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May 23, 2022

Uber Technologies Inc

Robotaxis look like the best short-term bet in autonomous vehicle future

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CNBC – For more and to sign up click here An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet‘s Waymo......

Amazon tests using Flex drivers to make mall deliveries

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CNBC – For more and to sign up click here Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages......

Netflix lays off 150 employees as the streaming service contends with big subscriber losses

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CNBC – For more and to sign up click here Netflix is laying off around 150 employees across the company, CNBC confirmed Tuesday. The eliminated positions represent less than 2% of the streamer’s 11,000 staffers, with most of the cuts happening in the U.S. “As we explained on earnings, our......

Uber’s big new update lets you book party buses, electric vehicles and more — here’s what’s new

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CNBC – For more and to sign up click here Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., smiles during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Dec. 14, 2021. David Paul Morris | Reuters Uber announced its latest slate of updates Monday ahead......

Start-up investor Jason Calacanis raising millions of dollars for Musk’s Twitter deal

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CNBC – For more and to sign up click here Jason Calacanis Adam Jeffery | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to......

Stocks making the biggest moves midday: Palantir, Rivian, Uber and more

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CNBC – For more and to sign up click here Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir......

Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’

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CNBC – For more and to sign up click here Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors......

Stocks making the biggest moves midday: Uber, Lyft, Airbnb, Starbucks and more

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CNBC – For more and to sign up click here Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued......

Uber reports surging revenue as drivers return, but posts massive loss on investments

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CNBC – For more and to sign up click here Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. But it also reported a......

Stocks making the biggest moves premarket: Uber, Brinker, Generac and more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries......

Major companies, including Disney and Walmart, keep largely silent as leaked Supreme Court abortion draft sparks outrage

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CNBC – For more and to sign up click here Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion......

Lyft shares plunge on light guidance, continued driver incentives

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CNBC – For more and to sign up click here A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S.,......

Lyft, Uber will cover legal fees for drivers sued under Oklahoma abortion law

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CNBC – For more and to sign up click here Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft and Uber said this week they will fully cover......

PayPal’s quarter was OK, but guidance was the reset lower that we expected

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CNBC – For more and to sign up click here PayPal reported a fine first-quarter result Wednesday evening, but the cut to guidance is what will get the most attention. Source – Click here for more To Return to the Main Aggregate News Page – click here...

How the Golden State Warriors plan to become more than a basketball team

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CNBC – For more and to sign up click here Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | National Basketball Association | Getty Images The......

American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off

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CNBC – For more and to sign up click here Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes......

Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company

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CNBC – For more and to sign up click here The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors......

Investing Club: What Cramer is watching Wednesday — bracing for more declines after Fed’s unsubtle shift in attack on rising prices

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CNBC – For more and to sign up click here The Federal Reserve Governor gave a hawkish speech Tuesday, leading us at the Club to believe we must get more conservative. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Uber looks to create travel ‘superapp’ by adding planes, trains and rental cars

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CNBC – For more and to sign up click here Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber is driving ahead with its plan to become a travel “superapp”. The San Francisco-headquartered......

Tech companies cautiously bring people back while contending with hesitant employees

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CNBC – For more and to sign up click here Atsuko Bolinguit, with tech startup company Fast, works in the office at her desk on March 24, 2021 in San Francisco, California. Justin Sullivan | Getty Images Starting Monday, Google is bringing most employees back to assigned physical offices three......

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