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.
Over the last six months, nCino’s shares have sunk to $31.47, producing a disappointing 9.2% loss - a stark contrast to the S&P 500’s 6.1% gain. This might have investors contemplating their next move.
The S&P 500’s average return on Fridays in 2025 has been a little under -0.3%, making it the worst day of the week for stocks so far this year, according to a note from Deutsche Bank analyst Jim Reid on Tuesday.
(Bloomberg) -- Results from Salesforce Inc. this week pose a key test for the stock and for what many believe is the next big thing in artificial intelligence: AI agents. 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 ResearchShelters Await Billions in Federal Money for Homelessness Prov
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 10.6% in the morning session after stocks tied to the crypto market fell, mirroring the weakness in digital assets. Bitcoin, the largest cryptocurrency by market cap, dropped to $87,000, a 20% decline from its all-time high of $109,114 on January 20, 2025. Historically, when Bitcoin stumbles, the broader crypto market takes a harder hit, and this time is no exception.
Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) fell 8.2% in the morning session after stocks tied to the crypto market fell, mirroring the weakness in digital assets. Bitcoin, the largest cryptocurrency by market cap, dropped to $87,000, a 20% decline from its all-time high of $109,114 on January 20, 2025. Historically, when Bitcoin stumbles, the broader crypto market takes a harder hit, and this time is no exception.