The outlook is bright for Uber , according to Stifel. The investment bank initiated shares of the ride-hailing platform with a buy rating and a $110 price target, which implies upside of 27% from Tuesday’s close. “We increasingly view Uber as a super app with multiple reasons to utilize the product, which includes getting yourself from point A to point B, ordering dinner from local restaurants, and having groceries delivered to your door (with some ads seen along the way),” analyst Mark Kelley wrote. While some Wall Street analysts have expressed concern over the risk that autonomous vehicles might pose…
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A home is seen for sale on April 24, 2025 in Austin, Texas. Brandon Bell | Getty ImagesMortgage interest rates barely moved at all last week, but demand from homebuyers as well as those looking to refinance a current home loan increased.Total mortgage application volume rose 12.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for the Memorial Day holiday. While the weekly move may seem large, the volume is still quite low historically.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500…
DeepL CEO Jaroslaw “Jarek” Kutylowski.DeepLDeepL on Wednesday said it was deploying one of the latest Nvidia systems that would allow the German startup to translate the whole internet in just 18 days.This is sharply down from 194 days previously., DeepL is a startup that has developed its own AI models for and competes with Google Translate.Nvidia is meanwhile looking to expand the customer base for its chips — which are designed to power artificial intelligence applications — beyond hyperscalers such as Microsoft and Amazon.It also highlights how startups are using Nvidia’s high-end products to build AI applications, which are viewed as…
UK Chancellor of the Exchequer Rachel Reeves at a roundtable meeting during her visit to the British Steel site on April 17, 2025 in Scunthorpe, England.Wpa Pool | Getty Images News | Getty ImagesU.K. Chancellor Rachel Reeves is delivering the government’s Spending Review on Wednesday, all eyes on how billions of pounds’ worth of public money are split between departments and infrastructure projects.We already know that “protected departments” such as health and defense will see big funding boosts — but losers could surface among “unprotected” units.Departments like the Home Office and those overseeing local government and the environment could see…
Disney shares have been on fire lately and can eke out further gains from here, according to Bernstein. The investment firm raised its price target for the entertainment conglomerate to $125 from $120 per share, implying about 5% upside. Analyst Laurent Yoon kept his outperform rating on shares as well. But Yoon’s “sum of the parts” analysis signals the stock can reach $132, which is 11.2% above Tuesday’s close. “However you cut it, Parks is growing (despite short-term volatilities), DTC margin is expanding, Sports is not going away, and while Linear is in decline, it remains profitable,” he said. DIS…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty ImagesNvidia on Wednesday announced a slew of partnerships with European countries and companies spanning infrastructure to software as it looks to keep itself at the center of the global artificial intelligence story.Chief Executive Jensen Huang on Wednesday continued his tour of Europe with a keynote at Nvidia’s GTC event in Paris, France, where he laid out some key European partnerships.Nvidia has been keen to position…
Jensen Huang, CEO of Nvidia talks about quantum computing on stage at Nvidia GTC Paris on Wednesday 11 June, 2025.Arjun Kharpal | CNBCNvidia CEO Jensen Huang is growing more bullish about quantum computing — and he expects they’ll start solving real-world problems in the coming years.”Quantum computing is reaching an inflection point,” Jensen declared during his keynote speech at Nvidia’s GTC Paris developer conference Wednesday.Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes).Quantum computers use quantum bits, or “qubits,” which can be…
Hong Kong’s national security police have a new target in their sights: gamers.In a stern warning issued Tuesday, they effectively banned a Taiwanese video game they described as “advocating armed revolution,” saying anyone who downloaded or recommended it would face serious legal charges. The move comes as the authorities continue to tighten control over online content they consider a threat to the Chinese city.“Reversed Front: Bonfire” is an online game of war strategy released by a Taiwanese group. Illustrated in a colorful manga style, players can choose the roles of “propagandists, patrons, spies or guerrillas” from Taiwan, Mongolia and the…
Job seekers at a job fair hosted by the Metropolitan Washington Airports Authority to support federal workers looking for new career opportunities, at Ronald Reagan Washington National Airport in Arlington, Virginia, on April 25, 2025.Ting Shen/Bloomberg via Getty ImagesWhile the unemployment rate in the U.S. is still fairly low, data shows it’s not uncommon to see individuals job hunting for extended periods of time.The unemployment rate remained flat at 4.2% in May, the Bureau of Labor Statistics reported Friday.However, over the past six months, it’s become “drastically harder to find a job,” whether you’re entering the job market for the…
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from its all-time high, which it reached in February.That’s despite the shadow of U.S. President Donald Trump’s “reciprocal” tariffs still haunting the economy. As the 90-day tariff pause ticks down, America, so far, has just one deal, struck with the U.K., and an agreement with China…
