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Growth in Hims & Hers Health is showing no signs of stopping, according to Morgan Stanley. Analyst Craig Hettenbach initiated the telehealth company with an overweight rating and $42 price target. That suggests 53.6% potential upside for the stock, which has already soared a whopping 251% this year on continued enthusiasm over its mental health, weight loss and dermatology treatments. Hettenbach's thesis also relies on advantages presented by the experienced board of Hims & Hers Health. Of the 14 who cover the company, seven rate it as a hold, while another six have a buy rating, LSEG data shows.
Persons: Morgan Stanley, Craig Hettenbach, Hettenbach, that's, Modest GLP Organizations: Netflix, Novo Nordisk, Pfizer
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Alphabet -owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international expansion. To start, Nihon Kotsu drivers will manually operate the Waymo vehicles to map key areas of the Japanese capital, including Minato, Shinjuku, Shibuya, Chiyoda, Chūō, Shinagawa, and Kōtō. Waymo will also test its robotaxis on a closed course in the U.S. built to mimic driving conditions in Japan. Waymo announced a series of expansions across the U.S. in 2024.
Persons: Waymo, Waymo hasn't, Nihon, Uber, Cruise Organizations: PACE, Nihon, CNBC, World Economic, Monet Technologies, Toyota, General Motors, Honda Locations: San Francisco, Tokyo, Tokyo's, Minato, Shinjuku, Shibuya, Chiyoda, Chūō, Shinagawa, U.S, Japan, Miami, Los Angeles, Austin, Atlanta, Tokyo's Odaiba, robotaxis
Dan Weiss, 79, earns up to $47 per hour on Taskrabbit assembling furniture in Minnesota. Now, I fill my days building furniture, meeting new people, and supplementing my retirement income. I could live on my retirement savings if I had to, but Taskrabbit income helps. AdvertisementI've realized how fulfilling and also challenging retirement can beThe lack of structure and income flow in retirement is challenging. We're told to save, save, save for retirement, and that's what I did.
Persons: Dan Weiss, Weiss, Tasker, Uber, I've, We're, Maui, I'm, Lauryn Haas Organizations: Taskrabbit, Costco, Ikea, lhaas Locations: Minnesota, Taskrabbit, Oakdale , Minnesota, Minneapolis
My teenage daughter needed logistical and emotional support to thrive in her first job. When my daughter got her first real job at 14, I was excited for her. AdvertisementI had hoped getting a job at a young age would improve her self-esteem, time management, and money management skills. She needed help with startup costs and ridesThe adage, "You must spend money to make money," held true for my teenager. Whatever career our daughter pursues, I know that someday, she'll no longer need close support from her parents to thrive in her job.
Persons: She's, Little, Uber, frazzled, she'd, , we'll Organizations: Starbucks
Some drivers for gig platforms like Uber and DoorDash say it's become harder to make money. Additionally, people are still making money from the gig platforms: The share of Bank of America customers receiving income from gig work platforms has hovered between roughly 3% and 4% since early 2021. Experts told BI it's difficult to estimate the number of US-based gig drivers across the different platforms. Part-time drivers could be more willing to tolerate lower pay — some extra cash might be better than none, he added. AdvertisementGig workers are looking elsewhere for better earningsExperts told BI that with few comparable options in the gig economy, drivers may have to get creative.
Persons: Andrew Garin, Garin, that's, DoorDash, Uber, Aaron Lavender, Jason D, it's, he's, Lindsay Cameron, , Cameron, she's, Nicole Moore, Sergio Avedian, Guy, Avedian, He's Organizations: Carnegie Mellon University's Heinz, Amazon, Rover, Bank of America, Wharton School, University of Pennsylvania, Drivers Locations: Canada, Colorado, Phoenix, Cleveland, Los Angeles
Manhattan Bridge No entry credit Those traveling over a bridge that is not tolled otherwise would pay the base toll and not receive a credit. Taxis and Rideshares Click the dropdowns below to see more options Taking a taxi Uber Lyft livery car into, out of, or within the toll zone. Charge Total Total congestion fee $undefined One of the goals of congestion pricing is to reduce air pollution in and around Manhattan. Lincoln Tunnel -$7.20 Drivers traveling through a tunnel with a pre-existing toll would be granted a credit to offset the cost of the new toll. Low-income residents of the congestion zone who make less than $60,000 a year could apply for a state tax credit.
Persons: Hugh L, Carey, Kathy Hochul, Donald J, Trump, L Organizations: Carey, Metropolitan Transportation Authority, New Jersey Queens, Brooklyn Bridge, Manhattan, Taxis, Taxi, Drivers, Lincoln Locations: York, Manhattan, New York, St, Lincoln, Queens, Midtown, United States, New Jersey, New Jersey Queens Brooklyn Manhattan, Brooklyn, Brooklyn Bridge Manhattan, Williamsburg, Coast, Taxis
Police have arrested a fake Uber driver who is accusing of stealing more than $300,000 in cryptocurrency from unwitting passengers. "While manipulating the unsuspecting victim’s phone the suspect transferred cryptocurrency from their digital wallet to his digital wallet," police said in a statement. He was charged with two counts of money laundering, two counts of fraudulent schemes and two counts of theft. Cryptocurrency fraud, a fast-growing and lucrative crime, is a huge concern to law enforcement authorities. More than 16,000 complaints of cryptocurrency fraud came from people over 60, according to the FBI's first Cryptocurrency Fraud Report, released in September.
Persons: Nuruhussein Hussein, Hussein Organizations: Scottsdale Police Department, United States Secret Service, Scottsdale . Police, Maricopa County Jail, Service, FBI Locations: Scottsdale , Arizona, Phoenix, Scottsdale, Maricopa County, Ethiopia, U.S, Southern California, Chicago
Airport rides are among the most profitable trips for human drivers. If Waymo One's robotaxis continue expanding to airports, human ride-hailing drivers could see their incomes take a big hit. AdvertisementMany Uber and Lyft drivers have told BI their gigs are already less profitable than they were a few years ago — due, in part, to an increase in competition from both human and robot drivers. AdvertisementWaymo One, which is owned by Alphabet, is the only company operating autonomous vehicles at US airports, Waymo told BI. AdvertisementAirport trips are some drivers' 'bread and butter'Moore said that airport trips aren't as profitable for drivers as they used to be, but that they remain important.
Persons: Waymo, Uber, Lindsey Cameron, , You've, Nicole Moore, she's, they're, It's, robotaxis, hasn't, Lyft, Moore, Jason D, Sergio Avedian, Guy, Avedian, isn't Organizations: Wharton School, University of Pennsylvania, Drivers, Waymo, Los Angeles World Airports, Airport Commission, San Francisco International Airport, Phoenix Sky Harbor International Airport, Los Angeles International Airport, Austin, Bergstrom International Airport, BI, GM, Uber, Phoenix Locations: Phoenix, LA, Los Angeles, San Francisco, Atlanta, Austin, Miami, Waymo, Phoenix —, San Francisco , Los Angeles, aren't
Josh Brown on his Uber strategy
  + stars: | 2024-12-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJosh Brown on his Uber strategyJosh Brown, CEO at Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss his strategy on Uber after buying it yesterday.
Persons: Josh Brown Organizations: Ritholtz Wealth Management, Uber
Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.
Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25
Goldman Sachs thinks Uber's risk-to-reward balance is among the most attractive heading into 2025. The bank listed the ride sharing company as a top pick in a Thursday note. Analyst Eric Sheridan has a buy rating and a $96 per share price target on the stock, which implies more than 56% upside from Thursday's close. UBER YTD mountain Uber stock. The average analyst price target also implies upside of 47%.
Persons: Goldman Sachs, Eric Sheridan, Sheridan, Uber Organizations: CART
Susie Moore, a life coach, moved to NYC and landed a tech job by leveraging mutual connections. It can be fun, graceful, and extremely rewarding, and the holiday season is the perfect time to do it. If you want to step up your networking game as 2025 fast approaches, here's a checklist to seize the season before the year ends. Get into the holiday spiritThe season of goodwill is a great time to reach out and express gratitude. These can be former coworkers, members of your running or book club, friends of friends, or anyone you'd like to know better.
Persons: Susie Moore, they've, I've, We've, she's Organizations: Susie Moore Networking, LinkedIn, CVS Locations: NYC, New York City, Sydney, Australia, Moore, Tokyo, Florida
It's not new for rich people and big companies to donate to presidential inaugurations. That's at least in part because it's so public — the money is less important than the message. They're all donating $1 million to Donald Trump's inauguration fund. Which is why we can see it's also not unheard of for Big Tech companies to make inaugural donations. AdvertisementThere's also the fact that while Trump and his allies continue to insist that they want to cut regulations, they also insist that they'll be cracking down on Big Tech.
Persons: It's, Mark Zuckerberg, Jeff Bezos, Mark Zuckberg, Sam Altman, Donald Trump's, Sundar Pichai, wouldn't, Trump's, Joe Biden's, Uber, Altman, Trump, , Zuckerberg, Bezos, There's, Donald Trump, Tim Cook, I've, Cook Organizations: Trump, Big Tech, Microsoft, Google, Washington, Apple
Something odd is still happening with the stock market
  + stars: | 2024-12-13 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Earlier this week , we talked about how there was something weird happening with the stock market. On Thursday, 324 S & P 500 stocks closed lower on the day. Bespoke also noted that there are now five S & P 500 sectors in oversold territory, while three others are overbought. The S & P 500 hit an all-time high earlier this month, and the Nasdaq Composite broke above 20,000 for the first time this week. BTIG's Jonathan Krinsky noted that about 60% of S & P 500 components were trading below their 50-day moving average.
Persons: Rob Ginsberg, Jonathan Krinsky, it's, Krinsky, Goldman Sachs Organizations: Investment, Nasdaq, Wolfe Research, Reserve, Uber Technologies Locations: oversold
Adobe — The software company tumbled more than 12% after it announced lighter-than-expected revenue estimates for the fiscal first quarter. Discovery — Shares surged 15% after the legacy media company announced plans to restructure and split its business into linear and streaming segments. Constellation Energy — The energy company advanced 3% following an upgrade to buy from Bank of America, with the firm citing rising demand and tightening supply as catalysts for shares moving forward. Celsius Holdings — The energy drink maker surged 5% after JPMorgan initiated coverage at an overweight rating. ServiceTitan – Shares of the cloud software company surged more than 40% as ServiceTitan made its debut on the Nasdaq.
Persons: Adobe, Wells, Hershey, Keurig Dr Pepper, Steve Powers, FactSet, clawing, Prashanth Mahendra, Rajah, Uber, ServiceTitan, Alex Harring, Hakyung Kim, Sarah Min, Jesse Pound, Tanaya Macheel Organizations: Adobe, Warner Bros, , Constellation Energy, Bank of America, JPMorgan, Hershey, Beverage, Cola, PepsiCo, Keurig, Deutsche Bank, Oxford Industries —, Oxford, Street Journal, Technologies, Barclays, Nasdaq
While absorbing Cruise may streamline operations and cut costs, GM is (or was) a front-runner in autonomous driving technology and the front-runner among legacy US automakers. GM TSLA YTD mountain GM vs. Tesla, YTD Both GM and Waymo, using a broader suite of sensors, were making a considerably more significant investment per vehicle to provide additional safeguards than Tesla does with its camera-only approach. The second was the massive $5.6 billion cash infusion spearheaded by Alphabet into Waymo, which was announced in late October. GM YTD mountain GM, YTD General Motors will likely generate over $12 billion in free cash flow for FY2024. Selling a cash-covered put is a way to take a neutral to mildly bullish posture seeking to collect options premium.
Persons: Lyft, Tesla, Meta, Mark Zuckerberg's, haven't, Cruise, , I've Organizations: GM, YTD, Toyota, Motors, CNBC, NBC UNIVERSAL Locations: Lyft, San Francisco
Final Trades: Cisco, KKR & Co, Dominion Energy and Uber
  + stars: | 2024-12-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Cisco, KKR & Co, Dominion Energy and UberThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Cisco, KKR, Co, Dominion Energy, The Investment
Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Uber — Shares of the ridesharing company climbed more than 3%, rebounding from losses earlier in the week. Adobe anticipates revenues between $5.63 billion and $5.68 billion, versus the LSEG consensus estimate of $5.73 billion. Analysts polled by FactSet expected it to earn 9 cents per share on $316.8 million in revenue. Chewy — The pet goods retailer's shares fell about 3% in premarket trading after it announced a public offering of $500 million shares, which are being sold by Buddy Chester Sub.
Persons: Ross Fowler, Steve Powers, Keurig Dr Pepper, Tommy Bahama, FactSet, Buddy Chester Sub, Buddy Chester, , Lisa Kailai Han, Jesse Pound, Yun Li, Michelle Fox Organizations: Constellation Energy, Bank of America, JPMorgan, General Motors, Uber . Beverage, — Deutsche Bank, Cola, PepsiCo, Keurig, Adobe, Oxford Industries —
Final Trade: URNM, CCJ, BA, UBER
  + stars: | 2024-12-11 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trade: URNM, CCJ, BA, UBERThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Persons: CNBC’s Melissa Lee Organizations: Fast Money
GM is halting Cruise robotaxi development, merging it with its own technical team. General Motors is giving up on Cruise's robotaxi focus after eight years of pouring money into the commercial business. AdvertisementGM said on Tuesday that it will no longer fund Cruise's robotaxi development work because of increasing competition and the resources needed to scale the business. Before that, a Cruise robotaxi blocked emergency vehicles on their way to respond to a mass shooting. Cruise cofounder and former CEO Kyle Vogt, who resigned a month after the incident, criticized GM's decision on Tuesday.
Persons: Cruise, Alphabet's Waymo, Tesla's Cybercabs, Mary Barra, Kyle Vogt, GM's, Vogt, Tesla Organizations: Motors, GM, US, Microsoft, Cruise Locations: California, robotaxis, San Francisco , Los Angeles, Phoenix
General Motors' decision to pull the plug on Cruise shows that building a robotaxi business is hard, really expensive — and fraught with risk. AdvertisementThe automaker invested more than $10 billion in Cruise since taking control of the self-driving startup in 2016. Along with Google-backed rival Waymo, Cruise moved quickly to get its fleet of driverless Chevrolet Bolt robotaxis on the road. Related storiesCEO Mary Barra cited "the considerable time and expense required to scale a robotaxi business in an increasingly competitive market" on a call with analysts. Waymo is already offering a robotaxi service across several US cities and Tesla plans to launch its service in 2025."
Persons: Waymo, Cruise, Chevrolet Bolt, Kyle Vogt, Kimberly White, Uber, Mary Barra, John McDermid, Elon Musk, Musk, Tesla Tesla, Fallah, General Motors Organizations: Motors, General Motors, Cruise, Google, University of York, Vehicle Research, UK's Surrey University, Bank of America, GM, General Locations: San Francisco, California, Las Vegas, Cybercabs, Texas
GM is pulling the plug on its robotaxi efforts
  + stars: | 2024-12-10 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday. GM faces competition in the robotaxi market from Google’s Waymo unit in partnership with Uber, let alone ride-hailing and taxi services that use human drivers. But GM has decided that’s no longer a sector in which it makes sense to compete. GM CEO Mary Barra told investors Tuesday that the company decided the robotaxi service was not part of GM’s core business, and that shifting its self-driving technology efforts to driver assist features available on privately-owned cars will help with the products it offers to car buyers. “GM is committed to delivering the best driving experiences to our customers in a disciplined and capital efficient manner,” said Barra in a statement.
Persons: , Uber, Tesla, Mary Barra, , “ We’re, Dave Richardson Organizations: New, New York CNN —, Motors, GM Locations: New York, Barra
General Motors will no longer fund its Cruise division's robotaxi development, the company said on Tuesday. GM said it plans to instead "realign its autonomous driving strategy" to focus on advanced driver assistance systems and autonomous systems for use in personal vehicles. The decision to halt its emerging robotaxi service came after collisions, a clash with regulators and the suspension of permits that allowed it to operate a robotaxi ride hailing service in California. At that point, Cruise began to focus on using the next-generation Chevrolet Bolt for development of its autonomous vehicles. SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its autonomous vehicles, which do not feature steering wheels, in several U.S. cities including San Francisco.
Persons: Cruise, Mary Barra, Paul Jacobson, Jacobson, Waymo, Tesla, Elon Musk, — CNBC's Michael Wayland Organizations: Motors, Detroit, GM, Cruise LLC, Cruise, Miami Locations: Cruise, U.S, California, Miami, Texas, San Francisco
Google said it provided impacted employees with outplacement support and invited them to apply for open roles across the company. I miss a lot about Google, but more about the early days when it felt like a family. AdvertisementAnonymous Google employeeA senior software engineer who was laid off in January 2024 secured another job at Google a few weeks later. I had to take medical leave for depression at another fast-paced Big Tech job I'd worked; at another job, things felt like they moved at a glacial pace. Losing a job is traumatic, but it's humbling to think about how much Google transformed my life.
Persons: Jonea Gordon, Philadelphia Jonea Gordon Gordon, We'd, I'd, — I'd, Lois, Kyongsook, Kim, Seoul Lois Kim Kim, who'd, I've, Joe's, didn't, there's, Sylvia Duran, Sylvia Duran Chen Duran, I'm, Aaron Gabriel Neyer, Boulder , Colorado Aaron Neyer Neyer, Eric Wages, Massachusetts Eric Wages Ilene Perlman, — I'm, they've, who's, would've, Shao Chun Chen, Singapore Shao Chun Chen Chen, , weren't, Camila Ferraz, Zurich Camila Ferraz Ferraz, Paolo, it's Organizations: Google, Big Tech, Philadelphia, Meta, Amazon, Facebook, Toyota, Hanmi Group, Starbucks, US, San, YouTube, Ivy League, LinkedIn, Intuit, University of Colorado Boulder's Atlas Institute, Boulder City Council, Human Relations, Idealum Solutions, National University of Singapore Locations: Seoul, Korea, Korean, San Francisco, Idaho, Florida, San Diego, YouTube Mexico, Singapore, Seattle, Boulder , Colorado, Boulder, Massachusetts, Silicon Valley, Malaysia, Indonesia, Pakistan, Japan, Miami, Zurich, Brazil, Google's San Francisco
She shared how they raised $11 million in grants and investment from prominent investors like Uber. AdvertisementThis as-told-to essay is based on a transcribed conversation with Tiya Gordon, 45, the founder of electric charging startup It's Electric. Although my career was in design, I pivoted and cofounded a climate tech startup called It's Electric in 2022. We had to prove that a simple solution could be effective. Our work on this pilot was so successful that EDC launched a brand new program based on our pilot.
Persons: Tiya Gordon, Gordon, Uber, Gabrielle Wesley, We're, we've, We'd, we're, It's Organizations: It's, New Yorker, Mars, America, Hyundai, EV, New, New York City Economic Development Corporation, Brooklyn Army, EDC, Nordic, Failup Ventures Locations: Brooklyn, New, Mars Wrigley, Sharpie, We're, London, New York City
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