Block (Square) Stock News

Block stock fell after Morgan Stanley downgraded the company amid a strategic shift at its Cash App Borrow segment.

Financial companies in the S&P 500 are about to show the world how higher interest rates are affecting them. And for some, it looks like good news.

Square sellers can now use their Square Dashboard to manage their presence across Apple Maps, Siri AI, Apple Wallet and other Apple apps, Square said in a Thursday (Sept. 24) press release emailed to PYMNTS.

With the 10-year treasury yield hovering around 5% and bond prices suffering through a period of steep losses, investors who bought bond mutual funds or ETFs may be sitting on unrealized losses they can use to offset capital gains. Tax-loss harvesting in bonds is especially relevant now given the double-digit returns in stocks, and financial advisors say waiting until the end of the year to sel...

Block aims to establish a national trust bank that would provide custody and related fiduciary services, including those for bitcoin and stablecoins, the company said in a Tuesday (Sept. 8) press release.

The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced that it has submitted an application to the Office of the Comptroller of the Currency (“OCC”) to establish Builders Bank & Trust, N.A. (“Builders Bank”), an uninsured national trust bank. If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and ...

Block says it is opening its Cash App score to external lenders for the first time. Using Nova Credit as a distribution partner, Block will make Cash App's proprietary, cash flow-based credit score available to lenders via Nova Credit's Cash Flow Intelligence Platform, the company announced Tuesday (Sept.