Stock Market News: Uber shares soar, Yellen warns on debt ceiling, IBM, Chegg CEOs talk AI

forecast quarterly core earnings above estimates on Tuesday, after a surge in demand for travel and food delivery helped the U.S. ride-sharing giant report better-than-expected results for the January-March period.from a pandemic-induced lull. A jump in the number of people looking to gain additional income is also helping platforms such as Uber squeeze out higher profit by offering lower incentives to gig workers, analysts have said.

Uber expects adjusted EBITDA between $800 million and $850 million for the June quarter. That was higher than analysts' projection of $749.1 million, according to Refinitiv. The company also forecast gross bookings, the total dollar value from its services, of between $33 billion and $34 billion, compared with the expectations of $33 billion.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: Dow futures rise with two-day Fed meeting set to beginMarketWatch Live: Wall Street now turning attention to two-day Fed meeting
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Why the stock market is smarter than any of us – including the bearsThe bears are still groaning, and whatever the reasons they cite on a given day, you can be sure they are claiming that rising stocks are the product of irrational markets that are turning a blind …
La source: nypost - 🏆 91. / 67 Lire la suite »

Stock-market investors want the Fed to answer this crucial question when it meets this weekMultiple risks are raising the stakes in financial markets and the economy as Federal Reserve policy makers gather.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
La source: CNBC - 🏆 12. / 72 Lire la suite »