Uber Technologies Stock News

Uber Technologies, Inc. remains a Buy, driven by strong secular tailwinds in mobility and rapid expansion in on-demand delivery and autonomous vehicle partnerships. UBER's delivery segment outpaces competitors with faster revenue growth, improving margins, and expanding partnerships, positioning it for long-term dominance. The company's asset-light model, vast driver network, and robust free ca...

Uber said on Thursday (Oct. 16), that it is introducing a new way for some of its U.S. drivers to earn money by taking on digital tasks tied to the company's data labeling business, Bloomberg reported. The program, launching later this fall, adds a “digital tasks” category to the Uber driver app.

The driverless vehicle market has the potential for explosive growth over the next two decades driven by technological advancements, safety improvements, and commercial applications and could be worth trillions of dollars as soon as 2030. It's likely to be a long bumpy road with challenges to gain public trust, navigate regulatory hurdles, and scale the business to generate profits.

On Wednesday, Pacer Advisors disclosed a major buy of Uber (UBER -1.64%), adding 4.1 million shares in an estimated $386.6 million transaction.

Uber says drivers and couriers in the U.S. will be able to make money through the company's app when they're not on the road. The example Uber gave is "uploading photos to help train AI models," which the company said is already being tested in India.

Bill Ackman is a well-known hedge fund manager who runs Pershing Square Capital Management, the firm he founded in 2004. His strategy emphasizes buying attractively priced shares in what he and his team believe are high-quality companies.

iShares Transportation Average ETF remains a buy, supported by compelling valuation despite technical risks and recent underperformance. IYT's portfolio now features Uber as its largest holding, adding growth potential to its traditionally value-oriented, industrial-heavy mix. The ETF trades at a P/E of 16x, presenting a significant discount to the S&P 500, with bullish seasonal trends expected...

When billionaire Ray Dalio talks, investors listen. Founder of the hedge fund Bridgewater Associates, Dalio has made moves that have generated impressive returns over the years.