Intuit Inc - INTU STOCK NEWS

Intuit QuickBooks and Mailchimp are hosting a live virtual event featuring successful entrepreneurs from the fashion and restaurant sectors, Christian Siriano and Kathy Fang, on May 9, 2023. The discussion, titled "How Reinvention Leads to Small Business Success," aims to provide insights on unconventional strategies that drove their success. Moderated by Emmy award-winning journalist Lisa Ling, the event is part of Intuit's initiative to support small business owners, especially given that 20% of small businesses fail within the first year. Attendees can register for free at this link. QuickBooks + Mailchimp emphasize their commitment to helping small businesses succeed, highlighting that 69% of businesses that used QuickBooks continue operating beyond their fifth year.

Intuit (Nasdaq: INTU) is advancing its climate-positive commitment by fostering renewable energy initiatives aimed at underserved communities in the US. The company aims to cut 2 million metric tons of CO2e by 2030, with partnerships like GRID Alternatives and Clearloop. Recent projects include solar energy programs in California and Tennessee, projected to reclaim over 199 million pounds of CO2. Intuit has launched the Coalfield Solar Fund, focusing on solar power and educational opportunities in Virginia and West Virginia, with applications open until April 17, 2023. These initiatives not only work towards environmental goals but also create jobs and promote economic growth in local communities.

Intuit Mailchimp has launched the Email Content Generator (beta), utilizing GPT AI technology to aid marketers and small businesses in creating tailored email campaigns. This tool is designed to streamline the email marketing process by offering copy ideas based on industry, marketing intent, and brand voice. The launch enhances Mailchimp's existing suite of over 20 AI-driven features, aiming to transform email marketing for small and mid-size businesses. The tool is expected to aid users in automating content generation, thereby improving campaign effectiveness and efficiency. The Email Content Generator is available to select customers in the US with Standard and Premium plans since April 10, 2023.

On March 20, 2023, Projectworks joined Intuit's QuickBooks Solution Provider Program, expanding its services into the US market. Projectworks, a cloud-based Professional Services Automation platform originating from New Zealand, targets the Professional Services sector, which includes software development and engineering firms. The collaboration aims to facilitate migration from on-premise solutions to cloud services, enhancing resource management and financial tracking for small to midsize businesses. The anticipated total addressable market for these services in the US exceeds six million businesses, creating significant growth opportunities for both parties.

Intuit Inc. (NASDAQ: INTU) has launched the Coalfield Solar Fund, a partnership with The NEED Project and Secure Solar Futures. This initiative will provide competitive grants of $50,000 to $150,000 to K-12 public schools and community colleges in Virginia and West Virginia to support solar energy systems and workforce development. The program aims to create educational opportunities in the solar industry and promote job training, helping to reduce carbon emissions. Interested institutions must submit a notice of interest by April 17, 2023, for the first phase of funding.

Intuit has launched the Intuit QuickBooks Small Business Index, providing vital insights on small business hiring in the UK. In February 2023, job vacancies fell by 2.5% or 3,800 to 150,200, continuing a decline that began in March 2022. Despite this drop, vacancies remain 29% higher than pre-pandemic levels. The index, developed with economist Professor Ufuk Akcigit, aims to offer timely data to support small businesses in making informed decisions. Key sectors impacted include finance and accommodation. The index will publish new data monthly, enhancing visibility of small business trends.

Credit Karma (NASDAQ: INTU) has launched a new product called Net Worth, aimed at enhancing financial management for its members. With over 120 million members in the U.S., this feature will help users understand, grow, and protect their wealth. Initially available to consumers with a credit score of 720 or above, Net Worth integrates the expertise of Intuit’s Mint to provide users a holistic view of their finances. It offers real-time snapshots of total net worth by linking various financial accounts, thus simplifying financial tracking. This initiative represents Credit Karma's commitment to supporting Americans in their financial journeys, allowing them to make informed decisions.