Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

Block said the restructuring will cost up to $500 million and be largely completed by mid-2026, as investors embraced the move.

Earnings season is wrapping up with a mixed bag of results across crypto miners, AI infrastructure plays and fintech names, ...

While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

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