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SQ News30 articles
PayPal Gains Amid Strategic Overhaul and Venmo Growth
PayPal (PYPL) shares edged higher in a shortened trading week, buoyed by cost-cutting measures and Venmo's strong payment volume growth, though concerns over branded checkout persist.
Lam Research and Kulicke & Soffa Rally on AI-Driven Semiconductor Demand
Lam Research (LRCX) and Kulicke & Soffa (KLIC) shares surge on strong AI chip demand and earnings optimism, while Block (SQ) shows undervaluation potential amid high P/E ratios.
SoFi Stock Drops 45% in 2026 as Loan Platform Concerns Mount
SoFi Technologies reported record Q1 results but shares remain under pressure, down 45% in 2026, as loan platform volume drops and guidance stays flat.
Stripe Private Valuation Hits $175.6B, IPO Still on Hold
Forge values Stripe at $175.62 billion, up from $159 billion in February. The fintech remains private with no IPO timeline, as public market peers lag.
Block Raises 2026 Gross Profit Outlook to $12.33B on Cash App Strength
Block Inc raised its 2026 gross profit target to $12.33 billion after strong Q1 growth from Cash App and Square. Shares rose 7.7% after hours despite a $308.7 million net loss and $240 million DOJ-related accrual.
SoFi Shares Slide Amid Muddy Waters Allegations, Mizuho Holds $38 Target
SoFi Technologies shares declined in premarket trading following a short-seller report from Muddy Waters alleging undisclosed debt. The company has refuted the claims and Mizuho Securities reiterated its $38 price target.
SoFi Shares Slide on Short-Seller Allegations, CEO Buys Dip
SoFi Technologies shares fell following a critical short report from Muddy Waters Research, which accused the fintech of misstating debt and profit. CEO Anthony Noto responded with a significant share purchase.
SoFi Shares Drop Amid Broader Fintech Selloff as Oil Rally Dents Rate Cut Hopes
SoFi Technologies shares declined approximately 3% on Thursday, underperforming a broader tech retreat. The drop coincided with oil approaching $100 per barrel, which renewed fears of persistent inflation and delayed interest rate cuts.
Toast Projects Accelerated Restaurant Growth for 2026 Amid AI Rollout
Toast anticipates adding more net new restaurant locations in 2026 than in 2025, with executives highlighting growth from enterprise clients and the new Toast IQ AI platform. Shares gained 0.9% premarket.
Block Shares Retreat After AI-Driven Rally, Analysts Split on Outlook
Block shares declined 3.3% to $61.57 in premarket activity Monday, cooling from Friday's 16.8% surge driven by workforce reductions and an improved profit outlook. Analysts remain divided on the long-term implications.
Block Shares Retreat After AI-Driven Rally, Analysts Split on Restructuring
Block shares declined 3.3% to $61.57 in premarket activity Monday, cooling from Friday's 16.8% surge driven by restructuring plans. Analysts remain divided on the long-term implications of the company's AI-focused job cuts.
Block Shares Retreat After AI-Driven Restructuring Rally
Block shares declined 3.3% to $61.57 in premarket activity Monday, cooling from Friday's 16.8% rally driven by workforce reductions and an improved profit forecast. Morgan Stanley upgraded the stock to Overweight with a $93 target.
Markets Brace for Volatility as Middle East Tensions Escalate
Geopolitical tensions and oil supply fears weigh on markets as stocks closed February with significant monthly losses. All eyes are on the Strait of Hormuz and upcoming U.S. economic data.
ASX 200 Hits Record High Ahead of Critical GDP, Trade Data
The Australian share market reached a new closing peak of 9,198.6 points on Friday, buoyed by resource stocks. Attention now turns to a heavy week of economic releases that could influence interest rate expectations.
Block Soars on AI-Driven Restructuring, Eyes 2026 Profit Targets
Block shares jumped sharply following a major workforce reduction tied to AI integration and updated financial guidance projecting significantly higher profitability by 2026.
Zip Co Launches $50M Buyback Amid Investor Jitters Over Flat Outlook
Zip Co plans a $50 million share buyback after its stock plunged 37% in two days. The move comes despite management forecasting flat second-half earnings and increased credit losses.
Zip Co Plunges on Subdued Profit Outlook, Tests Investor Patience
Zip Co Ltd shares crashed 34.4% following its half-year report, as a forecast for flat profit growth in the second half rattled investors. The stock hit its lowest level since May 2025.
SoFi Shares Jump 4.7% as Mastercard Program Goes Live on Blockchain
SoFi shares gained 4.7% after its full Mastercard card program transitioned to blockchain-based settlement using SoFiUSD, processing over $25B annually. Revenue impact remains undisclosed.
Meta Surges 11% as Amazon Blocks Muse Shopping Agent
Meta shares jumped 11.34% to $741.25 on heavy volume, even after Amazon blocked its Muse shopping agent, highlighting investor optimism ahead of Meta Connect.
Block's Builders Bank: A Crypto Custody Play, Not a Deposit Taker
Block's application for Builders Bank is for a narrow national trust bank handling crypto custody and stablecoin transfers, not deposits or loans. Shares were largely flat, reflecting the limited near-term earnings impact.
Block Stock Jumps 5.7% as Cash App Growth Offsets Rising Credit Costs
Block shares climbed 5.7% after Cash App's gross profit surged 31%, offsetting worries about a spike in credit losses. The stock trades at $82.30.
Korean Block Trading Commences Following Asian Equities Rebound
Korea's pre-market block trading is active after Asia's broad rebound. KOSPI recovered from a 4% drop, but foreign selling and Nvidia's earnings keep chip risk elevated.
H&R Block Shares Jump 15% on Strong Guidance and Buybacks
H&R Block shares soared 15% in premarket trading after the tax-prep company delivered strong Q4 results and issued upbeat FY2027 guidance, helped by aggressive share repurchases.
Block Raises 2026 Guidance as Q2 Earnings Beat, Profit Margins Expand
Block raised its 2026 adjusted operating income guidance to $3.47 billion after Q2 earnings of $1.02 per share beat expectations. Cash App profit surged 31%, but shares slipped 1.35% in after-hours trading.
Paramount Skydance Faces $210M Monthly Deadline After Court Block
PSKY dropped to $8.21 after a court blocked its WBD acquisition, with costs accumulating at $7 million per day past September 30, potentially reaching $1.7 billion.
WBD Shares Tumble 3.4% as Court Blocks Paramount Merger Until August 3
WBD shares dropped 3.4% to $25.95 after a judge blocked the Paramount merger until August 3, widening the deal spread to 19.5%.
Vodafone Shares Surge Past Niel's Block Trade Price, Volume Soars
Vodafone stock ended Friday 6.6% above Xavier Niel's block trade price, with five-day volume doubling. Analysts see potential for accelerated cost reductions and free-cash-flow gains.
Ondas Shares Dip as DZYNE Block Adds Supply Pressure
Ondas Inc. shares slipped 1.2% premarket as a 40 million-share DZYNE resale block raises supply concerns, despite management's bullish revenue forecast.
United Airlines Tests Premium Economy Row with Blocked Middle Seats on A321XLRs
United Airlines will block middle seats on 50 incoming A321XLR jets, creating a four-seat premium row. The airline needs 1.5x revenue per seat to match standard rows, as fuel costs surged 84% in Q2.
Ondas Shares Surge as DZYNE Sellers Clear 40 Million-Share Block
Ondas shares spiked on volume that allows DZYNE's former owners to sell a 40 million-share block, possibly clearing a key overhang. The transaction involves up to 85 million shares and a deferred payout.