Amidst bustling streets, a Gap retail store stands tall, attracting passersby in Beijing, China. VCG | Getty Images Discover the companies driving conversations in the market today. SoFi Technologies — The financial technology stock experienced a 3.7% decline as KBW analyst Michael Perito downgraded the stock from underperform to market perform. Despite raising the price …
Uber’s stock price surged by 4% in premarket trading on Tuesday following the release of the company’s second-quarter results. Although the results fell short of analysts’ revenue expectations, Uber provided optimistic guidance for the future. Let’s dive into the details: Earnings per share: Uber reported earnings of 18 cents per share, exceeding analysts’ expectations of …
New York City’s iconic yellow taxis have long been a symbol of the bustling metropolis. However, it may come as a surprise that taxi drivers represent only around 10% of the total driver landscape in the city. This shift in the transportation industry has been largely attributed to the rise of Uber and Lyft, which …
A pedestrian walks by a Domino’s Pizza restaurant in San Francisco, Feb. 23, 2023. Justin Sullivan | Getty Images News | Getty Images Discover the companies making significant strides in the midday market. Domino’s Pizza — Dominos’ stock surged by 11.09% following the announcement that U.S. consumers can now order their products through Uber’s Uber …
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is actively involved in both the public and private markets in the United States. Unlike other US funds, PIF is not required to disclose its holdings in these markets. However, during the recent PGA-LIV merger hearings, a previously undisclosed list of PIF’s top public equity …
Car-sharing service Turo, social media platform Reddit, and grocery delivery service Instacart have all submitted IPO filings, but none have gone public yet. Despite a strong rebound in tech stocks and a pipeline of companies waiting to go public, the IPO market has been relatively quiet. The lack of notable venture-backed tech IPOs since December …
Bolt, in collaboration with robotics firm Starship Technologies, is preparing to revolutionize food delivery with the launch of self-driving robots. The Estonian ride-hailing company plans to introduce online food deliveries in Tallinn, its home city, using Starship’s suitcase-sized robots. This strategic partnership aims to provide sustainable transportation solutions, according to Markus Villig, the founder and …