Block Inc., the fintech giant founded by Jack Dorsey, saw its shares drop nearly 8% on Friday following weaker-than-expected third-quarter results that highlighted a slowdown in profit growth from its Square business segment. Here’s how the company performed compared with LSEG analyst estimates: Earnings per share (adjusted): $0.54 vs. $0.67 expected Revenue: $6.11 billion vs. […]
Affirm CEO Max Levchin revealed on Friday that while the company hasn’t observed credit stress among federal employees impacted by the ongoing U.S. government shutdown, there are early signs of reduced shopping enthusiasm within that group. “We’re noticing a very subtle decline in shopping activity — just a few basis points — specifically among furloughed […]
Artificial intelligence is becoming a quiet game-changer for neurodiverse professionals — including those with ADHD, autism, dyslexia, and similar conditions — helping them thrive in workplaces that were not originally designed for their needs. According to a recent study conducted by the UK’s Department for Business and Trade, neurodiverse employees reported 25% higher satisfaction when […]
More than 95% of the world’s internet traffic — including financial transactions, government communications, emails, and streaming data — travels through a vast web of nearly one million miles of underwater cables. These unseen highways are the backbone of global connectivity and a critical enabler of today’s artificial intelligence revolution. Subsea cables have come a […]
State Street is doubling down on its optimism toward artificial intelligence investments, even after the Nasdaq suffered its steepest weekly decline since April. Chief Business Officer Anna Paglia said momentum-driven tech stocks continue to show strength as investors remain captivated by the transformative potential of AI. “How could anyone not want exposure to the growth […]
In a major sign of easing tensions, China has lifted several restrictions on the export of critical minerals and rare earth materials to the United States, signaling progress in the ongoing trade truce between the two economic superpowers. The Chinese Ministry of Commerce announced Friday that it would temporarily suspend certain export controls on materials […]
Binance CEO Richard Teng has strongly denied allegations that the world’s largest cryptocurrency exchange aided in promoting a Trump-affiliated stablecoin prior to former CEO Changpeng “CZ” Zhao’s presidential pardon. The controversy centers on a $2 billion investment Binance received from Abu Dhabi’s sovereign wealth fund, MGX, which was reportedly settled using USD1, a stablecoin developed […]
HONG KONG — Bill Winters, the CEO of Standard Chartered, envisions a future where blockchain technology underpins almost every financial transaction worldwide, as adoption of digital assets within mainstream banking continues to accelerate. Speaking at Hong Kong FinTech Week, Winters shared his conviction that “virtually all transactions will eventually be settled on blockchains” and that […]
Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]
Ethereum’s native token Ether (ETH) dropped sharply on Monday, falling as much as 9% and breaking below the crucial $3,600 support level after a major security breach hit one of its decentralized finance (DeFi) protocols. According to market data, Ether was recently down around 6.6%, trading close to $3,600 — roughly 25% lower than its […]