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H&R Block reported that for the fiscal year ended last June 30, its revenue, net income and earnings per share increased.Total revenue of $3.8 billion increased $150.6 million, or 4.2%, primarily due to an increase in overall net average charge and higher company-owned return volumes in the U.S., partially offset by lower interest and fee income on the Emerald Advance line-of-credit product.Full-year revenue for the tax prep giant was $3.5 billion (0.3% growth). In addition: Block’s net income from continuing operations increased $11.5 million, or 1.9%, to $609.5 million.Earnings per share from continuing operations of $4.42 increased 28 cents (6.8%).Adjusted earnings per share from…

About three or four times a year, a client will offer a tip to Bill Nemeth for his work on their tax return. “I tell them there’s no need to tip me, but if they insist I’ll accept it,” said Nemeth, past president and education chair of the Georgia Society of Enrolled Agents. “But I always include it in income, since my profession is not one that ‘customarily and regularly receives tips.'”  Under the new One Big Beautiful Bill Act, qualified tips are any cash tip received by an individual in an occupation that ‘customarily and regularly’ received tips on or before…

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesIn March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats. Even the most profitable airlines cut the rosy financial forecasts they had issued at the start of the year.But Spirit, an airline with bright yellow planes that has become synonymous with budget travel in the U.S., now appears on even shakier ground.…

Leon Cooperman on CNBC’s “Halftime Report.”Scott Mlyn | CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are known to invest for the long haul, sometimes for generations. But after President Donald Trump’s tariff announcements in April, the family offices of billionaire investors were quick to make significant changes to their portfolios, according to second-quarter securities filings analyzed by CNBC.Some moves were clearly connected to tariff and recession fears. In the three months ending June 30,…

Chipotle is teaming up with drone delivery leader Zipline to test autonomous food delivery.Beginning Thursday, select customers in the greater Dallas area will have the option to use the so-called Zipotle delivery through an early access program in the Zipline app. Zipline’s autonomous aircraft will deliver orders to customers’ homes from a Rowlett, Texas Chipotle location. A small number of Zipline users will be able to order the full Chipotle menu to start, with a broader service launch in the weeks to come for more users. Any potential expansions in the future would be based on learnings from the test.Employees will…

Disney is launching its new ESPN flagship streaming app Thursday, just in time for the football season, bringing customers the full ESPN suite in one place.The entertainment company has been working on the launch of the direct-to-consumer app — which is also named ESPN — for some time. It’s designed to expand access for existing cable subscribers and give sports fans outside the traditional pay TV bundle access to all of ESPN’s content.It’s the first time the company is offering all of its linear TV content to customers via streaming.Tune in at 10 a.m. ET: CNBC’s David Faber interviews Disney…