Latest Uber Technologies Inc News

Protesters assemble at a Fargo, N.D. park before a planned march to City Hall to mark the Juneteenth celebrations and press city leaders to make changes to police policy and open up communication in the wake of the deaths of George Floyd and others on June 19, 2020 in Fargo. (AP Photo by David Kolpack)

Fargo activist finds support as he fights for racial justice

Jul. 11, 2020 1:02 AM EDT

FARGO, N.D. (AP) — Wess Philome didn’t intend to become a prominent voice for racial justice in Fargo. But the killing of George Floyd in Minneapolis on May 25 created an urgency to do something. “The entire week my heart was just bleeding,” he told Minnesota Public Radio News....

Driver Frank Robinson confirms on his smart phone a delivery of food to a Brooklyn resident, left, Tuesday, July 7, 2020, in New York. The HUNGRY program

Virus forces catering platform to find new audience, purpose

Jul. 9, 2020 11:01 AM EDT

NEW YORK (AP) — When it launched in 2017, the catering tech platform HUNGRY had one customer in mind: well-heeled office workers. The goal was to bring delicious meals to places like Microsoft, Amazon and Google by creating networks of chefs and deliverers. HUNGRY was going to be the Uber of catering....

FILE - In this July 21, 2016, file photo, entrepreneur Peter Thiel speaks during the final day of the Republican National Convention in Cleveland. The Silicon Valley data-mining firm Palantir Technologies says it has confidentially filed to go public, setting up what could be the biggest public stock offering of a technology company since Uber’s debut in 2019. (AP Photo/J. Scott Applewhite, File)

Data-mining firm Palantir files for stealth public offering

Jul. 7, 2020 12:38 PM EDT

The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year. Founded in 2004 by investors including Peter Thiel, the company works with governments, law enforcement...

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)

Asia markets slip as virus outbreaks mute hopes for rebound

Jul. 7, 2020 12:42 AM EDT

TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea's Kospi...

FILE - In this May 15, 2020 file photo, an Uber sign is displayed inside a car in Chicago. Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday, July 6.  (AP Photo/Nam Y. Huh, File)

Uber buys Postmates, ups delivery game in $2.65 billion deal

Jul. 6, 2020 6:04 PM EDT

SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has...

How major US stock indexes fared Monday

Jul. 6, 2020 4:36 PM EDT

Stocks closed broadly higher on Wall Street Monday, reflecting investor optimism that the economy can continue its turnaround despite all the challenges ahead of it. Technology companies accounted for a big slice of the gains, which helped to push the Nasdaq to another all-time high. Only utilities lagged....

Thermo Fisher, Uber rise; Bellus, Dominion fall

Jul. 6, 2020 4:17 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: Sina Corp., up $3.87 to $40.54. The Chinese online media company received a buyout offer from a company controlled by its own CEO. Sally Beauty Holdings Inc., up 39 cents to $13.47. The cosmetics retailer gave investors a...

FILE - In this Nov. 6, 2019, file photo, a restaurant advertises Uber Eats in the Coconut Grove neighborhood in Miami. Some app-based delivery companies have announced hiring sprees to cope with a surge in orders from millions of people stuck at home during the coronavirus outbreak. Uber has an internal app that helps its ride-hailing drivers find work for Uber Eats and other jobs. (AP Photo/Lynne Sladky, File)

Uber buys Postmates for $2.65 billion as food delivery companies try to survive a crowded, intensely competitive field

Jul. 6, 2020 8:10 AM EDT
SAN FRANCISCO (AP) — Uber buys Postmates for $2.65 billion as food delivery companies try to survive a crowded, intensely competitive field.
Instacart worker Saori Okawa loads groceries into her car for home delivery on Wednesday, July 1, 2020, in San Leandro, Calif. Okawa is one of an estimated 1.5 million so-called gig workers who make a living driving people to airports, picking out produce at grocery stores or providing childcare for working parents. But with the pandemic pummeling the global economy and U.S. unemployment reaching heights not seen since the Great Depression, gig workers are clamoring for jobs that often pay less while facing stiff competition from a crush of newly unemployed workers also attempting to patch together a livelihood until the economy recovers. (AP Photo/Ben Margot)

Gig workers face shifting roles, competition in pandemic

Jul. 5, 2020 12:34 PM EDT

NEW YORK (AP) — There were the two-hour, unpaid waits outside supermarkets when San Francisco first started to lock down, on top of the heavy shopping bags that had to be lugged up countless flights of stairs. And yet even after signing up for several apps, 39-year-old Saori Okawa still wasn't making as...

In this Wednesday, June 24, 2020, photograph, Noah Hicks, owner of Spokehouse Bikes in the Upham's Corner neighborhood of Boston, poses at his shop. Many from outside Boston have donated to and shopped at the store which was robbed and vandalized earlier in the month. (AP Photo/Charles Krupa)

Black-owned businesses see sales surge amid racism reckoning

Jul. 2, 2020 7:03 AM EDT

BOSTON (AP) — When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge, Massachusetts, resident decided to skip his local cycle shops in favor of a Black-owned one a few miles away in Boston’s Dorchester neighborhood. At Spokehouse, a bike shop with...