Saudi Arabia’s Public Investment Fund. This combination of larger fleet orders and fresh capital highlights Lucid’s emerging role as a supplier for autonomous mobility infrastructure while bolstering its funding base...

Recent filings reveal diverging patterns in revenue growth between these two rideshare leaders. Explore how their financial momentum stacks up this quarter.

The first cracks in the AI boom are starting to show, hitting select firms more than others, and this could only be the beginning.

The first cracks in the AI boom are starting to show, hitting select firms more than others, and this could only be the beginning.

Uber Technologies, Inc. (NYSE:UBER) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 18, Bloomberg reported that the company raised its stake in the German food-delivery company Delivery Hero SE. Now, the company owns 19.5% of Delivery Hero post the acquisition of additional shares and instruments, and a further […]

Uber Technologies, Inc. (NYSE:UBER) is one of the Best Long-Term Stocks to Buy Now for High Returns. On May 18, Bloomberg reported that the company raised its stake in the German food-delivery company Delivery Hero SE. Now, the company owns 19.5% of Delivery Hero post the acquisition of additional shares and instruments, and a further […]

Uber Technologies (NYSE:UBER) announced a partnership with Nvidia focused on global robotaxi deployment. The company plans to commit $10b to autonomous vehicle efforts targeting operations in nearly 30 cities across 4 continents by 2028. This move centers on using Nvidia’s AI hardware and software to support Uber’s push into large scale self driving ride services. Uber shares last closed at $71.82, with the stock down 13.3% year to date and down 18.2% over the past year. Over a 3 year...

Uber Technologies (NYSE:UBER) announced a partnership with Nvidia focused on global robotaxi deployment. The company plans to commit $10b to autonomous vehicle efforts targeting operations in nearly 30 cities across 4 continents by 2028. This move centers on using Nvidia’s AI hardware and software to support Uber’s push into large scale self driving ride services. Uber shares last closed at $71.82, with the stock down 13.3% year to date and down 18.2% over the past year. Over a 3 year...

S&P 500 rally hides bubble signs: extreme concentration, record valuations & negative equity risk premium. Read the full analysis here.

Delivery Hero received takeover offer from Uber for €33 per share, representing 1.76% discount. Uber's stake build preceded the formal offer.

(Bloomberg) -- Uber Technologies Inc. has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about €10 billion ($11.6 billion) as it seeks to ramp up competition with DoorDash Inc. outside the US. Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks Con

Uber made an indicative €33-per-share takeover bid for Delivery Hero, its largest shareholder, as the German firm reviews its strategy.

Uber made an indicative €33-per-share takeover bid for Delivery Hero, its largest shareholder, as the German firm reviews its strategy.

Bill Ackman's Pershing Square Inc. stock has crashed and moved into a bear market.

Delivery Hero said on Saturday that Uber had offered to buy it in a deal that would value the company at over €10bn, after the FT reported that...

Delivery Hero said on Saturday that Uber had offered to buy it in a deal that would value the company at over €10bn, after the FT reported that...

(Bloomberg) -- Uber Technologies Inc. proposed buying Delivery Hero SE for €33 ($38) a share as it seeks to better compete with DoorDash Inc. outside the US. Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentUAE Joins Saudis, Qatar in Urging Trump Not to Restart WarTrump to Force Foreigners Seeking Green Cards to Go Home FirstAttack on UAE Nuclear Plant From Iraq ‘Warning Shot’ by IranMessi Joins Ronaldo in Billionaire Football Ranks After US DealsA statement from

Investing.com -- Ride-hailing companies Uber (NYSE: UBER) and DoorDash (NASDAQ: DASH) have held talks with investors of food delivery group Delivery Hero about a possible buyout, according to a Financial Times report on Saturday. This follows Friday’s Bloomberg report that Uber was considering a full takeover of Delivery Hero.

Investing.com -- Ride-hailing companies Uber (NYSE: UBER) and DoorDash (NASDAQ: DASH) have held talks with investors of food delivery group Delivery Hero about a possible buyout, according to a Financial Times report on Saturday.

Uber and DoorDash have held exploratory talks with investors in Delivery Hero ahead of a possible takeover bid, setting up a battle for the German...

Ashton Kutcher went from actor to investor. His investments have shown success and an early bet on OpenAI could be his most successful ever.

Expedia Group (NASDAQ:EXPE) used a company event marking 30 years of Expedia to outline new partnerships, artificial intelligence initiatives and partner tools aimed at increasing traveler demand and simplifying travel operations. CEO Ariane Gorin said the company’s purpose remains “to help travele

Expedia Group (NASDAQ:EXPE) used a company event marking 30 years of Expedia to outline new partnerships, artificial intelligence initiatives and partner tools aimed at increasing traveler demand and simplifying travel operations. CEO Ariane Gorin said the company’s purpose remains “to help travele

Uber is getting ready for the next market it needs to disrupt.

Uber is getting ready for the next market it needs to disrupt.

Uber Technologies (NYSE:UBER) is reported to be exploring a full takeover of European food delivery group Delivery Hero. The potential deal would expand Uber’s international delivery footprint as competition with DoorDash intensifies. In parallel, a bill advanced by the US House Transportation and Infrastructure Committee aims to sharply limit Uber’s liability for accidents and driver misconduct. For you as an investor, these developments sit at the core of what Uber does. The company runs...

Uber Technologies (NYSE:UBER) is reported to be exploring a full takeover of European food delivery group Delivery Hero. The potential deal would expand Uber’s international delivery footprint as competition with DoorDash intensifies. In parallel, a bill advanced by the US House Transportation and Infrastructure Committee aims to sharply limit Uber’s liability for accidents and driver misconduct. For you as an investor, these developments sit at the core of what Uber does. The company runs...

Nvidia Corp. CEO Jensen Huang announced the chipmaker’s partnership with ride-hailing giant Uber Technologies Inc. will target global expansion of Robotaxis in the next two years. 30 Cities With Uber During NVIDIA’s earnings call with investors on Wednesday, Huang shared...

Uber is reportedly considering a full acquisition of German peer Delivery Hero. Here’s why such a transaction may prove bullish for UBER shares.

Consumer stocks rose late Friday afternoon, with the State Street Consumer Staples Select Sector SPD