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Intuit Stock Plunges After TurboTax Revenue Cut and Major Layoffs
Intuit shares tumbled 13.4% in late trading after the company cut its TurboTax revenue forecast and announced 3,000 layoffs, overshadowing a profit beat.
HMRC Data Glitch May Reduce UK Workers' Paychecks
HMRC's use of faulty savings-interest data has led to incorrect tax code changes, potentially reducing take-home pay for UK savers. Zopa reports hundreds of customers affected.
EasyJet Shares Dip on Fuel Cost Concerns Amid Summer Outlook
EasyJet shares slipped 0.6% in London after the airline posted a £552 million first-half loss and flagged an uncertain full-year outlook due to rising fuel costs and weaker summer bookings.
SpaceX IPO Could Deliver $91.6B Windfall for Early Backer Gracias, Raising Governance Concerns
Antonio Gracias holds 7.3% of SpaceX Class A stock, potentially worth $91.6B. Filing reveals $20B+ in AI lease obligations tied to Valor-linked entities, adding governance issues.
UK mortgage rates diverge as NatWest hikes, Barclays and Santander cut
NatWest increases selected mortgage rates by up to 24 basis points, while Barclays and Santander reduce some high-LTV products. The Bank of England base rate remains at 3.75%.
Morgan Stanley Enforces China-Only Devices for Hong Kong Staff Amid Data Concerns
Morgan Stanley mandates Hong Kong-based bankers to use separate, restricted devices for mainland China trips, affecting over 300 staff. The move reflects growing data security concerns.
BofA Boosts Snowflake Price Target to $205 Ahead of Q1 Earnings
Bank of America Securities raised Snowflake's price target from $195 to $205, signaling about 20% upside before its May 27 earnings report, citing growing AI business intelligence momentum.
London Stocks Dip as BT Stalls, Sage Shines, and Oil Jitters Return
The FTSE 100 fell 0.34% on Thursday as BT's flat core earnings, easyJet's loss warning, and oil above $106 weighed on the index, though Sage's raised outlook provided a bright spot.
Fed Officials Signal Possible Rate Hikes Amid Sticky Inflation
Fed minutes show most officials may hike rates if inflation stays above 2%, shifting market expectations from cuts to possible increases.
