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Uber & Partners Reveal Robotaxi Design at CES: Sign of More Upside?
ZACKS· 2026-01-07 17:00
Key Takeaways UBER and partners revealed a production-ready robotaxi and new rider experience at CES 2026. On-road testing began in December, led by Nuro, using engineering prototypes in the Bay Area. Lucid will begin vehicle production in Arizona post-validation, tied to a 20,000-car deal with UBER.The race to develop autonomous vehicles (AVs) is entering an exciting phase. At the Consumer Electronics Show (“CES”) 2026, Uber Technologies (UBER) and partners Lucid Group (LCID) and Nuro, revealed the product ...
INVESTIGATION ALERT: Berger Montague PC Investigates Uber Technologies, Inc.'s Board of Directors for Breach of Fiduciary Duty (NYSE: UBER)
Prnewswire· 2026-01-07 15:36
PHILADELPHIA, Jan. 7, 2026 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC advises shareholders of Uber Technologies, Inc. (NYSE: UBER) ("Uber" or the "Company") about an investigation into Uber's Board of Directors (the "Board") for potential breaches of fiduciary duties owed to the Company and its shareholders, including whether the Board failed to exercise appropriate oversight and governance in connection with rider safety and driver's background checks. Shareholders of UBER may learn ...
Uber Technologies (UBER) Targeting Parking Spots With Eyes on SpotHero
Yahoo Finance· 2026-01-07 11:50
Uber Technologies Inc. (NYSE:UBER) is one of the 8 best American stocks to buy and hold in 2026. On December 31, Valida Pau and Cory Weinberg of The Information reported that Uber Technologies is in talks to acquire SpotHero, a parking app that is increasingly gaining traction among users. SpotHero is used to reserve parking spaces, something that offers a natural synergy with ride-hailing, Uber’s main business. For instance, Uber users could travel to a parking spot they have already booked and switch to ...
TomTom and Uber strengthen ties to enhance on-demand travel experiences globally
Globenewswire· 2026-01-06 06:30
Core Insights - TomTom and Uber have renewed their partnership to integrate TomTom's mapping technology into Uber's global platform, enhancing the overall user experience [1][4] Group 1: Partnership Details - The integration of TomTom's maps and APIs will improve Uber's routing, fare calculations, and accuracy in pick-up and drop-off locations, particularly in complex environments like airports and transit stations [2] - This partnership aims to reduce travel time and uncertainty, thereby enhancing the reliability of the service for both drivers and riders [2] Group 2: Data Integration and Feedback Loop - TomTom's mapping platform processes billions of data points from thousands of sources to keep maps updated, creating a feedback loop where real-world data from Uber trips is used to enhance TomTom's maps [3] - This continuous integration of data leads to improved updates on roads, turn restrictions, and closures, benefiting users of both companies [3] Group 3: Strategic Goals - Both companies are exploring new opportunities to introduce additional location-based tools, which will further expand Uber's capabilities and enhance user experience [4] - TomTom aims to position itself as a leader in location technology by providing accurate and fresh data through this partnership [4]
Uber Technologies Inc. (NYSE:UBER) Faces Competition but Shows Strong Growth Potential
Financial Modeling Prep· 2026-01-06 04:03
Wolfe Research sets a price target of $110 for Uber Technologies Inc. (NYSE:UBER), indicating a potential increase of 36.24% from its current price.Despite competition and a downgrade, Uber's financial performance and growth in core services remain strong, with a 20% increase in revenue and a 21% rise in gross bookings year-over-year.The Federal Reserve's rate cuts have positively impacted growth stocks like Uber, contributing to a 57% increase in its stock over the past five years.Uber Technologies Inc. (N ...
Marti's Ride-Hailing Service Reaches 3.38 Million Riders and 450 Thousand Registered Drivers, Exceeding December 31, 2025 Targets
Businesswire· 2025-12-31 11:00
ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. ("Marti†or the "Company†) (NYSE American: MRT), Türkiye's leading mobility super app, announced today that as of December 31, 2025, Marti's ride-hailing service has reached 3.38 million riders and 450 thousand registered drivers, exceeding the December 31, 2025 targets of 3.30 million riders and 450 thousand registered drivers. Marti's number of ride- hailing riders grew 34% from August 12, 2025 to December 31, 2025. The number of registered d. ...
Nvidia's Groq deal, S&P's winning week, leather tariffs and more in Morning Squawk
CNBC· 2025-12-26 12:59
Group 1: Nvidia's Acquisition - Nvidia has agreed to acquire assets from chip startup Groq for $20 billion in cash, marking its largest purchase to date [2][3] - The acquisition includes a nonexclusive licensing deal, with Groq's leadership team joining Nvidia to enhance and scale the licensed technology [2] Group 2: Market Performance - The S&P 500 has increased by 1.4% this week, setting new intraday and closing records, while the Dow Jones Industrial Average and Nasdaq Composite are also up more than 1% [7] - Historically, the last five trading days of the year and the first two of the new year have shown an average gain of 1.3% for the S&P 500 since 1950 [7] Group 3: Waymo's Service Update - Waymo has paused its robotaxi service in the San Francisco Bay Area due to expected heavy rain, following a previous service pause during a blackout that caused operational issues [8][9] Group 4: Leather Goods Pricing - Tariffs and supply chain bottlenecks are increasing prices for leather goods, with Tapestry estimating tariff-related expenses could reach $160 million [10] - The Yale Budget Lab projects that prices for leather goods will remain nearly 22% higher for the next one to two years due to significant tariff exposure [11]
Waymo resumes San Francisco service after power outage pause
Reuters· 2025-12-22 17:45
Alphabet unit Waymo said on Monday it resumed its ride-hailing service in the San Francisco Bay Area on Sunday, a day after temporarily suspending operations due to a widespread power outage that snar... ...
Wall Street Opens Strong Amid AI Momentum and Holiday Week Kick-off
Stock Market News· 2025-12-22 15:07
U.S. equity markets commenced the holiday-shortened week on a positive note this Monday, December 22, 2025, with major indexes posting modest gains in early trading. The upward momentum is largely attributed to a continued resurgence in artificial intelligence (AI) related stocks and a generally optimistic sentiment heading into the Christmas holiday. Investors are also closely monitoring key economic data releases scheduled for the week, which could provide further clues on the Federal Reserve's future pol ...
SoftBank races to fulfil $22.5 billion funding commitment to OpenAI by year-end, sources say
The Economic Times· 2025-12-20 06:01
Son has ‌slowed most other dealmaking at The Japanese conglomerate is also looking to cash out some of its holdings in Didi Global, the operator of China's dominant ride-hailing platform, which is looking to list its shares in Hong Kong after a regulatory crackdown forced it to delist in the U.S. in 2021, a source with direct knowledge said. Investment managers at SoftBank's Vision Fund are being directed toward the OpenAI deal, two of the above sources said. SoftBank's scramble to marshal funds offers a ...