Company
Uber Technologies Inc
NYSE:UBER
Uber Technologies Inc develops and operates technology applications supporting a variety of offerings on its platform. The company connects consumers with providers of ride services, merchants, and food delivery services as well as public transportation networks. Its segments include Mobility, Delivery and Freight.
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Wall Street closes higher as cooling inflation lifts chip stocks, rate hopes
June's CPI rate eased to 3.5% from 4.2%, below forecasts of 3.8%
Dow closes in the green after hitting its highest level since February 2022 during Tuesday session
The Dow closed Tuesday up 71 points, 0.2%, at 35,631, while the Nasdaq Composite fell 62 points, 0.4%, to 14,284 and the S&P 500 shed 12 points, 0.3%, to 4,577
Uber faces blow as California court allows class-action case
Uber will have to face a class-action lawsuit over claims drivers should be granted work-related expenses
Uber and DoorDash could beat the market in 2023 as food delivery sector improves, Oppenheimer analysts say
The firm has a $45 price target on Uber and a $70 target on DoorDash
Uber gets price target bumped up by Oppenheimer on strong 4Q forecast
Oppenheimer raised the share price target to US$45 from $42 and reiterated a rating of Outperform
Uber Eats to deliver groceries for Iceland in London
Last week, Uber Eats confirmed a similar partnership with Boots
Uber and Lyft see shares drop as Biden administration proposes new gig worker rule
The Biden administration is proposing a new rule that could put more gig workers on company payrolls, scrapping a Trump administration rule from 2021 that made it easier for firms to classify workers as independent contractors