Technology Shares Edge Higher as Uber Sees Profit — Tech Roundup
Shares of technology companies edged higher.
Uber shares were up nearly 12% after it said it could reach a measure of profitability in the current quarter, months earlier than previously expected. It would be the ride-hailing giant's first adjusted earnings since its inception more than a decade ago.
Shares of rival Lyft were also higher on the news.
Google said it is buying a Manhattan office building for $2.1 billion, one of the clearest signals yet of big technology companies' growing appetite for office space, even as these firms embrace remote work. The deal for the new building on Manhattan's West Side is the most expensive sale of a single U.S. office building since the start of the pandemic - and one of the priciest in U.S. history, according to data company Real Capital Analytics.
Apple is working on technology to help diagnose depression and cognitive decline, aiming for tools that could expand the scope of its burgeoning health portfolio, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
September 21, 2021 17:27 ET (21:27 GMT)
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