Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What's Driving Wednesday's Market?

Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What's Driving Wednesday's Market?

UBER's Q1 Loss Wider Than Estimates, Revenues Increase Y/Y UBER's first-quarter 2024 revenues improve year over year.Zacks Uber Stock Skids Lower On Q1 Bookings Miss, Unexpected Loss Uber Technologies on Wednesday reported first-quarter earnings with an unexpected net loss and revenue slightly ahead of views. Uber stock slid as the ride-hailing and food-delivery company also posted lower-than-expected total bookings. In results published before the market opened, Uber said that it lost 32 cents per share on sales of $10.13 billion …