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Uber, Wayve Bring Robotaxis to London
The Wall Street Journal21d agoneutral
Uber, Wayve Bring Robotaxis to London

Starting Thursday, passengers using Uber’s app in the U.K. capital could be matched with a vehicle outfitted with Wayve’s autonomous-driving technology.

Uber Cuts Jobs; Dell Raises Revenue Forecast | Stock Movers
Bloomberg22d agobearishVIDEO
Uber Cuts Jobs; Dell Raises Revenue Forecast | Stock Movers

On this episode of Stock Movers: - Uber Technologies (UBER) is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. - Dell Technologies (DELL) shares gain after the company's second-quarter results beat expectations and it raised its full-year revenue forecast, supported by strong AI-related demand for its servers. - PG&E (PCG) plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California's wildfire response didn't do enough to protect the company and its peers from the cost of such disasters.

Uber to Cut 3,300 Jobs in Management Overhaul
Bloomberg22d agoneutralVIDEO
Uber to Cut 3,300 Jobs in Management Overhaul

Uber Technologies is cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. Carmen Reinicke has more on "Bloomberg Open Interest."

Uber Cuts 3,300 Jobs Worldwide
The Wall Street Journal22d agobearish
Uber Cuts 3,300 Jobs Worldwide

Uber said it’s laying off 3,300 people to trim management layers and streamline divisions. About 10% of the company’s staff will be eliminated, Uber CEO Dara Khosrowshahi said today in a letter to employees. The restructuring comes after Uber softened its outlook last month.

Delivery Hero H1 Earnings Call Highlights
MarketBeat28d agoneutral
Delivery Hero H1 Earnings Call Highlights

Delivery Hero (ETR:DHER) reported accelerating second-quarter growth and raised its full-year outlook across gross merchandise value, revenue, adjusted EBITDA and free cash flow, as the company said investments in its “Everyday App” strategy were supporting both customer engagement and profitability

Exclusive-Dutch regulator fines Uber $966 million for automating driver suspensions, document shows
Reuters34d agoneutral
Exclusive-Dutch regulator fines Uber $966 million for automating driver suspensions, document shows

The Dutch Data Protection Authority (AP) has decided to fine Uber €825 million ($966 million) under European data protection rules ‌for deactivating driver accounts through automated systems without adequately informing them, ‌according to an August 17 decision reviewed by Reuters. The penalty would be the second-largest ever issued ​under Europe's General Data Protection Regulation, behind a €1.2 billion fine imposed on Meta by Ireland in 2023 for unlawfully transferring European Facebook users' data to the United States, which Meta is appealing. Uber said it would also appeal.

Pony AI Q2 Earnings Call Highlights
MarketBeat37d agoneutral
Pony AI Q2 Earnings Call Highlights

Pony AI (NASDAQ:PONY) reported second-quarter 2026 revenue of $36.2 million, up 69% from $21.5 million a year earlier, as growth in its robotaxi business accelerated and its fleet expanded to approximately 2,000 vehicles. Chairman and CEO James Peng said robotaxi revenue rose 691% year over year to

Baidu Q2 Earnings Call Highlights
MarketBeat37d agoneutral
Baidu Q2 Earnings Call Highlights

Baidu (NASDAQ:BIDU) said its AI-powered businesses accounted for half of its general business revenue in the second quarter of 2026, as the company reported rapid growth in AI cloud infrastructure and outlined continued investment in chips, models, applications and autonomous driving. Total revenue

Travis Kelce Teams Up with Publicis to Tame the College NIL Scramble
The Wall Street Journal37d agoneutral
Travis Kelce Teams Up with Publicis to Tame the College NIL Scramble

Publicis Sports is teaming up with Kansas City Chiefs tight end Travis Kelce to tackle the Wild West of college athlete endorsements. The Publicis Groupe unit today announced Tekta, a name, image and likeness business to help brands select, structure and measure partnerships with student athletes and schools. Kelce will serve as an adviser, while the talent management firm that represents him, 3 Arts Sports, steps in as strategic operating partner.

Houthi Threat to Red Sea Shipping Rises
The Wall Street Journal37d agoneutral
Houthi Threat to Red Sea Shipping Rises

Houthi militants are ramping up attacks along Yemen’s Red Sea coast, shutting operations at a strategic seaport and pushing closer to the Bab al-Mandeb, a critical shipping chokepoint, The Wall Street Journal’s Jared Malsin and Saleh al-Batati write. The militant group’s recent missile and drone attacks forced the closure of the port of Mokha, a key logistics hub for civilian shipping and for anti-Houthi forces operating along the coast, Yemeni authorities said. Shutting down the port makes it harder for the anti-Houthi forces to resupply and resist Houthi attacks.