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Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app
Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's
AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama
AdvertisementTwinMind, founded by former Google X employees, builds an AI assistant to better understand you. A startup formed from a handful of former Googlers — specifically Google X, the skunkworks lab that explores sci-fi moonshot ideas — is coming out of stealth. Related storiesWolverine originsAt Google X, George was the first machine learning scientist on Wolverine, a hearing wearable project first reported on by Business Insider in 2021. AdvertisementWhen ChatGPT launched in late 2022, George was working at JPMorgan with TwinMind cofounder and CTO Sunny Tang, a Google X alum. AdvertisementHe said they figured it out and claims the TwinMind app can run for 12 hours in the background non-stop before running out the battery.
Persons: , Jarvis, Marvel's Tony Stark, it's, Daniel George, Dan Roth, Rocketship, Anand Rajaraman, Michael Liou, galore, George, you've, TwinMind, ChatGPT, Sunny Tang, Siri, they're Organizations: Google, Oracle, Business, JPMorgan, Android Locations: Robinhood
Bluesky’s user base has doubled in the past 90 days — on Tuesday the company said it had gained 1 million new sign-ups in the past week alone, bringing it to more than 15 million total users. “X usage is at an all-time high and continues to surge,” X CEO Linda Yaccarino said in a post Wednesday. Bluesky also saw daily visits jump on Election Day and the day after to 1.2 million and 1.3 million, respectively, up from around 800,000 in the days before. On Bluesky, daily users more than doubled from-mid October to the post-election week. In the run-up to the election, Musk spread false and misleading claims about Trump’s competitor, Vice President Kamala Harris.
Persons: Bluesky rocketed, Elon, Musk, Donald Trump, Charlie Warzel, New York Times ’ Mara Gay, Don Lemon, X, White supremacists, Linda Yaccarino, , Similarweb, Bluesky, ” David Carr, we’ve, Ed Zitron, EZPR, Zitron, Mike Isaac, , Trump, MAGA, Kamala Harris, Vivek Ramaswamy, Vladimir Zelensky, Musk’s Starlink, That’s, – CNN’s Liam Reilly, Matt Egan Organizations: New, New York CNN, Apple, New York Times, CNN, Guardian, ” New York Times, Trump, Twitter, “ Department, Government Locations: New York, anecdotally, Bluesky, , Russia
Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region. Meta originally debuted an ad-free subscription service for the EU in October 2023 due to an EU regulation intended to clamp down on anti-competitive practices by tech companies. The subscription service also came into effect after regional regulators fined the company over $400 million for violating EU data privacy laws. "The changes we're announcing today meet EU regulator demands and go beyond what's required by EU law," Meta President Nick Clegg said Tuesday on Threads. "This is why I expect that even when presented with several equal choices, most people will still choose our personalized ads service," Pavón said in a LinkedIn post said.
Persons: Meta, Nick Clegg, Pedro Pavón, Pavón Organizations: Facebook, European Union, EU Locations: Toulouse, France, U.S
That's how many iPhones the company has released each year since 2020, and in September, it released the iPhone 16, the iPhone 16 Plus, the iPhone 16 Pro and the iPhone 16 Pro Max. Apple introduced the four-phone lineup because historically the company's iPhone sales have seen the strongest growth when it expanded the lineup. The company doesn't give sales figures for its individual products, and overall iPhone sales for fiscal 2024 came in at $201.18 billion. Every year since 2020, one of the new iPhone models has lagged its siblings in sales. At $899 in the U.S., it's more expensive than the baseline iPhone 16 but cheaper than the iPhone 16 Pro and Pro Max, which have better screens.
Persons: Steve Jobs, Jobs, Max, Apple, Pro Max, it's, They're, DSCC, Ross Young Organizations: Apple, Jobs, Pro, Consumer Intelligence Research Partners Locations: U.S
You can delete your X account by deactivating it on the X website or mobile app. Related Video 5 ways Elon Musk shook up Twitter as CEOHow to delete your X account on iPhone or AndroidOpen the X app on your iPhone or Android. Jaures Yip/Business InsiderHow to delete your X account on desktopGo to the X website and log in to your account. Jaures Yip/Business InsiderHow to delete the X appIf you're not ready to delete your X account but want to take a break from the social network, you can delete the app from your device without deleting your entire account. How to reuse your username or email on XWhen you delete your X account, your username is deleted along with it.
Persons: , Elon Musk, Jaures Yip, You'll Organizations: Service
Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.
Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, , Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, , Shanghai, China
Several analysts maintained their buy ratings ahead of the results and expect AI-driven gains to appear in its search and YouTube segments. Still, the consensus revenue estimate implies Alphabet could post its slowest year-over-year growth since the third quarter of 2023 . Analysts polled by LSEG expect Alphabet to earn $1.85 per share on $86.3 billion in revenue, implying year-over-year earnings and revenue growth of 19.1% and 12.5%, respectively. Like Sheridan, Black expects Alphabet's AI enhancements to support search and YouTube growth, as AI drives efficiency for advertisers. "While advertisers may express some concerns around consumer sentiment, GOOG Search remains a 'utility-like' component of advertiser budgets," he said.
Persons: Brent Thill, Thill, Goldman Sachs, Eric Sheridan, Sheridan, Benjamin Black, Black Organizations: Google, LSEG, FactSet, Citi Research, Jefferies, CNBC, Deutsche Bank Locations: Monday's
Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. The Mac Mini is Apple's least-expensive Mac, starting at $599, and does not include a display, which is sold separately. The Mac Mini is not one of Apple's highest-volume computers in terms of sales, but it is an important slot in Apple's lineup, especially for people who make apps for iPhones and other Apple platforms. Many iPhone developers like to run a Mac Mini as a personal development server for coordinating uploads and code. One improvement in the new design is that all of the ports are USB-C ports, the same more modern offering found on Apple's laptops.
Organizations: Apple, Microsoft Windows
On Monday, Grok uncritically repeated debunked allegations of wrongdoing related to the voting machine company Dominion Voting Systems. It created a “story for you” repeating unfounded allegations by X users that she used cocaine in the White House, and it created a “story for you” repeating allegations by X users that she attended parties hosted by Sean “Diddy” Combs, who’s facing federal sex-abuse charges. In recent weeks, dozens of X users have posted about “explore beta,” and the vast majority of the posts have been negative. Some X users who browse the app’s trending topics see only ranked lists of popular subjects, with no AI-generated text. It’s also not clear if X plans to expand the Grok summaries from a beta test to a standard feature.
Persons: Elon, Kamala Harris, Donald Trump, Musk, Grok, Grok uncritically, Grok’s, , Harris, Sean “ Diddy ” Combs, Combs, Misa Hylton, it’s, Joe Biden, Biden, It’s, X Organizations: NBC News, Voting Systems, Dominion, Fox News, Local, Democratic, Grok, SpaceX, Bloomberg, Trump, Trump voters, NBC, Dominion Voting Systems, Twitter, Associated Press, Reuters, soccer team Locations: Maricopa County , Arizona, Tarrant County , Texas, Pennsylvania
I do everything on my phone: reading books, catching up on TV shows, doing the daily crossword. I was intrigued by foldable smartphonesAgarwal's most recent iPhone compared to his new Honor Magic V3 folded. Unfolded, the Magic V3 is 4.4mm thin, half the width of the latest iPhone 16.iPhone 13 Pro side on with the Honor Magic V3 folded. Shubham AgarwalAs with any other smartphone, the Honor Magic V3 has a tall 6.43-inch screen that dominates the front. The Honor Magic V3 is the first of many folding phones that challenge the smartphone status quo and could win.
Persons: Shubham Agarwal, Agarwal, , It's, it's, I've Organizations: Service, Apple, Vodafone, Samsung Locations: China, Europe
Watch and get the facts about the US population and how America lives. I am Steve Ballmer, I spent 34 years growing Microsoft, 10 years owning the LA Clippers basketball team. For men, that's actually a six percentage point increase since 1960, but the share of young women living at home is up 20 percentage points. Let's look at six different groups of people based upon Census Bureau data. First, let's look at people who identify as white, but not Hispanic.
Persons: Steve Ballmer, USAFacts, That's, that's, I've Organizations: Insider Studios, Watch, LA Clippers, Census Bureau, US Census Bureau, Seattle, Medicare Locations: America, United States, Russia, China, Brazil, Canada, Texas, New York, North Dakota
Ingram Micro began trading Thursday at the NYSE under the symbol INGM, surging as much as 17% from its $22 initial public offering price . Still no signs of IPO life, despite record highs for stocks Unfortunately, Ingram is not going to change the IPO dynamic. Pre-covid, a normal year would see roughly $50 billion raised. Recent large IPOs (amount raised, and gain from IPO price) KinderCare $576 m. +20.7% StandardAero $1.4 b. In 2021, private capital was able to raise record funding for tech companies, which became benchmarks for private valuations.
Persons: Imgram, Ingram, Matt Kennedy, BlackRock, Kennedy Organizations: Ingram Micro, NYSE, Tianjin Tianhai Investment Company, HNA, Equity, KinderCare, Renaissance Capital, HPS Investment Partners Locations: Tianjin, IPOs, China
London CNN —ChatGPT can be duped into providing detailed advice on how to commit crimes ranging from money laundering to the export of weapons to sanctioned countries, a tech startup found, raising questions over the chatbot’s safeguards against its use to aid illegal activity. Norwegian firm Strise ran experiments asking ChatGPT for tips on committing specific crimes. And in another experiment, run earlier this month, ChatGPT produced lists of methods to help businesses evade sanctions, such as those against Russia, including bans on certain cross-border payments and the sale of arms. Strise sells software that helps banks and other companies combat money laundering, identify sanctioned individuals and tackle other risks. “It’s like having a corrupt financial adviser on your desktop,” Rødevand said on the company’s podcast last month, describing the money laundering experiment.
Persons: London CNN —, Strise, ChatGPT, Handelsbanken, Marit Rødevand, Strise’s, , OpenAI, , Rødevand, “ We’re, Europol, Olesya Dmitracova Organizations: London CNN, Strise, CNN, Russia Locations: Russia, Nordic, Norway
I was ecstatic to see what the fuss was about with the Flexispot E7 Pro Standing Desk. Flexispot E7 Pro Standing Desk Flexispot's most premium and heavy-duty offering, the E7 Pro has a powerful motor, greater adjustability, and a semi-C Leg structure for added stability and comes with a 15-year warranty. AdvertisementWeight capacityThe Flexispot E7 Pro Standing Desk has a weight capacity of 440 lbs. The Uplift V2 also has a slightly quieter motor than the Flexispot E7 Pro Standing Desk. Alex Temblador/Business InsiderI didn't think I'd be as impressed as I was with the Flexispot E7 Pro Standing Desk.
Persons: I've, I'd, Alex Temblador, Jamie Davis Smith, Flexispot, we've Organizations: Business, E7
To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.
Persons: Jakub Porzycki, , I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia
Retail brokerage firm Robinhood is launching a new tool for more sophisticated traders as it looks for additional avenues for growth. The firm introduced Robinhood Legend, a desktop-based platform for active traders. So we set out to reimagine what a modern, intuitively designed active trading platform should look like, and built Robinhood Legend from the ground up so traders can do what they need in one place," Quirk said. Beyond the launch of Legend, Robinhood also said it will soon add futures trading and index options to its mobile platform. The new additions for Robinhood are another example of the firm looking to expand beyond its roots as a convenient platform for small-dollar traders.
Persons: Steve Quirk, " Quirk, Robinhood Organizations: Inc
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood's Chief Brokerage Officer talks its new desktop trading toolsSteve Quirk, Robinhood chief brokerage officer, joins 'Closing Bell Overtime' to talk Robinhood's new desktop trading tools and options.
Persons: Steve Quirk
However, Best Buy’s flash sale is also happening on October 8 and 9. I spent weeks combing through thousands of discounts to find the best deals during Best Buy’s 48-hour flash sale. SKIP AHEAD Highly rated Best Buy flash sale deals | More deals from Best Buy’s flash sale | How I picked the best deals from Best Buy’s flash sale | Why trust NBC Select? More deals from Best Buy’s flash saleHere are the best sales from Best Buy’s flash sale to know about. To round up the best discounts on tech during Best Buy’s flash sale and Prime Big Deal Days, I found highly rated products at their lowest price in at least three months.
Persons: I’ll, Max, Bianca Alvarez, I’ve, earbuds I’ve, It’s, TikTok Organizations: NBC, Big Deal, Garmin Fenix, Samsung, Asus, Bluetooth, Amazon, Samsung TV, JBL, Apple, Amazon Alexa, Amazon Beats, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter
Blood pressure readings may not be accurate unless a person’s arm is positioned correctly, a new study suggests. “There was a chance that arm position was not important,” she said. The blood pressure cuff should be positioned at mid-heart level. To learn whether arm position made a difference in blood pressure readings, Brady and her colleagues recruited 133 adults, 78% of them Black and 52% female. “There is a pretty significant difference in blood pressure readings depending on arm position,” said Kamath, a cardiologist at UCLA Health.
Persons: Tammy Brady, ” Brady, Brady, , Karyn Singer, I’ve, Singer, Megan Kamath, Kamath, Matthew Tomey, Tomey Organizations: Johns Hopkins Children's Center, American Heart Association, New York University, UCLA Health Locations: U.S, Mount, New York City
Discord is launching Video Quests, its second ad format, as it looks to grow its ads business. Discord aims to balance ad revenue with its subscription service ahead of a potential IPO. Related storiesActivision Blizzard's World of Warcraft, Epic Games' Fortnite, and HoYoverse's Genshin Impact have run Quests on Discord this year. "Discord is a place where you play games with your friends, so game-related ads feel really good," Sellis told Business Insider in an interview. Peter Sellis, Discord's SVP of product, thinks ads could one day be on par with subscriptions for the company.
Persons: , Peter Sellis, Sellis, Jason Citron, we'd, KARL VERKADE, Adam Bauer, Ming Gianotti, Monks, Gianotti Organizations: Service, Activision, Netflix, Bloomberg, Meta, Google Locations: Discord's, FaZe
The Windows 11 2024 Update, also known as version 24H2, is meant to boost basic PC functions, such as downloading files over Wi-Fi, compressing documents and managing energy use. So the product enhancements keep coming, before support for the popular Windows 10 ends in October 2025. Microsoft said Thursday that it's starting the process of releasing a broad update to its Windows 11 operating system for PCs. Here are some of the other new capabilities coming to PCs that can run Windows 11 in version 24H2:More energy consumption controls. To do this, open the Settings app, select Time & language.
Persons: Satya Nadella, you'll Organizations: Microsoft, Activision, Bluetooth
These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.
Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, , Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron
CNN —By losing to the Detroit Tigers 4-1, the 2024 White Sox entered the record books as one of the most inept teams in sports history. hold the overall record for losses when the then National League team finished with an abysmal 20-134 record. The signs of a historically bad year started at the beginning of this season when the White Sox opened with just three wins in the first 25 games. The team would later lose 14 straight games and then suffer a 21-game skid, tying the American League record with the 1998 Baltimore Orioles. Ahead of the undesired deed, infielder Nicky Lopez, who grew up a White Sox fan as a kid, told MLB.com, “It obviously sucks.
Persons: Zach DeLoach, Cy Young, Nicky Lopez, I’m, CNN’s Jacob Lev Organizations: CNN, Detroit Tigers, White Sox, 121st, Major League Baseball, The Tigers, Chicago, Tigers, Los Angeles Angels, New, Mets, New York, Cleveland Spiders, National League, Spiders, American League, Baltimore Orioles, ” Chicago, San Diego Padres, MLB, Sox Locations: New York City, Cleveland, , Chicago
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