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Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF

All three major US stock indexes were up in late-morning trading Wednesday, a day after a jump in lo

In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.

The TurboTax and QuickBooks maker is eliminating about 3,000 positions and closing 2 offices as it consolidates around AI

Investing.com -- Intuit (NASDAQ:INTU) shares fell 3.9% Wednesday after Reuters reported the company plans to lay off approximately 17% of its global workforce.

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline ‌operations and sharpen focus on its key bets including its AI efforts, according ‌to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to staff earlier ​in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request ‌for comment.

With a 5-year average revenue growth rate of 20.9%, Intuit Inc. (NASDAQ:INTU) is included among the 11 Best Long Term US Stocks to Buy Right Now. On May 11, TD Cowen lowered its price recommendation on Intuit Inc. (NASDAQ:INTU) to $576 from $633. It reiterated a Buy rating on the stock. The firm said it still sees […]

The main US stock measures were pointing higher in Wednesday's premarket activity as traders await t

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona

Nvidia, the most valuable public company by market capitalization, will report earnings Wednesday, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Target will also report this week.

Investors may be wondering whether Intuit at around US$399.71 still stacks up as good value, or if the stock now carries more risk than reward. After a tough run this year, with the share price down 36.5% year to date and 40.0% over the past 12 months, the recent moves of 3.1% over the last week and 1.6% over the past month provide fresh context for anyone reassessing the stock. Recent headlines have focused on Intuit's position in core products like TurboTax and QuickBooks, along with...

A number of stocks jumped in the afternoon session after President Trump's state visit to Beijing lifted market sentiment across tech, with the S&P hitting a record high above 7,500.

Investors are closely eyeing the stock which has fallen roughly 40% from its yearly high amid concerns over growth and valuation.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.68%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.95%. June E-mini S&P futures (ESM26 ) are down -0.75%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.45%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

INTU's QuickBooks adds AI-powered Workforce tools, expanding from accounting into payroll, hiring and HR management.

Investors return to software sector after prolonged weaknessU. S.

Nvidia, the most valuable public company by market capitalization, will report earnings this week, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Home Depot will also report.

A number of stocks jumped in the afternoon session after a robust earnings report and upgraded annual revenue forecast from networking giant Cisco Systems, fueled optimism in the software sector.

INTU gears up for fiscal Q3 results with double-digit revenue growth forecast and strong momentum across QuickBooks, TurboTax and Credit Karma.

Intuit (INTU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Matrix Asset Advisors, an asset management company, released its Q1 2026 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2026, the stock market declined by -4.33% after three years of gains, initially lifted by strong earnings and expectations of interest rate cuts. However, following military actions in Iran […]

Investors will get highly anticipated quarterly results from Nvidia (NVDA) on Wednesday in what's expected to be the marquee earnings event of the week.

Wall Street futures pointed moderately lower pre-bell Monday as traders assessed the still-closed St

June S&P 500 E-Mini futures (ESM26) are down -0.41%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.30% this morning, pointing to a lower open on Wall Street as oil prices continue to rise amid the stalemate between the U.S. and Iran.

Nvidia, the most valuable public company by market capitalization, will report earnings this week, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Home Depot will also report.

A number of stocks fell in the afternoon session after the April PPI report sent Treasury yields to 10-month highs, with the 10-year yield rising to 4.49%.

The financial technology specialist's stock has been crushed in 2026 -- even as the underlying business keeps posting double-digit growth.

Besides Wall Street's top-and-bottom-line estimates for Intuit (INTU), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2026.