Cash App

Block Inc (NYSE:XYZ) is trading lower Monday afternoon as traders digest a fresh bullish take on the company's post-earnings setup. Here’s what investors need to know. Block stock is showing weakness. Why are XYZ shares declining? What Is Driving Block’s Earnings Inflection? BofA...

Editor’s note: This story was updated to reflect additional perspectives on the AI threat from the panelists. Fraud is getting even more profitable with AI, according to the industry executives that spoke at the the Benzinga Fintech Day & Awards 2025. Just as automations dropped the...

Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), reiterated the Bitcoin (CRYPTO: BTC)-only strategy of its "Cash App" digital wallet service on Tuesday. What happened: Dorsey took to X, stating, "We are Bitcoin only. And improving rapidly,” in response to a post that...

Block, Inc. (NYSE:XYZ) released its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report.  The Details: Block reported quarterly earnings of 56 cents per share, which missed the 87 cent analyst consensus estimate. Quarterly revenue came in at $5.77...

Fintech Block Inc (NYSE:XYZ) is the latest company to announce a series of layoffs with 931 people, or around 8% of the company laid off in the latest round. Company co-founder and CEO Jack Dorsey sent a letter to employees on the latest news. Here's what Dorsey had to say. What Happened: Dorsey...

Block (NYSE:XYZ) analysts expect a 2025 that is second-half weighted for the company after fourth-quarter financial results and guidance. The Block Analysts Benchmark analyst Mark Palmer reiterated a Buy rating on Block with a price target of $99. Citizens analyst Andrew Boone maintained a Market...

Financial technology company Block Inc (NYSE:XYZ) could highlight its growth across several sectors along with its place in the cryptocurrency ecosystem when the company reports fourth-quarter financial results Thursday after market close. Earnings Estimates: Analysts expect Block to report fourth-...

IT consultant Nima Momeni was found guilty of second-degree murder on Tuesday for the 2023 killing of technology founder Tom Lee. What Happened: A San Francisco jury found Momeni guilty of second-degree murder for the fatal stabbing of the Cash App founder in April 2023, according to NBC News. The...

Mizuho analyst Dan Dolev maintained Block Inc (NYSE:SQ) with a Buy and raised the price target from $99 to $106. As per Dolev, reinvigorated management focus on the Cash App and Square ecosystems could drive a meaningful upside to the 2024 guide.  The analyst flagged four...

Block Inc (NYSE:SQ) shares were trading lower after Morgan Stanley analyst James Faucette downgraded the stock from Equal-Weight to Underweight and lowered its price target from $62 to $60. Benchmark analyst Mark Palmer reiterated a Buy rating on Block while raising his price target to $99 from $89...

Block (NYSE:SQ) stock surged by nearly 14% in premarket trading on Friday following the company’s Q4 2023 earnings report. The report showcased a significant increase in gross profit and robust growth in the Square and Cash App revenue. What Happened: The company, previously known as Square,...

Fintech Block Inc (NYSE:SQ) reported fourth-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Block reported fourth-quarter revenue of $5.77 billion, which was up 24% year-over-year. The revenue total beat a Street consensus estimate of $5.70 billion...

Fintech Block Inc (NYSE:SQ) is set to report fourth quarter financial results after market close Thursday. Here’s an overview of analyst predictions, their insights before the quarterly report, and crucial points for investors to watch. Earnings Estimates: Analysts expect Block to report...

Block Inc., co-founded by Twitter creator Jack Dorsey, has initiated a major layoff strategy, affecting over a thousand employees across various sectors of the company. What Happened: Block Inc. (NASDAQ:SQ) on Wednesday laid off a significant portion of its workforce. The layoffs predominantly...

As the regulatory environment in the U.S. grows dark and stormy, American crypto companies are looking east to Bermuda and its friendlier digital asset framework. It's hardly unusual for crypto firms to go offshore and take advantage of clearer digital asset laws. Now-bankrupt FTX headquartered...