Today’s most important price target changes
Cowen raised the price target on Tesla (TSLA) to $140.00 from $122.00 while maintaining a Market Perform rating.The company’s shares surged more than 10% today after it insisted that...
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The Margin: Food delivery taken to the max or a college prank? Delivery guy interrupts college basketball game
The delivery worker walked onto the court during a basketball game between the Loyola Chicago Ramblers and Duquesne Dukes.
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Financial Crime: Ex-federal investigator lost job after baseball-card addiction led him to moonlight as Amazon and Uber driver
Sean Nelson’s collecting led him to financial ruin and almost blew up his marriage; now he has been sentenced for using his government car for sideline gigs.
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Taxi drivers in Cancun drop airport blockade protesting Uber
MEXICO CITY (Reuters) – Travelers reached the airport in Mexico’s tourist hot spot of Cancun without problem on Tuesday after a protest by local taxi drivers against ride-share app Uber...
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Uber Freight laying off 150, about 3% of workforce
(Reuters) – Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services.
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Uber Freight cuts 150 jobs, about 3% of the unit's headcount
Uber Freight laid off 150 employees on Monday, the first such cuts to hit any part of Uber since the onset of Covid in 2020.
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News24.com | Uber ordered to pay French drivers up R370 million in compensation
French Uber drivers must be considered as employees rather than as self-employed.
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French court orders Uber to pay some $18 million to drivers, company to appeal
By Tassilo Hummel PARIS (Reuters) – French court on Friday ordered Uber to pay around 17 million euros ($18.43 million) in damages and lost salaries to a group of drivers who argued they...
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Uber working with automakers to design lower cost EVs - WSJ
By Sam Boughedda Uber (NYSE:UBER) is said to be working with automakers to design electric vehicles at a lower cost, tailored to its ride-hailing and delivery business, according to The Wall...
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Davos 2023-Uber not planning any company-wide layoffs -CEO
DAVOS, Switzerland (Reuters) – Uber Chief Executive Dara Khosrowshahi said in Davos on Thursday that he was not currently planning any company-wide layoffs.
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: ‘Sometimes, there is no way for drivers to prove their innocence’: Rules seek to address apps banning gig workers
Some states and cities have acted to require protections for gig workers who face deactivation from apps, with the latest move coming from Chicago.
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French Uber drivers to earn more than $8 per ride after union deal
By Mathieu Rosemain PARIS (Reuters) – France’s Uber drivers are poised to earn a minimum of 7.65 euros net ($8.25) per ride after a sector-wide deal with unions, setting up a precedent...
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Goldman Sachs, Pfizer fall premarket; Morgan Stanley, Coinbase rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, January 17th. Please refresh for updates. Goldman Sachs (NYSE:GS) stock fell 2.4% after the investment bank's...
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Hertz to offer 25,000 EV rentals to Uber drivers in Europe
By Nick CareyLONDON (Reuters) - Car rental firm Hertz will make up to 25,000 electric vehicles (EVs) available to rent to drivers of ride-hailing company Uber in European capitals by 2025,...
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: Pay raises for Uber and Lyft drivers ‘held up by a technicality,’ NYC judge says
A judge who blocked what he called a deserved pay raise for ride-hailing drivers in New York is asking the commission that mandated raises to show its work.
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S&P 500 likely 'flattish' in 2023, Meta Platforms the best mega-cap stock - JPM's survey
By Senad Karaahmetovic According to a survey conducted by JPMorgan, the S&P 500 is likely to deliver a “flattish” performance in 2023. The broker’s buy-side survey...
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Today's most important upgrades
By Davit Kirakosyan Zillow Group, Inc. (NASDAQ:ZG) (NASDAQ:Z) shares surged more than 8% intra-day today after BofA Securities upgraded the company to Buy from Underperform and raised...
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Uber has a long runway for growth, Lyft profit constrained and DoorDash share gains to slow - Jefferies
By Sam Boughedda Jefferies analysts assumed Uber (NYSE:UBER) with a Buy rating, Lyft (NASDAQ:LYFT) with a Hold rating, and initiated DoorDash (NYSE:DASH) with an Underperform rating in...
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DoorDash downgraded, Uber upgraded at Piper Sandler with vehicle prices near all-time highs
By Sam Boughedda Piper Sandler analysts upgraded Uber (NYSE:UBER) to Overweight from Neutral and downgraded DoorDash Inc (NYSE:DASH) to Underweight from Neutral in a note to clients...
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Tesla, Alibaba, Abercrombie & Fitch rise premarket; Lululemon falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, January 9th. Please refresh for updates. Tesla (NASDAQ:TSLA) stock rose 3.5% after the electric car...
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Top central banker says Fed officials screwed up on inflation because of Uber-like 'surge pricing' that they didn't think was possible
"Why did we miss it?" Minneapolis Federal Reserve President Neel Kashkari wrote in a Wednesday article when discussing the rise of inflation. His answer: "surge pricing inflation."
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NerdWallet: Taxis still reign over rideshares in some places. Here are 6 safety tips for taking taxis when you travel.
Here are six quick safety tips for navigating your taxi situation while traveling so you’ll never feel uneasy in the back seat.
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Uber Eats vs Mr D Food vs Bolt Food — Delivery price face-off
We compared the prices of ordering several popular restaurants' meals via Uber Eats, Mr D Food, and Bolt Food.
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Meta Platforms and Uber top picks at Mizuho in 2023
By Sam Boughedda In a note to clients on Thursday, Mizuho Securities analyst said Meta Platforms Inc (NASDAQ:META) and Uber (NYSE:UBER) are the firm's top U.S. internet picks in 2023. During...
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The Ratings Game: Uber, DoorDash and Lyft could see hundreds of thousands of new gig workers this year, analysts say
Bank of America analysts wrote Tuesday that gig companies could see an upside from a recession and higher unemployment: hundreds of thousands more gig workers.
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Key Words: Grubhub co-founder: ‘When you care about delivering a better product,’ don’t rely solely on the gig-work model
Mike Evans reiterated in a video interview that he thinks the gig-economy model of only using contractors instead of employees is flawed.
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Load-shedding killing Uber deliveries from smaller restaurants
Many South Africans are under the impression that Uber and its delivery people are coining it at dinner time when load-shedding strikes. The reality is a bit more complicated.
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Alphabet, Meta Platforms in a recession, Amazon, Uber, Airbnb for risk-on — BofA
By Sam Boughedda In a research note Thursday, BofA analysts told investors that Alphabet (NASDAQ:GOOGL) and Meta Platforms Inc (NASDAQ:META) are stocks to own in an average to severe...
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: Uber and Lyft’s fight with California takes on bigger question of voters’ sway
What happens next in the saga of Proposition 22 is in the hands of an appeals court, and the results could have much larger implications.
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Uber’s Spanish food delivery platform agrees in court to pay severance to 4,400 riders
MADRID (Reuters) – Uber’s Spanish food delivery platform has agreed in court to pay severance to 4,400 riders it had fired, local union UGT said on Tuesday.
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