Latest Uber Technologies Inc News

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...

A child sits on the roof of a taxi during a taxi driver protest in downtown Madrid, Spain, Tuesday, June 30, 2020. Taxi drivers are demanding  assistance due to lack of clients and private hire. (AP Photo/Manu Fernandez)

Cab drivers in Madrid protest amid low post-outbreak demand

Jun. 30, 2020 8:55 AM EDT

MADRID (AP) — A wave of honking taxis took over a central Madrid avenue Tuesday to demand limits on the number of pay-for-ride vehicles amid a slump in demand due to the coronavirus pandemic. Two of the Spanish capital's main cab drivers' unions, the Professional Federation of Taxis in Madrid (FPTM) and...

FILE - In this June 28, 2018, file photo, State Sen. Bob Hertzberg, D-Van Nuys, left, and Assemblyman Ed Chau, D-Arcadia, right, celebrate with Alastair Mactaggart, center, after the Legislature approved their data privacy bill in Sacramento, Calif. California voters will decide a ballot measure this November that would give them more power over how companies use their data, an extension of a landmark privacy law passed in 2018. Secretary of State Alex Padilla announced Wednesday, June 25, 2020, a measure to amend the law will be on the Nov. 3 general election ballot. (AP Photo/Rich Pedroncelli, File)

Data privacy, other measures qualify for California ballot

Jun. 26, 2020 12:38 AM EDT

SACRAMENTO, Calif. (AP) — California voters will weigh in this November on whether to expand a landmark data privacy law, alter a decades-old law that limits property taxes on businesses and exempt ride-hail giants Uber and Lyft from a new state labor law. They are among 11 measures Secretary of State Alex...