XYZ
NYSE · Financial Services
Block Inc
$74.85
+4.71 (+6.72%)
XYZ News16 articles
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.
Algoma Central, GSK, AT&T Lead Market Moves as Bitcoin Pool Mines Second Block
Algoma Central surpassed its 50-day moving average after a dividend hike, while GSK shares surged to a multi-decade peak. AT&T's valuation suggests significant upside, and a novel bitcoin mining pool confirmed its hybrid model.
U.S. Naval Blockade Sparks Oil Price Surge, Global Market Jitters
The U.S. imposition of a naval blockade on Iranian port traffic has triggered a sharp spike in global oil prices and a sell-off in U.S. stock futures, with Brent crude surging past $100 a barrel.
Gas Price Relief Stalls as Strait of Hormuz Blockade Persists
A recent U.S.-Iran ceasefire has failed to quickly reopen the vital Strait of Hormuz, keeping oil supply constrained and gasoline prices elevated. Brent crude rebounded 3% on Thursday, signaling a persistent risk premium in the market.
Oil Prices Surge Amid Hormuz Blockage, OPEC+ Move Fails to Ease Supply Crunch
Oil prices climbed Monday with WTI closing at $112.41 and Brent at $109.77 as the Strait of Hormuz remains largely blocked. OPEC+'s modest production increase fails to offset significant supply disruptions.
Oil Crisis Intensifies as Brent Hits 2008 Peak, Hormuz Blockade Sparks Global Fuel Fears
Global oil markets face severe strain as Dated Brent crude reaches $141.37 per barrel, a level not seen since 2008, amid an ongoing blockade of the critical Strait of Hormuz shipping lane. U.S. gasoline prices are projected to surge toward $5 per gallon while European officials consider fuel rationing measures.
Eight States Sue to Block Nexstar's $6.2 Billion Tegna Acquisition
A coalition of eight states has filed an antitrust lawsuit seeking to halt Nexstar Media Group's proposed $6.2 billion acquisition of Tegna, arguing the deal would harm competition and raise costs for consumers.
Mastercard's $1.8B BVNK Acquisition Accelerates Corporate Blockchain Adoption
Mastercard has agreed to purchase BVNK for as much as $1.8 billion, marking a major push into stablecoin and blockchain payment infrastructure. The deal coincides with corporate pilots by Citi and Aon using tokenization for trade finance and insurance payments.
Rio Tinto Bauxite Diverted Amid Hormuz Blockage, Aluminium Prices Surge
A Rio Tinto bauxite cargo from Australia has been diverted to China following a blockage in the Strait of Hormuz, contributing to a spike in aluminium prices as Gulf smelters face supply shortages.
Chevron Shares Retreat Despite Soaring Oil Prices, Hormuz Blockade Sparks Supply Fears
Chevron shares declined alongside the broader energy sector, even as crude prices held near multi-month highs due to a critical shipping chokepoint remaining closed. Major banks have increased their oil price projections.
Oil Prices Hover Near $81 as Hormuz Blockade Enters Fifth Day
Oil prices pared early gains Wednesday, with Brent crude trading near $81 a barrel as a prolonged blockade of the Strait of Hormuz continues to disrupt global supplies. Iraq has cut output by 1.5 million barrels per day.
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.
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 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 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.
Ether Dips as Enterprise Blockchain Shifts to Supply Chain and ESG Applications
Ether declined 1% early Tuesday while Bitcoin held steady. Industry focus is pivoting from trading to practical uses like emissions tracking and digital loyalty tokens.