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OpenAI’s finance chief answered Wall Street’s biggest AI worry on live TV this week.

The Wallet That Wants to Become a Bank On September 8, 2026, Block, Inc. filed an application with the Office of the Comptroller of the Currency for a national trust bank charter under the name Builders Bank & Trust, N.A. The filing positions Block to custody Bitcoin and stablecoins under federal preemption, bypassing the state-by-state […]

Block filed with the OCC to form Builders Bank & Trust, N.A., a national trust charter aimed at cutting sponsor-bank fees and unifying compliance for Cash App and Square.

Payment and cryptocurrency firm Block (NYSE: $XYZ) has filed for a U.S. bank charter that would make it a federally...

Investing.com -- Block Inc (NYSE:XYZ) has filed an application with the Office of the Comptroller of the Currency to charter Builders Bank & Trust, N.A., a specialized national trust bank focused on providing digital asset custody and fiduciary services. If approved, the uninsured, non-deposit-taking entity would establish a unified federal supervisory framework for the fintech giant’s growing bitcoin and stablecoin operations. The move reflects Block’s strategic push to streamline its digital a

The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.

Worries have coalesced around the potential for AI to displace workers. So far, that's not what the data shows.

Billionaire Dan Loeb’s hedge fund invests in Bitcoin miners turning to AI.

INTU set for Q4 growth as revenues and EPS rise on strong QuickBooks, Credit Karma and AI momentum.

Record profitability and AI integration drive guidance raise across Square and Cash App.

The fintech company posted 25% gross profit growth and a record adjusted operating income margin of 27% in the second quarter

Block Inc (XYZ) delivered a stellar Q2 with gross profit up 25% and adjusted EPS up 65%, prompting a raise in full-year guidance.

Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.

Third Point Management, a New York-based investment advisor, released its second-quarter 2026 investor letter. A copy is available to download here. Third Point’s flagship Offshore Fund returned 7.7% in Q2 2026, outperforming the hedge fund index but trailing broader equity benchmarks. Second Quarter returns benefited from strong performance in semiconductors, memory, semiconductor equipment, power infrastructure, […]

A federal judge blocked Minnesota's prediction market ban, ruling it preempted by federal law, hours after Kalshi lost a separate motion in NY.

(Bloomberg) -- Visa Inc. is eliminating about 2,600 jobs as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline:

Visa plans to cut 7% of its workforce, or ‌about 2,600 jobs, Bloomberg News reported ‌on Tuesday, citing a staff memo, as the payments ​processor seeks to become more efficient in a challenging industry. AI has ⁠helped cut repetitive tasks and speed up product development, but it ⁠was not the sole factor behind the decision, Bloomberg reported, citing a person ​familiar with ​the company's reasoning. Earlier this year, peer Mastercard announced plans ‌to lay off 4% ​of its global workforce, ​citing the ​need to refocus investments in different ‌areas.

Investors can debate if S&P 500 CEOs deserve their sky-high pay packages. But not all CEOs get such princely sums.

Block, Inc. (NYSE: XYZ), the Bitcoin (BTC)-centric financial technology company founded by Jack Dorsey, launched a new platform called Buzz on July 21. Built on the Nostr protocol, Buzz is a free, decentralized, and open-source platform where employees and artificial intelligence ...

Block is set to report Q2 earnings next month, and analysts expect its EPS to dip by double digits.

Investing.com -- Stripe could gain consumer reach, merchant-processing scale and a stronger stablecoin position by acquiring PayPal Holdings Inc. (NASDAQ:PYPL), though analysts at Cantor Fitzgerald, Bernstein and Mizuho questioned whether the reported $60.50-per-share offer would secure a deal.

Block (XYZ) could see stronger earnings growth as Cash App Borrow drives higher monetization, engage

Since the AI hiring correction took hold, tens of thousands of employees have watched their jobs disappear, despite the companies that cut them posting some of the strongest earnings in their history. Oracle (ORCL) eliminated 21,000 positions over the past year, even as its full-year adjusted ...

AI disruption is a hot earnings call topic.

Michael Burry is betting PayPal's deeply discounted valuation and strong cash generation will eventually outweigh investor skepticism.

Find insight on Cash App, Oracle, Navan and more in the latest Market Talks covering Technology, Media and Telecom.

Bitcoin, XRP, and other cryptocurrencies were falling again early Friday as digital assets got caught up in the tech selloff, compounding a bad week. Bitcoin the world’s largest crypto, fell as low as $61,300 before climbing back to $62,500–down 1% over the past 24 hours, according to CoinDesk data. The digital asset has slumped 14% this week and is now more than 50% down from its record high of $126,272 reached in October last year.

More diversified companies are expected to adopt Bitcoin as part of treasury diversification and fiat currency hedging strategies, Grayscale’s Head of Research says.

We appear to be looking at an excellent entry point for long-term investors.

The company set aside $240 million in the first quarter as it negotiates with the Justice Department over allegations in a 2023 short seller’s report.