The Latest Breaking News from Block, Inc.

Payments company Block (SQ) posted solid growth in revenue, gross profit, and adjusted EPS in the first quarter of 2023, beating analysts’ expectations. Despite better-than-expected revenue and earnings, investors have been bearish about the stock amid Cash App’s fraud allegations. Let’s find out if it is wise to invest in…

A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition of majority ownership in a music streaming service partly owned by rapper Jay-Z

With the ongoing crypto winter and the threat of regulation claiming new victims in the ecosystem while driving most to the edge of an abyss, it may be wise to give Block (SQ), Coinbase (COIN), Riot (RIOT), and Marathon (MARA) a wide berth until the existential issues get resolved. Continue…

The Fed’s aggressive monetary policy to fight the high inflation has disrupted the once well-performing Cathie Wood’s ARK Innovation ETF (ARKK). Moreover, as the Fed has indicated more hikes ahead, we think fundamentally weak Cathie Wood stocks Block (SQ) and Roku (ROKU) might be best avoided now. Read on….

The crypto market has witnessed a steep decline this year with investors’ declining appetite for high-risk/high-return assets amid the rising interest rates. As cryptocurrencies are expected to remain under pressure, it could be wise to steer clear of crypto-focused stocks Block (SQ), Coinbase Global (COIN), and Riot Blockchain (RIOT). Read…

Despite the latest inflation data showing a marginal slowdown, inflation is still hovering around an uncomfortably high level, and an end to Fed’s hawkish stance is nowhere in sight. With businesses being increasingly hurt by slowing down demand and rising borrowing costs, it could be wise to get rid of…

The pandemic brought massive growth opportunities for the fintech industry as investments in the sector boomed. However, the deteriorating macroeconomic conditions have dampened investors’ faith in the industry’s prospects. Amid this backdrop, it could be wise to steer clear of fundamentally weak fintech stocks Block (SQ), Marathon Digital Holdings (MARA),…

Payment processors Block Inc. (NYSE: SQ) and PayPal Holdings Inc. (NASDAQ: PYPL) and cryptocurrency exchange Coinbase Global Inc.

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

After a record-breaking bull run last year, the crypto market has witnessed a massive sell-off on concerns over macroeconomic and geopolitical headwinds. Many experts expect the crypto market to witness further pressure, so it could be wise to avoid fundamentally weak crypto-exposed stocks Block (SQ), Coinbase Global (COIN), and Riot…

With inflation far from the Fed’s control and the job market's resilience, analysts believe the central bank will continue its aggressive interest rate hikes. With mounting recession fears and ongoing market volatility, we believe it could be wise to avoid fundamentally-weak stocks Block Inc. (SQ), Marathon Digital (MARA), and Riot…