This article first appeared on GuruFocus. Nvidia (NVDA, Financials) is giving more cash back to shareholders after another strong stretch for the AI chip leader. The company raised its quarterly dividend to $0.25 per share, up from $0.01 previously. The new dividend will be paid June 26 to shareholders of record as of June 4. Nvidia also approved an additional $80 billion for share repurchases, wi...
This article first appeared on GuruFocus. Nvidia (NVDA, Financials) is giving more cash back to shareholders after another strong stretch for the AI chip leader. The company raised its quarterly dividend to $0.25 per share, up from $0.01 previously. The new dividend will be paid June 26 to shareholders of record as of June 4. Nvidia also approved an additional $80 billion for share repurchases, with no expiration date. The move comes as Nvidia continues to benefit from heavy demand for AI chips and data center systems. While the dividend yield remains small, the sharp increase and larger buyback show how much cash the company is generating. For investors, the announcement adds another layer to Nvidia's story beyond growth. The company is now pairing its AI momentum with a bigger capital return program.
Developers can now access Gemini 3.5 Flash instantly through OrcaRouter's unified API — with 10% promotional credits for the next 10 days SAN FRANCISCO, May 21, 2026 /PRNewswire/ -- OrcaRouter, the zero-markup adaptive LLM routing platform built by Continuum AI, today announced the availability of Google AI's Gemini 3.5 Flash API on its unified routing infrastructure. To celebrate the launch, Orca...
Developers can now access Gemini 3.5 Flash instantly through OrcaRouter's unified API — with 10% promotional credits for the next 10 days SAN FRANCISCO, May 21, 2026 /PRNewswire/ -- OrcaRouter, the zero-markup adaptive LLM routing platform built by Continuum AI, today announced the availability of Google AI's Gemini 3.5 Flash API on its unified routing infrastructure. To celebrate the launch, OrcaRouter is offering a limited-time 10% promotional credit campaign for all Gemini 3.5 Flash API usage processed through the platform over the next 10 days. Gemini 3.5 Flash is one of the fastest multimodal models currently available, optimized for low-latency reasoning, real-time agents, coding copilots, chat applications, and production-scale inference workloads. Through OrcaRouter, developers can access Gemini 3.5 Flash immediately using a single OpenAI-compatible API endpoint alongside more than 200 models and providers. Unlike traditional inference gateways, OrcaRouter provides: Zero token markup routing OpenAI-compatible APIs Adaptive multi-model routing strategies Automatic failover and fallback handling Built-in observability and analytics Guardrails and production governance BYOK (Bring Your Own Key) support Unified access to 200+ AI models The launch further expands OrcaRouter's growing model marketplace, which includes APIs from providers across OpenAI, Anthropic, Google, DeepSeek, Qwen, GLM, Meta, and other leading open-source and frontier ecosystems. Developers can start using Gemini 3.5 Flash immediately by updating their base URL to OrcaRouter's unified endpoint. The 10% promotional credit campaign is available globally starting today and applies automatically to eligible Gemini 3.5 Flash usage through OrcaRouter during the campaign period. Developers can get started at: https://www.orcarouter.ai About OrcaRouter OrcaRouter is a next-generation adaptive LLM routing platform that enables developers and enterprises to route AI workloads across multiple providers ...
When you're in the process of saving for retirement, a stock market downturn can be aggravating. When you're actually retired and are living off of your IRA or 401(k), a stock market downturn can be downright scary. At that point, you risk locking in significant portfolio losses if you continue tapping your savings for money when the value of your investments is down. So it's important to be flexi...
When you're in the process of saving for retirement, a stock market downturn can be aggravating. When you're actually retired and are living off of your IRA or 401(k), a stock market downturn can be downright scary. At that point, you risk locking in significant portfolio losses if you continue tapping your savings for money when the value of your investments is down. So it's important to be flexible in these situations, which means being prepared to reduce your spending. Just how much should you reduce? The goal is to cut a reasonable amount while also making sure your basic needs aren't being neglected. Limit cuts to discretionary spending first When the market first tumbles, it's natural to panic. But one thing to remember is that not all market downturns are years-long events. As such, you shouldn't necessarily rush to give up your car or start limiting yourself to discount grocers only. A better idea is to review your discretionary spending and make cuts in categories like dining out, entertainment, and travel. But even those cuts need to be reasonable. If you have strong savings, a market downturn doesn't have to mean you can't have a single streaming service or go out to dinner once a month. It just means you need to be careful. Move on to regular expenses if you're in a serious crunch If there's a prolonged stock market downturn during retirement and you see your savings rapidly dwindling, that's a sign that you may need to start rethinking some essential expenses. If the market is showing no signs of recovery and it's a struggle to maintain your large home (and the large property tax bill that comes with it), downsizing could make sense. It also wouldn't hurt to spend more carefully on essentials if you're in the midst of a lengthy market downturn and feel that you're quickly running out of money. That could mean being more organized when you shop for food and buying on-sale groceries as part of your meal planning. Protect yourself with a cash cushion Limit...
Investors in Amalgamated Financial Corp. AMAL need to pay close attention to the stock based on moves in the options market lately. That is because the May 16, 2025 $22.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volat...
Investors in Amalgamated Financial Corp. AMAL need to pay close attention to the stock based on moves in the options market lately. That is because the May 16, 2025 $22.50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Amalgamated Financial share, but what is the fundamental picture for the company? Currently, Amalgamated Financial is a Zacks Rank #3 (Hold) in the Financial - SBIC & Commercial Industry that ranks in the Bottom 43% of our Zacks Industry Rank. Over the last 60days, no analyst has increased his estimate for the current quarter, while one has revised his estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from 91 cents per share to 90 cents in the same time period. Given the way analysts feel about Amalgamated Financial right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your ...
Jobless Claims Refuse To Show Any Signs Of AI Jobpocalypse The number of Americans filing for unemployment benefits for the first time fell to 209k last week (below expectations), continuing to show absolutely on signs of any labor market stress... Source: Bloomberg That is basically unchanged since 2021. Continuing jobless claims ticked up modestly but remains below 1.8 million Americans (just of...
Jobless Claims Refuse To Show Any Signs Of AI Jobpocalypse The number of Americans filing for unemployment benefits for the first time fell to 209k last week (below expectations), continuing to show absolutely on signs of any labor market stress... Source: Bloomberg That is basically unchanged since 2021. Continuing jobless claims ticked up modestly but remains below 1.8 million Americans (just off two year lows)... Source: Bloomberg So, despite the tsunami of headlines every day about the AI jobpocalypse, 'hard' data shows no signs of any pain yet (wait until the severance packages run dry)... Tyler Durden Thu, 05/21/2026 - 08:35
"What we always try to avoid is being really specific about, 'You can do this and you can't do that', because fundamentally the responsibility is with Channel 4 and its production company, or with ITV or BBC or whoever is producing these shows, to get this right," she explained.
"What we always try to avoid is being really specific about, 'You can do this and you can't do that', because fundamentally the responsibility is with Channel 4 and its production company, or with ITV or BBC or whoever is producing these shows, to get this right," she explained.
Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to support its currency during the first month of the Iran war, according to Bloomberg calculations based on US Treasury data. The amount of Treasuries held by Turkey fell to $1.8 billion by the end of March, down from $16 billion the previous month, the data showed. The figure includes securities held by the centra...
Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to support its currency during the first month of the Iran war, according to Bloomberg calculations based on US Treasury data. The amount of Treasuries held by Turkey fell to $1.8 billion by the end of March, down from $16 billion the previous month, the data showed. The figure includes securities held by the central bank and other Turkish entities, including corporates. Read: Turkey Defends Lira as Iran War Puts Markets Under Pressure The decline coincided with a selloff in Turkish markets after the Middle East conflict erupted, sending oil prices sharply higher. The central bank moved swiftly to prevent significant lira weakening, by tightening funding conditions and selling off foreign exchange and gold assets. Its interventions also included swapping gold from reserves. The central bank typically does not comment on its interventions and it declined to comment on the sales of US Treasuries. Turkey’s Treasury holdings were as high as $21 billion in February 2025 after the country spent a year rebuilding reserves. They had peaked about a decade ago at $80 billion, before steadily declining as relations with the US soured over a range of political and geopolitical disputes. March is the last month for which data is available, with April figures due to be released next month. Despite the interventions, the lira has remained under pressure as the war drags on. Last week, the central bank raised its year-end inflation target to 24% from 16%, after data showed annual inflation accelerated to 32.4% . Turkish bonds have also suffered steep losses, with 10-year yields hitting record highs of 35.75%.
Joaquin Corbalan/iStock via Getty Images Critical Metals ( CRML ) up 8.3% pre-market Thursday after saying it entered into a definitive 15-year offtake agreement with REalloys ( ALOY ) for rare earth element concentrate from its Tanbreez project in Greenland. Under the agreement, REalloys ( ALOY ) will purchase 15% of Tanbreez's annual rare earth concentrate production, with priority rights respec...
Joaquin Corbalan/iStock via Getty Images Critical Metals ( CRML ) up 8.3% pre-market Thursday after saying it entered into a definitive 15-year offtake agreement with REalloys ( ALOY ) for rare earth element concentrate from its Tanbreez project in Greenland. Under the agreement, REalloys ( ALOY ) will purchase 15% of Tanbreez's annual rare earth concentrate production, with priority rights respecting concentrate volumes containing elevated concentrations of heavy rare earth elements dysprosium and terbium, together with a right of first refusal over additional volumes. The deal follows the government of Greenland's recent approval of Critical Metals' ( CRML ) ownership increase to 92.5% of the Tanbreez project. Critical Metals ( CRML ) has disclosed Tanbreez Phase 1 nameplate capacity of as much as 15K metric tons/year of rare earth concentrate. "This agreement marks a pivotal inflection point for Critical Metals and unequivocally validates Tanbreez as a world-class, development-stage asset of global strategic importance," Critical metals ( CRML ) Chairman Tony Sage said. REalloys ( ALOY ) said the a greement establishes a long-term, U.S. -aligned source of heavy rare earth element feedstock for its downstream separation, metallization, and magnet manufacturing operations. More on Critical Metals and REalloys Critical Metals Corp: New Clarity And Momentum At Tanbreez For This Emerging HREE Miner Critical Metals: Focus On Execution Reality Instead Of Speculative Story (Rating Downgrade) REalloys: A Bet On The U.S. Magnet Build-Out
Dilok Klaisataporn/iStock via Getty Images By Bert Colijn , Chief Economist, Netherlands The PMI fell from 48.8 in April to 47.5 in May, the lowest reading since 2023. Growth concerns come on top of inflation worries as the PMI flags increasing risks of a technical recession in the eurozone if the Middle East conflict persists. While the markets' focus is still mainly on the inflationary impact of...
Dilok Klaisataporn/iStock via Getty Images By Bert Colijn , Chief Economist, Netherlands The PMI fell from 48.8 in April to 47.5 in May, the lowest reading since 2023. Growth concerns come on top of inflation worries as the PMI flags increasing risks of a technical recession in the eurozone if the Middle East conflict persists. While the markets' focus is still mainly on the inflationary impact of the war, today’s eurozone PMI confirms that the growth impact is not to be overlooked. The survey indicates weakening output and falls in new orders and jobs. So an all-round bleak report for the eurozone economy in the middle of the second quarter. Businesses are suffering from sharp input cost increases, combined with uncertainty and low confidence among corporates and consumers. This results in declining new orders in both services and manufacturing. But because demand is weakening, it looks like businesses are going to struggle more to pass on their higher input costs to the consumer. The selling prices reported by the survey grew only marginally faster than last month. This makes this a different crisis from 2022, as it is set to dampen consumer price increases somewhat but also brings more growth concerns as corporate margins come under pressure. As the Middle East conflict remains unresolved right now, the negative impact of the energy shock on the eurozone economy is clearly increasing. That makes this time different from the previous energy shock. Without ample government support in place and without the vibrant reopening of the service sector as lockdowns ended, like in 2022, the negative impact on growth could be more pronounced. Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell...
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended September 21st. The Labor Department said initial jobless claims slipped to 218,000, a decrease of 4,000 from the previous week's revised level of 222,000. The dip surprised economists, who had expected jobless claims to rise to 225,00...
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended September 21st. The Labor Department said initial jobless claims slipped to 218,000, a decrease of 4,000 from the previous week's revised level of 222,000. The dip surprised economists, who had expected jobless claims to rise to 225,000 from the 219,000 originally reported for the previous week. With the unexpected decrease, jobless claims fell to their lowest level since hitting 216,000 in the week ended May 18th. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This article first appeared on GuruFocus. SoftBank Group (SFTBY, Financials) surged after Nvidias strong earnings gave investors another reason to buy companies tied to the artificial intelligence boom. Shares rose 19.8%, reversing five straight sessions of losses and adding about $35 billion to SoftBanks market value. The move followed Nvidias latest report, which showed revenue up 85% from a yea...
This article first appeared on GuruFocus. SoftBank Group (SFTBY, Financials) surged after Nvidias strong earnings gave investors another reason to buy companies tied to the artificial intelligence boom. Shares rose 19.8%, reversing five straight sessions of losses and adding about $35 billion to SoftBanks market value. The move followed Nvidias latest report, which showed revenue up 85% from a year earlier to $81.62 billion. SoftBank has become a major AI proxy through its stake in Arm Holdings and its large investment in OpenAI. The company has invested more than $30 billion in OpenAI and said gains tied to the company totaled about $45 billion in the fiscal year ended March. The rally also lifted Asian chip stocks, including TSMC, Renesas, Tokyo Electron, SK Hynix and Samsung Electronics. For investors, the move shows how closely SoftBanks valuation is now tied to AI sentiment. The next test will be whether Arm and OpenAI can keep supporting gains as expectations rise.
Investors in Autoliv, Inc. ALV need to pay close attention to the stock based on moves in the options market lately. That is because the Feb. 20, 2026 $70.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest t...
Investors in Autoliv, Inc. ALV need to pay close attention to the stock based on moves in the options market lately. That is because the Feb. 20, 2026 $70.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Autoliv shares, but what is the fundamental picture for the company? Currently, Autoliv is a Zacks Rank #3 (Hold) in the Automotive - Original Equipment industry that ranks in the Bottom 39% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $2.06 per share to $1.83 in that period. Given the way analysts feel about Autoliv right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Want the latest recommendations from Zacks Invest...
As high fuel prices and disruption from the Middle East conflict force many Asian carriers to cut capacity and rearrange routes, Singapore Airlines (SIA) is moving in the opposite direction: adding long-haul flights to Europe in a bid to capture traffic from its Gulf rivals. Aviation analysts said the carrier’s expansion reflected a rare combination in the region: a strong balance sheet, insulatio...
As high fuel prices and disruption from the Middle East conflict force many Asian carriers to cut capacity and rearrange routes, Singapore Airlines (SIA) is moving in the opposite direction: adding long-haul flights to Europe in a bid to capture traffic from its Gulf rivals. Aviation analysts said the carrier’s expansion reflected a rare combination in the region: a strong balance sheet, insulation from sudden jumps in fuel prices due to its hedging strategy and a hub in Singapore that could help capture premium Asia-Europe traffic diverted from Gulf carriers such as Emirates, Qatar Airways and Etihad Airways. The opening may be narrow for SIA to increase its market share, with Middle Eastern airlines gradually restoring capacity and fuel costs remaining elevated, according to the analysts. Advertisement SIA announced on May 8 that it would increase services from Singapore to Manchester, Milan, Munich and London Gatwick from July, and launch a new service to Madrid via Barcelona five times a week in October. Kadam Aggarwal, a partner at management consulting firm YCP who specialises in aviation, said the airline was executing a “demand capture counter strategy”. Advertisement “As the Gulf carriers are struggling and ceding their market shares, SIA is trying to capture the market, especially the Europe connectivity, which has been elusive for the airline for very long. SIA’s move is to establish itself as a viable premium alternative to the Middle Eastern carriers with the hope of creating stickiness and loyalty among its customers,” he said.
Initial jobless claims for the week ended May 16: -3K to 209K vs. 213K consensus and 212K prior (revised from 211K), according to data released by the U.S. Department of Labor on Thursday. The four-week moving average was 202.50K, a decrease of 1.50K from the previous week's revised average of 204.00K (revised from 203.75K). Continuing claims for the week ended May 9: 1.782M vs. 1.790M consensus a...
Initial jobless claims for the week ended May 16: -3K to 209K vs. 213K consensus and 212K prior (revised from 211K), according to data released by the U.S. Department of Labor on Thursday. The four-week moving average was 202.50K, a decrease of 1.50K from the previous week's revised average of 204.00K (revised from 203.75K). Continuing claims for the week ended May 9: 1.782M vs. 1.790M consensus and 1.776M prior (revised from 1.782M). Advance seasonally adjusted insured unemployment rate was 1.2% for the week ended May 9, unchanged week-over-week. For the week ended May 16, advance number of actual initial claims under state programs, unadjusted, totaled 185.63K, a decrease of 5.83K week-over-week. More on Jobs & Employment Low unemployment streak revives debate over job market's new floor AI's impact on jobs stays limited despite rising adoption - Pantheon Macro Advanced degrees lose some shine as employers shift to skills-based hiring
Bayern Munich’s Manuel Neuer has come out of international retirement after being named on Thursday as the starting goalkeeper in Germany’s World Cup squad by head coach Julian Nagelsmann. Nagelsmann made the decision after having long labelled Hoffenheim’s Oliver Baumann as his first-choice keeper. “Yes I plan with [Neuer as No 1],” Nagelsmann said on Thursday. “The main task was to nominate the ...
Bayern Munich’s Manuel Neuer has come out of international retirement after being named on Thursday as the starting goalkeeper in Germany’s World Cup squad by head coach Julian Nagelsmann. Nagelsmann made the decision after having long labelled Hoffenheim’s Oliver Baumann as his first-choice keeper. “Yes I plan with [Neuer as No 1],” Nagelsmann said on Thursday. “The main task was to nominate the best three keepers. So we decided that these three are part of that. We contacted Manuel and asked him if he wanted to play for the national team again.” The 40-year-old Neuer, who last competed for Germany at Euro 2024 before his international retirement, is now set to play in his fifth successive World Cup, joining an elite group of players with five or more tournaments. Neuer, a 2014 World Cup winner, enjoyed a solid season with champions Bayern, who can win the domestic double with victory over Stuttgart in the German Cup final on Saturday. He signed a contract extension with Bayern last week. There were few other major surprises in Nagelsmann’s 26-man squad for the tournament starting next month, but the coach also called up Bayern teenager Lennart Karl, who enjoyed a meteoric rise this season, as well as Nadiem Amiri and Leroy Sané, who both had outside chances of earning a spot. Niclas Füllkrug, Karim Adeyemi and Kevin Schade are some of the players that didn’t make the cut. “They [players] fit well together. It is a good mix. Many have been playing since the youth together,” Nagelsmann said. “We are happy with our choice but know others will stay at home who have performed very well.“ Quick Guide Germany's squad in full Show Goalkeepers: Oliver Baumann (Hoffenheim), Manuel Neuer (Bayern Munich), Alexander Nübel (Stuttgart). Defenders: Joshua Kimmich (Bayern Munich), Nico Schlotterbeck (Borussia Dortmund), Nathaniel Brown (Eintracht Frankfurt), David Raum (Leipzig), Waldemar Anton (Borussia Dortmund), Pascal Gross (Brighton), Antonio Rüdiger (Real Madrid), Malick Thi...
Monty Rakusen U.S. housing starts declined by 2.8% M/M to a seasonally adjusted annual rate of 1.465M in April, higher than the 1.410M consensus, according to data released by the U.S. Census Bureau on Thursday. March's print was revised to 1.507M from the initial reading of 1.502M. The rate of privately owned housing starts rose 4.6% from the April 2025 rate of 1.400M. Single-family housing start...
Monty Rakusen U.S. housing starts declined by 2.8% M/M to a seasonally adjusted annual rate of 1.465M in April, higher than the 1.410M consensus, according to data released by the U.S. Census Bureau on Thursday. March's print was revised to 1.507M from the initial reading of 1.502M. The rate of privately owned housing starts rose 4.6% from the April 2025 rate of 1.400M. Single-family housing starts ran at 930K, down 9.0% from the revised March print of 1.022M. Building permits increased 5.8% M/M to an annual rate of 1.442M vs. the 1.380M consensus and 1.363M prior (unrevised). The latest data was 0.2% below the April 2025 rate of 1.445M. Single-family authorizations in April clocked in at a 872K rate, some 2.6% below the prior month's revised figure of 895K. Privately owned housing completions during the month were at a seasonally adjusted annual rate of 1.449M, up 4.8% from March and 2.0% lower than the April 2025 rate. Single-family housing completions came in at a rate of 903K, a 1.0% decline from March, the Census Bureau said . More on the US Economy Flash PMIs Show War's Impact Markets Wait Majority of FOMC members see a hike as likely if inflation stays persistently over 2% Low unemployment streak revives debate over job market's new floor
Intuit (INTU) stock currently trades at $332 in extended trading, representing a roughly 60% decline from its 52-week high of $813. Based on management’s raised FY26 non-GAAP EPS guidance of $23.80 to $23.85, the stock now trades at approximately 14 times forward earnings. This multiple is a severe compression compared to its four-year historical average of over 30x. The market valuation currently...
Intuit (INTU) stock currently trades at $332 in extended trading, representing a roughly 60% decline from its 52-week high of $813. Based on management’s raised FY26 non-GAAP EPS guidance of $23.80 to $23.85, the stock now trades at approximately 14 times forward earnings. This multiple is a severe compression compared to its four-year historical average of over 30x. The market valuation currently reflects severe pessimism, pricing in worst-case scenarios and fixating heavily on DIY tax weakness alongside broader fears of AI disruption in core bookkeeping functions. At this valuation, Intuit presents a highly favorable risk-reward profile. The current average analyst consensus price target stands at $567, implying meaningful upside potential for investors who can look past the immediate regulatory and restructuring noise. The Core Insight: A Strategic Pivot Over Long-Term Decline The headline noise from the latest earnings centers on a massive 17% workforce reduction and the CEO acknowledging the company lost on price in the price-sensitive DIY tax segment. The hidden insight is that this data reveals a deliberate operational pivot rather than long-term business deterioration. Intuit is actively ceding the low-end, highly commoditized DIY market to competitors to focus on the higher-value assisted tax category. TurboTax Live revenue is expected to grow 36% this year, pushing the assisted segment to represent over half of total TurboTax revenue. Ecosystem Strength Obscured By Tax Headwinds While the DIY tax segment struggles under price pressure, the broader accounting ecosystem demonstrates sustained pricing power and durable growth. The mid-market online ecosystem, driven by QuickBooks Advanced and Intuit Enterprise Suite, accelerated to 38% revenue growth in Q3. Total online payment volume grew 30%. Global Business Solutions grew 17% when excluding a slightly declining Mailchimp segment. The company retains a dominant 62% U.S. accounting market share with an 84% c...
The Philly Fed Manufacturing Index unexpectedly dropped to -0.4, compared to 26.7 in April and against the consensus of 17.6, according to data released by the Philadelphia Federal Reserve on Thursday. Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey . The indicators for current activity, new orders, and shipm...
The Philly Fed Manufacturing Index unexpectedly dropped to -0.4, compared to 26.7 in April and against the consensus of 17.6, according to data released by the Philadelphia Federal Reserve on Thursday. Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey . The indicators for current activity, new orders, and shipments all fell sharply this month. Business conditions: 53.2 vs. 40.8 in April Capex: 30.9 vs. 35.2 prior Employment: -2.8 vs. -5.1 prior New orders: -1.7 vs. 33.0 prior Prices paid: 47.9 vs. 59.3 prior Equal shares of firms (almost 23 percent) reported increases in activity (down from 33 percent last month) and decreases (up from 6 percent); 55 percent of the firms reported no change in activity (down from 62 percent). Over 30 percent of the firms reported decreases in new orders (up from 8 percent last month), 28 percent reported increases (down from 41 percent), and 42 percent reported no change (down from 49 percent). Most of the firms (73 percent) reported no change in employment levels this month, but the share reporting decreases (15 percent) exceeded the share reporting increases (12 percent). The average workweek index declined from 7.7 to 1.2. The survey’s broad indicators for future activity moved higher and continued to suggest expectations for growth over the next six months. More on the U.S. Economy Real Yields Near 20-Year Highs As Energy Shock Continues Bond Bloodbath Worsens On Inflation, Lax Fed, And Flood Of New Debt; Mortgage Rates Hit 6.75% U.S. Treasuries Losing The Control They Had Low unemployment streak revives debate over job market's new floor Treasury yields slide as Trump signals progress in Iran talks