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Dorsey said AI-driven efficiency demands smaller teams, triggering one of the largest layoffs in Block’s history. Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees would be notified the same day whether they are being asked to leave, entering consultation, or staying. Massive Layoffs at Block He stated that affected employees will receive…

After weeks of anticipation—and amid a share price decline of nearly 29% year-to-date (YTD)— reported Q4 and full-year 2025 earnings, and the results were…mixed. What’s likely to make headlines is the fact that the company failed to meet analyst expectations on both top- and bottom-line performance for the final quarter of the year, despite making year-over-year (YOY) improvements in both categories.Looking more closely, however, investors may find plenty of reasons to be optimistic about D-Wave’s future following its latest earnings report. The company made impressive improvements in multiple areas, including quarterly bookings, cash position, full-year revenue and gross profit, and…

Wholesale prices rose at a faster-than-expected pace in January, countering hopes that inflation was easing, the Bureau of Labor Statistics reported Friday.The core producer price index, which excludes volatile food and energy prices, increased a seasonally adjusted 0.8%, more than the 0.6% gain in December and well ahead of the Dow Jones consensus estimate for 0.3%.On an all-items basis, the headline PPI rose 0.5%, also above the forecast for 0.3% and 0.1 percentage point more than the prior month.For the full year, core wholesale prices accelerated 3.6%, while the headline index posted a 2.9% gain. Both figures are well ahead…

Key PointsPrediction market traders currently give Bitcoin a 10% chance of hitting $150,000 this year.As midterm elections approach, the U.S. government might start actively buying Bitcoin for the Strategic Bitcoin Reserve.In an ultimate bull-case scenario, U.S. buying of Bitcoin will set off a crypto “arms race” around the world.10 stocks we like better than Bitcoin ›At a current price of $67,000, Bitcoin (CRYPTO: BTC) is now 46% below its all-time high of $126,000 from October. For more than four months now, there has been steady selling pressure on Bitcoin.So it’s perhaps no surprise that prediction market traders think Bitcoin has…

United Airlines’ stock on Friday suffered its worst drop in 10 months, with other airline stocks also seeing steep declines amid rising oil futures prices and increased market jitters.

The Paramount logo is displayed above an entrance to Paramount Studios on Feb. 23, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesA day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward.The WBD board said on Thursday that Paramount’s revised $31-per-share offer was superior to an existing bid from Netflix, prompting the streamer to announce that it was walking away from the deal entirely and clearing the way for Paramount. Paramount’s raised offer — up from $30 per share — was the…

Morgan Stanley has applied for a de novo national trust bank charter, allowing the bank to hold digital assets on behalf of its clients — a move in rhythm with its recent crypto expansion. A public filing with the Office of the Comptroller of the Currency (OCC) shows the application for a bank trust charter was received on Feb. 18 under the name “Morgan Stanley Digital Trust, National Association.” More details of the business plan were released on Friday, according to reports from Bloomberg and Forbes, revealing that the Morgan Stanley subsidiary will custody certain digital assets and execute purchases, sales, swaps…

Kevin Dietsch | Getty ImagesTrump Media & Technology Group said Friday that it was exploring a spin-off of Truth Social, the social media platform of choice for President Donald Trump.Truth Social could become a separate, publicly traded company following the forthcoming closing of its merger with fusion power firm TAE Technologies, according to a press release. Shares of Trump Media fell more than 2% in a choppy session on Friday, despite rising in premarket trading. The stock trades under the ticker DJT, which is also President Trump’s initials.Such a move will bring more public market attention to Truth Social, the…

 Ericsson and Mastercard have entered into a collaboration aimed at reshaping how money moves globally.the partnership integrates the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, which serves as Mastercard’s portfolio of money movement solutions. The collaboration aims to empower telecom service providers, banks, and fintechs to expand their digital wallet capabilities, launch new payment services, and reach unbanked or underbanked communities.+1Simplifying connectivity and infrastructureTo facilitate this integration, Ericsson is leveraging its pre-integrated application programming interfaces (APIs), cloud-native deployment, and compliance-ready infrastructure. This technological foundation is designed to simplify fintech connectivity to the Mastercard Move network.According to the announcement,…

Brazil partially rolls back import tax hike