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Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. The stock skyrocketed more than 24% in extended trading. “Today we shared a difficult decision with our team,” Jack Dorsey, Block’s co-founder and CEO, wrote in a letter to shareholders. “We’re reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation.”Block CFO Amrita Ahuja said the job cuts will position the company “for our next phase of long term growth.””We are choosing to shift how…

The U.S. Department of Agriculture Rural Development has announced $19 million in funding to enhance electric infrastructure across rural Iowa. Butler County Rural Electric Cooperative will receive an $8 million loan to finance new distribution facilities, line conversions, and nearly 156 miles of line improvements across seven eastern Iowa counties. Southwest Iowa Rural Electric Cooperative will receive an $11 million loan to support line conversions, substation upgrades, and additional distribution equipment serving 10 southwestern counties. Iowa State Director Michael Sexton said the investments aim to improve reliability and affordability in rural power systems while supporting local economic growth under the…

Bitcoin investors could finally be taking a break from selling, relieving some downward pressure on Bitcoin — though months of consolidation will likely lie ahead, says analyst Willy Woo.“This bearish sell-down by investors seems to have exhausted,” said Woo on X on Friday. This gives the price “a reprieve to consolidate sideways for maybe a month,” or even a rebound to the mid $70,000 level, “which would likely be rejected,” he said. Bitcoin (BTC) prices have been range-bound between $60,000 and $70,000 for the past three weeks, and fell below $67,000 briefly in late trading on Thursday.Woo said his “educated guess”…

Key PointsCurrently, Polymarket traders only give Bitcoin a 12% chance of hitting $150,000 this year.Due to recency bias, traders are likely to underestimate Bitcoin’s future upside potential.While prediction markets can be useful in estimating statistical probabilities of events happening, they are not perfect sources of information.10 stocks we like better than Bitcoin ›Admittedly, the situation looks grim for Bitcoin (CRYPTO: BTC) right now. It’s now down 46% over the past four months and currently trades for just $68,000. In order to hit a price of $150,000 this year, it would need to soar in value by about 120%.No wonder Polymarket…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxTerraPay has partnered with Raenest to enable faster local currency payouts for freelancers in India and the Philippines.The integration supports Raenest’s expansion into both markets, allowing users to receive cross-border earnings more quickly in domestic currencies.TerraPay’s payments network will power international transfers for freelancers serving clients in the US, UK and Europe.India and the Philippines are among the largest freelance talent hubs globally. As more workers depend on overseas income, payment speed and reliability remain critical.Raenest said it serves more than one million customers and has processed over…

The maker of servers and PCs is also boosting its dividend by 20%.

Corn bulls found some late day momentum to push 1 to 3 cents higher at the close. The CmdtyView national average Cash Corn price was up 2 1/2 cents to $4.00 1/2. The spring base Crop Insurance price will be set by the close on Friday, as the average December corn close has been $4.61, down 9 cents from last year.USDA reported a private export sale of 178,000 MT of corn to Japan this morning with 154,000 MT for 2026/27 and 24,000 MT for 2027/28. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity…

The crypto industry’s stablecoin operations, such as the arrangement between issuer Circle and leading exchange Coinbase, could be under serious pressure in the U.S. Office of the Comptroller of the Currency’s newly proposed set of stablecoin rules.Even as OCC chief Jonathan Gould testified in the U.S. Senate on issues that included crypto oversight on Thursday, people in the industry said they’ve been trying to understand his agency’s 376-page proposal to regulate domestic issuers under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act that became law last year. The allowance of stablecoin yield and reward has not only…

A day after Cava’s upbeat sales forecast raised hopes for the restaurant industry, rival fast-casual chain Sweetgreen is bringing them back to earth.

China encourages dollar buying to slow yuan ascent