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.
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Accenture’s stock price has taken a beating over the past six months, shedding 29.8% of its value and falling to $168.41 per share. This may have investors wondering how to approach the situation.
The cuts of roughly 8,000 jobs, or 10% of staff, are meant to offset the cost of the company’s AI investments.
Currently, option traders are betting that Nvidia’s (NASDAQ: NVDA) market cap could rise or fall by $355 billion based on earnings. Nvidia’s current market cap is $5.3 trillion. The stock is up 18% so far this year, compared to the S&P 500, which is up 7%. Nvidia has signaled to Wall St. what investors should ... Nvidia Earnings Don’t Matter This Time
On Wednesday, Roivant Sciences Ltd. (NASDAQ:ROIV) posted fourth-quarter adjusted earnings per share of $0.
TJX (TJX) delivered earnings and revenue surprises of +18.14% and +2.32%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
By Aditya Kalra NEW DELHI, May 20 (Reuters) - Indian fashion-to-beauty retailer Nykaa has asked a New Delhi court to make Meta a party to a copyright dispute filed by media firm Zee, court documents
SpaceX is targeting a valuation of up to $2 trillion when it goes public.
Flight 12 debuts orbital refueling, ship-to-ship docking and upgraded Raptor engines
TJX earnings growth accelerated again, beating views, though guidance was mixed. TJX stock rose from a key level and eyeing another.
The big-box retailer reports adjusted earnings of $1.71 a share, as revenue jumps 6.7% from a year ago.
Tesla said on X on Wednesday that its Full Self-Driving (Supervised) driver assistance software was being rolled out in Lithuania, the second country in Europe to do so after Dutch approval last month. • Dutch regulator RDW is seeking EU-wide acceptance, but other member states can recognise the Dutch approval and allow the system to be deployed. • The Lithuanian Transport Safety Administration confirmed Lithuania has recognised the Dutch certification.
The big takeaway on Taiwan Semi, Google is updating search for AI era, Toll Brothers earnings show luxury homes are selling, and more news to start your day.
Perion Network (PERI) delivered earnings and revenue surprises of +83.33% and -4.30%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Lam Research has opened a research lab in Salzburg, Austria, to advance a chip packaging technology that promises to increase chip density and cut costs, as the company looks to capitalize on surging AI demand for processors. The U.S. chipmaking tools supplier said on Wednesday that the Salzburg facility will focus on panel-level packaging, which replaces the semiconductor industry's traditional circular silicon wafers with square panels. Square panels can eliminate the dead space, allowing chipmakers to produce more chips per surface at a lower cost per unit — a crucial advantage as AI drives chip shortages.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Devon Energy as “they have tremendous natural gas, and that's what we're great at.” Lending support to his choice, Wells Fargo analyst Hanwen Chang, on Monday, maintained Devon Energy with...
T.J. Maxx parent TJX Cos. reported higher first-quarter sales and raised its full-year guidance as the off-price retailer continues to draw customers in a cautious consumer environment.

Nvidia (NVDA) reports first quarter earnings results on Wednesday after the closing bell. Gabelli Funds portfolio manager John Belton joins Yahoo Finance to share his expectations for the print, as well as two reasons one might be bearish on the stock.
Pre-Market Stock Futures: Futures are trading higher on the heels of the third straight day of stock declines, and there is growing apprehension that yields will go even higher and that inflation may as well. All of the major indices finished Tuesday lower, and with Q1 earnings all but over and the incoming economic data ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: BJ’s Wholesale Club, Centene, Cigna, Crown Castle, ETSY, Franco-Nevada, Humana, Ovintiv, X-Energy, and More
Golar LNG (GLNG) delivered earnings and revenue surprises of +60.66% and +9.77%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Bristol Myers Squibb said on Wednesday it is partnering with Anthropic to make its Claude AI model available to over 30,000 employees in an effort to accelerate the discovery, development and delivery of new medicines. • Bristol said it will also leverage Claude Code, Anthropic's coding tool, and evaluate its use in research, drug development, manufacturing and other commercial and medical affairs. • Agentic AI, which requires little human intervention, could increase clinical development productivity by about 35% to 45% over the next five years, consultancy McKinsey said last year.
By Elizabeth Howcroft and Jesús Aguado PARIS, May 20 (Reuters) - Twenty-five more banks, including lenders ABN Amro and Sabadell, have joined a European consortium planning to launch a euro-pegged
The chip maker reports better-than-expected earnings and revenue for its fiscal second quarter, and agrees to acquire Empower Semiconductor.
May 20 (Reuters) - TJX raised its annual comparable sales and profit forecast on Wednesday, betting on resilient demand at its off-price retail stores as budget-conscious consumers increasingly shop
May 20 (Reuters) - French defence group Thales and Alphabet's Google Cloud have signed a deal to launch a new European cloud service in Germany that will be operationally and legally independent from
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