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The Latest Breaking News from Block

Square Earnings Top Estimates Amid Cash App Growth Controversy

Square reported first-quarter results that topped Wall Street targets as the company's gross profit came in above expectations.

Investors Business Daily

Short-seller Hindenburg accuses corporate raider Carl Icahn of a “ponzi-like” corporate setup

Hindenburg claims Icahn’s exchange-listed investment vehicle lures small amateur investors with an excessively generous dividend funded by issuing $1.7 billion in new shares since 2019.

Fortune

Jack Dorsey is the hero that crypto needs right now

Elon Musk is a favorite of many crypto fans, but Jack Dorsey is a much better choice.

Fortune

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Intel Discontinues Bitcoin-Mining Blockscale Chips, No Future Gens Announced

Intel released a bulletin that announces it is ending production of all of its known bitcoin-mining Blockscale ASICs.

Tom’s Hardware

Block partners with African crypto exchange Yellow Card

The maker of Cash App continues to double down on its investments in payment infrastructure outside the U.S.

Fortune

Bob Lee: Police say it’s ‘too early’ to tell if Cash App founder’s fatal stabbing was a random attack

San Francisco police chief William Scott says he is ‘100 per cent confident’ brutal murder of tech executive will be solved

The Independent UK

Bob Lee: A genius tech visionary killed in a ‘horrifying act of violence’

Bob Lee’s creations helped to change the world. In touching online eulogies, friends say his work as a software developer and digital payment pioneer was only part of his brilliance. Bevan Hurley reports.

The Independent UK

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Bob Lee: Shocking video appears to show onlookers ignore dying Cash App founder as he begs for help

Surveillance footage appears to show the fatally wounded tech entrepreneur seeking help in his final moments

The Independent UK

Controversy swamps The Block amid housing crisis

Controversy surrounds this season of Nine's The Block amid current housing crisis, angry neighbours, and a surprise critic.

The New Daily

Tesla Stock: Cathie Wood Sells $27 Million Of TSLA, Buys The Dip On Coinbase, Block

Cathie Wood, ARK Invest unloaded $27 million in Tesla stock Thursday to buy the dip on Coinbase as shares tumbled following a SEC warning.

Investors Business Daily

Rally in Tech Stocks Leads the Overall Market Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.29%. Stock indexes Thursday posted moderate gains, led by a...

Barchart

Jack Dorsey's Hindenburg moment

The notorious short-seller has turned its sights on one of Silicon Valley's most celebrated founders.

Fortune

Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

Fortune

Stocks Rebound as Bank Stocks Stabilize

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...

Barchart

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Investors Business Daily

Big Tech Powers Stock Market After Fed-Treasury Cross; Bitcoin Rocks While Coinbase Rolls

Coinbase trimmed losses after receiving a SEC "Wells Notice," warning of a pending enforcement action.

Investors Business Daily

Square Plunges On Short Seller Charges, Company To Explore Legal Action

Square plunged after Hindenburg Research disclosed a short position in SQ stock while claiming Cash App consumer services facilitate fraud.

Investors Business Daily

Block Stock Showing Improving Market Leadership; Earns 83 RS Rating

A Relative Strength Rating upgrade for Block shows improving technical performance.

Investors Business Daily

Why Square Can Reach 'Holy Grail' Of Fintech Companies

Square stands out from other fintech companies with its "one-stop-shop" payment network, said an analyst who upgraded SQ stock to buy.

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Fortune

Block is now using some of the thousands of Bitcoins it holds for a new business

Block is now using Bitcoins from its balance sheet to earn money by providing routing services on the Lightning network.

Investors Business Daily

Stock Market Bashed On Inflation; Live Nation Plummets After Taylor Swift Fiasco

Live Nation failed to post a Q4 earnings number, sending the stock into a tailspin

Investors Business Daily

Dow Jones Dives 500 Points On Hot Inflation Report; Tesla Stock Skids

The Dow Jones Industrial Average dived 475 points Friday on a hot inflation report. Tesla stock skidded 4% to fall below $200 a share.

Fortune

Who will be PayPal’s next CEO? Here are the 7 leading contenders according to fintech experts

PayPal's retiring CEO is sticking around till December, but there's already chatter about who might be qualified to step into the role.

Fortune

Block sees higher profits despite lagging Bitcoin sales

Despite the payment provider’s negligible Bitcoin profit, cofounder and CEO Jack Dorsey remains a Bitcoin evangelist.

Investors Business Daily

Dow Jones Futures Fall: Nasdaq Rallies On Nvidia, But PCE Inflation Report Looms

The Nasdaq rallied up to its 21-day, led by Nvidia. But the PCE inflation report is on tap. Boeing and MELI stock moved late.

Investors Business Daily

Square Rises On Rosy Cash App Profit Growth Outlook

Square-parent Block reported fourth-quarter earnings that missed estimates while revenue and gross profit edged by Wall Street targets.

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