News

Cloudflare (NET) announced a round of layoffs, following Coinbase's (COIN) similar announcement at the beginning of the week. Yahoo Finance Senior Business Reporter Ines Ferré, Yahoo Finance Senior Reporter Brooke DiPalma, and EMJ Capital founder and president Eric Jackson chat with Yahoo Finance's Brian Sozzi about the growing impact of artificial intelligence (AI) on the workforce.

Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the

Block's earnings were impressive, but the most important part could be its future AI potential.

The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.

Block Inc (NYSE:SQ) shares rose about 6.5% after it reported stronger-than-expected first-quarter 2026 earnings, highlighted by solid profit growth and improved margins, despite a slight revenue miss. Block (XYZ) reported adjusted earnings per share of $0.85, above analyst expectations of...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.74%. June E-mini S&P futures (ESM26 ) are up +0.77%, and June E-mini Nasdaq futures...

XYZ posts 52% EPS growth as Cash App lending and commerce fuel profit gains, prompting it to raise the 2026 outlook.

Adjusted EPS of $0.85 topped analyst expectations of $0.68, and the fintech raised its 2026 adjusted EPS forecast to $3.85

Block, Inc. has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

News of the day for May 8, 2026

CoreWeave drops after missing analysts’ earnings target, while Trade Desk plummets on weak revenue guidance.

Block Inc (NYSE:XYZ) posted first-quarter results that topped Wall Street profit expectations, sending the company’s shares up around 7% in premarket trading Friday after management raised its outlook for the full year. The financial technology company reported adjusted earnings per share of $0.

Shares rise after the fintech company’s results signal to investors that it is chugging along just fine despite mass layoffs.

After cutting 4,000 jobs, the company is eager to demonstrate the benefits of artificial intelligence both internally and for customers.

Block Inc's stock XYZ surged 7.9% after hours as Q1 earnings beat estimates despite a $309 million net loss.

The company's stock plunged roughly 18% after it announced the job cuts and forecasted revenue that fell short of expectations.

↘️ Airbnb (ABNB): The short-term rental company raised its full-year outlook, as strong global travel demand helped offset an influx in cancellations around the Iran war. The stock slipped about 1.7% afterhours.

Investing.com -- Block Inc (NYSE:XYZ) reported first-quarter results that exceeded profit expectations, sending shares up 8.4% in after-hours trading Thursday as the company raised its full-year outlook.

The headline numbers for Block (XYZ) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Block (XYZ) delivered earnings and revenue surprises of +25.68% and -0.81%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

The fintech company now expects adjusted earnings of $3.85 a share this year, a 62% uplift from 2025.

Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient ‌consumer spending and strong growth in its core businesses. The ‌Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared ​with its previous forecast of $12.20 billion. U.S. consumer spending remained broadly resilient ‌in the first three ⁠months of 2026, underpinned by a stable labor market and wage growth.

By Karen Roman NCR Voyix Corp. (NYSE: VYX) said first quarter revenue was $606 million compared to $612 million the year prior, with diluted EPS of $(0.04) compared to $(0.18). Adjusted EBITDA was $78 million compared to $74 million the previous year, while software and services revenue was $472 million compared to $475 million , […]

Jack Dorsey's financial services company Block, Inc. (NYSE: XYZ) is set to report the financial results for the first quarter of 2026 on May 7. As Dorsey is a strong Bitcoin (BTC) advocate, Block's products integrate the top cryptocurrency. Cash App, a wallet that allows Bitcoin ...

Block, Coinbase, PayPal, Crypto.com, and others are tying job cuts to AI as investors question real efficiency gains.

XYZ gears up for Q1 earnings with rising revenue and EPS expectations, even as consensus bitcoin revenue dips and analyst sentiment weakens.

Here's how two senior executives said AI will affect their businesses in the years ahead: AI changes “how we work,” says Brian Armstrong, CEO at Coinbase Global. The company on Tuesday announced it was cutting 14% of its workforce.

In late April 2026, Bank of America Securities began covering Block, highlighting AI-driven efficiency efforts alongside new products such as Square’s Managerbot and expanded partnerships with merchants and platforms like Uber Eats and Black Seed Bagels. These developments underline how Block is using artificial intelligence and integrated commerce tools to deepen its role in both consumer payments and complex multi-location business operations. Next, we’ll examine how AI-driven tools like...

Astera Labs, Inc. (ALAB) delivered earnings and revenue surprises of +13.66% and +5.42%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Payment technology company Marqeta (NASDAQ:MQ) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 19.2% year on year to $165.8 million. Its GAAP profit of $0.02 per share was $0.02 above analysts’ consensus estimates.