{"id":58998,"date":"2026-02-23T18:38:36","date_gmt":"2026-02-23T22:38:36","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/"},"modified":"2026-02-23T18:38:36","modified_gmt":"2026-02-23T22:38:36","slug":"uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/","title":{"rendered":"Uber to Acquire SpotHero as Woodside Energy Posts $2.72 Billion Profit; EU Warns of Trade Violations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Uber_Expands_into_Digital_Parking_with_SpotHero_Acquisition\" >Uber Expands into Digital Parking with SpotHero Acquisition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Woodside_Energy_Beats_Estimates_and_Advances_Major_Projects\" >Woodside Energy Beats Estimates and Advances Major Projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Global_Trade_Tensions_Rise_Over_New_US_Tariffs\" >Global Trade Tensions Rise Over New U.S. Tariffs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Geopolitical_Friction_in_Europe_and_the_Middle_East\" >Geopolitical Friction in Europe and the Middle East<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/uber-to-acquire-spothero-as-woodside-energy-posts-2-72-billion-profit-eu-warns-of-trade-violations\/58998\/#Federal_Reserve_Moves_to_End_%22Reputation_Risk%22_Supervision\" >Federal Reserve Moves to End &quot;Reputation Risk&quot; Supervision<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>) is acquiring parking app SpotHero<\/strong> to integrate native parking reservations into its platform, with the deal expected to close in the <strong>first half of 2026<\/strong>.<\/li>\n<li><strong>Woodside Energy (<a href=\"\/stock\/WDS\">WDS<\/a>) reported a fiscal year net income of $2.72 billion<\/strong>, beating adjusted profit estimates while declaring a <strong>59-cent final dividend<\/strong>.<\/li>\n<li><strong>The European Union has suspended the ratification of its U.S. trade deal<\/strong>, warning that President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>\u2019s new <strong>15% global tariff policy<\/strong> violates existing agreements.<\/li>\n<li><strong>The Federal Reserve has proposed codifying the removal of &quot;reputation risk&quot;<\/strong> from bank supervision to prevent &quot;debanking&quot; based on political or religious beliefs.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Uber_Expands_into_Digital_Parking_with_SpotHero_Acquisition\"><\/span>Uber Expands into Digital Parking with SpotHero Acquisition<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Uber Technologies (<a href=\"\/stock\/UBER\">UBER<\/a>) announced an agreement to acquire <strong>SpotHero<\/strong>, the leading parking reservation marketplace in North America. The move will allow Uber to offer <strong>native, in-app parking reservations<\/strong> for commuters and attendees at major events, venues, and airports.<\/p>\n<p>The acquisition is slated to close in the <strong>first half of 2026<\/strong>, pending regulatory approval. <strong>Uber One<\/strong> members are expected to receive exclusive parking benefits as part of the integration, while SpotHero\u2019s network of <strong>13,000 locations<\/strong> will gain access to Uber&#39;s massive consumer base.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Woodside_Energy_Beats_Estimates_and_Advances_Major_Projects\"><\/span>Woodside Energy Beats Estimates and Advances Major Projects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Woodside Energy (<a href=\"\/stock\/WDS\">WDS<\/a>) delivered a robust fiscal year performance with a <strong>net income of $2.72 billion<\/strong>. Although profit fell 24% year-over-year due to lower commodity prices, the result <strong>beat adjusted estimates<\/strong> and supported a <strong>59-cent final dividend<\/strong> for shareholders.<\/p>\n<p>The company confirmed that its <strong>Scarborough energy project is now 94% complete<\/strong>, remaining on track for its first LNG cargo in late 2026. Additionally, the <strong>Trion project has reached 50% completion<\/strong>, and Woodside is currently in talks to sell up to an <strong>additional 20% stake in Louisiana LNG<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Trade_Tensions_Rise_Over_New_US_Tariffs\"><\/span>Global Trade Tensions Rise Over New U.S. Tariffs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The European Union has officially <strong>paused the approval of its trade deal<\/strong> with the United States following President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#39;s announcement of a <strong>15% universal import tariff<\/strong>. EU trade officials labeled the move &quot;pure tariff chaos&quot; and stated it constitutes a clear departure from the terms of the <strong>Turnberry Deal<\/strong> struck last summer.<\/p>\n<p>In Washington, <strong>CBO Director Phillip Swagel<\/strong> informed the NABE conference that the agency is <strong>waiting for clarity<\/strong> on the administration&#39;s tariff decisions before updating economic projections. Swagel noted that the CBO is closely tracking policy plans but requires more definitive data to assess the long-term impact on <strong>inflation and GDP<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Friction_in_Europe_and_the_Middle_East\"><\/span>Geopolitical Friction in Europe and the Middle East<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ukrainian President <strong>Volodymyr Zelenskyy<\/strong> has urged President Trump to &quot;see through Russia&#39;s games,&quot; warning that Vladimir Putin will attempt to divide Western allies during potential peace negotiations. Zelenskyy emphasized that <strong>security guarantees and air defense<\/strong> remain critical as the conflict approaches a purported June deadline for a settlement.<\/p>\n<p>Diplomatic relations between the U.S. and France have also soured as <strong>Ambassador Charles Kushner failed to appear<\/strong> for a formal summons by the French Foreign Ministry. The summons was issued to protest State Department comments regarding the death of an activist in Lyon; a representative attended the meeting in Kushner&#39;s place.<\/p>\n<p>In eastern Syria, state news agency <strong>SANA reported that one army personnel was killed<\/strong> during an attack by unknown gunmen on an army headquarters in <strong>Deir al-Zor<\/strong>. The incident adds to the persistent instability in the region as local forces face continued insurgent activity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Federal_Reserve_Moves_to_End_%22Reputation_Risk%22_Supervision\"><\/span>Federal Reserve Moves to End &quot;Reputation Risk&quot; Supervision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Federal Reserve (<a href=\"\/stock\/FRB\">FRB<\/a>)<\/strong> has requested public comment on a proposal to <strong>codify the removal of &quot;reputation risk&quot;<\/strong> from its bank examination manual. The proposal aims to ensure that supervisors do not pressure financial institutions to <strong>&quot;debank&quot; customers<\/strong> based on political views or religious beliefs.<\/p>\n<p>Vice Chair for Supervision <strong>Michelle Bowman<\/strong> stated that supervisory decisions must be based on <strong>material financial risks<\/strong> rather than subjective reputational concerns. This move follows similar actions by the <strong>OCC<\/strong> and <strong>FDIC<\/strong> to depoliticize the bank oversight process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Uber Technologies (UBER) is acquiring parking app SpotHero to integrate native parking reservations into its platform, with the 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