The Trump transition team is considering a former Uber executive and three current or former Republican congressmen – one of whom is now a Fox News host – to lead the US Department of Transportation, eight sources familiar with the matter told Reuters. Emil Michael, a Trump donor and technology entrepreneur who knows Elon Musk…
Some Uber and Lyft drivers are striking deals with passengers for rides outside the apps. Drivers say they’re trying to make up for low-paying gigs through the rideshare apps. Going outside the apps raises safety and insurance concerns, the companies said. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Uber (UBER) reported third quarter results, beating Wall Street expectations on both revenue and earnings. The rideshare platform posted revenue of $11.19 billion, surpassing estimates of $10.99 billion. Adjusted earnings per share reached $1.20, significantly higher than the anticipated $0.45. Despite these positive metrics, Uber’s stock faced pressure due to weaker-than-expected gross bookings and a…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
In This Story Tesla (TSLA) stock is staying strong in trading Thursday after the company delivered earnings that largely surprised Wall Street and Elon Musk delivered a new round of optimistic forecasts. Prada is making spacesuits for NASA and the price tag is out of this world The automaker reported improved operating profit margins, automotive…
Uber (UBER) shares ticked higher on Friday after Tesla’s (TSLA) robotaxi event left investors largely disappointed. GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the competition between the two and why Uber benefitted from the event. “Both Tesla stock and Uber reacted the way you would have expected given the…
Uber and Lyft have been locking New York City drivers out of their apps to avoid paying millions of dollars in pay, according to a report. Rideshare app drivers have been getting locked out of the two apps – with messages that flash “unable to go online” or tell drivers to go to a busier…
In This Story Tesla (TSLA) CEO Elon Musk is primed to unveil his company’s efforts to produce a self-driving “robotaxi,” either delivering a massive win for investors that justifies sacrificing a widely anticipated car — or a major disappointment. The next Nvidia? Data center stocks could be a goldmine, strategist says Musk has been talking…
Uber has partnered with independent creative agency Special to highlight the challenges of traditional street hailing in a new campaign featuring martial arts star Louis Koo. The campaign plays on the double meaning of ‘Kung Fu’, which in Cantonese also means ‘effort’. A full-scale Kung Fu-style standoff becomes a fitting metaphor for the struggle of…
When Elon Musk unveils Tesla’s robotaxi concept car on Oct. 10 in Los Angeles, it will be the first new product reveal since his prototype Optimus robot two years ago. In a sign of just how grand the scale should be, he’s reportedly rented out the full Warner Bros. studio lot outside Hollywood. The stakes…