Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...

Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

WASHINGTON — The U.S. Senate voted Thursday to block the DC Council's decision to divorce from some of the tax breaks included in President Donald Trump's One Big Beautiful bill. The 49-47 vote ...

Congress took steps on Wednesday toward blocking changes to D.C.’s local tax code, even as District officials warned it could wreak havoc on tax season and smash a hole in the city’s budget. The House ...

WASHINGTON--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today launched "Bitcoin is Everyday Money," a campaign advocating for a de minimis tax exemption that would modernize how bitcoin is treated under ...

A federal judge blocked President Donald Trump’s efforts to deploy National Guard troops into Portland in a late-night decision on Sunday. U.S. District Judge Karin Immergut ruled the action was ...