UBER Stock Alert: Uber Posts First-Ever Profit
Uber's annual earnings were $1.11 billion, with a 137% increase in EBITDA. Investors were disappointed, causing the stock to drop.
Depreciation News & Breaking Stories
Japan Nippon Steel acquire U.S. Steel $14.9 billion
Nippon Steel clinched a $14.9 billion deal to buy U.S. Steel, outbidding rivals. The acquisition will help Nippon expand in the U.S.
Rivian Stock: Triple Whammy Impact
Rivian's announcement of $1.5 billion in convertible notes has caused concern among shareholders, as it implies a continuing cash burn and lack of future revenue. The company also reported a net loss of around $720 million for the fourth quarter. Rivian stock traded down by about 20%.
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