Consumers spent less money on Cash App last quarter than Block had expected, causing a disappointing earnings report for the payments and commerce company. "Our growth in the first half of this year ...

Block SQ produced solid second-quarter results that we believe showed that the company is tracking in the right direction. We will maintain our USD 98 (AUD 147) per share fair value estimates for the ...

Penetration today: UBS infers a mid-teens share of eligible Cash App Card volumes so far, with potential to climb toward the ...

Analyst Mark Palmer downgraded the rating from Buy to Hold. Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on ...

Stream Los Angeles News for free, 24/7, wherever you are. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO and Benchmark — to ...

Cash App inflows and new offerings could offset industry headwinds Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, ...

Block Inc., parent company of Square Inc., has become the latest payments provider to come under the scrutiny of the Consumer Financial Protection Bureau. The CFPB, as well as attorneys general from ...

On paper, Block Inc.’s varied businesses all are potentially sensitive to a weakening economic environment, and revenue and earnings are supposed to decline from last year. In reality, the story could ...

Block Inc.’s shares soared after the payments giant run by Jack Dorsey again boosted its forecast for adjusted profit for the year as customers increasingly turn to its popular Cash App. The company ...

Federal prosecutors are digging into internal practices at Block, the financial technology firm launched by Twitter co-founder Jack Dorsey, discussing with a former employee alleged widespread and ...