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The Latest Breaking News from Block

Cathie Wood Bets $19 Million More On Jack Dorsey's Block Amid Bitcoin's All-Time High Push, Dumps Shopify Stock

On Monday, Cathie Wood-led Ark Invest made significant trades involving Block Inc. (NYSE:XYZ) and Shopify Inc. (NASDAQ:SHOP).

Benzinga

Block Impresses Analysts As Cash App Momentum Builds

Could Block Inc. (NYSE:XYZ) be the unlikely hero of this earnings season? While many expected tech giants to dominate headlines, Block’s surprising financial performance has analysts buzzing. The stock was falling in early trading on Friday, after the company reported upbeat second-quarter earnings on Thursday.

Benzinga

Block's Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars

Block Inc.‘s (NYSE:XYZ) investment in Bitcoin (CRYPTO: BTC) has surged in value, with the company’s holdings now worth nearly a billion dollars.

Benzinga

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Block CEO Jack Dorsey Credits AI For 'Super-Bullish' Outlook, Faster Product Launches—Raises Full-Year Profit Guidance To $10.17 Billion

Fintech firm Block Inc. (NYSE:XYZ) announced a significant boost to its full-year guidance despite a worse-than-expected second quarter, with CEO Jack Dorsey attributing the company's accelerated growth and product velocity to its adoption of artificial intelligence (AI).

Benzinga

The Trade Desk, SoundHound AI, Eli Lilly, Block And CrowdStrike: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market saw a mixed performance today, with the Nasdaq gaining over 70 points, reflecting a 0.35% increase to 21,242.70. Meanwhile, the SP 500 fell by 0.08% to 6,340, and the Dow Jones Industrial Average experienced a decline of 0.5% to settle at 43,968.64.

Benzinga

Block Stock Climbs After Q2 Earnings Report: Here's Why

Block, Inc. (NYSE:XYZ) released its second-quarter results after Thursday's closing bell. Here's a look at the details from the report.

Benzinga

Block Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Block, Inc. (NYSE:XYZ) will release earnings results for the second quarter, after the closing bell on Thursday, Aug. 7.

Benzinga

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Cathie Wood's Ark Dumps Block Stock Worth $4.8 Million As Bitcoin-Heavy Company Preps Q2 Results

Cathie Wood-led Ark Invest executed a significant trade in Block Inc. (NYSE:XYZ) on Tuesday. The move comes just days before the company’s much-anticipated second-quarter earnings, due on Thursday, and following its high-profile addition to the SP 500. The move comes amid renewed excitement around Block’s innovative product launches and its growing presence…

Benzinga

This Block Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Benzinga

A Sneaky Insider Has Spilled Explosive Details About Scott Cam & Adrian Portelli’s Feud

"He gave them the biggest TV moment of the season and barely got a thank you.”

Pedestrian.tv

Cathie Wood's Wednesday Moves: Ark Dumps Bitcoin-Heavy Block Again, Doubles Down On AMD's AI Chip Rally (CORRECTED)

Editor’s Note: The headline has been corrected from the original version to ensure accuracy and clarity

Benzinga

Cathie Wood's $15M Crypto Bet: Sells Bitcoin King Block, Doubles Down On Ethereum Giant Bitmine Immersion

On Tuesday, Cathie Wood-led Ark Invest executed significant trades, focusing on Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Block Inc. (NYSE:XYZ). These trades reflect Ark’s strategic positioning in the market amidst evolving financial landscapes.

Benzinga

Cathie Wood Pounces On Tesla Dip: Ark Snaps Up $43.7 Million In EV Stock While Ditching Crypto Shares Amid Bitcoin Frenzy

On Thursday, Cathie Wood-led Ark Invest made significant trades, prominently featuring the purchase of Tesla Inc. (NASDAQ:TSLA) shares across multiple ETFs. This move comes amidst a backdrop of strategic sell-offs in other notable cryptocurrency-linked stocks like Coinbase Global Inc. (NASDAQ:COIN), Block Inc. (NYSE:XYZ), and Robinhood Markets Inc. (NASDAQ:HOOD), along with ARK 21Shares Bitcoin ETF (BATS:ARKB).

Benzinga

Adrian Portelli Announces New Show After Being Barred From The Block & It’s Messy As Hell

Billionaire bidder Adrian Portelli has announced a new home renovation show amidst rumours of a beef with The Block's Scott Cam.

Pedestrian.tv

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Benzinga

Bitcoin Purist Jack Dorsey Was Once Accused of 'Ethereum Hate,' He Made It Clear That 'Focus On One Thing' Isn't The Same As Disdain For The Others

Jack Dorsey, co-founder of Bitcoin (CRYPTO: BTC)-focused firm Block, Inc. (NYSE:XYZ), has openly criticized Ethereum (CRYPTO: ETH), although he has refused to label it as “hate” for the second-largest cryptocurrency.

MarketBeat

Block Levels Up: What S&P 500 Inclusion Means for Investors

Block's inclusion in the S&P 500 provides a major catalyst while its future growth hinges on monetizing Cash App and expanding its Square ecosystem.

Benzinga

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Ark Invest, led by Cathie Wood, made significant trades on Monday. Notably, the firm increased its stake in Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Advanced Micro Devices Inc. (NASDAQ:AMD) while reducing its holdings in Coinbase Global Inc. (NASDAQ:COIN) and Block Inc. (NYSE:XYZ). These trades reflect Ark’s strategic adjustments amid evolving market conditions.

Barchart

Stocks Supported by Chip Stock Strength and Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.50%. September E-mini S&P futures (ESU25 ) rose +0.19%, and September E-mini Nasdaq futures (NQU25...

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Kiplinger

Stock Market Today: S&P 500 Hits High After Verizon Earnings

The Nasdaq also notched a new high on Monday, while the Dow finished with a marginal loss.

Barchart

Block Is Joining the S&P 500 Index. Should You Buy XYZ Stock Now?

Block stock extends gains on news it will replace Hess in the S&P 500 index on July 23. Baird says XYZ shares are not out of juice just yet.

Benzinga

Block S&P 500 Debut Could See 759% Volume Frenzy, 54 Million Shares Snapped Up: JPMorgan

Block Inc. (NYSE:XYZ) is gearing up for a major milestone. The fintech company is set to join the SP 500 index ahead of trading on Wednesday, July 23.

Benzinga

Wall Street Meets Web3: Fintech ETFs, SPY, VOO To Get Jack Dorsey Upgrade As Block Joins S&P 500

Jack Dorsey’s Block Inc (NYSE:XYZ) has officially entered the big leagues, and index-tracking ETFs such as SPDR SP 500 ETF TRUST (NYSE:SPY) and Vanguard SP 500 ETF (NYSE:VOO) are coming along for the ride.

Barchart

S&P 500 and Nasdaq 100 Jump to Record Highs as Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.72%. September E-mini S&P futures (ESU25 ) are up +0.53%, and September E-mini Nasdaq futures...

Barchart

Stocks Climb on Lower Bond Yields and Favorable Corporate News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. September E-mini S&P futures (ESU25 ) are up +0.37%, and September E-mini Nasdaq futures...

Benzinga

Block Stock Is Soaring Monday: What's Going On?

Block Inc (NYSE:XYZ) shares are moving higher Monday after the company was selected to join the SP 500.

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