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Tue, 07 May 2024 21:53:32 +0000	Uber earnings, Fedspeak: What to Watch Here are some of the key events to watch for on Wednesday, May 8th. First quarter earnings season continues, with several companies scheduled to release their financial results, including Uber (UBER), Airbnb (ABNB), and AMC Entertainment (AMC). Additionally, Federal Reserve officials, including Fed Vice Chair Philip Jefferson, Boston Fed President Susan Collins, and Fed Governor Lisa Cook, will provide insight into inflation and the path for interest rates. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Tue, 07 May 2024 21:25:34 +0000	Is Lyft on the road to recovery after topping Q1 estimates? Lyft, Inc. (LYFT) beat first-quarter earnings estimates, reporting $1.28 billion in revenue, and pushing the stock higher in extended trading hours. D.A. Davidson Senior Research Analyst Tom White sits down with Market Domination Overtime to discuss the ride-hail company's latest earnings figures, as well as its growth in gross bookings and active rider counts. "We're seeing Lyft kind of recapture some share, part of that is due to some lower pricing that David Risher, the CEO, kind of implemented when he assumed the reins," White explains. "We're just trying to get a sense of whether or not these share gains are really sustainable or is this just kind of an inevitable kind of bit of recovery from a relatively depressed level of category share, and it's going to be hard for them to kind of meaningfully get to where they were, maybe pre-pandemic." White also weighs in on Uber's (UBER) earnings expectations as the Lyft competitor is scheduled to release results Wednesday morning. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Tue, 07 May 2024 20:27:13 +0000	Lyft stock pops on Q1 revenue beat, bookings growth Shares of Lyft (LYFT) are trading higher Tuesday, as the company posted a first quarter earnings beat on revenue. The ride-sharing giant surpassed analyst expectations, reporting a revenue of $1.28 billion, beating the estimated $1.17 billion. Lyft's performance was boosted by growth in both gross bookings and active rider counts, which also surpassed estimates for the quarter. Yahoo Finance's Josh Lipton and Jared Blikre breaks down the details of the earnings report. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Tue, 07 May 2024 20:03:49 +0000	Uber And Instacart Team Up. Rival DoorDash Stock Falls. Uber said Tuesday that it will team up with Instacart to add restaurant meals to Instacart's grocery delivery app. The announcement played as good news for Instacart stock but bad news for rival DoorDash, while Uber stock traded also closed lower. Uber said Instacart customers will soon be able to order restaurant meals through the Instacart app, powered by Uber Eats.
Tue, 07 May 2024 20:03:00 +0000	Uber Expected to Perform Well When It Reports Earnings Uber Technologies is scheduled to report first-quarter earnings before the stock market opens Wednesday, and Wall Street expects continued strength in bookings. “Our data checks suggest that the demand environment remains resilient for ride-share,” Deutsche Bank analyst Benjamin Black wrote in a note on May 3. Analysts surveyed by FactSet expect Uber to report first-quarter adjusted earnings of 22 cents a share on revenue of $10.1 billion.
Tue, 07 May 2024 17:16:18 +0000	UPDATE 1-Motional to pause robotaxi deployments with Uber, Lyft Self-driving technology company Motional said on Tuesday it will pause robotaxi deployments with ride-hailing firms Uber Technologies and Lyft, while it lays off staff as part of its restructuring process to focus on technology development. The development comes ahead of electric carmaker Tesla's unveiling of its robotaxi, dubbed "Cybercab", on Aug. 8 and as legacy automakers limit spending on expensive autonomous driving technology in the face of regulatory and safety hurdles. Motional said it has completed more than 100,000 autonomous rides in Las Vegas and food deliveries in Los Angeles.
Tue, 07 May 2024 13:53:00 +0000	Instacart, Uber Join Forces to Add Uber Eats to Instacart App Rivals Uber Technologies and Instacart have struck an unlikely partnership that will allow customers to order Uber Eats restaurant food via the Instacart app. The companies said the deal would bring more customers to Uber Eats and a new revenue source for Instacart, which will receive a fee from Uber for every restaurant order. DoorDash has the leading share in the U.S. restaurant-delivery market, ahead of Uber Eats.
Tue, 07 May 2024 13:41:18 +0000	Uber and Instacart Team Up on Restaurant Deliveries, Challenging DoorDash (Bloomberg) -- Instacart is partnering with Uber Technologies Inc. to offer restaurant delivery through the Instacart app — taking on the top US food delivery app, DoorDash Inc.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case TrialApple Revamps iPads With AI-Focused Pro Model, Bigger AirEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsInstacart users in the US will be able to order from hundreds of thousand
Tue, 07 May 2024 13:29:35 +0000	Instacart partners with Uber to offer food delivery services to customers in US Shares of Maplebear rose on news that its Instacart grocery-delivery app will let customers order from restaurants served by Uber Eats.
Tue, 07 May 2024 13:14:00 +0000	Instacart Stock Pops on Uber Partnership Instacart is teaming up with Uber Technologies to bring delivery to its customers through Uber Eats.
Tue, 07 May 2024 12:04:14 +0000	Instacart partners with Uber Eats to offer restaurant deliveries Grocery delivery company Instacart is partnering with Uber Eats to offer a new perk to its customers: restaurant delivery. San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a “Restaurants” tab in the company’s app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers.
Tue, 07 May 2024 12:00:00 +0000	Uber Eats to Power Restaurant Delivery on Instacart SAN FRANCISCO, May 07, 2024--Instacart (Nasdaq: CART) and Uber Technologies, Inc. (NYSE: UBER) today announced a strategic partnership to bring Uber Eats restaurant delivery to Instacart customers. In the coming weeks, Instacart customers nationwide will be able to use the Instacart app to order from hundreds of thousands of restaurants, powered by Uber Eats.
Tue, 07 May 2024 08:52:37 +0000	Instacart adds restaurant delivery with Uber Eats Over the next few weeks, Instacart will add a restaurant tab powered by Uber Eats to its app, giving Uber access to potentially millions of new customers.
Tue, 07 May 2024 07:10:09 +0000	Uber (UBER) Reports Earnings Tomorrow: What To Expect Ride sharing and on demand delivery service Uber (NYSE: UBER) will be reporting results tomorrow before market hours. Here's what to expect.
Mon, 06 May 2024 21:20:34 +0000	15 States with the Most Alcohol Related Deaths in the US In this article, we are going to discuss the 15 states with the most alcohol related deaths in the US. You can skip our detailed analysis of the economic cost of excessive drinking, the impact of Covid-19 on alcohol consumption in America, and the role of ride-sharing apps in preventing drunk driving, and go directly […]
Mon, 06 May 2024 20:29:00 +0000	Stocks Extend Rally Ahead of Busy Earnings Slate The S&P 500 rose 1%, while the Dow Jones Industrial Average added 0.5%. Walt Disney, Uber and Airbnb are among the companies reporting results this week.
Mon, 06 May 2024 18:48:20 +0000	UPDATE 1-Massachusetts top court hears challenges to gig worker ballot measures Massachusetts's highest court on Monday weighed whether ballot proposals that would redefine the relationship between app-based companies like Uber Technologies and Lyft and their drivers should be allowed to go before voters in November. Massachusetts Supreme Judicial Court justices expressed concern, during oral arguments in Boston, over parts of an industry-supported group's proposal to ask voters to affirm that under state law, drivers are independent contractors with some new benefits but cannot be considered company employees. Jennifer Grace Miller, a lawyer for the measure's opponents, said voters would be asked to weigh in on not one policy question but a series of separate areas of employment law that could not legally be bundled together for their consideration.
Mon, 06 May 2024 16:28:13 +0000	Uber Earnings: Wall Street Watching Bookings Growth, Robotaxi Debate Uber's Q1 earnings on Wednesday offer a chance to regain momentum for Uber stock, which has slowed after a strong 2023.
Mon, 06 May 2024 16:00:46 +0000	Uber Has 'Attractive Entry Point' Outlook as Key Metric Trails Rivals, Morgan Stanley Says Uber Has 'Attractive Entry Point' Outlook as Key Metric Trails Rivals, Morgan Stanley Says
Mon, 06 May 2024 13:30:11 +0000	Is It Worth Investing in Uber (UBER) Based on Wall Street's Bullish Views? Based on the average brokerage recommendation (ABR), Uber (UBER) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?