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Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans
Reuters10d agoneutral
Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings ‌growth and reaffirming plans to invest heavily in robotaxis and acquisitions. The global ‌ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8-billion ​deal for Delivery Hero last month, which it plans to fund with existing liquidity and debt. The company on Wednesday also outlined plans to spend more than $10 billion on autonomous vehicles over the coming years, but did not provide a specific ‌timeline.

Bloomberg10d agoneutral
Uber Gives In-Line Outlook, Says Brazil Rivals Hurt Trips Growth

(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families

Bloomberg11d agoneutral
Polymarket Seeks More Than $20 Billion Valuation in Funding Round

(Bloomberg) -- Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundChina’s AI Blitz Creates ‘Death Zone’ for Riv

Bloomberg11d agoneutral
Uber’s Robotaxi Ambition to Face Scrutiny as Shares Languish

(Bloomberg) -- The breakdown of Uber Technologies Inc.’s robotaxi partnership with Alphabet Inc.’s Waymo is looming large over the ride-hailing giant’s quarterly results, as investors grow anxious about the stock that has lagged the broader market this year. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders

Bloomberg11d agoneutral
You’re In: Private Colleges Admit More Students Who Didn’t Apply

(Bloomberg) -- Wingate University told thousands of high schoolers some good news: They were already accepted into the class of 2030, and they’d be receiving $24,000 of scholarships. No application required. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundS&P 500 Closes Near Rec

Option Volatility And Earnings Report For Aug 3 - 7
Barchart12d agoneutral
Option Volatility And Earnings Report For Aug 3 - 7

It is another big week on the earnings front with a lots of big name companies reporting. This week could make or break the market. This week we have SpaceX, Advanced Micro Devices, Palantir Technologies, Sandisk, Uber Technologies, McDonald’s, Caterpillar, Merck & Company, Disney, Shopify and Arista Networks all reporting in what shapes as a busy and pivotal week for stocks.

Jobs Numbers, SpaceX Earnings: What to Watch This Week
The Wall Street Journal12d agoneutral
Jobs Numbers, SpaceX Earnings: What to Watch This Week

The monthly jobs report comes out Friday. Before that, Elon Musk’s SpaceX will post its first earnings report as a listed company. Also reporting: Walt Disney; tech companies Palantir and Advanced Micro Devices; ride-sharing firms Uber and Lyft; private-equity firms Apollo, Carlyle and TPG; and fast-food chains McDonald's and Wendy’s.

Earnings, PMI and Other Key Things to Watch this Week
Barchart13d agoneutral
Earnings, PMI and Other Key Things to Watch this Week

Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors. This will provide a critical assessment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.

Rivian Automotive Q2 Earnings Call Highlights
MarketBeat14d agoneutral
Rivian Automotive Q2 Earnings Call Highlights

Rivian Automotive (NASDAQ:RIVN) said it began external customer deliveries of its R2 vehicle in June, marking a key step in the electric-vehicle maker’s plans to expand volume and improve profitability. The company also raised its 2026 delivery outlook after reporting second-quarter deliveries above

London Stock Exchange Group H1 Earnings Call Highlights
MarketBeat16d agoneutral
London Stock Exchange Group H1 Earnings Call Highlights

London Stock Exchange Group (LON:LSEG) reported stronger first-half growth, margin expansion and cash generation, while raising its full-year revenue and EBITDA margin outlook. The company also emphasized its expanding role as a data and technology partner for financial-services customers adopting a

Uber autonomous vehicle outlook in focus for Q2 earnings
Proactive18d agoneutral
Uber autonomous vehicle outlook in focus for Q2 earnings

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is expected to report second quarter results that meet or modestly exceed Wall Street expectations, with analysts also anticipating investor attention to center on the company's autonomous vehicle strategy and outlook. Bank of America reiterated...