What we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking …
Block Inc
Block (SQ) earnings Q1 2024
Block Inc logo is seen displayed in this illustration taken, April 10, 2023. Dado Ruvic | Reuters Block reported first-quarter earnings after the bell that exceeded analysts’ estimates. The stock …
Walmart-backed fintech One introduces buy now, pay later
Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty Images Walmart’s majority-owned fintech startup One has begun …
Bitcoin miner Gridless, backed by Block, builds site at Kenya volcano
HELL’S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell’s Gate …
Block (SQ) earnings Q4 2023
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Uzcategui …
Why Capital One is buying Discover in the biggest merger yet of 2024
Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger …
Stripe rival soars 22% on profit beat, hiring slowdown
Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Adyen, which competes with Stripe, PayPal, and Block, …
PayPal will cut about 2,500 jobs, or 9% of global workforce
PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC. The cuts …
Shoppers deal with holiday debt
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images When she started shopping for the holidays late last year, Kiki Andersen was struggling …
OpenAI debuts GPT Store, new business tier after leadership fracas
OpenAI is back in action after its leadership tumult, debuting two product and service launches on Wednesday: the GPT Store — OpenAI’s answer to the App Store, which allows users …