Intuit Drops After Tax Season Sales Fall Short of Estimates
Intuit Inc. declined in extended trading after reporting tax season revenue that fell just short of estimates on fewer-than-anticipated filings.
Bloomberg Business
Australia Laments Bureaucratic ‘Permafrost’ That’s Slowing Aukus Security Alliance
A top Australian defense official said bloated US bureaucracy has delayed technology-sharing that was supposed to be a key benefit of the Aukus security deal, adding to concerns that the young partnership isn’t living up to its early promise.
Amazon Must Let Staff Use Workspaces for Organizing, NLRB Says
Amazon.com Inc. violated federal labor laws when it prevented off-duty employees from using workspaces for union organizing, US labor prosecutors alleged in sweeping new complaints, escalating their standoff with the country’s second-biggest private employer.
Byron Allen Says He’s Interested in Tegna, Sees No Financing Issues
Byron Allen, TV producer and media mogul, signaled he’s interested in potentially acquiring Tegna Inc. after the company’s proposed buyout by hedge fund Standard General LP fell apart.
Canada Watchdog Rejects Call for Inquiry on China Meddling
Canada should hold hearings on foreign meddling in elections but shouldn’t launch a formal public inquiry into allegations that Chinese diplomats interfered in the past two federal campaigns, a watchdog appointed by Prime Minister Justin Trudeau concluded.
Fed Tracks Market Sentiment With New Index Built from 4.4 Million Tweets
Federal Reserve researchers have developed a new measure of credit and financial market sentiment from Twitter Inc. data that they say can help forecast changes in the stance of monetary policy.
T-Bills Show Wariness About Default Even as Debt Ceiling Talks Progress
Securities due in early June still have a non-payment premium after “productive” Biden-McCarthy meeting
23 Defects, Eight Different Names: What a Dark Fleet Tanker Looks Like
A giant oil tanker that was detained in China failed its safety inspection on more than 20 counts, spotlighting the dangers posed by a rapidly expanding fleet of aging vessels sailing the world’s oceans.
Bank of Korea Seen Holding Rates as Growth Sours
The Bank of Korea is set to hold its policy rate for a third straight meeting Thursday, as officials cautiously navigate persistent inflation and a slowing economic growth picture.
Stocks Fall on Debt-Deal Impasse as Deadline Looms: Markets Wrap
US stocks fell and short-dated Treasury bills extended losses as negotiations over raising the US debt ceiling remained at an impasse.
