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Uber Technologies forecast first-quarter profit below Wall Street expectations, citing higher taxes and a strategic push toward cheaper ride options designed to boost bookings. The outlook sent Uber shares sharply lower in premarket trading, as investors reacted to weaker earnings guidance despite strong demand. Uber said it expects an adjusted effective tax rate of 22% […]
Amazon is stepping up its push into physical grocery retail as it intensifies competition with Walmart, betting on large-format stores to complement its dominant e-commerce business. Analysts expect Amazon’s fourth-quarter physical store revenue, including Whole Foods, Amazon Fresh and Amazon Go, to rise to about $5.9 billion, reflecting a renewed focus on brick-and-mortar retail. Amazon […]
U.S. space-related stocks climbed after SpaceX announced a merger with xAI, valuing the combined entity at $1.25 trillion. The deal, unveiled by Elon Musk, signals a major push to expand artificial intelligence infrastructure beyond Earth and into orbit, a vision that has energized investors across the emerging space sector. Shares of listed space companies rallied […]