Tag Archives: weak

Key Takeaways Intuit issued current-quarter and full-year projections that missed analysts’ estimates. The tax and accounting software maker saw weakness in its MailChimp marketing platform, and a decline in average revenue from TurboTax use. Intuit’s fourth-quarter profit and revenue exceeded forecasts. Intuit (INTU) shares tumbled 7% in premarket trading Friday, a day after the maker of tax and accounting software …

With the labor market weak, employees are “job hugging”  Axios ‘Job hugging’ has replaced job-hopping, consultants say, as workers cling to current roles  CNBC Kiss job hopping goodbye. Why more people are job hugging.  USA Today Workers are ‘job hugging’ in a stagnant labor market, but growing resentment means they could bail as soon as the next Great Resignation comes  Fortune ‘Job hugging’ has …

The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by , Target’s chief operating officer, the company said on Wednesday. Cornell helped re-energize the company when he became …

Asia stocks hit by tech sell-off, Nikkei falls after weak trade data  Investing.com Asian shares retreat, tracking tech losses on Wall Street  Yahoo Finance Tech selloff casts gloom over markets  Reuters EM Assets Set for Worst Drop in Three Weeks as Tech Rout Weighs  Bloomberg.com Tech selloff casts gloom over markets By Reuters  Investing.com Source link

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, BTC is down 3% in the past 24 hours, changing …

“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI hubs.  For American AI researchers, that’s almost unimaginable. In the U.S., surging AI demand is colliding with a fragile power grid, the kind of extreme bottleneck that Goldman Sachs warns could severely choke the industry’s growth. …

Cava Cuts Outlook on Weak Second Quarter as Consumers Face ‘Fog and Uncertainty’  The Wall Street Journal Earnings live: SoundHound AI stock soars, The Trade Desk tanks as Q2 earnings season starts winding down  Yahoo Finance Cava stock plummets after company lowers forecast on disappointing same-store sales growth  CNBC Cava Cuts Sales Outlook on Cautious Diners, High Growth Bar  Bloomberg.com Cava’s shares crater after …

Washington — President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner earlier this month, blaming her for a weaker-than-expected jobs report.  Antoni is a fellow at the conservative Heritage Foundation think tank, and he holds a doctorate in economics from Northern Illinois University. He’s defended Mr. …

Still Fuming Over a Weak Jobs Report, Trump Finds Some Numbers He Likes  The New York Times Trump’s Oval Office ‘session’ on the economy? Charts about Biden.  The Washington Post Trump defends the US economy with charts after job reports showed warning signs  AP News ‘You’re Asking Me to Contemplate the Nuclear Scenario’  Politico Trump Just Did What Not Even Nixon Dared  The Atlantic Source …

Nasdaq turns red, stocks extend losses after weak bond auction (SP500:S&P Complete Indices)  Seeking Alpha Stock Market Today: Dow falls 300 points, S&P 500 and Nasdaq under pressure as investors digest a weak 30-year bond auction and monitor tariff landscape  MarketWatch Stocks Turn Negative After An Early Rally  Barchart.com Stocks Halt Rally as Treasuries Waver Before Sale: Markets Wrap  Bloomberg.com Stock Market Today: Dow …