Tax and accounting software provider, Intuit (NASDAQ:INTU) announced better-than-expected revenue in Q4 CY2024, with sales up 17% year on year to $3.96 billion. Guidance for next quarter’s revenue was better than expected at $7.58 billion at the midpoint, 1% above analysts’ estimates. Its GAAP profit of $1.67 per share was 98.1% above analysts’ consensus estimates.
Tesla's (TSLA) demand woes are picking up in Europe, with sales dropping a precipitous 45% in January.
(Bloomberg) -- A lack of recent multibillion dollar deals made the race for a role on CATL’s Hong Kong listing even more competitive, despite low fees for bankers and a US blacklisting hanging over the world’s biggest battery maker. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim at Transportation Research
Shares of game engine maker Unity (NYSE:U) fell 10.3% in the afternoon session after the Nasdaq dropped 1.3%, marking its fourth consecutive day of losses, as investor concerns over the tech sector continue to mount. The downturn appears to be most pronounced in stocks heavily exposed to the AI market, with traders growing uneasy about stretched valuations and potential slowdowns in AI-related spending.
The impacts of the Trump administration’s moves with tariffs and mass federal layoffs remain huge wild cards.
Meanwhile, the S&P 500 was down 0.6% and the Nasdaq Composite was down 1.3%. The price of Bitcoin was down 7.8% over the previous 24 hours. Nvidia's fourth-quarter earnings release and conference call is also scheduled to take place after the market closes tomorrow and could have a substantial impact on equity and crypto valuations.
(Bloomberg) -- Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation’s effort to boost crude output. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesThe Trump Administration Takes Aim at Transportation ResearchNew York’s Congestion Pricing Plan Faces Another Legal Sho
The global crypto market cap has dropped to $2.8 trillion, reflecting a 6.8% decrease.
(Bloomberg) -- Oil slumped along with equity markets as US consumer confidence tumbled, adding to mounting concerns that US President Donald Trump’s policies will hamper economic growth and sap energy demand. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesThe Trump Administration Takes Aim at Transportation ResearchNew York’s Congestion Pricing Plan Faces Another Legal ShowdownShelters Await Billions
Economic uncertainty is dragging bitcoin to levels not seen in months, and memecoins are getting demolished on Tuesday.
