INTU Jul 2024 690.000 put
- Bloomberg
Intuit's TurboTax Lost 1 Million Free Users This Tax Season
(Bloomberg) -- Intuit Inc. shares dropped the most in two years after the company reported losing 1 million customers who use its TurboTax service for free, stoking concerns about demand for the software. Most Read from BloombergWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesYellen Says Higher Path for Rates Boosts Need to Lift RevenueBiden to End Tariff Exclusions on Hundreds of Chinese ProductsHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysSchwarzman Plans to Back Trum
- Barrons.com
TurboTax’s Intuit Is the S&P 500’s Worst Performer Friday. Analysts Still Like the Stock.
Intuit expects the number of free TurboTax customers to be around 10 million for the full fiscal year.
- Yahoo Finance Video
Ether ETF approved, Live Nation antitrust suit: Morning Brief
After an eventful week compounded by Nvidia's (NVDA) fiscal first-quarter earnings, the major market averages (^DJI, ^IXIC, ^GSPC) are hoping to end the week on a high note and claw back some gains ahead of the Memorial Day Weekend. Morning Brief Hosts Seana Smith and Brad Smith walk investors through the top stories moving stocks in Friday's trading day, kicking off the session with Truist Co-Chief Investment Officer and Chief Market Strategist Keith Lerner who compares the market sway of Nvidia's latest earnings to that of inflation data or the Federal Reserve's monetary policy. The Securities and Exchange Commission (SEC) approved ether ETF offerings on Thursday, leading Bloomberg Intelligence ETF Research Analyst James Seyffart to believe ethereum-exposed (ETH-USD) products will have similar success to the spot bitcoin ETFs (BTC-USD) rolled out at the start of 2024, just not on the same scale. Other top trending stories include the latest in the Department of Justice's (DOJ) antitrust suit against concert promoter and ticket seller Live Nation (LYV) and Charter Communications' (CHTR) content distribution deal with Paramount Global (PARA). This post was written by Luke Carberry Mogan.
