finance

Uber and Disney Stocks Surge Amid Resilient Consumer Spending Despite High Gas Prices

May 6, 2026

1 source

CNBC Finance

Uber and Disney Stocks Surge Amid Resilient Consumer Spending Despite High Gas Prices

Story Summary

Uber and Disney shares gained significantly as both companies reported strong financial results driven by continued local consumer spending on rides, dining, travel, and theme parks. Despite soaring gasoline prices and geopolitical tensions affecting household budgets, executives noted no signs of weakening demand. Uber's delivery revenue jumped 34% while Disney's experiences division reached nearly $9.5 billion, defying market expectations of a spending slowdown.

On May 6, 2026, Howden announced the acquisition of Cybeta's intellectual property assets, enabling the brokerage to offer clients faster and more precise cyber risk analysis. This move supports improved underwriting, placement, and claims outcomes while bolstering Howden's recently launched U.S. cyber practice through former Cybeta team members' expertise in threat intelligence and predictive analytics. Terms remain undisclosed.

Insurance Journal·May 6, 2026

insurance

Baldwin Group Reports $1.9M Q1 Loss Following Active Merger Period

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Insurance Journal·May 6, 2026

gaming

Karl Urban Discusses Vulnerable Johnny Cage Portrayal in Upcoming Mortal Kombat 2 Movie

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IGN·May 6, 2026

gaming

Humble Choice May 2026 Bundle Features Diablo IV and Eight Other PC Games

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