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Block Inc - SQ STOCK NEWS

Welcome to our dedicated news page for Block (Ticker: SQ), a resource for investors and traders seeking the latest updates and insights on Block.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Block's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Block's position in the market.

Rhea-AI Summary
Afterpay announces new merchant partnerships with Kendra Scott, Made In Cookware, and Molekule, expanding consumer choices at checkout. Afterpay empowers younger consumers to spend responsibly through flexible payment solutions, with a focus on health-conscious options. The partnership aims to provide more financial flexibility and access to a wider customer base, catering to Gen Z and Millennial spending preferences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
none
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Rhea-AI Summary
Bitkey, the self-custody bitcoin wallet by Block, Inc. (NYSE: SQ), starts shipping hardware devices to customers, offering trusted contacts for recovery, integrations with Cash App and Coinbase, and global availability. The wallet aims to simplify self-custody, enhance security, and provide easy recovery options, catering to customers worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
none
-
Rhea-AI Summary
Block, Inc. (NYSE: SQ) is facing a lawsuit from certain investors alleging violations of securities laws due to inadequate protocols restricting access to customer information. The lawsuit claims that a former employee was able to download sensitive reports, potentially leading to reputational harm and significant damage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
Tags
none
Rhea-AI Summary
Block, Inc. (NYSE: SQ) releases its fourth-quarter and full-year 2023 financial results, to be discussed in a conference call and earnings webcast. The results are available on the company's Investor Relations website and have been filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.13%
Tags
earnings
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Rhea-AI Summary
Square's fourth annual Future of Commerce report reveals insights on how businesses are shifting and how consumers are responding, particularly amid further advancement in automation and generative AI. The report highlights the top of mind challenges for restaurants and retailers, emphasizing business expansion and automation to address staffing challenges. The collaboration with Wakefield Research surveyed thousands of business owners and consumers across the United States, Canada, the United Kingdom, and Australia, revealing cautiously optimistic sentiments among business owners despite diverging consumer economic sentiment. 100% of surveyed restaurateurs in the United States plan to expand their businesses in the next 12 months through offering new products or opening additional locations, with 79% reporting feeling more optimistic.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
Tags
none
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Rhea-AI Summary
Research reveals that 68% of business owners are worried about the impact of rising interest rates on their businesses. Square Inc. (SQ) announces plans to launch a new financial services product to address these concerns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.17%
Tags
none
Rhea-AI Summary
Block, Inc. (NYSE: SQ) is set to release its financial results for Q4 and full year 2023 on February 22, 2024, followed by a conference call and earnings webcast. The company invites participation in the call and provides a link for registration. A replay will also be available on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
earnings
-
Rhea-AI Summary
Block, Inc. (NYSE: SQ) launches Bitkey, a self-custody bitcoin wallet available in 95+ countries across six continents, providing an easy-to-use solution for people to truly own and manage their bitcoin safely. The wallet includes a mobile app, hardware device, and recovery tools, and is available for pre-orders at bitkey.world, with shipping starting in early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
Rhea-AI Summary
Square and Afterpay (SQ) set a new record with 70M transactions over the Black Friday and Cyber Monday weekend, up 14% from last year. Consumers displayed diverse shopping habits with a 15% increase in in-person shopping and online cart sizes 3.9X higher than in-person. Businesses leveraged omnichannel strategies by attracting buyers both in-person and online. Square data showed that restaurants experienced a 15% increase in transactions, while 23% more restaurants sent Black Friday and/or Cyber Monday discounts to promote their business. Beauty and wellness sellers also leaned into the shopping weekend, with 108% more sellers sending Black Friday and/or Cyber Monday discounts. The average discount offered was 22% across all channels, with 35% more sellers offering discounts over the weekend. Buy Now, Pay Later (BNPL) transactions through Afterpay increased 19%, and Square sellers saw their Afterpay transactions grow 47%. App usage for Afterpay was up 16%. All data presented are unaudited and subject to adjustment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.02%
Tags
none
Rhea-AI Summary
Rokt Announces Partnership with Afterpay to Provide Highly Relevant Offers at Checkout, Enhancing Shopping Experience and Driving New Revenue
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
partnership
Block Inc

NYSE:SQ

SQ Rankings

SQ Stock Data

51.21B
551.96M
0.81%
70.25%
2.37%
Data Processing, Hosting, and Related Services
Information
Link
US
San Francisco

About SQ

square helps anyone take care of their business. square's complete register service is a full point of sale with tools for every part of running a business, from accepting credit cards to inventory tracking, and small business financing. customers also use square order, a new way to pre-order food and drinks for pickup and individuals use cash, the easiest way to send and receive money. founded in 2009 and headquartered in san francisco, square is currently available in the united states, canada, and japan. square offices are located in san francisco, new york, atlanta, st. louis, kitchener-waterloo, and tokyo.