Intuit News & Analysis
2 articles
Market Mood
S&P 500 Futures Decline 0.4% Amid Nvidia Earnings Review
S&P 500 futures fell 0.4% as traders assessed Nvidia's earnings report, which exceeded Wall Street's expectations. Nasdaq 100 futures declined 0.6%, while Dow Jones futures dropped by 144 points, or 0.3%. Nvidia raised its quarterly cash dividend to 25 cents and reported strong earnings, yet shares dropped about 1% in after-hours trading. Meanwhile, Intuit's shares tumbled 13% due to worse-than-expected revenue, and E.l.f. Beauty gained 4% after exceeding earnings forecasts. Market attention will focus on upcoming earnings from Walmart (WMT) and Workday (WDAY).
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US Court Rejects FTC Order Against Intuit Over TurboTax Advertising Practices
A US court has thrown out a Federal Trade Commission (FTC) order that directed Intuit to cease certain advertising practices related to TurboTax. The FTC had claimed that the advertisements were misleading to consumers. The decision may have implications for advertising regulations and practices in the tax preparation industry. The rejection underscores the ongoing legal battles over marketing strategies presented by major corporations.
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