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Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Uber forecasts weak quarterly profit, doubles down on robotaxi investment plans

Aug 5 (Reuters) - Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions.

Uber's Robotaxi Partnership with Waymo Faces Investor Scrutiny Amid Stock Decline

Uber's Robotaxi Partnership with Waymo Faces Investor Scrutiny Amid Stock Decline

Uber's Robotaxi Partnership with Waymo Faces Investor Scrutiny Amid Stock Decline

Spotify forecasts weak profit as user growth slows in North America, Europe

Spotify forecasts weak profit as user growth slows in North America, Europe

Aug 4 (Reuters) - Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares around 5% lower in premarket trading.

Snap beats revenue estimates on ad boost from World Cup, shares surge

Snap beats revenue estimates on ad boost from World Cup, shares surge

By Jaspreet Singh Aug 3 (Reuters) - Snap beat second-quarter revenue estimates on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America, sending its shares up 13% in extended trading.

SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge

SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge

By Akash Sriram, Joey Roulette and Sayantani Ghosh Aug 4 (Reuters) - SpaceX said on Tuesday that quarterly revenue nearly doubled and operating losses narrowed sharply in its first earnings report since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.

Snap beats revenue estimates on ad boost from World Cup

Snap beats revenue estimates on ad boost from World Cup

Aug 3 (Reuters) - Snap beat Wall Street estimate for second-quarter revenue on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America. The social media company's shares jumped 9% in extended trading.

Spotify forecasts profit and monthly active users below estimates, shares fall

Spotify forecasts profit and monthly active users below estimates, shares fall

Aug 4 (Reuters) - Spotify forecast third-quarter profit and monthly active users below Wall Street estimates on Tuesday, underscoring the streaming service's challenges in maintaining growth despite expanding its offerings of AI-based features to fend off competition.

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) - Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review and cuts costs.

Singapore's Grab lifts 2026 forecasts on solid delivery, ride-hailing demand

Singapore's Grab lifts 2026 forecasts on solid delivery, ride-hailing demand

Aug 4 (Reuters) - Singapore's Grab raised its annual revenue and profit forecasts on Tuesday, banking on promotions and expansion efforts to drive demand for its ride-hailing and delivery services.

Wall St set to open higher as Mideast hopes offset SpaceX, AMD drag

Wall St set to open higher as Mideast hopes offset SpaceX, AMD drag

By Johann M Cherian and Shashwat Chauhan Aug 5 (Reuters) - Wall Street's main indexes were set to open higher on Wednesday, as hopes of a Middle East peace breakthrough offset the slide in shares of SpaceX and AMD after the upbeat forecasts issued by the companies failed to impress investors.

SpaceX quarterly revenue jumps in debut results as satellite, AI businesses surge

SpaceX quarterly revenue jumps in debut results as satellite, AI businesses surge

By Akash Sriram, Joey Roulette and Sayantani Ghosh Aug 4 (Reuters) - SpaceX said on Tuesday that quarterly revenue nearly doubled and operating losses narrowed sharply in its first earnings report since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.

Lucid plans to save $1.4 billion in 2026 from cost cuts as losses mount

Lucid plans to save $1.4 billion in 2026 from cost cuts as losses mount

By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) - U.S. EV maker Lucid said on Tuesday it is aiming to save $1.4 billion in cash this year, primarily through production and inventory cuts, as part of a major business review, after mounting losses in the second quarter.