Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers. The high court declined to weigh in on the case, without offering comment, Politico reported Monday (Oct. 7). Neither Uber nor Lyft responded to PYMNTS' request for comment. The companies had contended that the suits — which sought back pay for withheld minimum wage, overtime and other ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying UBER stock? Here's what analysts think: Uber Technologies Inc has a consensus price target of $88 based on the ratings of 35 analysts. The high is $100 issued by Jefferies on May 9, 2024. The low is $62 issued by Nomura on December 29, 2023. The 3 most-recent analyst ratings were released by Truist Sec ...

Uber Technologies Inc. UBER stock has been on quite a ride, climbing 24.94% year-to-date and 62.31% over the past year. But while the company's robot-filled future is making headlines, the technicals tell a different story. Uber may be automating deliveries, but its stock movement is hitting some resistance. UBER Stock Chart: Short-Term Bears, Long-Term Bulls Chart created using Benzinga Pro Currently, Uber stock's price is $72.94, just below its eight-day and 20-day simple moving averages (SMA) of $74.72 a ...

Uber has launched a partnership with delivery robot/autonomous vehicle maker Avirde. The collaboration will launch in the coming weeks in Austin, letting Uber Eats customers get their food delivered by Avride's sidewalk robots, per a Thursday (Oct. 3) press release. It will then expand to Dallas and Jersey City later this year. The ride-hailing side of the partnership is expected to launch in Dallas sometime in 2025, according to the release. With that launch, customers who request a delivery or ride from U ...

Uber is not done snatching up autonomous vehicle partnerships. The ride-hail and delivery giant on Thursday announced a multi-year deal with Yandex spinout Avride to bring the company's sidewalk delivery robots and autonomous vehicles to both Uber Eats and Uber. It's the latest in a series of deals from Uber over the last two months as the company aims to position itself as the ideal partner for AV companies looking to commercialize. Avride is one of four projects under parent company Nebius Group, which is ...

A couple who suffered serious injuries in a crash while in an Uber have been told they cannot sue the firm - because they previously agreed to terms for Uber Eats. Georgia and John McGinty, from New Jersey, tried to sue the taxi service company in a complaint on 23 February 2023 after an Uber driver "ran a red light and t-boned a vehicle", according to court documents. Mrs McGinty needed "numerous surgeries" after suffering cervical and spine fractures, a protruding hernia and injuries to her pelvic floor. ...

Waymo has gotten one step closer to a commercial launch in Austin by early 2025. This week, the company will open its fully autonomous ride-hailing service to certain members of the public in the city as part of an ongoing partnership with Uber. The expansion in Austin marks the second city after Phoenix where Waymo is offering its robotaxis via the Uber app. And it comes two weeks after Waymo said it would offer its robotaxi service exclusively through the Uber app in the city, as well as in Atlanta, by ne ...

In the latest trading session, Uber Technologies (UBER) closed at $75.16, marking a -0.78% move from the previous day. This change lagged the S&P 500's 0.42% gain on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. Shares of the ride-hailing company witnessed a gain of 3.58% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.78% and the S&P 500's gain of 2.06%. Analysts and investors alike will be keeping a close e ...

Amid the sharp stock market rally over the past year, accelerated with the recent Fed rate cuts, I've taken a long and hard look at my portfolio, specifically the winners. My macro outlook is more cautious over the next two With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on See ...

These massive companies still have plenty of room to run. Bull and bear markets come and go, but great businesses can remain in your portfolio to grow your returns through the years. Although strategies like market timing can be tempting, the reality is these don't work and could actually result in you losing money rapidly. Instead, if you invest cash in all types of markets and only into companies that are quality investments which align with your portfolio objectives, you can ensure you benefit from the b ...