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☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ The extraordinary ancient secret places hidden under Turkey
▼ + stars: | 2024-04-23 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Less obviously visible but equally impressive are the historical treasures, some more than 12,000 years old, that can be found underground. Unlike the Basilica, this underground chamber was completely forgotten about until less than 15 years ago. Other than locals herding their livestock through the ruins of a garrison city dating to the 6th century, few people went there. Now, the site has given up numerous treasures including rock-cut tombs, an olive processing workshop and a series of underground cisterns. Yeraltı, literally meaning underground, was originally a dungeon in the basement of a fort built by the Byzantines in the 8th century CE.

Persons: James Bond, Theodosius II, Theodosius, Derinkuyu, tufa, émigrés, Han, Rümeli Han, Sarıcazade Ragıp Pasha, Sultan Abdülhamid II’s, Sancaklar, Göbeklitepe, Yeraltı, –, Fatih Sultan Mehmet, Grand Vizier Bahir Mustafa Paşa, dervish Organizations: CNN, Love, UNESCO, Şanlıurfa Archaeology Locations: Turkey, Europe, Asia, Russia, Faith, Istanbul, Constantinople, Fatih, Belgrade Forest, Valens, Dara, Mardin, Nevşehir, Cappadocia, Derinkuyu, Taksim, stairwells, Sancaklar, Büyükçekmece, Mecca, Göbeklitepe, everyone’s, Şanlıurfa, Karaköy, Yeraltı, Ottoman, Grand

☆ Buy these 'AI revolutionaries' trading at a discount, Evercore ISI says
▼ + stars: | 2024-04-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The artificial intelligence revolution is just getting started, and that means there are opportunities for investors to scoop up some names at a discount, according to Evercore ISI. Yet adoption is low, with less than 5% of U.S. firms reporting using AI, he said, citing U.S. Census Bureau data. To find "AI revolutionaries" that are trading at a discount, Evercore ISI looked for companies in the Russell 1000 with strongly trending AI mentions — either surpassing the index or the company's sector average. One of the names on the list is Uber Technologies , which mentioned AI 17 times last year. The company is also using AI to increase productivity.

Persons: OpenAI's ChatGPT, Julian Emanuel, Emanuel, Russell, —, Uber's, Dara Khosrowshahi, they're, CNBC's, Goldman Sachs, David Solomon, Solomon, Goldman's, Penny, Glenn Fogel, Fogel Organizations: ISI, Census, Nvidia, Nasdaq, Uber Technologies, Holdings Locations: U.S

☆ Earnings playbook: Your guide to trading the biggest reports of the week, including Netflix and Goldman Sachs
▼ + stars: | 2024-04-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

What history shows: Goldman Sachs beats earnings estimates 85% of the time, according to Bespoke Investment Group. What CNBC is watching: Bank of America shares have struggled lately, losing 5.6% this month as investors reprice rate cut expectations. Morgan Stanley is set to report earnings before the open. United Airlines is set to report earnings after the close. Thursday Netflix is set to report earnings after the close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Goldman, Devin Ryan, Morgan, Ryan, UNH, UnitedHealth, LSEG, UAL, Leslie Josephs, Oppenheimer, Jason Helfstein, Procter & Gamble, Dara Mohsenian, Procter Organizations: Bank of America, Netflix, JPMorgan, CNBC, JMP Securities, Investment, Tuesday Bank of America, UBS, BofA, Dow Jones Industrial, Street, United Airlines, Boeing, Max, Federal Aviation Administration, San Francisco, United, Procter & Locations: Charlotte, San, U.S, China

Editor’s Note: In this appeal to Congress, more than 35 artists, activists, scholars and others call for funding for Ukraine. On territory that Russia occupies, it tortures Ukrainian citizens, kidnaps Ukrainian children and murders Ukrainian leaders. By fighting Russia alone, they protect Europe. By fighting a conventional war against a nuclear power, they are making nuclear proliferation and nuclear war less likely. Together we call upon Congress to do the right thing – right now.

Persons: Read, Stringer, Abrams, José Andrés, Gabrielle Carteris, Mona Charen, Misha Collins, Rosario Dawson, Felicia Day, Doug Fears, Jonathan Safran Foer, Francis Fukuyama, Mark Hamill, Gale Anne Hurd, Dara Khosrowshahi, William Kristol, Eric Edelman, Scott Kelly, Daniel Lubetzky, Michael McFaul, Kate McKinnon, Alyssa Milano, Viggo Mortensen, Patton Oswalt, Phillips O’Brien, Brad Paisley, Sean Penn, Serhii Plokhii, Ivanna Sakhno, Eric Schmidt, Liev Schreiber, Timothy Snyder, Terrell Jermaine Starr, Barbra Streisand, Hilary Swank, Peter Wehner, Katheryn Winnick Organizations: Ukraine, CNN, Getty Locations: Russia, Russian, Crimean Tatars, Ukrainian, Kharkiv, Mariupol, Aleppo, Grozny, Europe, Donetsk, Ukraine, AFP, China, Beijing, Asia, East, Africa, United States

Tottenham moved to fourth place, level on points with Aston Villa, which hosted Wolves later. Palmer's brace at Stamford Bridge could help Chelsea only draw 2-2 with 10-man Burnley. Chelsea was wasteful in the first half and had a goal ruled out after 20 minutes. The Blues took the lead from the spot when Palmer scored with a Panenka kick, chipping the ball down the middle. In a spectacular game that was goalless at the break, Sheffield United and Fulham drew 3-3 after the host blew a 3-1 lead.

Persons: Son Heung, Tahith Chong, Issa Kabore, Timo Werner, Kabore, PALMER’S PANENKA, Cole Palmer, Palmer, Mykhailo Mudryk, Vincent Kompany fuming, Kompany, Lorenz Assignon, Josh Cullen volleyed, Raheem Sterling’s backheel, Dara O’Shea, Djordje Petrovic, James ’, Harvey Barnes, Lukasz Fabianski, “, ” Barnes, “ It’s, I’ve, Alexander Isak, Mohammed Kudus, Michail Antonio, Jarrod Bowen, Crystal Organizations: Tottenham, Luton, English Premier League, Aston Villa, Spurs, South, Wolves, Manchester City, Arsenal, Liverpool, Brighton, LETHARGIC SPURS Tottenham, PALMER’S PANENKA Chelsea, Premier League, Stamford, Chelsea, Burnley, Blues, Newcastle, West, Sheffield United, Fulham, Nottingham Forest Locations: South Korea, West Ham, St, London, Newcastle

☆ Top Wall Street analysts like these dividend stocks for portfolio income
▼ + stars: | 2024-03-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)

Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

☆ Photos show Ukraine bracing for Russian assaults with some of the same tricks that derailed its big counteroffensive
▼ + stars: | 2024-03-13 | by ( Ella Sherman | ) www.businessinsider.com time to read: +7 min

Digging DefensesWorkmen are seen preparing trenches on the new defense line on March 12, 2024 in Kharkiv region, Ukraine. Dragon's Teeth"Dragon's teeth", anti-tank obstacles, are seen on the new defense line on March 12, 2024 in Kharkiv region, Ukraine. AdvertisementThe ToolsDrone view of the construction of the defense line on March 12, 2024 in Kharkiv region, Ukraine. Drone view of the construction of the defense line on March 12, 2024 in Kharkiv region, Ukraine. AdvertisementDrone view of the construction of the defense line on March 12, 2024 in Kharkiv region, Ukraine.

Persons: —, Kostiantyn, They're, Dara Massicot, Kostiantyn Liberov, crowdfunding, Emma Ashford, Putin Organizations: Service, Carnegie Endowment, International Peace, Getty, Russia, Stimson Center Locations: Kharkiv, Ukraine, Russia, Avdiivka, Kharkiv region, Washington

☆ The Russian war machine is fired up but won't be able to keep going like this indefinitely, war analysts say
▼ + stars: | 2024-03-12 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia's war machine has picked up momentum in concert with its increased industrial capacity and decreased Ukrainian resistance, but current Russian manufacturing capabilities and stored combat systems won't last forever, war experts say. Russia's invasion of Ukraine has been a major factor in its ongoing labor shortage, an issue that can affect weapons manufacturing. Many Russian citizens who might have worked key jobs have either enlisted in the military or have fled the country. AdvertisementThe increased capacity of Russia's defense industrial base, ISW said, is "capable of sustaining Russia's current tempo of operations" in the short-term.

Persons: —, Forbes, Russia's, ISW, Dara Massicot Organizations: Service, Institute, Business, Street Journal, Royal United Services Institute, Avdiivka, Carnegie Endowment, International Peace's, Eurasia Locations: Russian, Russian Soviet, Russia, London, Ukraine, International Peace's Russia

☆ Many single parents who drive for apps like Uber and Lyft say it's their best option — but they still can't pay their bills
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

AdvertisementFlexibility can be an illusionMost single parents with whom BI spoke said they valued the flexibility gig work gives them. Some single parents with disabilities said being able to take days off has helped them stay healthier and avoid burnout. This means that a higher percentage of single parents' earnings goes toward childcare costs, pushing some away from using childcare entirely. "These fluctuations and discrepancies can be devastating to individuals who don't have other mechanisms to make money, including single parents who are often operating on a single income," Greening said. AdvertisementIt's not easy for parents with older childrenThe issues single parents face still linger for those with older children.

Persons: Bri, Uber, Dara Khosrowshahi, Lyft, Uber hasn't, Susan, she's, Lindsey Cameron, Cameron, Cindy Lehnhoff, Lehnhoff, Bryant Greening, Greening, Starla, She's, Genesis, Paul, he's, It's humbling Organizations: Service, DoorDash, Walmart, Business, Wharton School, National Child Care Association, BI, Uber, Security Disability Insurance, Arizona State University Locations: Fort Worth , Texas, Grubhub, bam, Ohio, Jacksonville , Florida, Atlanta, Las Vegas

☆ Uber's CEO just unlocked a big prize
▼ + stars: | 2024-02-29 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Uber CEO Dara Khosrowshahi was offered a massive trove of stock after surpassing performance goals. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter steering Uber past a $120 billion valuation, CEO Dara Khosrowshahi just unlocked the opportunity to purchase a massive trove of stock in the ride-hailing company. The filing says Khosrowshahi would be offered to buy the shares if Uber maintained a $120 million valuation over a 90-day trading period.

Persons: Dara Khosrowshahi, He's, —, Uber Organizations: Service, SEC, Business

☆ The FTC is going to war with tax services that bill themselves as free
▼ + stars: | 2024-02-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

The FTC filed a lawsuit against H&R Block over what the commission called deceptive advertising. AdvertisementSo-called "free" online tax filing services like Intuit's TurboTax and H&R Block's Online Filing option have, for a long time, not actually been free for many Americans. The consumer protection agency filed a complaint against H&R Block last week, accusing the company of deceptive advertising and unfairly deleting users' tax data. A 2019 ProPublica investigation found Intuit and H&R Block's practices — including hiding their free filing options from Google search — are part of a decadeslong lobbying effort by the companies to keep tax filing services complicated. It was partially because of those lobbying efforts that the IRS did not roll out its own online free tax filing pilot until last year.

Persons: —, Samuel Levine, Levine, Dara Redler, Derrick L, Plummer Organizations: FTC, H, Intuit, Service, Consumer, Business, NPR, Google, IRS Locations: FTC's

☆ FTC sues H&R Block over issues tied to its online free file option
▼ + stars: | 2024-02-27 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

The consumer protection agency’s complaint alleges that H&R Block makes it unnecessarily time consuming and frustrating for consumers to downgrade to a lower cost tax-preparation option online after initially selecting a higher cost one. “H&R Block deceptively markets its Online Products by representing to consumers that they can file for free using H&R Block, when in fact, many consumers have tax situations that are not covered by H&R Block’s Online Product,” according to the complaint. We are confident in the value our services and offerings provide to our clients who have trusted H&R Block for nearly 70 years,” Redler said. H&R Block told CNN “there is no threshold. Earlier this month, the FTC took similar action against Intuit, maker of Turbo Tax tax filing software, “for deceiving consumers with bogus advertisements pitching ‘free’ tax filing that millions of consumers could not use.”

Persons: “, Dara Redler, ” Redler, It’s, Jeff Jones, ” Organizations: New, New York CNN, Federal Trade Commission, Products, CNN, FTC, Block, CNN Business, Intuit, Turbo Locations: New York

☆ H&R Block used deceptive marketing and unfairly deleted tax filer data, FTC complaint alleges
▼ + stars: | 2024-02-26 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

An H & R Block tax preparation office is seen on Flatbush Avenue on February 06, 2024 in the Prospect Heights neighborhood of Brooklyn borough in New York City. H&R Block marketed free products to many consumers who didn't qualify and made it difficult to downgrade, according to the complaint. "H&R Block allows consumers to downgrade to a less expensive DIY product via multiple mechanisms while ensuring the preparation of accurate tax returns." FTC banned 'deceptive advertising' from IntuitThis is the second FTC action against tax filing software providers in recent history. Other free tax filing optionsMeanwhile, consumers have several free tax filing options this season, including a Direct File pilot via the IRS, which will offer limited free filing for certain taxpayers in 12 states by mid-March.

Persons: Michael M, Samuel Levine, Dara Redler, Ed Mierzwinski, PIRG Organizations: Santiago, Getty, Intuit, Federal Trade Commission, Block, Consumer Protection, U.S . Public Interest Research, FTC, IRS Locations: Flatbush, Prospect Heights, Brooklyn, New York City, FTC's

☆ Uber CEO says the company took its drivers 'for granted'
▼ + stars: | 2024-02-22 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Uber CEO Dara Khosrowshahi says that prioritizing drivers helped the company weather the pandemic. Uber drivers are worried about declining earnings, which led to a Valentine's Day strike last week. AdvertisementFor Uber CEO Dara Khosrowshahi, it's pretty clear who got the ride-hailing service through the pandemic: his drivers. Khosrowshahi, at a talk in Bengaluru, India, on Thursday, said that prioritizing drivers helped the company weather a difficult period where rides and revenue dropped precipitously. AdvertisementBut Uber drivers aren't universally content, Khosrowshahi's comments notwithstanding.

Persons: Dara Khosrowshahi, Uber, —, Khosrowshahi, It's Organizations: Service Locations: Bengaluru, India

☆ Uber is celebrating its $1 billion profit. But some drivers are feeling left behind.
▼ + stars: | 2024-02-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Drivers are feeling squeezedSome Uber drivers are feeling squeezed on pay. That doesn't mean drivers aren't feeling angry about a drop in pay that they say they've experienced, with data backing them up. Gridwise Analytics, a data firm analyzing the gig economy , found average monthly gross earnings for Uber drivers fell 17% last year. A more contentious issue among drivers has focused on whether or not Uber is taking a bigger slice of their fares. Yet it seems that not all drivers are satisfied — and Uber will be hoping that number doesn't keep rising.

Persons: —, Dara Khosrowshahi, he’d, Uber, ” Khosrowshahi, “, it's, ru4gU8nRa7, OEx6OEkovB Organizations: Service, Business, App Workers, “ Workers, East, Drivers, East Coast Locations: Chicago, Philadelphia, Pittsburgh

☆ Uber stock pops more than 10% on $7 billion share buyback
▼ + stars: | 2024-02-14 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company's initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Uber 's stock spiked more than 10% Wednesday morning after the ride-sharing company announced it will buy back up to $7 billion worth of company shares. "Today's authorization of our first-ever share repurchase program is a vote of confidence in the company's strong financial momentum," Uber CFO Prashanth Mahendra-Rajah said in a press release Wednesday morning. Mahendra-Rajah added that Uber "will be thoughtful as it relates to the pace of our buyback, beginning with actions that partially offset stock-based compensation, and working towards a consistent reduction in share count." The buyback news comes a week after Uber reported fourth-quarter results that beat Wall Street's earnings and revenue estimates.

Persons: Dara Khosrowshahi, Uber, Prashanth Mahendra, Rajah, Mahendra Organizations: Uber Technologies, New York Stock Exchange, CNBC

☆ The big business of the Super Bowl, from competing advertisers to the ultrawealthy networking
▼ + stars: | 2024-02-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.

Persons: —, Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London

☆ Uber's smooth operator Dara Khosrowshahi has done something Travis Kalanick never could: turn a profit
▼ + stars: | 2024-02-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewWho knows what kind of fate would have awaited Uber had Travis Kalanick decided not to relinquish his power in 2017. But instead of crashing, Uber has seemingly defied the odds thanks to Kalanick's successor, Dara Khosrowshahi. Net profit for the year hit $1.9 billion versus an enormous $9.1 billion loss in 2022, which had been inflated by revaluations of Uber's equity investments. Former Uber boss Travis Kalanick. But having been at the helm of online travel business company Expedia for 12 years before moving to Uber, Dara's success appears to come from his pedigree as an operator.

Persons: —, Uber, Travis Kalanick, Dara Khosrowshahi, Khosrowshashi, Eric Piermont, Khosrowshahi, SoftBank, Didi Chuxing Organizations: Service, Business, AFP Dara's Locations: Silicon, San Francisco, China

☆ Uber CEO says Super Bowl ads aren't worth it without celebrity promotion ahead of 'Friends'-themed spot
▼ + stars: | 2024-02-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Read previewBig stars and long timelines are the secret ingredients to making a Super Bowl ad worth it, according to Uber CEO Dara Khosrowshahi. "If you are just buying for that moment, the price isn't worth it," Khosrowshahi said. AdvertisementUber Eats' slot for Sunday's game is an example of what can make the big price tag worth it, the CEO said. AdvertisementBesides starring in the ad, Aniston has also shared it on Instagram. The ad is also the start of a broader ad campaign that Uber will use "over the next three to six months," he told CNBC.

Persons: —, Dara Khosrowshahi, Khosrowshahi, Jennifer Aniston, David Schwimmer, Rachel Green, Ross Geller, Aniston, Schwimmer, it's Organizations: Service, Business, CNBC

☆ Uber CEO Dara Khosrowshahi on Q4 results: Continue to see consumer strength, especially in services
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber CEO Dara Khosrowshahi on Q4 results: Continue to see consumer strength, especially in servicesUber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom line, state of the consumer, state of the company's delivery business, growth outlook, and more.

Persons: Dara Khosrowshahi

Uber posted its first full-year profit since going public in 2019 and its stock hit an all-time high Wednesday as strong bookings in the final quarter of the year pushed profit and revenue beyond Wall Street expectations. Like its final year as a private company, the last time Uber turned a profit, it got a huge tailwind from investments that helped fuel profits, $1 billion in 2023. The company earned $595 million, or 29 cents per share, in the same period last year. Revenue totaled $9.94 billion, beating Wall Street projections for $9.75 billion. For the year, Uber posted a profit of $1.89 billion, or 87 cents per share, on revenue of $37.28 billion.

Persons: Uber, ”, Dara Khosrowshahi, lockdowns, William Blair's Ralph Schackart, Gross, Khosrowshahi Organizations: Industry, Zacks Investment Research, Revenue, Uber Technologies Inc Locations: San Francisco

NEW YORK (AP) — Two freelance journalists with projects focused on Black nationalism and the aftermath of the Uvalde school shooting have won the American Mosaic Journalism Prize, which honors work about underrepresented groups in the United States. The journalists, Dara T. Mathis and Tamir Kalifa, were each awarded $100,000 from the Heising-Simons Foundation. That's believed to be the largest prize in dollar value given to journalists in the United States. “As a Black writer, I am keenly aware of how the stories of marginalized people are excluded from the archive,” Mathis said. “My work as a journalist seeks to connect silenced histories to our present day.”Photojournalist Tamir Kalifa won for his work on the aftermath of the 2022 mass shooting at the Robb elementary school in Uvalde, Texas.

Persons: Dara T, Mathis, Tamir Kalifa, That's, ” Mathis, “, Robb, Kalifa, he's Organizations: Mosaic Journalism, Simons Foundation, Black Liberation Locations: United States, The Maryland, Uvalde , Texas, Austin, Israel

☆ Lyft says it's going to give some of its drivers a pay bump
▼ + stars: | 2024-02-07 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Lyft reported that drivers, on average, took home 88% of rider payments after external fees. AdvertisementIn recent months, several Uber and Lyft drivers have told BI that ride-hailing has become less profitable than it used to be. Lyft also noted that drivers can now see the breakdown of how each rider's payments are split between drivers, Lyft, and external fees. Still, 94% of Lyft drivers only drive less than 20 hours a week and use driving to supplement other income. In November 2023, Lyft agreed to pay $38 million to settle claims that it improperly collected some fees and taxes from New York drivers — Uber agreed to pay $290 million.

Persons: Lyft, —, David Risher, Sergio Avedian, Uber, Guy, Avedian, he's, Kara Swisher, Dara Khosrowshahi, — Uber Organizations: Service, Drivers, Cleveland Uber, New, New York State, Elite, EV Locations: Cleveland, New York City, Seattle , California, New York, Minneapolis , Chicago, Massachusetts

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