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Bloomberg
Financial

JM Smucker Rises on Outlook; Intuit Down on Full-Year Forecast | Stock Movers

On this episode of Stock Movers: - Intuit (INTU) shares are down after the tax-preparation software company gave a full-year forecast for both adjusted earnings and revenue that was weaker than expected. - Abercrombie & Fitch (ANF) is climbing as it raised its outlook for the year after logging higher second-quarter profit and sales, driven by improving demand across multiple geographies. - JM Smucker (SJM) shares are rising as it raised its full-year outlook for sales and profit, buoyed by growth in its Uncrustables sandwiches and coffee.

Leia mais: JM Smucker Rises on Outlook; Intuit Down on Full-Year Forecast | Stock Movers
Bloomberg
Financial

Meta Agrees to $16.7 Billion Settlement in Social Media Case

Meta Platforms has reached a $16.7 billion settlement in a high-profile case concerning harm caused to teens through its social media platforms. The settlement amount is significantly lower than Meta's worst-case scenario estimate of $1.4 trillion, which represented the maximum potential penalties if all accusations had been upheld at their severest levels. Ed Ludlow reports on "Bloomberg Open Interest."

Leia mais: Meta Agrees to $16.7 Billion Settlement in Social Media Case