{"id":74132,"date":"2026-11-04T08:38:19","date_gmt":"2026-11-04T12:38:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-meta-taps-euro-markets-while-uber-and-kraft-heinz-pivot-strategies\/74132\/"},"modified":"2026-11-04T08:38:19","modified_gmt":"2026-11-04T12:38:19","slug":"tech-and-consumer-giants-report-meta-taps-euro-markets-while-uber-and-kraft-heinz-pivot-strategies","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-meta-taps-euro-markets-while-uber-and-kraft-heinz-pivot-strategies\/74132\/","title":{"rendered":"Tech and Consumer Giants Report: Meta Taps Euro Markets While Uber and Kraft Heinz Pivot Strategies"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> launched its first-ever <strong>euro-denominated bond sale<\/strong>, seeking up to <strong>\u20ac9 billion<\/strong> across six tranches to fund its massive <strong>AI infrastructure<\/strong> expansion.<\/li>\n<li><strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>)<\/strong> reported a <strong>20% surge in gross bookings<\/strong> to <strong>$59.82 billion<\/strong> and announced plans to scale its autonomous fleet to over <strong>2,000 fully driverless vehicles<\/strong> by 2027.<\/li>\n<li><strong>Kraft Heinz (<a href=\"\/stock\/KHC\">KHC<\/a>)<\/strong> beat earnings expectations and announced the <strong>$650 million divestiture<\/strong> of its North American coffee business (including Maxwell House) to One Rock Capital Partners.<\/li>\n<li><strong>GlobalFoundries (<a href=\"\/stock\/GFS\">GFS<\/a>)<\/strong> posted a record <strong>31.4% adjusted gross margin<\/strong> driven by AI demand, despite an IFRS net loss resulting from a one-time <strong>$441 million non-cash charge<\/strong>.<\/li>\n<\/ul>\n<h2>Meta\u2019s Strategic Debt Expansion<\/h2>\n<p>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>) made a historic entry into the European debt markets on Wednesday, initiating a multi-tranche bond sale. This move follows a successful <strong>$15 billion<\/strong> U.S. dollar bond offering earlier in the week, as the company seeks to capitalize on favorable borrowing conditions to finance its <strong>artificial intelligence<\/strong> roadmap. The euro-denominated offering is expected to raise as much as <strong>\u20ac9 billion<\/strong>, with maturities ranging from <strong>4 to 38 years<\/strong>.<\/p>\n<p><em>Analysts view this diversification of funding as a critical step for Meta, which recently projected capital expenditures could reach hundreds of billions of dollars over the coming years.<\/em> The issuance comes despite a recent outlook revision by S&amp;P Global Ratings, which shifted Meta&#39;s <strong>AA- credit rating<\/strong> to negative, citing the heavy capital intensity of its AI initiatives.<\/p>\n<h2>Uber Accelerates Autonomous Fleet<\/h2>\n<p>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) delivered a strong third-quarter performance, with <strong>revenue rising 10% to $14.77 billion<\/strong>, slightly ahead of analyst estimates. The company\u2019s <strong>adjusted EBITDA of $2.96 billion<\/strong> grew 31% year-over-year, reflecting improved operating leverage across its Mobility and Delivery segments. A standout metric was the <strong>215 million monthly active users<\/strong>, a record high for the platform.<\/p>\n<p>The company is now pivoting its focus toward &quot;commercial execution&quot; of autonomous technology. CEO Dara Khosrowshahi confirmed that Uber expects to have <strong>700 fully driverless vehicles<\/strong> on the platform by the end of 2026, with a target to exceed <strong>2,000 vehicles in 2027<\/strong>. <em>This aggressive scaling is intended to improve unit economics and solidify Uber&#39;s position as the primary marketplace for autonomous vehicle (AV) deployments.<\/em><\/p>\n<h2>Kraft Heinz Trims Portfolio<\/h2>\n<p>The Kraft Heinz Company (<a href=\"\/stock\/KHC\">KHC<\/a>) reported third-quarter <strong>adjusted EPS of $0.53<\/strong>, significantly outperforming the <strong>$0.42<\/strong> consensus estimate. In a major strategic shift, the food giant entered a definitive agreement to sell its <strong>North American coffee business<\/strong> to One Rock Capital Partners for an enterprise value of <strong>$650 million<\/strong>. The deal includes iconic brands such as <strong>Maxwell House, Gevalia, and Ethical Bean<\/strong>.<\/p>\n<p>Kraft Heinz will retain a <strong>30% non-controlling stake<\/strong> in the coffee business and expects to receive <strong>$500 million in net cash proceeds<\/strong>, which will be used to pay down debt. Following the beat, the company raised its full-year <strong>adjusted EPS guidance<\/strong> to a range of <strong>$2.07 to $2.13<\/strong>, up from the previous range of $2.03 to $2.09.<\/p>\n<h2>GlobalFoundries Rides AI Wave<\/h2>\n<p>Semiconductor manufacturer GlobalFoundries (<a href=\"\/stock\/GFS\">GFS<\/a>) reported third-quarter revenue of <strong>$1.90 billion<\/strong>, narrowly beating expectations. While the company reported an <strong>IFRS net loss of $270 million<\/strong>, this was primarily due to a <strong>$441 million non-cash charge<\/strong> related to issuing shares to the U.S. government. On an adjusted basis, the company earned <strong>$0.53 per share<\/strong>, surpassing the $0.50 estimate.<\/p>\n<p>The company&#39;s <strong>adjusted gross margin<\/strong> reached a record <strong>31.4%<\/strong>, which management attributed to a &quot;richer business mix&quot; focused on high-growth <strong>AI applications<\/strong>. Looking ahead to the fourth quarter, GlobalFoundries issued optimistic revenue guidance of <strong>$1.98 billion to $2.03 billion<\/strong>, signaling continued momentum in data center and communications infrastructure demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Meta Platforms (META) launched its first-ever euro-denominated bond sale, seeking up to \u20ac9 billion across six tranches to 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