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Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows Source link

OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday, as the company gears up for what could be one of the largest public markets debuts in history, CNBC confirmed on Wednesday.The artificial intelligence company, which is valued at more than $850 billion by private investors, is working with banks including Goldman Sachs and Morgan Stanley to prepare to file in the coming days or weeks, according to a source familiar with the matter who asked not to be named because the details are confidential.”As part of normal governance, we regularly evaluate a range…

A U.S. passport featuring an image and signature of U.S. President Donald Trump is seen in this rendering released by the State Department, in Washington, April 28, 2026.U.S. State Department | Via ReutersPresident Donald Trump’s face should not be printed on a special edition U.S. passport, a group led by Democratic senators said in a letter to Secretary of State Marco Rubio on Wednesday.The group, led by Sen. Jeff Merkley, D-Ore., in the letter shared first with CNBC, called on Rubio to halt plans to issue a limited number of passports featuring Trump to commemorate the nation’s 250th anniversary.”The U.S.…

There are stocks and then there is Nvidia.The chip giant is almost an asset class in itself, and that makes Wednesday night’s earnings a market event. But as investors gear up for the big print, something curious is happening in the options pits.When it comes to options markets, convention is almost always the same: investors pay up for downside protection, pushing implied volatility on out-of-the-money puts above that of equivalent calls. It’s the fingerprint of a market that hedges first and speculates second. Nvidia is currently flipping that script. Ahead of earnings, NVDA’s short-dated calls are trading at a premium…

Nvidia hit $5 trillion in October. How long until $6 trillion?Nvidia’s stock is up roughly 20% so far this year, underperforming many of its semiconductor peers but still enough of a gain to support the biggest market cap in the world. Nvidia became the first $5 trillion company in October, and inched closer to reaching the $6 trillion record last week, though after a bit of a pullback the number now sits at $5.5 trillion.The company’s record-breaking run comes as chip companies not named Nvidia hit historic highs. Intel had its best month ever in April, as agentic AI spins…

Investing.com – Spain stocks were higher after the close on Wednesday, as gains in the Consumer Services, Financial Services & Real Estate and Building & Construction sectors led shares higher. At the close in Madrid, the added 2.04%. The best performers of the session on the IBEX 35 were ArcelorMittal SA (BME:MTS), which rose 5.93% or 3.04 points to trade at 54.32 at the close. Meanwhile, Acerinox () added 4.88% or 0.70 points to end at 15.05 and Grifols SA () was up 4.83% or 0.44 points to 9.58 in late trade. The worst performers of the session were Repsol…

Seemingly, Weems hoped the threat of arrest would pressure Bushart into removing the post, but Bushart refused to be censored. Video from the arrest shows that Bushart told the arresting officer he never made such a threat, and some cops at the jail seemed similarly confused about the basis of his arrest. In one exchange caught on footage reviewed by The Intercept, Bushart even shared a laugh with an officer over how silly his arrest seemed to be: “Just to clarify, this is what they charged you with—Threatening Mass Violence at a School,” a Perry County jail officer told Bushart.…

The former co leader of the Green Party in England and Wales, MP Adrian Ramsay, said on social media that “progressive parties need to recognise that the big threat to the country is a Reform-led govt. And in my view avoiding that will involve some give and take from everyone. Burnham must clearly set out his position on a fair voting system.” Source link

It’s been a while since Nvidia earnings shocked the world, or even just traders.Options pricing has overestimated the size of Nvidia’s post-report swing six of the past seven quarters, and 14 of the past 20, according to Cboe LiveVol data. Implied volatility going into earnings averages 6.7%, compared to the average actual response of 4.6%.Perhaps traders are getting wise this time around: implied volatility in the world’s biggest company touched the highest since March on Friday and has come down while the stock slipped this week, reducing current expectations down to a 5.9% move.Zoom In IconArrows pointing outwardsIt’s arguably a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Airbus’s defence arm has said he remains open to a two-fighter jet solution for Europe’s faltering next-generation air defence project, noting that it was conceived before the war in Ukraine when military budgets were tighter. Mike Schoellhorn, head of Airbus Defence and Space, said that while the “basic idea” of a “networked system” linking the fighter jets and the sensors and drone elements of the project was still very relevant in today’s defence environment, Ukraine had changed the calculus on…