News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Ark Invest sold 120,665 shares of BMNR, making it the firm's largest trade of the day.
The reported workforce reduction will primarily affect Visa's technology and product operations.
Uber just cut a chunk of its customer service workforce in the name of AI efficiency, and it is far from alone. The real question is whether these scattered layoffs signal the early edge of a wave that could reshape employment across entire industries.
(Bloomberg) -- Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to
On a podcast last week, the short seller said SoFi Technologies remains one of the most compelling short ideas amid its accounting practices that operate in a legal gray area.
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index falli
Block stock enters this valuation review with a clear tension, as the Excess Returns intrinsic value estimate suggests about 21.2% upside while market multiples lean the other way, and a 5 year share price decline still hangs over recent gains. Over the past 5 years, Block has fallen 67.9%, which means long term holders are still deep in the red despite the more recent recovery. Recent upgrades that highlight AI driven efficiencies and product execution can support higher earnings...
The company on Tuesday announced the launch of commission-free stock trading for U.S. customers.
XYZ's Square adds ChatGPT app and Claude plugin to help sellers get discovered in AI search and accept orders, expanding its commerce strategy.
Following the footsteps of major cryptocurrency companies like Block (NYSE: XYZ), Ethereum Foundation, Coinbase Global (Nasdaq: COIN), and MARA Holdings (Nasdaq: MARA), another firm has decided to fire staff. Launched in 2011, BitGo Holdings (NYSE: BTGO) is a crypto ...
XYZ's SFS launches a 3.5% APY savings option for eligible sellers, aiming to boost deposits and deepen merchant engagement.
The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.
Block, Inc. has lagged behind the S&P 500 Index over the past year, yet analysts remain highly optimistic about the stock’s growth potential.
It has become a pattern. A public company lays off employees and says it has found new efficiencies due to AI. Its stock trades higher immediately. This happened yesterday. The job loss count was modest. Groupon (NASDAQ: GRPN) cut 400 people, but the cut was high relative to its overall employee count. It employs a ... Another Company Trades AI Layoffs For Stock Price
Meta, Oracle, Amazon, and Coinbase have all made major layoffs as tech-sector job cuts surge past 111,000 for the year, per Layoffs.fyi.
Big corporations are using AI investment as an excuse to cut jobs. But according to Nvidia's VP of applied deep learning, the economics behind these mass layoffs don't add up.
Jason Calacanis used Block (NYSE:XYZ) as a case study on a recent This Week in Startups episode to argue that AI-driven productivity gains have become a prisoner’s dilemma for every public company CEO. Block cut over 4,000 people in February 2026, taking headcount from over 10,000 to under 6,000. Three months later, the company posted ... Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’
AI is rarely the sole reason companies cite when taking layoffs, with most still pointing to wider corporate restructuring or macroeconomic headwinds. On Wednesday, Cisco Systems announced plans to cut under 4,000 jobs, or about 5% of its workforce. The announcement arrived the same day the tech giant unveiled record revenue for its third fiscal quarter, amid soaring demand for its AI tools and infrastructure.
Despite recent downsizing, tech companies are still hiring—they're just looking for a very different kind of engineer.
Shares of the networking giant, already near record highs, jumped by double digits as Chuck Robbins laid out plans to make Cisco ‘one of those winners.’
Shares of PayPal Holdings (NASDAQ:PYPL) picked up another cautious analyst signal on Tuesday, as Truist lowered its price target to $44 from $45 while maintaining a Sell rating. The price target cut is modest in size, but the continued Sell call carries weight in a market where consensus sits at Hold. For prudent investors, the ... Truist Cuts PayPal Price Target as Cross-Border Volume Weakness Bites
XYZ launches Square for Drive-Thru, helping QSRs boost order accuracy, speed service and simplify operations.
Block has staged a turnaround from its lows, driven by layoffs, to create more space for AI.
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.
The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.