Uber Technologies Inc

Uber Technologies Inc

According to an official statement, a taxi and ride-sharing app Beat leaves Latin America to focus on developing the service in Europe. The company announced this decision in an email to its users.

The company’s revenue rose 72% to $8.34 billion and adjusted profit was $516 million, both beating estimates.

Today, on November 1, Uber will release its report for the third quarter of the current financial year. Wedbush’s analysts expect that this report will demonstrate the company’s solid results.

Markets will face another significant U.S. Federal Reserve interest rate hike. Officials expect a fourth consecutive 75 basis point rate hike on Wednesday, Nov. 2 at 2 p.m. ET.

An analyst at the Uber company, which provides taxi services, released the first findings on the company’s partnership with Hertz Global Holdings Inc last week. It has already been a year since the beginning of the companies' cooperation on Tesla’s electric vehicles supply.