A bill in Washington, D.C. proposing widespread use of autonomous vehicles (AVs) faces strong opposition from labor unions concerned about job losses and wage impacts for gig drivers. Surprisingly, Uber has aligned with these unions, advocating for a hybrid model where human drivers and AVs coexist to protect employment. This stance contrasts with Uber's past opposition to labor protections but reflects tensions with Waymo, its AV partner, as the partnership strains. The debate highlights broader challenges in balancing innovation with workforce impacts in the evolving transportation sector.
Uber has significantly increased its involvement in autonomous vehicle (AV) technology by partnering with and investing in over 30 AV companies worldwide since 2023. After selling its own AV division in 2020, Uber shifted focus back to AVs through st...
As August begins, the market outlook is cautiously optimistic with expectations that macroeconomic factors will regain focus after the earnings season's idiosyncratic volatility fades. Key upcoming events like July's CPI, PCE data, and the Jackson Ho...
Six US politicians, including President Trump and Nancy Pelosi, have collectively purchased over $6 million in Uber stock in 2026. Their investments reflect confidence in Uber's growth potential, particularly from autonomous vehicles and Uber Eats. W...
Uber Technologies' stock fell 20% even after reporting strong first-quarter results and announcing a €12.7 billion acquisition of Delivery Hero, which will create a global duopoly with DoorDash in food delivery. The company is also advancing its auto...
Uber is expected to report Q2 results in line with or slightly above expectations, with revenue around $14.2 billion and strong gross bookings growth. Analysts from Bank of America and Jefferies highlight that investor focus will be on Uber's autonom...
