H&R Block and Intuit shares dropped on Tuesday after the Washington Post reported that President-elect Donald Trump’s Department of Government Efficiency, which is run by billionaires Elon Musk and Vivek Ramaswamy, is looking at developing a free app for people to file their taxes. The publication cited two people, who spoke on the condition of anonymity, in reporting that the leaders of the incoming administration’s DOGE discussed the idea of

By Dawn Chmielewski (Reuters) – Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution. The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by Comcast’s shareholders. “We think there could be

TSA administrator talks holiday travel TSA administrator on anticipated record holiday travel 05:04 Low-cost carrier Frontier Airlines announced it is adding 16 new routes beginning in 2025. The move expands the airline’s service across the United States and Caribbean as one of its budget competitors, Spirit Airlines, contracts service after filing for bankruptcy.  The new routes will launch in February and March across 21 different airports, Frontier said Tuesday.  The move

(Reuters) – U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report claiming such a possibility. Nokia shares closed down around 7% after Earl Lum of EJL Wireless Research said in a LinkedIn post there is a chance that Nokia could be dropped by T-Mobile in favor

Check out the companies making headlines in extended trading: Keysight Technologies — Shares added more than 8%. The electronics test and measurement equipment company’s fiscal fourth-quarter results beat analysts’ estimates on the top and bottom lines. Keysight also issued a rosy outlook for the current quarter, anticipating adjusted earnings ranging from $1.65 to $1.71 per share, while analysts polled by FactSet called for $1.57 in earnings per share. Dolby Laboratories

(Bloomberg) — Medical Properties Trust Inc., one of the largest hospital landlords in the US, has moved to take control of three Southern California health care entities after accusing the owner — Prospect Medical Holdings — of defaulting on debt. Most Read from Bloomberg MPT has demanded that the board members of three units resign so they can be replaced by MPT-designated independent managers, according to a Nov. 18 letter

President-elect Donald Trump says he’ll nominate Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald, to be commerce secretary, a position in which he’d have a key role in carrying out Trump’s plans to raise and enforce tariffs. Trump announced his pick Tuesday in a social media post. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who was the Small Business

Over the past year, space technology provider Rocket Lab (RKLB) has skyrocketed beyond expectations, with shares soaring 357% to a market capitalization past $9.8 billion. As the sector sees continued enthusiasm and success for private launch capabilities, a thorough examination of what’s next for would-be investors is critical. I have long been bullish on Rocket Lab, but with the financials now making sense, unlike in previous years, I suspect the

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal members happen to agree that we have to do something about this situation,” committee chair