Uber Technologies (UBER) shares are ripping higher on Wednesday morning after the ride-hailing giant confirmed it has added five major, diverse brands to its on-demand Uber Eats marketplace. As investors cheered the announcement, UBER broke above its key moving averages (20-day, 50-day, and 100-day), indicating bulls are beginning to take back control across multiple timeframes.
The latest trading day saw Uber Technologies (UBER) settling at $69.67, representing a -2.46% change from its previous close.
A new lawsuit takes aim at Uber's CEO and board over thousands of rider sexual assault claims. The shareholder lawsuit says that Uber cut corners "in the name of growing the company.
Uber Technologies (NYSE:UBER | UBER Price Prediction) at $70.91 sits in a holding pattern.
UBER's new family safety app integration lets parents request teen rides, track trips in real time and coordinate transportation through a single platform.
The Turkish Competition Board said on Friday it had approved Uber Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from Emirati controlling shareholder Mubadala.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is strengthening its autonomous vehicle strategy through new robotaxi expansion plans in the United States and Europe, moves that Bank of America analysts believe could improve investor sentiment toward the company. Uber recently announced plans to expand its autonomous vehicle partnerships to Houston with Nuro and Lucid, and to Zurich with WeRide.
Uber's Zurich robotaxi plan with WeRide marks its second European deployment as the partners push autonomous ride-hailing deeper.
The latest trading day saw Uber Technologies (UBER) settling at $70.91, representing a -3.19% change from its previous close.
Stellantis NV (NYSE:STLA, EPA:STLA), Wayve, and Uber Technologies Inc (NYSE:UBER, XETRA:UT8) have announced a new partnership aimed at accelerating the global rollout of fully autonomous ride-hailing services, marking a significant step in the race to commercialize driverless mobility. The agreement, disclosed Wednesday, outlines plans for the three companies to collaborate on the development and deployment of Level 4 (L4) robotaxis, vehicles capable of operating without human drivers under defined conditions.
CNBC's MacKenzie Sigalos reports on Uber's latest expansion of autonomous vehicles into Houston.
Uber plans to launch a premium robotaxi service in Houston by mid-2027, making it the second U.S. market under its partnership with EV maker Lucid and autonomous vehicle startup Nuro.