Friday, July 4, 2025

Creating liberating content

There are the lesser-known structures that don’t scream attention, but

Astronomers have identified a mysterious new object hurtling through our

Your mattress might seem comfortable, but if it’s old, it

Related News

An Indian saree store, Pachaiyappas Silks, has sparked a viral sensation with its LV Kanchipuram saree, a handwoven creation blending Louis Vuitton monograms with traditional Tamil Nadu silk. This playful

There are the lesser-known structures that don’t scream attention, but still steal the show if you consider visiting them. So, here we list some of those UNESCO sites that you

Astronomers have identified a mysterious new object hurtling through our solar system, believed to have originated from interstellar space. First spotted on July 2, 2025, by the ATLAS survey telescope

Your mattress might seem comfortable, but if it’s old, it could be a health hazard. Mattresses older than 7-8 years can collect sweat, dead skin, dust mites, mold, and bacteria,

SEBI issued an interim directive stating that Jane Street would be banned from participating in the country’s securities market. (AI image) US trading firm Jane Street has been barred by

MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial

Trending News

SEBI issued an interim directive stating that Jane Street would be banned from participating in the country’s securities market. (AI image) US trading firm Jane Street has been barred by

MUMBAI: Reliance Retail Ventures announced on Thursday that it will buy a minority stake in UK-based FaceGym. This equity investment will bring FaceGym into India. It did not disclose financial

MUMBAI: India is increasingly becoming central to the global investment landscape as mega forces that reshape economies and markets, like demographic change, digitalisation, energy transition and global supply chain realignment

NEW DELHI: The country’s economy is projected to grow by 6.4-6.7% during the current financial year, Rajiv Memani, newly appointed president of Confederation of Indian Industry (CII), said on Thursday

NEW DELHI: Gen Z’s preference for trendy, convenient, and non-pill OTC formats such as gummies, chewables and effervescent powders, combined with rising health awareness, is fuelling significant growth in India’s

The IT and IT-enabled services (ITeS) sector continues to dominate salary rankings across experience levels, with freshers in tech roles earning up to Rs 28,600 per month and professionals with

Uber Revenue Up 14 Percent, Despite Economic Fears

Word Count: 353 | Estimated Reading Time: 2 minutes


Uber appears to be powering through the tumult of the global economy, despite fears that consumers are skimping on rides and deliveries.

The company said on Wednesday that it had $11.5 billion in revenue in its most recent quarter, up 14 percent from a year earlier and slightly below Wall Street investors’ expectations. Its total bookings also grew 14 percent to $42.8 billion, which was in line with expectations.

Investors have been eager to see how President Trump’s latest round of tariffs might affect Uber’s growth. While the company’s direct business has little exposure to tariffs, a hampered economy could make customers less willing to spend on rides and deliveries.

But Uber predicted its bookings would increase 16 to 20 percent in the current quarter, which was higher than Wall Street estimates of 14 percent. In a statement, Dara Khosrowshahi, Uber’s chief executive, said that against “a dizzying backdrop of headlines on trade and economic policy,” the company’s start to the year was still strong.

Uber’s profit for the quarter was $1.8 billion, an improvement from last year’s first-quarter loss of $654 million, which it attributed to a $721 million hit from revaluations of its investments.

Uber also announced a handful of new autonomous vehicle partnerships in the first four months of the year, all part of the company’s larger strategy to co-opt the growth of robot taxi companies that could be seen as its competitors.

In March, Uber began an exclusive partnership in Austin, Texas, with the autonomous vehicle company Waymo, and the arrangement will be coming to Atlanta in the near future. As of May, Uber had 18 active autonomous vehicle partnerships.

While ride-hailing still accounts for the bulk of Uber’s profits, the company’s food delivery business grew by 15 percent. The company also spent $700 million on Tuesday to acquire an 85 percent stake in Trendyol Go, a Turkish food and grocery platform.

And Uber saw some relief from rising auto insurance costs, which have cut into the earnings of its drivers. The company grew its short-term and long-term insurance reserves in the last quarter compared with a year earlier.



Source link

Sign In

Welcome ! Log into Your Account