Author: Editor

Intuit reported strong third-quarter growth, with total revenue of $7.8 billion, an increase of 15%. Within this revenue growth, Intuit’s Credit Karma grew the most, raking in $579 million during the third quarter, a 31% increase, driven by credit cards, personal loans and car insurance. With this growth in mind, Intuit is optimistic about its future prospects and has raised its full year guidance for FY2025 as a result. The company now expects to end the year with $18.760 billion, which would represent a roughly 15% annual growth, higher than the previously expected 12-13% growth. GAAP operating income is expected now…

Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.”Since its founding in a Los Angeles parking lot in 2017, the fast-growing chicken chain has expanded to more than 300 locations by franchising its restaurants. Dave’s U.S. sales soared 57% last year and surpassed $600 million, according to data from market research firm Technomic.Roark’s investment follows a boom for chicken-focused restaurants, fueled by the so-called…

Significant changes are in store for President Donald Trump’s signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote. Senate Republican leaders are aiming to make permanent many of the temporary tax cuts in the House bill, a move that would increase the bill’s more than $2.5 trillion deficit impact. But doing so risks alienating fiscal hawks already at war with party moderates over the bill’s safety-net cuts. It amounts to a game of chess further complicated by the top Senate rules-keeper, who will decide whether some key…

After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from CBRE Group. The commercial real estate services firm has been tracking this since 2018, but estimates it may be the first time such a dynamic has played out this century, and likely longer.CBRE found that across the largest 58 U.S. markets, 23.3 million square feet…

Thomson Reuters announced its entry into the agentic AI arena with CoCounsel for tax, audit, and accounting professionals, touted as but the first step in a wider rework of its product line centered around the integrating of semi-autonomous agents. CoCounsel for tax, audit and accounting professionals is described as a vertical-specific AI agent designed for modern tax and accounting professionals. It automates work such as client review, memo drafting and compliance checks, and provides explainable outputs if people wonder how the bot came to the conclusions it did. By drawing on multiple sources of information it can also connect firm knowledge,…