Tiffany Hagler-Geard | Bloomberg | Getty ImagesIntuit on Thursday reported quarterly results that beat analysts’ estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading. Here’s how the company did compared to analysts’ estimates compiled by LSEG:Earnings per share: $11.65 adjusted vs. $10.91 expectedRevenue: $7.8 billion vs. $7.56 billion expectedRevenue in the fiscal third quarter increased 15% from $6.7 billion a year ago. Intuit is best known for its TurboTax and QuickBooks software. The latest quarter ended on April 30, two weeks after the deadline for filing tax returns in the U.S.For its full fiscal…
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Stocks are on a shaky path once more as deficit fears rattle markets, but investors may be able to find solid income if they pick out the right dividend payers. A recent spike in Treasury bond yields has kept stocks under pressure this week. At its session high on Thursday, the 30-year Treasury bond yield surged to 5.161% and the benchmark 10-year note yield topped 4.6%. The sell-off in U.S. government debt came as the House of Representatives approved President Donald Trump’s sweeping tax bill and sent it to the Senate. The measure includes a higher exemption for state and…
Despite a weak day for stock in BJ’s Wholesale Club Holdings on Thursday, Freedom Capital Markets chief global strategist Jay Woods is sticking by the company after a better-than-expected first-quarter print. Woods discussed the wholesaler and his bullish views on Uber and Palo Alto Networks on CNBC’s ” Power Lunch ” on Thursday. BJ’s Wholesale Club Shares pulled back roughly 2% on Thursday after BJ’s told investors on its first-quarter earnings call that the effect of tariffs may force the chain to eventually raise prices. The company still reiterated its full-year outlook, which was part of the reason Woods is…
The FAA Air Traffic Control tower at Newark Liberty International Airport in Newark, New Jersey on May 7, 2025. Kena Betancur | AFP | Getty ImagesAmerican Airlines chief financial officer said Thursday that some travelers are avoiding Newark Liberty International Airport for other options in the area after a spate of recent disruptions, but cautioned that the impact is “modest.””There probably is some amount of book-away from Newark flights over into LaGuardia, JFK, maybe Philadelphia to a lesser extent,” CFO Devon May said at the Wolfe Research conference.The Federal Aviation Administration this week ordered airlines to temporarily cut flights at…
Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken, a crypto exchange that has spent years in court battling charges brought by the U.S. Securities and Exchange Commission over its digital asset offerings, is preparing to offer tokenized securities, including shares of Apple, Tesla, and Nvidia, to customers outside the U.S, according to a release Thursday.The exchange is partnering with Backed—a firm specializing in blockchain-based financial assets — to offer more than 50 U.S. stocks and ETFs as tokens on the Solana blockchain, the release said.The product, called xStocks, will be available only to…
Workers assemble electronic devices in China in 2016.Bloomberg | Bloomberg | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CETThe big storyU.S. President Donald Trump has never been the…
The bond market sell-off that’s spooked investors could actually help work off some of the stock market’s excesses, according to investor and CNBC Pro contributor Josh Brown. Brown expects that equities overall will be able to handle the sharp rise in U.S. Treasury yields, which he expects will only hurt the most speculative parts of the stock market. He outlined a scenario that harkened back to 2022, when the rise in interest rates pummeled SPACs, recent IPOs and technology startups that are over-leveraged. “All of a sudden, capital has a cost, and people change their behavior when it actually costs…
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesBillionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market.”I think we should be afraid of the bond market,” Dalio said at an event for the Paley Media Council in New York. “It’s like … I’m a doctor, and I’m looking at the patient, and I’ve said, you’re having this accumulation, and I can tell you that this is very,…
General Medicine founders TJ Parker, Ashwin Muralidharan and Elliot Cohen.General MedicineAfter selling online pharmacy PillPack to Amazon seven years ago, the founding team is launching a new company that aims to make the experience of getting medical care “as easy as shopping online.”PillPack founders TJ Parker and Elliot Cohen on Thursday launched a new venture called General Medicine. Parker and Cohen are joined by Ashwin Muralidharan, who most recently served as the technical adviser, or “shadow,” to Amazon’s top health executive Neil Lindsay.General Medicine is an online health-care marketplace, where users can get connected with a provider based on specific medical…
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA.Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty ImagesThe Trump administration on Thursday blocked the ability of Harvard University to enroll international students.”This administration is holding Harvard accountable for fostering violence, antisemitism, and coordinating with the Chinese Communist Party on its campus,” Department of Homeland Security Kristi Noem said in a statement posted on the social media site X.”It is a privilege, not a right, for universities to enroll foreign students and benefit from their higher tuition payments to help…
