U.S. futures muted, Intuit's free TurboTax users slip - what's moving markets
Investing.com -- U.S. stock futures hover around the flatline heading into the final trading day of the week following a dip in the major averages on Thursday.) shares slip in extended hours trading as analysts fret over a loss of free users at its key TurboTax service. Ether edges lower amid some profit-taking after U.S. securities regulators approve rule changes supporting the creation of exchange-traded funds tied to the world's second-biggest cryptocurrency.U.S.
However, the number of people using TurboTax's free offering during the three months ended on April 30, which includes tax filing season in the U.S., dipped by about 1 million versus the year-ago period. Analysts flagged concerns that TurboTax may be struggling to attract higher-end customers while also facing increased competition for lower-end users.The U.S.
On Friday, Ether, the world's no. 2 digital token, had slipped by 2.8% to $3,684.11 by 03:26 ET amid some profit-taking.Nvidia has been pushed into selling artificial intelligence chips in China at heavy discounts due to stiff competition from local players, specifically Huawei, Reuters reported on Friday.
Huawei's Ascend 910B chip was also seeing substantially more orders than the H20 from state-backed enterprises, Reuters said, citing limited government data. This came after a mandate from Beijing for state enterprises to use China-made silicon.Crude prices were lower on Friday, heading for hefty weekly losses as indications of sticky inflation and high interest rates spurred on concerns over economic activity in the U.S., the world's top oil consumer.
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