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Block Slashes Staff as Primary Banking Actives Jump 22% to 9.3M
Block’s massive staff cuts dominated the news surrounding its fourth quarter earnings release and conference call Thursday (Feb. 26). As the company culls its workforce from more than 10,...

Jack Dorsey Proves AI Job Cut Fears Are True; Ellisons Win Warner
Jack Dorsey has been many things in his career, including social media pioneer and crypto advocate. Now he’s the grim reaper of AI. Dorsey on Thursday revealed he will lay off 40% of the employees, ...

Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies
Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI orchestrati...

Brink’s to Buy ATM Firm NCR Atleos in $6.6 Billion Infrastructure Bet
The Brink’s Company plans to acquire NCR Atleos in a cash and stock transaction valued at $6.6 billion, creating a “leading financial technology infrastructure company,” the firms said in a ...

Ethereum price path to $10,000 now hinges on seven upgrades and a fragile ecosystem vote
Ethereum’s latest long-term planning document has given investors a new way to assess whether the digital asset can eventually reach $10,000 by the end of this decade. The newly published “Strawma...

TD Bank Scales AI to Fix AML Program
Artificial intelligence (AI) and machine learning are playing a key role in TD Bank Group’s “No. 1 priority,” its U.S. anti-money laundering (AML) remediation program, an executive said Thursday...

JPMorgan Gives Bold Nvidia Stock Price Target, But Market’s Not Buying It
NVIDIA Stock just delivered a record-breaking Q4 with $68.1 billion in revenue, 73% year-over-year growth, and earnings per share of $1.62 that crushed estimates. JPMorgan, among others, wasted no tim...

Flexport Debuts AI Tool to Streamline Tariff Refunds
It’s not quite clear when and if American businesses will receive refunds on tariff payments. But assuming they go through, supply chain management firm Flexport said Thursday (Feb. 26) i...

OCC Proposal Aims to Fuel Safe Payment Stablecoin Growth
The Office of the Comptroller of the Currency (OCC) has issued a proposed rulemaking to implement the GENIUS Act, the stablecoin legislation that was signed into law by President Donald Trump in July ...

Krispy Kreme Loyalty Program Tops 17 Million Amid Digital Shift
Krispy Kreme is pivoting the business model of its doughnut shops. In reporting its earnings Thursday (Feb. 26), the company said it is moving from owning and operating its own locations t...