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Uber forecasts quarterly operating profit above estimates on ride-hailing demand

(Reuters) -Uber Technologies on Tuesday forecast third-quarter operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company's shares rose about 4% in premarket trading, while rival Lyft's shares increased 2%, as Uber also reported a surprise second-quarter profit. Uber's cost controls ranging from layoffs to lower transaction costs and maintaini...
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Source: yahoo.com

Nasdaq, S&P 500 Futures Pullback After Strong July; Why This Analyst Recommends Staying Fully Invested - MicroStrategy (NASDAQ:MSTR), Arista Networks (NYSE:ANET), JetBlue Airways (NASDAQ:JBLU), Merck & Co (NYSE:MRK), Vertex Pharmaceuticals (NASDAQ:VRTX), Sirius XM Holdings (NASDAQ:SIRI), Pfizer (NYSE:PFE), Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Starbucks (NASDAQ:SBUX), Caterpillar (NYSE:CAT), Advanced Micro Devices (NASDAQ:AMD), Electronic Arts (NASDAQ:EA), SPDR S&P 500 (ARCA:SPY), Uber Technologies (NYSE:UBER)

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Need to Know: Manufacturing stalled in the first half. But now the stage is set for a recovery, says JPMorgan.

Need to Know: Manufacturing stalled in the first half. But now the stage is set for a recovery, says JPMorgan. Need to Know August 1, 2023 View in Web Browser Manufacturing stalled in the first half. But now the stage is set for a recovery, says JPMorgan. By Steve Goldstein Critical information for the
United States Jason Daw Michael Ashton Bruce Kasman Jetblue Airlines Institute For Supply Management

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